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The future of the global automotive junction box market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive junction box market is expected to grow with a CAGR of 9%-11% from 2021 to 2026. The major drivers for this market are penetration of hybrid and electric powertrains, increasing electronic applications in vehicles, and resettable poly switch devices.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of wireless technologies and a strong demand for high voltage wiring harness for electric and hybrid vehicles.
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