April 4, 2020
Automotive Electronics Market

Automotive Electronics Market Is Projected To Generate a Revenue of US$ 515.02 Bn by 2027

According to a new market report published by Credence Research, Inc, the global automotive electronics market is projected to generate revenue of US$ 515.02 billion by 2027, increasing to 6.98 per cent of CAGR during the forecast period from 2019 to 2027.

Product Insights

Automotive electronics systems are incorporated into vehicles to improve overall vehicle performance by optimizing fuel consumption, ignition time, inlet-exhaust valve timing and idle speed, among others. These systems also apply in the areas of driver assistance, passenger comfort, safety and infotainment. Increased demand for automatic systems in vehicles for optimum performance and improved passenger and driver safety are key factors driving the automotive electronics market. Similarly, government initiatives to implement global safety standards and standards, along with increasing penetration of electric and hybrid electric vehicles, are likely to increase the automotive electronics market growth throughout the forecast period.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/automotive-electronics-market

The application-based global automotive electronics market was dominated by the 2018 powertrain segment. Rapid transition in conventional powertrain systems is due to the need for advanced energy-efficient systems. The growth of the segment is mainly accredited to the CO2 emission regulations for the automotive industry. The increasing number of norms and regulations has significantly increased the awareness among car manufacturers of lower emission products. This, in turn, led OEMs to develop more fuel-efficient vehicles by employing advanced powertrains and engines. On the basis of geography, Asia Pacific also led the automotive electronics market in 2018. Managment bodies across the region are implementing various schemes and policies that benefit the growth of the automotive electronics market in Asia-Pacific. For example, the Government of India (FAME-India) has launched a scheme that provides incentives for the production of electric and hybrid vehicles and the development of electrical transport infrastructure.

Competitive Insights:

Major players in the automotive electronics market include Robert Bosch GmbH, Continental Corporation, Samsung Group, ZF Friedrichshafen AG, Autoliv, Inc., Denso Corporation, Delphi Technologies, Panasonic Corporation, Magna Infotech, General Electric, Materialise NV, Qualcomm Inc., NXP Semiconductors N.V. and Lisnr, Inc. among others. To sustain, succeed and grow in competitive market, automotive electronics system manufacturers are adopting various strategies. Development of technologically advanced products, mergers and acquisitions, joint ventures and partnership are among the major strategies preferred by key players to have an edge over competitors.

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Report Scope by Segments

By Vehicle Class Segment

  • Light Commercial Vehicles
  • Passengers Vehicles
  • Heavy Commercial Vehicles

By Component Segment

  • Electronic Control Unit (ECU)
  • Sensors
  • Current Carrying Devices

By Application Segment

  • Advanced Driver-Assistance Systems (ADAS)
  • Infotainment
  • Body Electronics
  • Safety Systems
  • Powertrain

By Sales Channel Segment

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59713

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