Automotive Electronics Market - Competitive Insights, Influencing Factors, Market Size & Forecasting to 2028) | Top Players: Bosch, Delphi Automotive, Denso, Hitachi Automotive Systems among Others

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Automotive Electronics Market.

According to the report, the high growth of the automotive industry in the emerging regions is expected to drive the demand of the automotive electronics market during the forecast period.


Click here to get a sample of the premium report: https://www.quincemarketinsights.com/request-sample-21366?utm_source=hp&utm_medium=OpenPr&utm_campaign=hp

The industry has seen a preference for advanced safety systems in vehicles, such as crash data recorders, alcohol ignition interlocks, anti-lock braking, etc. This will also fuel the growth of the global market for automotive electronics.

OEMs invest heavily in R&D to produce high-performance goods at a reasonable cost and focus more on innovations for energy storage. In addition, the new manufacturing class has become more focused on electronics, allowing them to provide a high level of safety. Technology accounted for about 35 per cent of the total cost of vehicles in 2010. Nonetheless, automotive technology is projected to account for around 50 percent of the total cost of automobiles over the next two decades and with the current technological advances.

With an emphasis on both organic and inorganic growth strategies, there have been several primary developments done by major companies like Hitachi Automotive Systems, Delphi Automotive, Infineon Technologies, Magna International, Continental AG, Bosch Group, HGM Automotive Electronics, ZF Friedrichshafen AG, Audiovox, and Denso Corporation.

Get ToC for the overview of the premium report: https://www.quincemarketinsights.com/request-toc-21366?utm_source=hp&utm_medium=OpenPr&utm_campaign=hp

Segmentation for better understanding of this market and its growth prospects:

The market can be classified on the basis of components into the electronic control units, sensors, current-carrying devices, and others. Due to high costs and massive quantities of electronic switches, fuses, wires mounted in cars, the current-carrying devices segment expected to lead the market during the forecast period.

In addition, environmental demands on the manufacturers to reduce overall fleet emissions add up to the cost of production. Small-scale manufacturers are also focused on product innovation to meet stringent standards, such as raising vehicle weight by eliminating lightweight components.

The market was bifurcated into OEM and Aftermarket depending on the sales channel. During the study, the OEM segment expected to lead the market. Because electronic components are an integral part of vehicles and play a vital role in vehicle performance, consumers prefer to purchase those components through OEMs.

Due to the introduction of electronic switches and fuses equipped with features such as latching, low noise, and ultra-miniaturization, the complexity of these components is growing. Such dynamics are also expected to complement the domination of OEMs over the whole forecast period for the sales channel market.

Based on the application, safety systems expected to lead the market during the forecast period. Increasing consumer awareness and various government initiatives around the globe expected to boost the segment's growth.

This report provides:

1) An overview of the Global Automotive Electronics Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotion plans for the Global Automotive Electronics Market.
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in-depth and have come up with major segments like product type, application, and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Speak to analyst before buying this report: https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-21366?utm_source=hp&utm_medium=OpenPr&utm_campaign=hp

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

The Asia Pacific projected to be the largest market during the forecast period. China and Japan meet the majority of drug demand in the Asia Pacific. Nevertheless, the small number of manufacturers offers regional suppliers an excellent investment opportunity to capitalize on local demand, thereby making the rest of the region an attractive place for investors.

The second-largest market is expected to be in North America. Due to increased automobile production and the involvement of key manufacturers, the US is expected to dominate the North American regional market over the forecast period.

Strict fuel economy and emission control standards are expected to drive the power train electronics market in this region.

Key Factors Impacting Market Growth:

o Growth in demand for passenger and commercial vehicles

o Stringent government regulations on fuel emissions

o Demand for high performance, versatility, and environment-friendly vehicles

Market Segment

By Type:
o Advanced Driver Assistance Systems (ADAS) Adaptive Cruise Control
o Adaptive Cruise Control
o Blind Spot Detection
o Parking Assistance
o Automated Emergency Braking
o Night Vision
o Lane Department Warning
o Safety Systems
o Engine Controllers
o Transmission Drivetrain
o Exhaust
o xEV
o Infotainment & Communication
o Audio
o Display
o Navigation
o Head-Up Display
o Communication
o Body Electronics
o Powertrain
o Others

By Component:
o Electronic Control Units (ECU)
o Current Carrying Devices (CCD)
o Sensors
o Others

By Vehicle Type:
o Passenger
o Commercial
o Hybrid Electric

By Sales Channel:
o Original Equipment Manufacturer (OEM)
o Aftermarket

By Region:

North America
o By Country (US, Canada, Mexico, Rest of North America)
o By Type
o By Component
o By Vehicle Type
o By Sales Channel

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Component
o By Vehicle Type
o By Sales Channel

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Component
o By Vehicle Type
o By Sales Channel

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Component
o By Vehicle Type
o By Sales Channel

Rest of the World
o By Region (South America, Middle East, Africa)
o By Type
o By Component
o By Vehicle Type
o By Sales Channel

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

This release was published on openPR.