Lucintel’s latest market report analyzed that automotive power distribution box provides attractive opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive power distribution box market is expected to reach $18.3 billion by 2027 with a CAGR of 10.2%. In this market, configurable is the largest segment by box type. The introduction of Y-splitter modular systems for high-voltage power distribution boxes and the development of compact lightweight configurable power distribution provides strategic growth path in this market.
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Based on box type, the automotive power distribution boxmarket is segmented into hardwired and configurable. The configurable segment accounted for the largest share of the market in 2020 and it is also expected to witness the highest growth over the forecast period due to increasing use of microcontrollers and multiple circuit boards per vehicle.
Browse in-depth TOC on “Automotive Power Distribution Box Market”
77 – Tables
102 – Figures
170 – Pages
The automotive power distribution box market is marked by the presence of several big and small players. Some of the prominent players offering automotive power distribution box include Eaton Corporation, Lear Corporation, Sumitomo Electric, TE Connectivity, Yazaki, Littlefuse, Leoni Group, Furukawa Electric Group, PKC Group, and Minda Corporation.
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