San Francisco, 17 October 2018 , The
global Automotive Electronics Market is
expected to reach USD 279.96 billion by 2020, according to a new study by Grand
View Research, Inc. Growing demand for advanced driver assistance systems and
premium audio systems are some of factors expected to drive the automotive
electronics market through the forecast period. Continuous growth in the number
of electronics components used by automotive manufacturers has spotlighted new
opportunities for suppliers. Emergency call systems, alcohol ignition
interlocks and accident recorder systems are various technologies that are
expected to spur market growth through the forecast period.
High level
of complexity and lack of awareness about the overall understanding of the subsystems
may curb market growth. Various complexities include tolerance stackup,
mechatronic interaction and harsh operating environment. In order to meet the
rising complexity issues, OEMs are focusing on product innovation such as
reducing weight, and decreasing number of modular platforms. Additionally,
increasing trend towards in-vehicle infotainment is expected to yield
opportunities for the automotive electronics market.
Full Research Report On Automotive Electronics Market Analysis:
www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
Further key findings from the study suggest:
·
Increased penetration towards electric
vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive
electronics component demand. This is attributed to reduced product cost
associated with emission controls and enhanced lithium-ion battery cooling
capabilities.
·
Application segments include body
electronics, powertrain, ADAS, safety and infotainment. ADAS is expected to
exhibit high growth over the next six years. This growth is attributable to
stringent safety regulations leading to the large-scale adoption of active
safety systems in modern cars.
·
Proliferation of in-car infotainment
systems owing to eco-efficiency, security and comfort factors is also estimated
to positively impact automotive electronics market growth. Demand for in-car
data storage to support sophisticated in-car features is expected to be the key
growth driver for the infotainment systems.
·
North America was the largest regional
market in 2013. Asia Pacific is expected to witness high growth due to rising
need for reduced production cost, customized vehicle features, meet stringent
standards and increase product quality. Countries such as China and India are
expected to favorably impact regional market growth.
·
Notable companies operating in the market
include Continental AG, Bosch, Delphi, Denso, Autoliv, TRW Automotive and
Johnson Controls. Key growth strategies employed include building technology
partnerships with other participants in the ecosystem.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global automotive electronics market on the basis of application and region:
Automotive
Electronics Application Outlook (Revenue, USD Billion, 2012 – 2020)
·
ADAS
·
Body Electronics
·
Infotainment
·
Powertrain
·
Safety Systems
Automotive
Electronics Regional Outlook (Revenue, USD Billion, 2012 – 2020)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
RoW
o
Brazil
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-automotive-electronics-industry
www.grandviewresearch.com/press-release/global-automotive-electronics-industry
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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