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.
Global automotive electronics market by application, 2012 – 2020 |
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 Global Automotive Electronics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
Further
key findings from the report 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.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/automotive-and-transportation
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
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- RoW
- Brazil
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-automotive-electronics-industry
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
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