Press release
Global Automotive Safety Electronics Market is Expected to Reach US$ 40 billion by 2023
ReportsnReports.com adds "Automotive Safety Electronics Market - Global Outlook and Forecast 2018-2023" report to its research store.This market research report on the global automotive safety electronics market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (systems and sensors), by vehicle type (economy cars, luxury cars, and mid-priced cars), and by geography (APAC, Europe, North America, Latin America, and MEA).
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Automotive Safety Electronics Market - Overview
The increasing proliferation of automotive electronics that enable centralized control and seamless exchange of data and information between various systems is augmenting the growth of the global automotive safety electronics market. The launch of systems that are designed to enhance user experience and convenience will revolutionize the automotive industry in the global market. The growing demand for connected cars with the growing integration of smartphones and electronic devices will transform the global market.
The adoption of advanced features such as telematics, ADAS solutions, digital clusters, and high-end infotainment systems is boosting the demand in the global market. Some of the prominent vendors are developing a new cost-efficient 3D surround view system designed for economy and mid-priced vehicles to attract a wider group of consumers and gain a larger global market share.
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Automotive Safety Electronics Market - Dynamics
The growing focus on the electrification of automotive mechanics will lead to the evolution of the global automotive safety electronics market. The increase in government regulations to reduce vehicle emissions and curb environmental pollution is promoting electrification of vehicles in the global market. The top manufacturers are investing in technologies to reduce the weight of vehicles and integrating efficient functioning systems leading to higher fuel efficiency and reducing tailpipe emission. The OEMs are leveraging electronic controls to activated functions such as the braking system, steering control, and throttle control in vehicles launched in the global market.
Key Vendor Analysis
The global automotive safety electronics market is moderately fragmented, with the top players controlling over 40% of the total market share. The increasing focus on technological development and expansion of product portfolios will intensify the competition in the global market. The increasing threat of infiltration with low-quality products will result in intensified price wars among companies in the global market. The OEMs are competing on the basis of quality, technology, and price in the market. The vendors are expanding their businesses and distribution networks to emerging countries in APAC to sustain the intense competition in the global automotive safety electronics market.
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The major vendors in the global market are:
• Autoliv
• Bosch
• Continental AG
• Denso
• ZF
Other prominent vendors include ADVICS, Aisin Seiki, Aptiv (Delphi Automotive), Gentex, HARMAN, Hella, Hitachi, Hyundai Mobis, Infineon Technologies, Magna International, Mando (Halla Group), Mobileye (Intel), Nidec Elesys, NVIDIA Corporation, NXP Semiconductor, Omnivision, Panasonic, QNX, Renesas Electronics, Texas Instrument, TKJP (Takata), Tokai Rika, Toshiba, Valeo, Velodyne LiDAR, and WABCO.
Key market insights include
1. The analysis of global automotive safety electronics market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global automotive safety electronics market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global automotive safety electronics market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
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