Automotive electrical distribution systems are embedded devices offered by automotive manufacturers that distribute the electricity generated from the transmission system (powerhouse) to individual components. Automotive vehicles have undergone many technological changes in a short period of time. Currently, vehicles are more comfortable, safer, and more fuel efficient; however, they are also highly complex. The complexity of a vehicle has increased due to the usage of a large number of electronic components and electronic systems that require power/electricity for their operation. This need for electricity is provided by the powerhouse of the vehicle, through the electrical distribution system. The electrical distribution system is responsible for the proper distribution of electricity to all electronic components.
Electronic components are also utilized to control speed and emission. Moreover, an electrical distribution system is required to distribute the power to those components. Usage of electronic systems is increasing in order to satisfy the rigorous norms imposed by regulatory bodies on vehicles, which in turn is propelling the demand for electrical distribution systems. Safety and security are also controlled by various systems as ABS, ADAS, and central locking system. Therefore, safety and security are key factors that are boosting the development of electrical distribution systems. A majority of vehicle breakdowns are caused by electrical failure. Failure in the electrical distribution system is likely to damage the entire vehicle, since it is at the center of the electronic system.
The automotive electrical distribution system market can be segmented based on component, vehicle type, functions, and geography.
Based on component, the automotive electrical distribution system market can be segregated into circuit breakers, terminals and connectors, power distribution boxes, passive junction boxes, channels/ducts/brackets, eyelets, grommets, and fuse/relay holders.
In terms of vehicle type, the automotive electrical distribution system market can be classified into passenger vehicles (PVs) and commercial vehicles (CVs). The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, multi- purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment is further split into lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
The functions of the electric distribution system include acting as a power distribution network and as an information distribution network. The electrical distribution system supplies the required amount of the electricity to the individual system as a power distribution network. While, as an information distributor, it provides the information to the system to act according to requirement.
Based on geography, the automotive electrical distribution system market can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global automotive electrical distribution system market, due to the high adoption rate of automotive electrical distribution systems and the booming automotive sector leading to an increased production of vehicles with automotive electrical distribution systems, especially in China and India.
Key players operating in the automotive electric distribution system market are Lear Corporation, Hager Group, Yazaki Group, Mitsubishi Electric Corporation, ABB, Eaton Corporation, TE Connectivity Corporation., Schneider Electric, SEL, and Siemens AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.