Automotive Electronics Market Global Analysis & Forecast To 2023 Research Report
Posted by Rishikesh Kurane on October 22nd, 2019
The detailed report published by Market Research Future (MRFR) projects that the global automotive electronics market is marked to exhibit notable expansion at a CAGR of 6.56% during the assessment period of 2018-2023. Rise in demand for advanced electronics in passenger as well as commercial vehicles to assist the drivers for performing various functions that are vital for safe driving experience is majorly propelling the growth of the global automotive electronics market. Increased vehicle manufacturing in order to fulfill the rapidly increasing global demand for technologically advanced vehicles and rise in popularity of infotainment and entertainment systems in passenger vehicles are contributing to the growth of the global automotive electronics market. Rapid increase in the incidences of road accidents is inducing high demand for advanced automotive electronics that include sensors, head-up displays, and others, which in turn is leading to the expansion of the global automotive electronics market.
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The automotive electronics market is segmented by sales channel, type, and application.
By sales channel, it is segmented into aftermarket and original equipment manufacturer (OEM).
By type, it is segmented into advanced driver assistance systems, powertrain, safety systems, body electronics, entertainment, and others.
By application, it is segmented into two wheeler, electric vehicle, heavy commercial vehicle, light commercial vehicle, and passenger cars.
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are regions taken into consideration in the automotive electronics market.
The North America region is expected to lead the market followed by APAC. High demand for electric vehicles combined with the latest infotainment systems can widen the scope of the automotive electronics market in the region. Government policies outlining driver and passenger safety can spur market demand.
The European automotive electronics market is driven by incorporation of machine learning and artificial intelligence in commercial and passenger vehicles. High production of electric vehicles combined with renewable energy targets of countries outlining emission guidelines can push the potential for growth.
The APAC region is set to exhibit an explosive growth rate owing to changing lifestyle of consumers and high expendable income levels. Lack of manufacturers in the region makes the region ripe for investment by private players. Investments by the automotive sector in India, Japan, and China can further the market growth till 2023.
Vendors include Denso Corporation, Koninklijke Philips N.V., Atotech, ZF Friedrichshafen AG, Delta Electronics, Inc., HGM Automotive Electronics, OMRON Corporation, Robert Bosch GmbH, Infineon Technologies AG, and Hitachi, Ltd. The players are indulging in product launches, mergers & acquisitions, and partnerships to sustain their position in the intense market.
In 2019, Telechips partnered with Imagination Technologies for virtualizing the hardware which normally occupy space in cars. The PowerVR system architecture, a proprietary system devised by Imagination can ensure reliability and quality of service of all components which need to be powered by the GPU.
C&K, a prominent manufacturer of switches, has launched its latest offering, KSC XA, which has primary use in automotive interior and opening applications.
Get Full Report Details of Automotive Electronics Market @ https://www.marketresearchfuture.com/reports/automotive-electronics-market-4191
Table of Contents
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Automotive Electronics Market, By Type
6 Global Automotive Electronics Market, By Sales Channel
7 Global Automotive Electronics Market, By Application
8 Global Automotive Electronics Market, By Region
9 Competitive Landscape
10 Company Profile
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About the AuthorRishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128
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