Automotive Electronics Market Global Research Report 2019 Analysis & Forecast to 2023

11/set/2019 09:55:57 Rishikesh Kurane Contatta l'autore

Automotive Electronics Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Automotive Electronics Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.

Automotive electronics comprise devices or equipment capable of enhancing the performance of cars. Some of them are carputers, telematics, in-car entertainment systems, and radio. Similar systems are being used in hybrid and electric vehicles. The global automotive electronics market is predicted to expand at 6.56% CAGR from 2018 to 2023 (forecast period), according to Market Research Future (MRFR).

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Market Prospects

The global automotive electronics market is expected a massive surge in growth due to demand for infotainment and advanced electronic systems. Need for systems which can provide a safe and comfortable driving experience is likely to culminate in high market demand. This is buttressed by the spike in production rate of commercial and passenger vehicles which can induce the need for electronic systems.

Innovation in terms of device design and functionality has led to massive changes in the market. The transition to autonomy has led to the development of software applications which can work on the basis of haptic switches or interfaces. In 2016, Nanyang Technological University and Volvo partnered for testing the very first self-driving electric bus. The bus is integrated with light detection and ranging (LiDAR) sensors, stereovision cameras, and global positioning system (GPS) antennas for getting a better perspective of the surroundings.

Guidelines mandating the integration of advanced features such as lane departure warning (LDW) and automatic emergency braking (AEB) in Europe and China can push the market demand to new heights. But concerns of protection of electronic systems and safety of passengers and drivers can pose a challenge to the market.

Segmentation

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.

Regional Analysis

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. 

Competitive Landscape

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.

Industry News

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 

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