The global automotiveelectronics 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.
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Grand View Research :http://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: http://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
View Press Release of this research
report by Grand View Research: http://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
