openPR Logo
Press release

What’s driving the Automotive Electronics Market, Industry Growth? Lear Corporation, Panasonic, Texas Instruments, Infineon Technologies, Faurecia, Broadcom Inc, Altera, Magna International, Valeo, Continental

What’s driving the Automotive Electronics Market, Industry

Automotive Electronics Market size is set to exceed USD 400 billion by 2024. The development of intelligent vehicle technologies owing to the need for advanced safety & comfort parameters drives the automotive electronics market growth. These enhanced vehicular systems consist of several electronic components including smart sensors, powerful ECUs, mechatronic parts, etc., further generating a demand for automobile electronics. OEMs across the globe are focusing on developing advanced driving assistance and powertrain solutions to address road safety & fuel consumption requirements.

Get Sample Copy of This Report @ www.gminsights.com/request-sample/detail/183

ADAS systems have also gained a substantial penetration in the automotive electronics market and will grow at a CAGR of over 9.5% owing to the safety & driving benefits provided by these systems. They consist of several features including blind spot detection, adaptive cruise control, night vision, etc., that aid while driving at night, in unfavorable weather conditions, and in distractive conditions. The inclusion of driving assistance systems offers advanced safety & control to vehicles and their drivers by providing airbags, automated brakes, and steering control features. These features along with the government policies aim at increasing automotive safety parameters, creating high adoption prospects for ADAS applications in the automotive electronics market.

Growth drivers:

1. Increasing demand for safety and comfort features in vehicles
2. Stringent regulatory framework in North America and Europe
3. Increasing sales of electric vehicles in China
4. Rapid development of unmanned driving technology in Europe
5. Flourishing automobile production in Mexico
6. Growing vehicle production activities in South Africa
7. Proliferation of component manufacturers in Asia Pacific

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

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

The passenger cars segment is experiencing a rapid growth in the automotive electronics market to reach over 85% revenue share by 2024 due to developments including safety & driving assistance, infotainment, etc. The newly developed passenger vehicles integrate several enhanced systems that offer advanced safety and luxury features to its consumers, further generating the requirement for automotive electronics market products. Moreover, the consumer demand related to luxury and comfortable vehicles owing to an increased spending capacity in countries such as the U.S., Germany, and India, among others is adding up to the passenger vehicle production. Additionally, commercial vehicles are also gaining substantial popularity in the market owing to the deployment of advanced safety, night driving, and engine control systems. These vehicles require robust and high engine management systems having several electronic components, further adding up to the industry demand across the globe.

Asia Pacific region is growing at a rapid pace in the automotive electronics market owing to an accelerated growth in vehicle & related part manufacturing activities in countries including China, Japan, and South Korea. Additionally, this growth is attributed to the high penetration of automotive and electronics manufacturers in the region and increasing export activities to North American and European nations. The increased automobile consumption in India and China owing to the rapid population growth creates opportunities for industry growth.

Europe automotive electronics market valued at over USD 80 billion in 2017 is also experiencing growth owing to the presence of leading luxury and passenger car manufacturers and a high demand for comfort and infotainment systems.

Make an Inquiry for purchasing this Report @ www.gminsights.com/inquiry-before-buying/183

The key players operating in the market include Bosch Group, Continental AG, Lear Corporation, Hyundai Mobis, Magna International, Altera Corporation, Delphi, Infineon Technologies, Texas Instruments, and ZF Friedrichshafen AG. Major companies are focusing on developing differentiated and efficient electronic systems such as ADAS and powertrain to gain a competitive edge. The automotive electronics market players also invest heavily in the R&D activities to develop technically advanced products regularly and address the growing consumer requirements. Companies have set up an extensive distribution and dealership network to cover local markets across the globe.

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What’s driving the Automotive Electronics Market, Industry Growth? Lear Corporation, Panasonic, Texas Instruments, Infineon Technologies, Faurecia, Broadcom Inc, Altera, Magna International, Valeo, Continental here

News-ID: 1751665 • Views: 617

More Releases from Global Market Insights, Inc.

Europe Electrical Steel Market Projections – To Expand at 6.5% During 2019-202 …
According to a new research report by Global Market Insights, Inc. Electrical Steel Market size is set to surpass USD 22.5 billion by 2025. Expansion of power distribution networks, increasing energy demand and rising preference for higher speed and horsepower to enable racecars to perform efficiently will further stimulate electrical steel market size in the future. Increase in the per capita income and surging government regulations for the transformer used
Shape Memory Alloys Market
Asia-Pacific Shape Memory Alloys Market will witness over 14% CAGR up to 2025.Rising disposable income among people especially in emerging nations such as China, India, and Japan, has propelled shape memory alloys (SMA) market, owing to increased demand for automobiles and home appliances. China is regarded as the leading automobile manufacturer in the world and accounted for one-fourth of the global automobile production in the year 2018. During the same
America SLI Battery Market Analysis 2019-2025 With Top Companies of Industry lik …
Eminent market participants across America SLI battery market comprise of Grupo Gonher, Johnson Controls, Continental Battery, Exide Technologies, U.S. Battery, East Penn, XS Power battery, Enersys, Dyno Battery, Crown Battery, ACDelco, Leoch International, Braille Battery, Trojan Battery Company, Discover Battery, Acumuladores Moura, NorthStar Battery, Power Sonic, Interstate Batteries and GS Yuasa. Global Market Insights, Inc., announces a report on America SLI Battery Market Trends & Forecast - 2025.' The study encompasses
Natural Gas Liquid Market Analysis 2019-2025 :BP, Petrobras, Royal Dutch Shell, …
Eminent industry players operating across the natural gas liquid market comprises of BP, Petrobras, Royal Dutch Shell, Exxon, Qatar Petroleum, Canadian Natural Resources, Range Resources, Rosneft, Riveria, Eni, ConocoPhilips, Equinor, Total, Gazprom, Lukoil, Devon, and Chevron. Japan NGL market is set to exceed the consumption of 0.2 mbl/day by 2025. Growing demand for high value-added manufactured petrochemicals coupled with accelerating investments toward chemical industry will propel the industry growth. Furthermore, rapidly

All 5 Releases


More Releases for Corporation

Global Gaming Market 2018 - Microsoft Corporation, Nintendo Co., Ltd., Rovio Ent …
The global Gaming market research report 2019 -2023 proposes a thorough analysis of the Gaming market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Gaming market report provides a wide-range of Gaming market segmentation Console , Mobile , Computer , , . Get Request
Enterprise Content Management Market Trend to 2025: IBM Corporation, Oracle Corp …
Enterprise Content Management Market to 2025 - Global Analysis and Forecasts by Product, Deployment Type, Organization Type, Verticals The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Telecom Analytics 2018 Global Key Players – EMC Corporation, Oracle Corporatio …
Telecom Analytics Market 2018 Wiseguyreports.Com Adds “Telecom Analytics – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:  This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Telecom Analytics industry. This report splits Telecom Analytics market
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Smart Hospitality System Market 2017 : Mitel Networks Corporation, NEC Co …
Smart Hospitality System A market study based on the " Smart Hospitality System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Smart Hospitality System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Smart Hospitality System industry, and makes predictions on the future status of Smart Hospitality System market on the basis of this analysis. Get Free