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Automotive Power Distribution Block Market – By Type (Hardwired, Configurable), By Component (Can, Fuse, Relay, and Others), By Vehicle Type (Passenger Cars, LCV, HCV), By Electric Vehicle Type (BEV, HEV, PHEV), By Off-Highway Vehicle Type (Agriculture Tractors, Construction Equipment), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Automotive Power Distribution Block Market Overview:
Automotive Power Distribution Block Market size is estimated to reach US$10.4 billion by 2030, growing at a CAGR of 4.3% during the forecast period 2024-2030. Increased adoption of advanced electronics in vehicles and Rising demand for electric & hybrid vehicles are expected to propel the growth of Automotive Power Distribution Block Market.
As automotive technology advances, there is a growing trend towards the adoption of modular and configurable power distribution systems. These systems allow for greater flexibility and scalability, enabling manufacturers to design and implement more efficient and tailored solutions for various vehicle models. Modular power distribution blocks can be easily adapted to different configurations, reducing production costs and time-to-market for new vehicle models. Continuous technological advancements are shaping the automotive power distribution block market. Innovations such as smart and configurable power distribution blocks, which allow for more efficient and flexible power management, are becoming increasingly popular. These advancements enable better integration with modern vehicle electronics, enhancing overall vehicle performance and safety. The focus on developing more compact, lightweight and efficient power distribution solutions is a key trend driving market growth.
Market Snapshot:
Automotive Power Distribution Block Market - Report Coverage:
The “Automotive Power Distribution Block Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Power Distribution Block Market.
|
Attribute |
Segment |
|
By Type |
● Hardwired ● Configurable |
|
By Component |
● Can ● Fuse ● Relay ● Others |
|
By Vehicle Type |
● Passenger Cars ● LCV ● HCV |
|
By Electric Vehicle Type |
● BEV ● HEV ● PHEV |
|
By Off-Highway Vehicle Type |
● Agriculture Tractors ● Construction Equipment |
|
By Geography |
● North America (U.S., Canada and Mexico) ● Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), ● Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), ● South America (Brazil, Argentina, Chile, Colombia and Rest of South America) ● Rest of the World (Middle East and Africa) |
COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic significantly disrupted the automotive power distribution block market. Supply chain disruptions, factory shutdowns, and reduced consumer demand led to a slowdown in production and sales. The pandemic forced manufacturers to reassess their strategies, focusing on supply chain resilience and digital transformation to mitigate future risks. Additionally, the shift towards remote working reduced the demand for new vehicles, impacting the overall market dynamics.
- The Russia-Ukraine conflict has also had a substantial impact on the automotive power distribution block market. The geopolitical instability resulted in increased raw material prices and supply chain interruptions, particularly affecting European manufacturers. Sanctions and trade restrictions further exacerbated the supply chain issues, leading to increased costs and delayed production schedules. This conflict highlighted the need for diversifying supply chains and reducing dependency on specific regions for critical components.
Key Takeaways:
Passenger Cars Dominated the Market
According to the Automotive Power Distribution Block Market analysis, in the Automotive Power Distribution Block market share, Passenger Cars is analyzed to hold a dominant market share of 48% in 2023. This dominance is driven by the growing global production and sales of passenger vehicles, which have been steadily increasing due to rising disposable incomes and urbanization, especially in emerging economies. Furthermore, the integration of advanced electronic systems in passenger cars, such as infotainment, safety features, and driver assistance systems, has increased the demand for efficient and reliable power distribution solutions. Original Equipment Manufacturers (OEMs) are focusing on enhancing the electrical and electronic architecture of these vehicles to support these advanced features, which in turn drives the growth of the power distribution block market. As passenger cars become more technologically sophisticated, the need for robust power distribution solutions continues to rise, solidifying this segment's leading position in the market.
Configurable Type is the fastest Growing Segment
In the Automotive Power Distribution Block Market forecast, Configurable Type segment is estimated to grow with a CAGR of 8.7% during the forecast period. Configurable power distribution blocks offer significant advantages over traditional hardwired systems. They provide greater flexibility and scalability, allowing manufacturers to easily modify and expand the electrical system as needed without extensive rewiring. This adaptability is especially valuable in modern vehicles that are increasingly incorporating advanced electronics and diverse functionalities, such as infotainment systems, advanced driver-assistance systems (ADAS), and electric powertrains. Additionally, configurable power distribution blocks contribute to weight reduction and improved efficiency. By integrating multiple functions into a single unit and optimizing the layout, these systems help reduce the overall wiring complexity and weight of the vehicle, which is crucial for enhancing fuel efficiency and performance, especially in electric and hybrid vehicles. The growing consumer demand for advanced and customized vehicle features is also driving the adoption of configurable power distribution blocks.
