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What's Driving the Automotive Electronics Market Growth? Altera, Atmel Corporation, Autoliv, Denso, Hyundai Mobis, Lear Corporation, Magna International, VALEO, Voxx International Corporation, ZF Friedrichshafen AG

04-28-2020 08:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Automotive Electronics Market

Automotive Electronics Market

The automotive electronics market will generate a mammoth revenue of more than USD 400 billion by the end of 2024. Many of the automotive giants of today are installing advanced and high-performance infotainment systems to enhance efficacy of vehicles. For instance, recently, Renesas Electronics signed a deal with the renowned automaker, Toyota Motor Corporation to implement its automotive technology in Toyota's upcoming self-driving vehicles. This technology consists of the high-performance R-Car system-of-chip (SoC), used as the brain for advanced driver assistance systems and in-vehicle infotainment system of vehicles.

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The deployment of such systems to maintain passenger and vehicle safety is thus slated to impel automotive electronics industry share. Over the coming years, the use of real-time operating systems and the development of next-generation visualization tools for automotive in-vehicle systems is likely to increase at an exponential rate. The surging awareness among people about the benefits of autonomous vehicles will thus help augment the utilization of electronic content in automobiles, thereby fueling automotive electronics market share.

The safety equipment includes intelligent speed assistance, autonomous emergency braking (AEB), and seatbelt reminders. Currently, the autonomous emergency braking system is becoming more common among new cars pertaining to the growing awareness about the importance of road safety. Moreover, the deployment of norms by the European Union related to the fuel economy and emission control has encouraged automakers to use more electronic content, which will significantly stimulate Europe automotive electronics market trends.

In order to comply with regulatory norms, many automotive giants and start-up companies have shifted their focus toward the development of electric vehicles. In this regard, to fulfill the increasing requirement of electronic content, most the players in automotive electronics market have been making heavy investments on the advancement of supply components. For instance, Panasonic has developed a new software in cooperation with Azapa to speed up the development cycle of products. Speaking of which, some of the well-known behemoth in automotive electronics industry are Denso, Avago Technologies, Wipro, Delphi, Continental, Bosch Group, Panasonic, and Hitachi Automotive Systems.

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Some Point from Table of Contents:

Chapter 4 Automotive Electronics Market, By Application
4.1 Key trends by application
4.2 ADAS
4.2.1 Market estimates and forecast, 2014 - 2030
4.2.2 Market estimates and forecast, by product, 2014 - 2030
4.2.2.1 Adaptive cruise control
4.2.2.2 Blind spot detection
4.2.2.3 Parking assistance
4.2.2.4 Automated emergency braking
4.2.2.5 Night vision
4.2.2.6 Lane Departure Warning
4.3 Body electronics
4.3.1 Market estimates and forecast, 2014 - 2030
4.4 Infotainment & communication
4.4.1 Market estimates and forecast, 2014 - 2030
4.4.2 Market estimates and forecast, by product, 2014 - 2030
4.4.2.1 Audio
4.4.2.2 Display
4.4.2.3 Navigation
4.4.2.4 Head-up display
4.4.2.5 Communication
4.5 Powertrain
4.5.1 Market estimates and forecast, 2014 - 2030
4.5.2 Market estimates and forecast, by product, 2014 - 2030
4.5.2.1 Engine controllers
4.5.2.2 Transmission drivetrain
4.5.2.3 Exhaust
4.5.2.4 xEV
4.6 Safety systems
4.6.1 Market estimates and forecast, 2014 - 2030

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