Global Automotive Junction Box Market 2021-2025
Technavio has been monitoring the automotive junction box market and it is poised to grow by $ 3.10 bn during 2021-2025 progressing at a CAGR of 9% during the forecast period. Our report on automotive junction box market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the penetration of hybrid and electric powertrains, increasing electronic applications in vehicles, and resettable poly switch devices driving the automotive junction box market. In addition, penetration of hybrid and electric powertrains is anticipated to boost the growth of the market as well.
The automotive junction box market analysis includes type segment and geographical landscapes.
Technavio's automotive junction box market is segmented as below:
- Passenger cars
- Commercial vehicles
By Geographical Landscapes
- North America
- South America
This study identifies the functional integration of junction box as one of the prime reasons driving the automotive junction box market growth during the next few years. Also, light-weight and heat resistant composites for electrical components benefitting automotive junction box market and increasing popularity of autonomous vehicles will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive junction box market covers the following areas:
- Automotive junction box market sizing
- Automotive junction box market forecast
- Automotive junction box market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive junction box market vendors that include BorgWarner Inc., Continental AG, Eaton Corp. Plc, Fujikura Ltd., Lear Corp., Leoni AG, Tata Motors Ltd., TE Connectivity Ltd., Valeo SA, and World Products Inc.. Also, the automotive junction box market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.