Press release
Automotive Electronics Market In-depth Analysis Report
This latest Automotive Electronics report published by Global Market Monitor covers the current market dynamics, and provides effective competition strategies and market guidelines for the majority of practitioners.
The increase in vehicle production has a direct impact on the number of electronic components and the revenue generated from their sale, as more than 90 per cent of automotive electronic components are integrated at the vehicle production stage. Over the past five years, the automotive industry has grown at an average rate of more than 4 percent due to an increase in disposable income. The rapid growth of innovation in software-based systems is expected to trigger demand for advanced electronic components. This growth can be attributed to the need for continuous software upgrades in advanced safety systems and V2X systems to ensure proper vehicle functionality. The Asia Pacific automotive electronics market accounts for a major revenue share, with China accounting for over 25% of the global vehicle production and the country leading the production and sales of passenger vehicles, with the majority of the region's demand coming from Japan and China. Despite the limited volume, manufacturers are creating huge investment opportunities for regional suppliers to capitalize on the local demand, thus making the ASEAN countries attractive for investors. The North American region is expected to grow at the second highest CAGR. The U.S. is expected to dominate the regional market due to the presence of major manufacturers such as Continental AG; ZF Friedrichshafen AG; Autoliv, Inc . ; and Robert Bosch GmbH. the U.S. accounts for more than 80.0% share in North American automotive production. In addition, local governments have launched a number of initiatives to improve passenger safety and reduce the risk of accidents at the same time. For example, in 2017, the Canadian government's transportation control agency required the inclusion of electronic stability control and electronic logging devices for commercial buses and trucks.
Automotive electronics is a general term for body automotive electronic control devices and vehicle electronic control devices. Body automotive electronic control devices, including engine control systems, chassis control systems and body electronics control systems, are used in automobiles.
Increasing integration and adoption of advanced safety systems such as automatic emergency braking, lane departure warning, and airbags to reduce road accidents is expected to drive growth. Moreover, increasing demand for luxury and hybrid vehicles is expected to contribute significantly to the growth. Increasing consumer preference for vehicles integrated with advanced driver assistance systems (ADAS), such as adaptive cruise control (ACC), parking assistance systems, and blind spot detection, has been driving the market growth.
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Key participants
Foremost key players operating in the global Automotive Electronics market include:
Denso
Johnson Controls
Hitachi Automotive
Hyundai Mobis
Continental
Hangsheng
Aisin
Valeo
Delphi
Bosch
Magna
Tenneco
ZF TRW
Visteon
Faurecia
Segmentation on the Basis of Application:
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
Automotive Electronics Market: Type Outlook
Electronic Control Unit
Sensors
Current Carrying Devices
Others
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automotive Electronics Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Automotive Electronics Market by Types
4 Segmentation of Automotive Electronics Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automotive Electronics Market in Major Countries
7 North America Automotive Electronics Landscape Analysis
8 Europe Automotive Electronics Landscape Analysis
9 Asia Pacific Automotive Electronics Landscape Analysis
10 Latin America, Middle East & Africa Automotive Electronics Landscape Analysis
11 Major Players Profile
…
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Overall Regions Outlook
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe)
Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries)
Others
In-depth Automotive Electronics Market Report: Intended Audience
Automotive Electronics manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Automotive Electronics
Automotive Electronics industry associations and research organizations
Product managers, Automotive Electronics industry administrator, C-level executives of the industries
Market Research and consulting firms
Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
6 months analyst support along with the data in excel
Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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