Increased Adoption of Advanced Electronics in Vehicles is Driving the Market Growth
As vehicle manufacturers strive to enhance vehicle functionality, comfort, and safety, the demand for robust power distribution blocks capable of managing higher electrical loads has surged. These blocks not only streamline the wiring complexity within vehicles but also contribute to improved energy efficiency and reduced overall vehicle weight. Moreover, the integration of electric and hybrid vehicles into mainstream markets further drives the need for specialized power distribution solutions that can handle higher voltages and currents. In response to these trends, manufacturers in the automotive power distribution block sector are focusing on developing innovative solutions. These include smart distribution blocks with built-in diagnostics, modular designs that facilitate easier installation and maintenance, and materials that offer better heat dissipation and durability.
The Lack of Standardized Approaches & Tools for Automotive Power Distribution Block Hampers the Market Growth
With the rapid proliferation of cloud services and architectures, organizations face challenges in achieving consistent and comprehensive visibility into their cloud environments. The absence of standardized methodologies and tools complicates the process of discovering and managing cloud resources effectively. One of the primary issues stemming from this constraint is the lack of interoperability between different cloud platforms and services. Without standardized approaches, organizations struggle to integrate disparate cloud environments seamlessly, leading to inefficiencies and gaps in visibility. Additionally, the lack of standardized tools hampers collaboration and knowledge sharing among industry stakeholders. Addressing this constraint requires concerted efforts from industry players, standardization bodies, and regulatory authorities to develop and promote consistent methodologies, frameworks, and tools for Automotive Power Distribution Block. By establishing common standards and practices, organizations can streamline cloud management processes, enhance interoperability, and foster a more robust and dynamic Automotive Power Distribution Block market ecosystem.
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Key Market Players:
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Power Distribution Block Market. The top 10 companies in this industry are listed below:
- Eaton
- FURUKAWA ELECTRIC CO., LTD.
- Infineon Technologies AG
- Berkshire Hathaway Inc.
- TE Connectivity
- YAZAKI Corporation
- Littelfuse, Inc.
- LEONI AG
- Continental Corporation
- ILSCO Corporation
Scope of the Report:
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.3% |
|
Market Size in 2030 |
$10.4 billion |
|
Segments Covered |
Type, Component, Vehicle Type, Electric Vehicle Type, Off-Highway Vehicle Type |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
|
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1.1. Definition and Scope
2. Automotive Power Distribution Block Market - Executive Summary
2.1. Key Trends by Type
2.2. Key Trends by Component
2.3. Key Trends by Vehicle Type
2.4. Key Trends by Electric Vehicle Type
2.5. Key Trends by Off-Highway Vehicle Type
2.6. Key Trends by Geography
3. Automotive Power Distribution Block Market – Comparative Analysis
3.1. Market Share Analysis - Major Companies
3.2. Product Benchmarking - Major Companies
3.3. Top 5 Financials Analysis
3.4. Patent Analysis - Major Companies
3.5. Pricing Analysis (ASPs will be provided)
4. Automotive Power Distribution Block Market – Startup Companies Scenario
4.1. Major Startup Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Product Portfolio
4.1.4. Venture Capital and Funding Scenario
5. Automotive Power Distribution Block Market – Market Entry Scenario Premium
5.1. Regulatory Framework (Schemes) Overview
5.2. New Business and Ease of Doing Business Index
5.3. Successful Ventures Profiles
5.4. Customer Analysis – Major Companies
6. Automotive Power Distribution Block Market – Market Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Porter’s Five Force Model
