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.
Browse full research report on Automotive Electronics Market: https://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: https://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
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.
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