Press release
Automotive Electronics Market Analysis, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts to 2024
Automotive Electronics
Automotive Electronics Market size is set to exceed USD 16 billion by 2024; according to a new research report by Market Study Report, Inc.
Shifting consumer preference towards vehicles with safety equipment including map-supported front lighting, collision warning, and speed alert will drive automotive electronics demand. Benefits including low speed collision avoidance system, emergency call system and alcohol ignition interlocks will fuel product penetration.
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Key Manufacture Covers in this report:
Bosch Group, Continental AG, Denso, Delphi, Dow Corning, Hitachi and Panasonic
Continued penetration of advanced technology into nearly all the automobile main systems is expected to drive the industry growth. For instance, in Europe more than 40% of the on-board devices in the entire car is based on electronic and the percentage is likely to rise with the improvement in existing regulations & norms governing the automotive electrical components market.
In addition, the U.S. New Car Assessment Program (NCAP) has mandated lane departure warning systems and emergency braking systems to guarantee a five-star rating for passenger cars. This will propel the automobile microelectronics demand.
Scope of Report:
North America automotive electronics market is anticipated to witness an increase in overall growth of 8.5% up to 2024. Safety systems and powertrain are among the major contributing applications. Increasing technological development coupled with growing concern over safety and security in vehicles has positively influenced demand.
Asia Pacific generated over USD 90 billion in 2016, shift of automobile electrical component manufacturer production unit to Asia owing to the availability of lesser cost equipment and labor. Need to meet international regulatory standards in order to promote export will facilitate industry growth.
Automotive Electronics market by product
ADAS
Body electronics
Entertainment
Powertrain
Safety systems
Access of Full Report @ https://www.marketstudyreport.com/reports/automotive-electronics-market/?utm_source=emp&utm_medium=DC
What Information does this report contain?
What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
More Report At: https://empowerednews.net/author/gminsights/
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https://www.marketstudyreport.com/reports/2018-global-emv-pos-terminals-industry-report-history-present-and-future/?utm_source=RR&utm_medium=DC
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