The Global Automotive Power Distribution Box Market is Expected to Reach an Estimated $13 Billion by 2030
The Global Automotive Power Distribution Box Market is Expected to Reach an Estimated $13 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global automotive power distribution box market looks promising with opportunities in the passenger cars, light commercial vehicles, and electric vehicles markets. The global automotive power distribution box market is expected to reach an estimated $13 billion by 2030 from $8 billion in 2023 at a CAGR of 6.8% from 2023 to 2030. The major drivers for this market are growing electronic content per vehicle, growth in vehicle production, and stringent government regulation for passenger safety.
In this market, hardwired and configurable are the major segments of automotive power distribution box market by box type.
Lucintel forecasts that configurable will remain larger segment over the forecast period due to increasing use of microcontrollers and multiple circuit boards per vehicle.
Within this market, passenger cars will remain the largest segment due to increasing preference for high-performance personal vehicles.
Download sample by clicking on automotive power distribution box market.
APAC will remain the largest region over the forecast period due to due to the higher vehicle production and economic growth.
Eaton Corporation, Lear Corporation, Sumitomo Electric, TE Connectivity, and Yazaki are the major suppliers in the automotive power distribution box market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get acces of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056