Press release
Automotive Safety Electronics Market worth $40 Billion by 2023
Request for your free sample copy of this automotive safety electronics market report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1730961.
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).
The major vendors in the global automotive safety electronics market are:
1. Autoliv
2. Bosch
3. Continental AG
4. Denso
5. ZF
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.
The innovations in the field of safety systems, infotainment, electrification of engine mechanism, and propulsion technologies will create new investment opportunities for OEMs operating in the global market. The growing applications for semiconductors across hybrid and electric vehicle segments will have a positive impact on the overall development of the global automotive safety electronics market.
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The global automotive safety electronics market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. Europe dominated the majority of the market share in 2017, growing at a CAGR more than 12% during the forecast period. The high investment in R&D and the implementation of stringent regulations are driving the growth of the European region in the global market. The growing demand for electric vehicles in countries such as Germany, UK, and France will boost revenues in Europe over the next few years.
The stringent norms imposed by the European Commission and car assessment programs such as Europe New Car Assessment Program (Euro NCAP), mandating the installation of driver assistance and collision avoidance systems will transform the global automotive safety electronics market. Advancement in technology and growing demand for German-made luxury cars will help in propelling the growth of the European region in the global market during the forecast period.
The key countries profiled in the report are: Germany, China, Japan, South Korea, US & Brazil
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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.
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.
Access Full This Report with Table of Contents: https://www.reportsnreports.com/reports/1730961-automotive-safety-electronics-market-global-outlook-and-forecast-2018-2023.html
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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