Automotive Electronics Market Is Booming Worldwide - Lear Corporation, Panasonic, Texas Instruments, Infineon Technologies, Faurecia, Broadcom Inc, Altera, Magna International, Valeo, Continental
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In the automotive electronics market, powertrain applications are gaining high popularity across all regions due to the development of efficient fuel and energy consumption systems. Automotive electronic system manufacturers are concentrating on providing systems that will improve engine control and transmission drivetrains to address the OEM requirements. Furthermore, the powertrain applications are highly in demand due to high production and consumption of battery & electric vehicles. The powertrain system manufacturers are developing application-specific products and focusing on the incorporation of innovative techniques, further enhancing the vehicle performance. The need for low & zero emissions causing vehicles to control increased environmental pollution will result in the reconstruction of powertrain systems with natural gas, liquid air, and low fuel capabilities, adding to the automotive electronics market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aisin Seiki Co. Ltd.
2. Altera Corporation
3. Atmel Corporation
4. Autoliv Inc.
5. Bosch Group
6. Broadcom, Inc.
7. Continental AG
8. Delphi Technologies
9. Denso Corporation
11. Hitachi Automotive Systems, Ltd.
12. Hyundai Mobis
13. Infineon Technologies
14. Lear Corporation
15. Magna International Inc.
16. Panasonic Corporation
17. Texas Instruments Incorporated
19. Voxx International Corporation
20. ZF Friedrichshafen AG
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In the automotive electronics market, commercial vehicles are gaining a high traction owing to technical advancements in vehicle lighting & engine management systems. Commercial vehicles developed for the transportation and logistics industry require high-capacity engine systems. Leading automotive electronics market players such as Bosch Group, Continental AG, etc., have developed specific high-capacity compatible systems for commercial vehicles. For instance, in September 2017, Bosch Group announced the development of powertrain eAxle solution for commercial vehicles in partnership with Nikola Motor Company. Additionally, commercial vehicles are implementing efficient night vision and monitoring systems that aid drivers in night driving and unfavorable driving conditions.
The Europe automotive electronics market is predicted to witness a high growth over the forecast timespan due to the increasing manufacturing of luxury & passenger cars by the leading OEMs. Due to the implementation of high-end systems in these vehicles, the countries including Germany, Italy, UK, etc., are witnessing a high demand for automotive electronics. The regional automakers are focusing on providing efficient mobility such as connected vehicles, driving assistance, and infotainment systems. Additionally, increasing regulatory policies from the European Commission are supporting the expansion of the regional automobile industry, contributing to automotive electronics market growth.
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Prominent players present in the automotive electronics market comprise Bosch Group, Magna International, Continental AG, Hyundai Mobis, Hitachi Automotive Systems, Delphi Automotive, Lear Corporation, ZF Friedrichshafen AG, Texas Instruments, Faurecia, etc.
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