Global Automotive Junction Box Market (2018-2022): Expected to Grow at a CAGR of ~8% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Automotive Junction Box Market 2018-2022”
report has been added
to ResearchAndMarkets.com’s offering.

The global automotive junction box market is expected to grow at a CAGR
of nearly 8% during the forecast period.

One trend in the market is functional integration of junction box.
Junction boxes primarily come of use in enclosing electrical connections
in a vehicle. Relay boxes in vehicles allow low electric currents to
come in close contact and control bigger currents. Fuses protect the
wiring in electrical circuits from short circuits. Integrating passive
junction box features with electronic module functionality provides
various advantages in terms of weight and size reductions.

According to the report, one driver in the market is increasing
electronic applications in vehicles. The global automotive industry is
witnessing the emergence of advanced automotive electronics systems and
related technologies. The increasing electrification of electronics in
the industry is leading to the development of intelligent mobility
solutions and technologies. Automobiles today have enhanced
functionalities and are energy-efficient as they are equipped with
advanced electronics.

Further, the report states that one challenge in the market is shortened
product life cycle of electrical systems challenging the market dynamics
of automotive junction box. Technological innovations and higher
consumer expectations have reduced the average lifecycle of automobiles
in general, and this is pressurizing manufacturers of wiring harnesses
and automotive electronics to cater to the growing needs of OEMs and
Tier-1 suppliers. In the past, the automotive industry experienced a
gradual product lifecycle, with a vehicle’s average shelf life ranging
from eight to 10 years.

Market Trends

  • Functional Integration of Junction Box
  • Light-Weight and Heat Resistant Composites for Electrical Components
    Benefitting Automotive Junction Box Market
  • Increasing Popularity of Autonomous Vehicles

Key Players

  • Continental
  • Fujikura
  • Lear
  • Tata AutoComp Systems
  • TE Connectivity

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Vehicle Type

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/qk3tqt/global_automotive?w=4

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Related
Topics: Electricity

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