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

DUBLIN--()--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

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity