Automotive Embedded Systems Market 2018 Key Players: Global Key Company Bosch, Continental, Panasonic, Texas Instruments, Mitsubishi, and DENSO Forecast To 2023

Automotive Embedded Systems Market 2018 - Global Industry Analysis With forecast to 2023, research report published by "Market Research Future", Automotive Embedded Systems Market shows rapid growth for the forecast period of 2018 to 2023. Global Automotive Embedded Systems Market is segmented by components (Sensors, MCU, Transceivers, and Memory Devices), Application (infotainment & Telematics, Body Electronics, and Safety & Security), and by Regions.

Automotive Embedded Systems Market Key Players Analyzed In This Report Are:

Robert Bosch (Germany), Continental AG (Germany), Panasonic (Japan), Texas Instruments (U.S.), Mitsubishi Electric (Japan), and DENSO (Japan). In 2016, these companies accounted for a share of the global market.

Get Sample Copy of Report At: https://www.marketresearchfuture.com/sample_request/5414

Market Highlights

The global embedded System for electric vehicle market has witnessed significant growth in recent past. Rapidly rising popularity of electric vehicles among consumers has significantly contributed growth of the embedded system for Electric Vehicle market. Increasing awareness among individuals regarding the depleting state of the environment, combined with the substantial advantages of electric vehicles over traditional fuel based vehicles, is expected to further fuel the demand for electric vehicles. This leads to increasing demand for embedded system for electric vehicles. With OEMs focusing on connected electric vehicle solutions for customers with electric vehicles range anxiety, the market for embedded system for electric vehicles is poised for rapid growth in the near future. Additionally, with the rise in income levels among individuals, there exists an increase in the incidences of customization in vehicles. Such trends in the market are expected to positively influence the growth of the embedded system for automotive market.

High initial cost associated with electric vehicles batteries, is expected to act as a major hurdle for the embedded system for electric vehicle market. Although the electric vehicle battery prices have been declining at a steady pace, the batteries still constitute a major chunk of the electric vehicles price, thus alienating a significant customer base.

Addition to these above factors, the government of various countries have also taken initiatives to increase the sales of electric vehicles. In countries such as India, Singapore, Indonesia, and Brazil, the governments have planned to invest more and welcome several electric vehicles manufacturers to set up manufacturing plants. Companies such as Tesla Motors, Hyundai, Mahindra & Mahindra, and Tata Motors are leading the race to roll out electric vehicles soon. Apparently, the other developing countries have also taken the same initiatives to boost the production of electric vehicles.  Additionally, with the rise in income levels among individuals, the incidences of customization of vehicles, have been increasing. Such trends in the market are expected to power the growth of the embedded system for automotive market.

Market Research Analysis:

This market for embedded system for electric vehicle has seen substantial growth over the past few years and it has been observed that the market will remain on the same growth level during the forecast period. Among the regions covered, Asia Pacific has accounted the largest market, followed by Europe and North America. Major factors that have driven the electric vehicles market are the rapidly increasing sales of electric vehicles, supported by government initiatives and increasing fuel prices raising the demand of electric vehicles. The embedded system for electric vehicle market is currently flourishing in North America.  The massive outlay in the development of electric vehicle infrastructure in the form of recharge stations and other policies, are expected to drive the market for embedded system for electric vehicles in this region. In North America, the sales of electric car have doubled since 2014, which clearly implies that the demand for embedded system for electric vehicles have been rising at a rapid pace. Over the past few years, the sales of electric vehicles have doubled in the U.S., which means the market will generate ample revenue. The major factors that have driven the U.S. market are rising demand for electric cars, government initiatives and high disposable income. Europe is one of the most promising regions in the electric vehicles market. This market has achieved an ample scope due to the presence of profitable countries such as Germany, UK, France, and Norway.

The global embedded system for electric vehicle market has been segmented on the on the basis of components the market has been segmented as Sensors, MCU, Transceivers, and Memory Devices. On the basis of application the market has been segmented as infotainment & Telematics, Body Electronics, and Safety & Security.  On the basis of region the market for Embedded System for Electric Vehicle has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.

A major challenge for the electric vehicles industry is the underdeveloped aftermarket services, which can be used by the end-users for product support, warranties, contracts, and parts procurements. Although the list of electric vehicle manufacturers is not long and the evolutions of electric vehicles is a slow process, sales of electric vehicles are increasing at a rapid pace. Developed nations such as US, China, Germany, UK, France, and Japan are the major users of electric vehicles, and also in developing nations, the demand for electric vehicles is rising. Considering all these factors, the availability of aftermarket services for electric vehicles and its components, is still lower than the availability of OEMs. Thus, the prices of OEMs tend to be much higher than that of the aftermarket services. Therefore, the buying preferences of electric vehicles might fluctuate, thus hindering the growth of embedded system for electric vehicles. Hence, it would be a challenge for market growth.   

Scope of the Report

This study provides an overview of the global Automotive Embedded Systems market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Embedded Systems market by its product and region.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued...

Browse Complete Report At: https://www.marketresearchfuture.com/reports/embedded-system-electric-vehicle-market-5414

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

This release was published on openPR.