Market Overview:
The global Vehicle Power Distribution System market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vehicles, rising concerns over vehicle safety, and growing demand for advanced features in vehicles. The global Vehicle Power Distribution System market can be segmented on the basis of type into hardwired vehicle power distribution system and configurable vehicle power distribution system. The hardwired vehicle power distribution system segment is expected to hold a larger share of the market than the configurable vehicle power distribution system segment during the forecast period. This can be attributed to its low cost and easy installation compared with configurable systems. On the basis of application, the global Vehicle Power Distribution System market can be divided into OEM and aftermarket segments. The OEM segment is expected to hold a larger share of the market than the aftermarket segment duringthe forecast period owingtoits higher adoption by original equipment manufacturers (OEMs).
Product Definition:
A vehicle power distribution system is a system that distributes electrical power from a battery to the various electrical components in a vehicle. The importance of this system is that it provides power to the various components in the correct amounts and at the correct times.
Hardwired Vehicle Power Distribution System:
The global hardwired vehicle power distribution system is expected to witness significant growth over the forecast period. The growth can be attributed to growing demand for electric vehicles and plug-in hybrid electric vehicles (PHEVs).
According to International Energy Agency (IEA), the number of EVs on road is projected to reach 125 million by 2030 from 7.
Configurable Vehicle Power Distribution System:
The configurable vehicle power distribution system is a smart and efficient way to distribute power from the battery to all the systems or devices connected in your car. It helps in optimizing the energy usage of every single component installed in a vehicle. The V-VDSS system can be easily integrated with advanced driver assistance systems such as Adaptive Cruise Control, Blind Spot Detection, Park Assist System and many more which are being increasingly adopted by OEMs across the globe.
Application Insights:
OEMs such as Ford, GM, Honda and Toyota manufacture their vehicle with a power distribution system. These OEMs design the vehicle¢â‚¬â„¢s electrical architecture in a way that it is capable of supporting aftermarket accessories. Accessories include additional features such as mobile data connectivity for laptops and navigation systems. The growing trend of installing aftermarket accessories in vehicles is expected to drive the demand for VDS over the forecast period.
The use of VDS has been increasing across various applications including commercial vehicles, heavy trucks/ buses/ coaches (HVBS), light commercial vehicles (LCV) and passenger cars (PC). In passenger cars, they are used to power electric windows and sunroof functions along with other lighting requirements such as hazard lights and turn indicators.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising demand for vehicle power distribution systems from OEMs and aftermarket in countries such as China, India, Japan, and South Korea. Increasing number of manufacturing facilities in these countries coupled with growing urbanization has led to an increase in per capita income which is expected to drive overall automotive sales over the next eight years. This will result in increased demand for vehicles thereby driving VPS market growth across this region.
Europe accounted for a significant share of global revenue owing to high demand from major markets including Germany and France on account of stringent government regulations regarding vehicular emissions coupled with increasing emphasis on fuel economy & performance cars equipped with advanced safety features are likely drive overall industry trends across this region.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising concerns over environmental pollution and global warming
- Government initiatives to promote the use of electric vehicles
- Technological advancements in vehicle power distribution systems
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Power Distribution System Market Research Report
By Type
Hardwired Vehicle Power Distribution System, Configurable Vehicle Power Distribution System
By Application
OEM, Aftermarket
By Companies
TE Connectivity, Horiba, Sumitomo Electric, Furukawa, Eaton, Draxlmaier, MTA, Littelfuse Lear, Leoni, Mersen, Minda, Schurter, Yazaki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Power Distribution System Market Report Segments:
The global Vehicle Power Distribution System market is segmented on the basis of:
Types
Hardwired Vehicle Power Distribution System, Configurable Vehicle Power Distribution System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TE Connectivity
- Horiba
- Sumitomo Electric
- Furukawa
- Eaton
- Draxlmaier
- MTA
- Littelfuse Lear
- Leoni
- Mersen
- Minda
- Schurter
- Yazaki
Highlights of The Vehicle Power Distribution System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardwired Vehicle Power Distribution System
- Configurable Vehicle Power Distribution System
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Power Distribution System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vehicle power distribution system (VPS) is a system that distributes electrical power to the various systems in a car. This includes the engine, transmission, braking, and steering systems.
Some of the key players operating in the vehicle power distribution system market are TE Connectivity, Horiba, Sumitomo Electric, Furukawa, Eaton, Draxlmaier, MTA, Littelfuse Lear, Leoni, Mersen, Minda, Schurter, Yazaki.
The vehicle power distribution system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Power Distribution System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Power Distribution System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Power Distribution System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Power Distribution System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Power Distribution System Market Size & Forecast, 2020-2028
4.5.1 Vehicle Power Distribution System Market Size and Y-o-Y Growth
4.5.2 Vehicle Power Distribution System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardwired Vehicle Power Distribution System
5.2.2 Configurable Vehicle Power Distribution System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Power Distribution System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Power Distribution System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardwired Vehicle Power Distribution System
9.6.2 Configurable Vehicle Power Distribution System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardwired Vehicle Power Distribution System
10.6.2 Configurable Vehicle Power Distribution System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardwired Vehicle Power Distribution System
11.6.2 Configurable Vehicle Power Distribution System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardwired Vehicle Power Distribution System
12.6.2 Configurable Vehicle Power Distribution System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardwired Vehicle Power Distribution System
13.6.2 Configurable Vehicle Power Distribution System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Power Distribution System Market: Competitive Dashboard
14.2 Global Vehicle Power Distribution System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 Horiba
14.3.3 Sumitomo Electric
14.3.4 Furukawa
14.3.5 Eaton
14.3.6 Draxlmaier
14.3.7 MTA
14.3.8 Littelfuse Lear
14.3.9 Leoni
14.3.10 Mersen
14.3.11 Minda
14.3.12 Schurter
14.3.13 Yazaki
