Key Insights of Future Prospects of Automotive Electronics Market During 2016-2026
Automotive Electronics Market: Drivers and Challenges
Increasing safety concerns leading to advanced safety systems is primarily expected to drive the global automotive electronics market. Moreover, powertrains, wheels, parking assistance, and electrical suspensions are the major application areas most likely to spur the growth of the global automotive electronics market. Also, increasing environmental sustainability plus rising demand of cutting edge infotainment systems will increase the demand for complex electronics systems thereby driving the global automotive electronics market. Protection of complex electronic systems from damaging electrical hazards and stringent government regulation regarding vehicle safety are some of the major challenges facing designers in the automotive electronics industry.
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Automotive Electronics Market: Segmentation
Global Automotive Electronics market can segmented by application, by vehicle type and by geography.
Based on application the global automotive electronics market can be segmented into:
Advanced Driver Assistance Systems (ADAS)
Development in signal processing algorithms and sensor technology has laid the foundation for a rapid growth of the ADAS market. ADAS segment is expected to be the fastest growing segment over the forecast period primarily due to increased safety standards.
The global automotive electronics market can be segment by vehicle type:
Light Commercial Vehicles
Heavy Commercial Vehicles
By Geography, global automotive electronics market can be segmented into:
Asia Pacific Excluding Japan (APEJ)
Middle East and Africa (MEA)
Automotive Electronics Market: Overview
By region the automotive electronics market is segmented into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. The global automotive electronics market is expected to grow with significant rate over the forecast period. Developed economies such as U.S. and U.K. is anticipated to play major role in first half of forecast period while during the second half of the forecast period emerging economies such as India, China and Brazil is forecast to surge the demand for automotive electronics
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Automotive Electronics Market: Key Players
Some of the major players identified across the global automotive electronics market includes OMRON Corporation, Robert Bosch GmbH, Infineon Technologies AG, HGM Automotive Electronics, Hitachi, Ltd., Delta Electronics, Inc., Atotech Deutschland GmbH and ZF TRW. Major players in automotive electronics systems are partnering with OEM’s. Key players across the value chain are focusing primarily towards miniaturization, lightweight materials, electrification and intelligence, thus considering automotive electronics as a key factor of competing through differentiation.
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