Thu, 13 Aug 2020

Summary

Global Automotive Electronics Market Research Report: Information by Type (ADAS, Body Electronics, Entertainment, Powertrain, Safety Systems, Others), Sales (OEM and Aftermarket), Application (PV, LCV, HCV, EV, 2-wheeler) and Region - Forecast till 2023

Market Overview

Electronics used in automobiles to perform various functions like power windows, lighting, infotainment, and others are known as automotive electronics. The rising demand for advanced technologies in luxury cars is boosting the demands for this technology. The companies have come up with the internet of things (IoT), and artificial intelligence (AI) empowered systems, which increase user comfort and get a good response from around the world. The automotive industry is developing at lightning speeds globally, which has provided significant growth to this market.

The rise in demand for better safety features and efficient vehicles has further boosted this market and is driving it at a faster pace. The demand for autonomous vehicles is also thriving, increasing the demand for smart automotive electronics and driving the market towards stable future stances. For developing next-generation technologies, the companies are investing in research & development programs that have opened the new gates for this market.

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Apart from its uses and features, the global automotive electronics market is facing severe challenges against the high overall costs and introduction of regulations for enhancing road safety, which has considerably contained the market growth. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global automotive electronics market. The global market is anticipated to register approximately a 08 % annual growth during this period.

Key Players

OMRON Corporation (Japan), Robert Bosch GmbH (Germany), HGM Automotive Electronics (U.S.), Infineon Technologies AG (Germany), Delta Electronics, Inc. (Taiwan)., Hitachi, Ltd. (Japan), ZF Friedrichshafen AG (U.S.), Atotech (Germany), Koninklijke Philips N.V. (Netherlands), and Denso Corporation (Japan) are major players of the global automotive electronics market. In- depth understanding of the competitive landscape of the market aids in designing strategic growth plan, which is likely to bolster the market to expand.

Market Division

The global automotive electronics market is segmented into classes as follows:

The global automotive electronics market is segmented by processors, sensors, controllers, and others based on the types of components.

The global automotive electronics market is characterized by passenger vehicles, electric vehicles, commercial vehicles, and others based on vehicle types.

Based on applications, the global automotive electronics market is segmented into the safety system, infotainment, power train, and others.

Based on the supply medium, the global automotive electronics industry is segmented into original equipment manufacturers (OEMs) and aftermarket.

Regional Classification

The automotive electronics market has gained global adoption due to the rapid expansion of automotive industry, an increase in demands for vehicles equipped with new technologies, and better alternates. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global automotive electronics market. The North American region is leading the market due to rapidly expanding automotive industry, demands for better technologies, rise in per capita incomes, rapid urbanization, and other factors. The Asia Pacific region is following the leader and is moving forward at high speeds with the rapidly developing economies like China, India, and Japan, among the major contributors to this market, and will provide endless opportunities in the future.

Industry News

The global automotive electronics market is accelerating as the demands for advanced technologies increases, and the automotive industry expands to global levels. Infotainment systems and enhanced safety features are among the major contributors to this market currently. The global market is led by the North American region and will stay at the top during this tenure.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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