openPR Logo
Press release

Automotive Electronics Market Analysis, Trends, Growth, Size, Share, Forecast 2018 to 2025

06-17-2020 05:55 PM CET | Tourism, Cars, Traffic

Press release from: Orion Market Research

Automotive Electronics Market

Automotive Electronics Market

The global automotive electronics market is estimated to grow significantly, at a CAGR of more than 7.1%, during the forecast period. The global automotive electronics industry is evolving in a new era with the introduction of self-driving cars, or say, the evolvement of oil-independent vehicles. In self-driving cars, the sensors play a role of key components, as it enables the distance monitoring feature in vehicles and provides crucial data for a central controller. Radar, optical and infrared cameras, ultrasound, and laser are used in serving data related to the surroundings, other vehicles, and the condition of the road to the driver. Infrared cameras are extensively used in detecting the correct lane on the road and keeping the vehicle safe from taking the wrong path.

Request a Free Sample of our Report on Automotive Electronics Market: https://www.omrglobal.com/request-sample/automotive-electronics-market

Miniaturized radar units, employed with RF technology, are widely adopted in the automotive industry for determining the speed, range, proximity, and relative object size of the vehicle. The automotive industry is further developing novel technologies for collision-avoidance along with the automated-parking system. This, in turn, has increased the demand for radar chips, development systems, and a range of components such as low noise amplifiers; thereby driving the global automotive electronics market. The driverless cars are employed with IoT, consisting of only 10% of hardware components in the system. The cars are made to have connected with everything: from vehicle to vehicle, vehicle to cloud, and vehicle to the driver, wherein, the car has no direct involvement with the driver.

According to the World Health Organization (WHO) in 2018, it was estimated that over 1.24 million people die every year in road accidents across the globe, wherein, over 50 million people get injured. The organization further stated that over 90% of these road accidents occur due to human errors. Therefore, in such a scenario, driverless cars can be effective as they are capable of sensing the vehicle distance from other vehicles, obstacles, and lane marking on the road. This, in turn, has proved to be a safer solution as compared to the human-driven cars. There is a range of components involved in driverless cars, such as cameras, GPS system, complex scanners, which drives the growth of the global automotive electronics market.

The most famous developers of self-driving cars are Google and Tesla, who are working with different approaches in the global electric car market. Google is using lidar sensor technology, having no steering wheels or foot pedals. While Tesla has developed a software system, named Autopilot, which undertakes high-tech camera sensors that functions similar to the car’s eye. According to Tesla, the car is made to surround by nearly eight cameras, providing 360-degrees of visibility to up to 250 meters. Therefore, the cameras provide a view of the entire surrounding environment of the car which a driver alone cannot access alone, which will drive the growth of the global automotive electronics market in the near future.

A Full Report of Automotive Electronics Market is Available at https://www.omrglobal.com/industry-reports/automotive-electronics-market

Global Automotive Electronics Market- Segmentation

By Type
• OEM
• Aftermarket

By Component Type
• Sensor
• Electronic Control Unit
• Current Carrying Devices

By Application
• Advanced driver-assistance systems (ADAS)
• Infotainment
• Powertrain
• Safety System
• Body Electronics

Global Automotive Electronics Market– Segment by Region

North America
• United States
• Canada

Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East & Africa

Company Profiles
• AOI Systems Ltd.
• Camtek Ltd.
• CyberOptics Corp.
• DAIICHI JITSUGYO CO., LTD.
• DCB Automation Ltd.
• GÖPEL Electronic GmbH
• Koh Young Technology, Inc.
• Machine Vision Products, Inc.
• MEK Marantz Electronics Ltd.
• Mirtec Co., LTD.
• Nordson Corp.
• Omron Corp.
• Orbotech Ltd.
• PARMI Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-electronics-market

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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 Automotive Electronics Market Analysis, Trends, Growth, Size, Share, Forecast 2018 to 2025 here

News-ID: 2076431 • Views: 352

More Releases from Orion Market Research

Impact of COVID-19 on Iran Economy Analysis, Trends, and Forecast 2019 to 2025
Iran's economy has been growing at a steady pace. In 2017, the country had a GDP of $447.7 billion and a population of around 80.6 million according to the World Bank. The economy of the country is characterized by the hydrocarbon sector, agriculture and services sector, and a considerable presence of the state in manufacturing and financial services. Request a Free Sample of our Report on Impact of COVID-19 on
Cloud Computing Market Size, Share, Growth, Industry Analysis, Opportunities and …
The global cloud computing market is estimated to grow at a CAGR of more than 25% during the forecast period (2019-2025). Rapid increase in the demand for cloud computing services in retail sector is boosting the market growth. Rapid growth in automation and agility in retail and e-commerce for delivery of enhanced customer experience is attributing to the adoption of cloud-based services. This enable businesses to automate processes that
Impact of COVID-19 on France Economy, Deviation, Research, Forecast 2019-2025
France is one of the leading European economies after Germany and France. The country has a significant value in the export of goods and services. The country has shown a significant rise in manufacturing operations, including food & beverage, machinery and equipment, and chemicals. The monetary policy, structural reforms and economic conditions, have encouraged exports and investment in the country. However, global uncertainties and the impacts of social conflicts assessed
E-commerce Market Trends, Share, Industry Size, Growth 2019 to 2025
E-commerce includes buying and selling of raw material, products, services, or any kind of goods and services through an electronic medium (internet) by the consumer, retailer, and business. Whereas, e-commerce retail is the exchange of goods and services between an online retail company and consumers (generally end-users). The e-commerce transaction can be of different types such as business to Business or B2B (Cisco, Alibaba), Business to Consumer or B2C (Amazon,

All 5 Releases


More Releases for Electronic

Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine
Electronic Recycling Market - Increasing Consumption of Electronic Devices
In a report published recently, Transparency Market Research (TMR) provides insights into the growth drivers and restraints impacting the global electronic recycling market. The report is titled “Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available on the company website for sale. Based on the findings of the survey conducted, the report pegs the global market for electronic recycling market
Electronic Security Market
Electronic security consists of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets. Electronic security systems are also used in business operations to protect confidential business data and to track unauthorised access to business related information and assets. Rise in urbanisation has led to development of smart cities, which has resulted in adoption of security systems as they
Global Electronic Pipettes Market 2015, Electronic Pipettes Market Growth, Elect …
9D Research Group has recently announced the addition of new report "Electronic Pipettes Market 2016 - Global Industry Size, Trends, Growth, Share, Opportunities and Forecast by 2020" to their offering. Global Electronic Pipettes Industry 2016 Market Research Report was a professional and depth research report on Global Electronic Pipettes industry that you would know the world's major regional market conditions of Electronic Pipettes industry, the main region including North American, Europe
Usability & Electronic Health Records
Recent research on electronic health record (EHR) adoption has reported that among the top barriers to adoption, usability concerns equal those of security, privacy and system-integration. User Centric, a user experience research and design firm based in Chicago, is a thought leader in how to ensure EHRs are evaluated for usability. As part of a free webinar series, Managing Director Robert Schumacher, Ph.D., will present “Usability & Electronic Health Records”