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According to a report by Markets and Markets, an international market research agency, the global automotive power distribution market is expected to grow from $6.
47 billion in 2018 to $8.
6 billion in 2025, growing at a CAGR of 4.
15% during the period
.
The global automotive power distribution market was valued at $6.
47 billion in 2018
Including essential safety systems such as anti-lock braking systems (ABS), tire pressure detection systems (TPMS), and electronic stability programs, along with the growing demand for advanced cockpit electronics and telematics are expected to drive the growth of the automotive power distribution market
.
In addition, the market growth can be attributed to the increasing demand for pure electric vehicles and plug-in hybrid vehicles, which possess more electronic components
than conventional vehicles.
In terms of value, the configurable segment is expected to account for the largest share
of the market during the forecast period.
The growing demand for advanced electronics such as infotainment and navigation, rear-seat entertainment, driving mode selection, electric powertrain, and advanced telematics will drive the configurable segment segment
.
By 2025, the pure electric vehicle segment is expected to grow
at the highest rate.
Factors such as stringent government emission standards, increased ecological imbalance due to excessive carbon emissions, and reduced energy consumption have contributed to the growth of
the pure electric vehicle market.
Asia Pacific is the largest regional automotive power distribution market
.
Asia Pacific is the world's largest automotive market, accounting for 50%
of global vehicle production.
The region includes emerging economies such as China and India as well as developed countries
such as Japan and South Korea.
The growing popularity of advanced electronics in vehicles, increasing purchasing power of the population, and growing consumer awareness of safety features in developing countries are the key factors
driving the development of the automotive power distribution market in Asia Pacific.
The report covers all major players in the automotive power distribution market, including Eaton (Ireland), Lear (USA), Sumitomo Electric (Japan), Tyco Electronics (Switzerland), Yazaki Corporation (Japan) and Lite Fuse Corporation (USA).
，
According to a report by Markets and Markets, an international market research agency, the global automotive power distribution market is expected to grow from $6.
47 billion in 2018 to $8.
6 billion in 2025, growing at a CAGR of 4.
15% during the period
.
The global automotive power distribution market was valued at $6.
47 billion in 2018
47 billion in 2018
Including essential safety systems such as anti-lock braking systems (ABS), tire pressure detection systems (TPMS), and electronic stability programs, along with the growing demand for advanced cockpit electronics and telematics are expected to drive the growth of the automotive power distribution market
.
In addition, the market growth can be attributed to the increasing demand for pure electric vehicles and plug-in hybrid vehicles, which possess more electronic components
than conventional vehicles.
In terms of value, the configurable segment is expected to account for the largest share
of the market during the forecast period.
The growing demand for advanced electronics such as infotainment and navigation, rear-seat entertainment, driving mode selection, electric powertrain, and advanced telematics will drive the configurable segment segment
.
By 2025, the pure electric vehicle segment is expected to grow
at the highest rate.
Factors such as stringent government emission standards, increased ecological imbalance due to excessive carbon emissions, and reduced energy consumption have contributed to the growth of
the pure electric vehicle market.
Asia Pacific is the largest regional automotive power distribution market
.
Asia Pacific is the world's largest automotive market, accounting for 50%
of global vehicle production.
The region includes emerging economies such as China and India as well as developed countries
such as Japan and South Korea.
The growing popularity of advanced electronics in vehicles, increasing purchasing power of the population, and growing consumer awareness of safety features in developing countries are the key factors
driving the development of the automotive power distribution market in Asia Pacific.
The report covers all major players in the automotive power distribution market, including Eaton (Ireland), Lear (USA), Sumitomo Electric (Japan), Tyco Electronics (Switzerland), Yazaki Corporation (Japan) and Lite Fuse Corporation (USA).
，
