Global Automotive Junction Box Market (2018-2022): Expected to Grow at a CAGR of ~8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--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 TrendsFunctional Integration of Junction Box Light-Weight and Heat Resistant Composites for Electrical Components Benefitting Automotive Junction Box Market Increasing Popularity of Autonomous Vehicles
Key PlayersContinental Fujikura Lear Tata AutoComp Systems TE Connectivity
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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SOURCE: Research and Markets
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PUB: 12/06/2018 11:11 AM/DISC: 12/06/2018 11:11 AM