6.3.1. Bargaining Power of Suppliers
6.3.2. Bargaining Powers of Customers
6.3.3. Threat of New Entrants
6.3.4. Competitive Rivalry
6.3.5. Threat of Substitutes
7. Automotive Power Distribution Block Market – Strategic Analysis
7.1. Value/Supply Chain Analysis
7.2. Opportunities Analysis
7.3. Product/Market Life Cycle
7.4. Distributor Analysis – Major Companies
8. Automotive Power Distribution Block Market – By Type
8.1. Hardwired
8.2. Configurable
9. Automotive Power Distribution Block Market – By Component
9.1. Can
9.2. Fuse
9.3. Relay
9.4. Others
10. Automotive Power Distribution Block Market – By Vehicle Type
10.1. Passenger Cars
10.2. LCV
10.3. HCV
11. Automotive Power Distribution Block Market – By Electric Vehicle Type
11.1. Battery Electric Vehicle (BEV)
11.2. HEV
11.3. PHEV
12. Automotive Power Distribution Block Market – By Off-Highway Vehicle Type
12.1. Agricultural Tractors
12.2. Construction Equipment
13. Automotive Power Distribution Block Market – By Geography
13.1. North America
13.1.1. Canada
13.1.2. Mexico
13.1.3. U.S.
13.2. South America
13.2.1. Argentina
13.2.2. Brazil
13.2.3. Chile
13.2.4. Colombia
13.2.5. Rest of South America
13.3. Europe
13.3.1. France
13.3.2. Germany
13.3.3. Italy
13.3.4. Netherlands
13.3.5. Belgium
13.3.6. Spain
13.3.7. UK
13.3.8. Denmark
13.3.9. Rest of Europe
13.4. APAC
13.4.1. China
13.4.2. Japan
13.4.3. India
13.4.4. South Korea
13.4.5. Australia and New Zealand
13.4.6. Indonesia
13.4.7. Taiwan
13.4.8. Malaysia
13.4.9. Rest of APAC
13.5. RoW
13.5.1. Middle East
13.5.2. Africa
14. Automotive Power Distribution Block Market – Entropy
14.1. New Product Launches
14.2. M&As, Collaborations, JVs and Partnerships
15. Automotive Power Distribution Block Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Region – Key Companies
15.1.2. Market Share by Country – Key Companies
15.2. Competition Matrix
15.3. Best Practices for Companies
16. Automotive Power Distribution Block Market – Company Analysis
16.1. Eaton
16.2. FURUKAWA ELECTRIC CO., LTD.
16.3. Infineon Technologies AG
16.4. Berkshire Hathaway Inc.
16.5. TE Connectivity
16.6. YAZAKI Corporation
16.7. Littelfuse, Inc.
16.8. LEONI AG
16.9. Continental Corporation
16.10. ILSCO Corporation
"Financials to the Private Companies would be provided on best-effort basis."
LIST OF TABLES
1.Global Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
1.1 Hardwired Market 2023-2030 ($M) - Global Industry Research
1.2 Configurable Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
2.1 Can Market 2023-2030 ($M) - Global Industry Research
2.2 Fuse Market 2023-2030 ($M) - Global Industry Research
2.3 Relay Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
3.1 Passenger Cars Market 2023-2030 ($M) - Global Industry Research
4.Global Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
4.1 Agricultural Tractors Market 2023-2030 ($M) - Global Industry Research
4.2 Construction Equipment Market 2023-2030 ($M) - Global Industry Research
4.2.1 UK Market 2023-2030 ($M)
4.2.2 US Market 2023-2030 ($M)
5.Global Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
6.Global Automotive Power Distribution Block Market By Type Market 2023-2030 (Volume/Units)
6.1 Hardwired Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Configurable Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Automotive Power Distribution Block Market By Component Market 2023-2030 (Volume/Units)
7.1 Can Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Fuse Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Relay Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 (Volume/Units)
8.1 Passenger Cars Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 (Volume/Units)
9.1 Agricultural Tractors Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Construction Equipment Market 2023-2030 (Volume/Units) - Global Industry Research
9.2.1 UK Market 2023-2030 (Volume/Units)
9.2.2 US Market 2023-2030 (Volume/Units)
10.Global Automotive Power Distribution Block Market By Type & Region Market 2023-2030 (Volume/Units)
11.North America Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
11.1 Hardwired Market 2023-2030 ($M) - Regional Industry Research
11.2 Configurable Market 2023-2030 ($M) - Regional Industry Research
12.North America Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
12.1 Can Market 2023-2030 ($M) - Regional Industry Research
12.2 Fuse Market 2023-2030 ($M) - Regional Industry Research
12.3 Relay Market 2023-2030 ($M) - Regional Industry Research
13.North America Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
13.1 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
14.North America Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
14.1 Agricultural Tractors Market 2023-2030 ($M) - Regional Industry Research
14.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
14.2.1 UK Market 2023-2030 ($M)
14.2.2 US Market 2023-2030 ($M)
15.North America Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
16.South America Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
16.1 Hardwired Market 2023-2030 ($M) - Regional Industry Research
16.2 Configurable Market 2023-2030 ($M) - Regional Industry Research
17.South America Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
17.1 Can Market 2023-2030 ($M) - Regional Industry Research
17.2 Fuse Market 2023-2030 ($M) - Regional Industry Research
17.3 Relay Market 2023-2030 ($M) - Regional Industry Research
18.South America Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
18.1 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
19.South America Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
19.1 Agricultural Tractors Market 2023-2030 ($M) - Regional Industry Research
19.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
19.2.1 UK Market 2023-2030 ($M)
19.2.2 US Market 2023-2030 ($M)
20.South America Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
21.Europe Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
