Vehicle Power Distribution System Market 2018: Industry Growth, Size, Share, Analysis & Forecast 2026

Press Release

Vehicle power distribution system is used to distribute electricity among various electronic systems in the vehicle.

Expansion of the Vehicle Power Distribution System Market is driven due to rising acceptance of electronic features in a vehicle. Regulations on passenger safety are likely to propel the market. Safety is an important factor while driving a vehicle. Safety systems need proper power distribution to function properly. A major restraint of the market is a lack of technological innovation in vehicle power distribution.

The global Vehicle Power Distribution System Market can be segmented based on type, technology, component, electric vehicle type, vehicle type, sales channel, and region.

Based on type, the Vehicle Power Distribution System Market can be segregated into hardwired and configurable. Hardwired power distribution system is an important technology that is integrated on an automobile wiring harness assembly, which distributes and controls the power flow within the electric power set. The configurable type segment is projected to hold a significant share of the Vehicle Power Distribution System Market during the forecast period. Increasing demand for innovative electronics such as infotainment & navigation units, windshield HUDs, electric powertrain, drive mode selector, rear seat entertainment, and advanced telematics is likely to boost the configurable segment.
Based on technology, the vehicle power distribution market can be classified into level I, level II, and level III. Level I is primarily used in the conventional internal combustion (IC) engines. Electric vehicles have more electronic components and hence, need an advanced system for power distribution. Therefore, level III technology power distribution system is commonly utilized in the electric vehicles.

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Based on component, the Vehicle Power Distribution System Market can be divided into fuse, CAN, relays, and others.

In terms of electric vehicle type, the Vehicle Power Distribution System Market can be bifurcated into battery electric vehicle, plug-in hybrid vehicle, and hybrid electric vehicle. Adoption of zero-emission vehicles is increasing in order to achieve a pure environment.

Based on vehicle type, the Vehicle Power Distribution System Market can be segregated into passenger vehicles (PVs) and commercial vehicles (CVs).

In terms of sales channel, the Vehicle Power Distribution System Market can be classified into original equipment manufacturer (OEM) and one more segment.

Based on region, the market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific accounted for 50% of the global market due to higher vehicle production in the region. The market in Europe is likely to expand at a significant growth rate owing to the rise in penetration of electric vehicles in the region. Economies of countries in Middle East are primarily dependent on the oil and gas industry. Therefore, the Middle East is least affected by the introduction of electric vehicles. Conventional systems used in power distribution are likely to expand at a moderate growth rate in the Middle East. Countries in Africa are developing at a rapid pace, which is likely to boost the vehicle industry in these countries.

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Market players operating in the Vehicle Power Distribution System Market include TE Connectivity, Horiba, Sumitomo Electric, Furukawa, Eaton, Draxlmaier, MTA, Littelfuse Lear, Leoni, Mersen, Minda, Schurter, and Yazaki.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

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