Press release
How will the Growth Unfold for Automotive Chassis Electronics Market Leaders: Continental AG, The Bertrandt Group, Robert Bosch UK Holdings Ltd, The 3M Company
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The automotive chassis electronics market is highly driven by regulations across the globe. Hence, manufacturers of these products have been recently focusing on applying platform standardization through model variants & domain control-based architectures. Original equipment manufacturers (OEMs) have been increasingly focusing on driver safety functionalities and integration of electronic control units (ECUs) across multiple vehicle types, thereby driving the demand for automotive chassis electronics components.
Furthermore, there has been increasing demand for electronic brake control systems to achieve higher safety norms for vehicle, creating a considerable potential for the automotive chassis electronics market. Furthermore, large manufacturers of automotive chassis electronics have also been focusing on electronics which could be applied to protect vehicle occupants as well as pedestrians. Hence, the automotive chassis electronics business has been proving to be of major importance in the automotive industry, especially in the wake of the rising need for increased safety norms. Airbag control units and crash sensors are proving to be key automotive chassis electronics components considering the future market potential across regions.
Hence, considering the vital applications of automotive chassis electronics, the study of the automotive chassis electronics market becomes an important read.
Market Segmentation
On the basis of product type, the global automotive chassis electronics market is segmented as follows:
Temperature sensing automotive chassis electronic components
Pressure sensing automotive chassis electronic components
Position sensing automotive chassis electronic components
On the basis of application, the global automotive chassis electronics market is segmented as follows:
Instrument clusters
Smart wipers & mirrors
Seat modules
Windows & door modules
Driver information systems
Remote keyless entry systems
Roof modules
HVAC
Lighting control
Key Trends, Drivers
It has been observed that in recent times, there has been an increased research & development focus in order to reduce the cost of automotive chassis electronics components, which is expected to further make automotive chassis electronics products even more cost effective, thereby fueling the further growth of the automotive chassis electronics market at a global level. At the same time, there have been stringent government regulations, legislations & policies being developed and implemented by various transportation regulatory bodies of various governments across countries worldwide, pertaining to enhancing the safety of automotive transportation, thereby driving the need for advanced automotive chassis electronics products, along with the simultaneous introduction of advanced features of automotive chassis electronics products which is expected to further propel the market size & the growth rate of the global automotive chassis electronics market at a worldwide scale.
Also, a recent trend in the automotive industry with regard to automotive chassis electronics products is the rising requirement of high tech, sophisticated automotive chassis electronics components, to cater to real time transmission of operating parameters, especially in high end vehicles.
However, the increased levels of complexity of automotive chassis electronics products as a result of integration of multiple, smaller automotive chassis electronics units into single, integrated automotive chassis electronics units could prove to an impediment to the global automotive chassis electronics market growth in the next few years.
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Market Participants
Examples of the market participants in the global automotive chassis electronics market are as follows:
Continental AG
The Bertrandt Group
Robert Bosch UK Holdings Ltd
The 3M Company
Larsen & Toubro Limited
Tata Elxsi
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