Automotive Electronics Market Growing with Alarming Rate Powered by High Demand from Autonomous Vehicles
A new report published by Allied Market Research, titled, "Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe.
Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market.
Request PDF Sample to Access Market Data @ https://www.alliedmarketresearch.com/request-sample/6401
The report provides a comprehensive analysis of the major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg.
Key players operating in the global automotive electronics market are Robert Bosch, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments, NXP Semiconductors N.V., Continental AG, NVIDIA Corporation, Hitachi Ltd., and Aptiv PLC.
Over the period automobile industry has witnessed automation in multiple functionalities such as power windows, camera parking assistance, integrated digital cockpit and such other features. The penetration of ADAS in economical range of cars drives the market.
In addition, rise in competition in the automotive market manufacturers offer infotainment features in the economical range of cars. Thus, a greater number of cars getting equipped with infotainment electronics increases the market of automotive electronics.
The passenger car segment was the highest contributor to the automotive electronics market growth in 2019, whereas, HCV experienced fastest growth with a CAGR of 9.0% during the forecast period.
Interested? Do Purchase Enquiry Now @ https://www.alliedmarketresearch.com/purchase-enquiry/6401
As per automotive electronics market trends, Asia-Pacific was the major revenue generator in 2019 and is expected to maintain its dominance in the future. This is attributed to the rise in industrial sector and its automation which is expected to drive the automotive electronics market growth globally.
Moreover, enhancement in industrial autonomy and increase in expenditure in the emerging markets such as Latin America and the Middle East to meet demand for exponentially growing economies in these countries have strengthened the market growth.
The automotive electronics market size is segmented on the basis of vehicle type, component, application, distribution channel, and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system and power train and such other applications. Distribution channel in the automotive electronics market is segmented as OEM and aftermarket.
Browse this Report Preview @ https://www.alliedmarketresearch.com/automotive-electronics-market-A06036
Key Findings of the Study:
By vehicle type, the passenger car segment accounted for the highest share of the automotive electronics market forecast in 2019 with $87.39 billion, growing at a CAGR of 5.6% from 2019 to 2026.
On the basis of component, the microcontrollers segment generated the highest revenue, accounting for $63.44 billion in 2019.
By region, Asia-Pacific is expected to dominate the market, garnering 8.2% share during the forecast period.
Automotive Sensors Market: https://www.alliedmarketresearch.com/automotive-sensor-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
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 Automotive Electronics Market Growing with Alarming Rate Powered by High Demand from Autonomous Vehicles here
News-ID: 1985443 • Views: 303
More Releases from Allied Market research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Electronics
Global Inductors Market 2018 -Panasonic, Chilisin Electronics, Delta Electronics
Accord Market, recently published a detailed market research study focused on the “Inductors Market” across the global, regional and country level. The report provides 360° analysis of “Inductors Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Inductors on the basis of this
Automotive Electronics Market -
The global automotive electronics market displays intense competition due to the presence of a large of established companies. Going forward, the competition in the market is likely to further intensify with the influx of new participants. Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31742 Majorly fuelling the global automotive electronics market is rising safety considerations among consumers that greatly influence their decision for buying automobiles. Automotive electronics include gadgets and devices
Automotive Electronics Market - Economic Recovery Boosts Europe Automotive Elect …
The global automotive electronics market is gaining from the rising safety considerations that greatly influence consumers’ buying decision for automobiles. Automotive electronics comprise electrically operated systems that are installed in vehicles. Electronic fuel injection, advanced driver assistance, airbag, telematics, and in-car entertainment are some of the areas where automotive electronics are deployed in order to increase the overall efficiency. High-end electronics equip vehicles with navigation, information, and entertainment systems that are
Consumer Electronics in Japan
Summary Consumer electronics saw annual retail volume decline throughout the review period. This was linked to consumers’ economic uncertainty, population decline and an ongoing shift towards smartphones as an all-in-one device. Smartphones are increasingly used to go online, communicate, play media, capture images and read e-books, with many consumers thus ceasing to buy a wide range of consumer electronics. 2016 however saw the softest retail volume decline of the review period,
Consumer Electronics in France
Summary After five consecutive years of volume sales decline, French consumer electronics grew again in both volume and value terms in 2016. OLED TVs and smart wearables were the fastest-growing areas of the market. Compared to previous years, the market’s overall average price level was up as a result of the euro exchange rate and consumers switching to premium for some equipment. Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=691374&ptitle=Consumer+Electronics+in+France&req=Sample Euromonitor International’s Consumer Electronics in France
Consumer Electronics in Russia
Summary After the collapse of retail volume sales of consumer electronics in 2015, the negative trend continued in 2016. Although prices of oil were partly restored, business investments and the real income of Russians continued to decline, making a fast recovery of Russia’s economy questionable. As a result, consumers in Russia became very cautious when making their purchasing decisions. Despite the strong overall decline in retail volume sales, the performances of