21.1 Hardwired Market 2023-2030 ($M) - Regional Industry Research
21.2 Configurable Market 2023-2030 ($M) - Regional Industry Research
22.Europe Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
22.1 Can Market 2023-2030 ($M) - Regional Industry Research
22.2 Fuse Market 2023-2030 ($M) - Regional Industry Research
22.3 Relay Market 2023-2030 ($M) - Regional Industry Research
23.Europe Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
23.1 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
24.Europe Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
24.1 Agricultural Tractors Market 2023-2030 ($M) - Regional Industry Research
24.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
24.2.1 UK Market 2023-2030 ($M)
24.2.2 US Market 2023-2030 ($M)
25.Europe Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
26.APAC Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
26.1 Hardwired Market 2023-2030 ($M) - Regional Industry Research
26.2 Configurable Market 2023-2030 ($M) - Regional Industry Research
27.APAC Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
27.1 Can Market 2023-2030 ($M) - Regional Industry Research
27.2 Fuse Market 2023-2030 ($M) - Regional Industry Research
27.3 Relay Market 2023-2030 ($M) - Regional Industry Research
28.APAC Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
28.1 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
29.APAC Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
29.1 Agricultural Tractors Market 2023-2030 ($M) - Regional Industry Research
29.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
29.2.1 UK Market 2023-2030 ($M)
29.2.2 US Market 2023-2030 ($M)
30.APAC Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
31.MENA Automotive Power Distribution Block Market By Type Market 2023-2030 ($M)
31.1 Hardwired Market 2023-2030 ($M) - Regional Industry Research
31.2 Configurable Market 2023-2030 ($M) - Regional Industry Research
32.MENA Automotive Power Distribution Block Market By Component Market 2023-2030 ($M)
32.1 Can Market 2023-2030 ($M) - Regional Industry Research
32.2 Fuse Market 2023-2030 ($M) - Regional Industry Research
32.3 Relay Market 2023-2030 ($M) - Regional Industry Research
33.MENA Automotive Power Distribution Block Market By Vehicle Type Market 2023-2030 ($M)
33.1 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
34.MENA Automotive Power Distribution Block Market By Off-Highway Vehicle Type Market 2023-2030 ($M)
34.1 Agricultural Tractors Market 2023-2030 ($M) - Regional Industry Research
34.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
34.2.1 UK Market 2023-2030 ($M)
34.2.2 US Market 2023-2030 ($M)
35.MENA Automotive Power Distribution Block Market By Type & Region Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
2.Canada Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
6.Peru Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
8.Chile Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
10.UK Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
11.Germany Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
12.France Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
13.Italy Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
14.Spain Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
16.China Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
17.India Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
18.Japan Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Power Distribution Block Market Revenue, 2023-2030 ($M)
21.North America Automotive Power Distribution Block By Application
22.South America Automotive Power Distribution Block By Application
23.Europe Automotive Power Distribution Block By Application
24.APAC Automotive Power Distribution Block By Application
25.MENA Automotive Power Distribution Block By Application
26.Eaton, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Lear, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sumitomo Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.TE Connectivity, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Yazaki, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Littelfuse, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Leoni, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Furukawa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Horiba, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mersen, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.E-T-A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Schurter, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.PKC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Minda, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Draxlmaier, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.MTA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Truck-Lite, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Kissling Elektrotechnik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Curtiss-Wright, Sales /Revenue, 2015-2018 ($Mn/$Bn)
The Automotive Power Distribution Block Market is projected to grow at a CAGR of 4.3% during the forecast period 2024-2030.
Global Automotive Power Distribution Block Market size is estimated to be $7.8 billion in 2023 and is projected to reach $10.4 billion by 2030.
The leading players in the Automotive Power Distribution Block Market are Eaton, FURUKAWA ELECTRIC CO., LTD., Infineon Technologies AG, Berkshire Hathaway Inc., TE Connectivity, and Others.
Technological innovations and Shift towards modular & configurable systems are the major trends in Automotive Power Distribution Block market.
Increased adoption of advanced electronics in vehicles and Rising demand for electric & hybrid vehicles are expected to drive the growth of Automotive Power Distribution Block market. Integration with electric & autonomous vehicles and Advancements in smart & connected vehicles to create growth opportunities in the market.