Automotive Electronics market Global Analysis of Key Player - Bosch Group, Continental AG, Denso, Delphi, Dow Corning, Hitachi and Panasonic

This Automotive Electronics market report provides 2024 forecasts built using statistical analysis while covering data from primary research as well as secondary sources that help gain market insights and provide industry growth expectations.

Global Automotive Electronics Market is estimated to exceed USD 390 billion by 2024; Global automotive electronics market has witnessed unparalleled growth over the last two decades, owing to the constantly evolving technologies that have enabled the integration of advanced electronic components within automobiles. Increase in purchasing power of the working class has further propelled the automobile manufacturing industry, encouraging the influx of connected systems and cutting-edge technologies, like the Advanced Driver Assistance System (ADAS)

Report Mainly focuses on the top Manufacturers in global market are given bellow

Bosch Group, Continental AG, Denso, Delphi, Dow Corning, Hitachi and Panasonic

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ADAS are designed to assist in driving the vehicles and have the potential to substantially increase the car and overall road safety with an efficient human-machine interface. ADAS technologies, including video, infrared, radars and ultrasonic are being offered by OEMs and aftermarket players increasingly to help drivers assess situations accurately.

ADAS sensors have the ability to discern road conditions, blind spots, possibility of collision, in addition to providing lane-keeping assistance (LKA). LKA and automatic emergency breaking (AEB) are rather significant and most common ADAS features that use an array of sensors or even camera-based detection to ensure vehicle safety.

Developments in sensory and integrated-chip technologies have provided opportunities for automakers and electronic component manufacturers to introduce innovative ADAS systems, boosting the earning potential for the automotive electronics market. Initiatives taken by governments in developed countries have also stimulated the installation of ADAS in modern automobiles. For instance, a report pertaining to ADAS norms confirmed that in Europe, any new vehicle model launched from 2018 will need to feature AEB, LKA as well as Road Edge detection within the base prices in order to receive 4 to 5-star safety rating.

The Automotive Electronics Market Report gives a clear picture of the current situation of the market which covers global industry analysis, size, share, growth, trends, key statistics and forecast Till 2024. The report on global Automotive Electronics market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).

By Application

• ADAS
• Body Electronics
• Entertainment
• Powertrain
• Safety Systems

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.

ADAS will be worth over USD 60 billion by 2024. Strict safety norms are among the major contributing factor for ADAS penetration in cars' active security systems. Assured road safety along with offering comfort driving will facilitate demand.

Preventive actions undertaken by various countries to curb fatalities will provide significant opportunities for the industry players. However, absence of effective supply agreement between several OEM and subsystems manufacturer may impact automotive electronics market price trend.

Increase in consumer spending on entertainment systems in vehicles including satellite radios, MP3 players and rear set entertainment system will fuel product demand. Surge in disposable income has boosted the growth for high-end and luxury car sectors, thereby contributing to the automobile electrical components market .

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The above information is provided on a regional and country basis for the following:

• North America (U.S., Canada)
o Europe (Germany, UK, France, Italy, Russia, Czech Republic, Poland, Slovakia, Spain, Turkey)
o Asia Pacific (China, India, Japan, South Korea, Thailand, Australia, Malaysia, Philippines, Taiwan, Vietnam, Indonesia)
o Latin America (Brazil, Mexico, Argentina)
o MEA (Iran, South Africa, Egypt)

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.

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