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Automotive Electronics Market Is Booming Worldwide - Lear Corporation, Panasonic, Texas Instruments, Infineon Technologies, Faurecia, Broadcom Inc, Altera, Magna International, Valeo, Continental

04-04-2019 07:03 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Automotive Industry
Automotive Electronics Market Is Booming Worldwide - Lear

Automotive Electronics Market is expected to reach over USD 400 billion by 2024. The innovations in vehicle architectures and systems that enable a high-end driving experience in OEMs will drive the automotive electronics market growth. These strategies include the implementation of luxury & comfort features, ADAS solutions, and support to the sustainable development initiatives across all industry verticals. To address such requirements, OEMs require efficient electronic systems, further creating a demand for products such as powertrain, infotainment, etc., in the automotive electronics market.

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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
10. Faurecia
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
18. VALEO
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.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-electronics-market

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.

About Global Market Insights:

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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