Press release
Global Automotive Electronics Market 2018 Analysis - Continental, Delphi, Denso, Dow Corning, Infineon Technologies, Panasonic, Wipro
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Entertainment application sector is anticipated to generate over USD 80 billion business by 2024. Increase in consumer spending on entertainment systems including MP3 players, rear set entertainment, navigational services, satellite radios and several communication functions will contribute the automotive electronics market growth.
Industry Growth drivers:
1 North America
1.1 Regular innovations resulting in rising investments
2 Europe
2.1 Favorable government norms
3 Asia Pacific
3.1 Increasing penetration of electric and hybrid vehicles
4 Latin America
4.1 Recovering economy supporting automotive industry
5 MEA
5.1 Increased demand for high-end vehicles
Growing automotive electronics adoption to deliver safe & security features including emergency call systems, vehicle data recorder systems and alcohol ignition interlocks systems are anticipated to fuel industry growth. As per EU assessment, more than 40% of the on-board mechanisms in the complete car is based on electronic and the percentage is likely to rise with the development in existing protocols governing the automotive electronics market.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Altera Corporation, American Axle & Manufacturing Inc. (AAM), Atmel Corporation, Voxx International Corporation, Broadcom Limited, Bosch Group, Continental AG, Delphi Automotive, Denso Corporation, Dow Corning, Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Panasonic, Texas Instruments, Wipro, ZF Friedrichshafen AG.
Automotive Electronics Market, By Application
• ADAS
• Body electronics
• Entertainment
• Powertrain
• Safety systems
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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-electronics-market
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 size.
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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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