Global Automotive Junction Box Market 2018-2022

NEW YORK, Nov. 26, 2018 /PRNewswire/ -- 99 pages, November 2018

About this market
The global automotive industry is witnessing the emergence of increased electrification of electronics in the industry, which is leading to the development of intelligent mobility solutions and technologies. 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. Thus, increasing electronic applications in vehicles will positively impact the automotive junction box market growth.



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Market Overview
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.
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.
For the detailed list of factors that will drive and challenge the growth of the automotive junction box market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Tata AutoComp Systems and TE Connectivity the competitive environment is quite intense. Factors such as the increasing electronic applications in vehicles and functional integration of junction box, will provide considerable growth opportunities to automotive junction box manufactures. Continental, Fujikura, Lear, Tata AutoComp Systems, and TE Connectivity are some of the major companies covered in this report.

Read the full report: https://www.reportlinker.com/p05628465

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