Global Automotive Junction Box Market 2018-2022 | Increasing Electric Applications in Vehicles to Boost Demand | Technavio

December 3, 2018

LONDON--(BUSINESS WIRE)--Dec 3, 2018-- analysts forecast the global automotive junction box market to grow at a CAGR of nearly 8% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global automotive junction box market for the period 2018-2022. (Graphic: Business Wire)

Light-weight and heat resistant composites for electrical components is one of the major trends being witnessed in the . The automotive industry is witnessing a structural shift toward lightweight materials, engine downsizing, and compact vehicle structure mainly to achieve higher fuel-efficiency. With wiring harnesses getting denser, space in vehicle columns and headliners is getting cramped up. These concerns are pushing OEMs and component suppliers to opt for lightweight wiring materials such as aluminum.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global automotive junction box market is the increasing electric applications in vehicles:

Global automotive junction box market: Increasing electric 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.

According to a senior analyst at Technavio for research on automotive components, “In the automotive industry, the safety bar has also been considerably raised as global automakers are looking for growth opportunities by continually enhancing automobile safety. The automotive electronics industry is experiencing rapid growth owing to greater miniaturization and increasing use of advanced, lightweight materials, and the internet of things. Various automotive systems have evolved from being completely mechanical, hydraulic, or electro-hydraulic to full-fledged electronics.”

Global automotive junction box market: Segmentation analysis

The global automotive junction box market research report provides market segmentation by vehicle type (conventional passenger cars, conventional commercial vehicles, electric passenger cars, and electric commercial vehicles) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

APAC led the market in 2017 with a share of over 53%. This region is expected to dominate the market through 2022, with over 1% increase in its market share.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 12/03/2018 09:31 AM/DISC: 12/03/2018 09:31 AM


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