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Global Automotive Electronics Market, by Product types (Electronic Control Unit, Sensors, Current Carrying Devices, Other), by Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics) and Geography - Forecast to 2025

12-30-2020 02:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: i2iresearch.com

Automotive Electronics Market

Automotive Electronics Market

Global Automotive Electronics Market was valued at US$ 26.92 billion in 2019 and is projected to reach US$ 49.21 billion by 2025, at a CAGR of 9 % during the forecast period. The growing integration & adoption of automotive electronics such as Automated Emergency Braking (AEB) system, airbag system, and lane departure warning, etc. in modern vehicles to deliver enhanced safety & comfort to consumers is one of the major factors driving the automotive electronics industry growth. Automotive electronics along with the presence of broad computing technologies and connected features are enhancing automobile capabilities. Alcohol ignition interlock, accident data recorder system, and emergency call system have contributed to the reduction in road accidents worldwide. The increasing adoption of electric and hybrid vehicles is one of the major market factors in countries such as China, India, U.S. Japan, France etc. will further contribute towards the increase of automotive electronics market share over the forecast period. European countries are focusing their efforts to phase out diesel-combustion engines and consequently gasoline engines by 2030.

Asia pacific will dominate the automotive electronics market owing to the strong vehicle & component manufacturing sector in Japan, China, and South Korea. There is easy & cheap availability of raw materials and components due to the presence of several suppliers in these markets. Automotive suppliers in the region are more profitable compared to the European and North American counterparts due to the provision of low market price and high-quality automotive electronics products in huge quantities. These companies mainly supply their products to the OEMs based in the U.S. and Europe to earn larger profit margins and fulfill market demand.

Deep analysis about Automotive Electronics market status (2016-2019), competition pattern, advantages and disadvantages of products, industry development trends (2019-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to downstream buyers of this industry have been analysed scientifically. This report will help you to establish comprehensive overview of the Automotive Electronics Market

Report Link
For more details on “Automotive Electronics” Market Report: https://i2iresearch.com/report/global-automotive-electronics-market-2020-market-size-share-growth-trends-forecast-2025/

What this report Offers
This report covers an in-depth analysis of the Automotive Electronics market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.

There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of Automotive Electronics market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

To avail a copy of the sample of the Automotive Electronics Market Report: https://i2iresearch.com/download-sample/?id=6442

Key Segmentations in this report
Global Automotive Electronics Market, by Players
• Continental AG
• Denso Corporation
• Aptiv PLC
• Robert Bosch GmbH
• Altera
• Broadcom
• HELLA GmbH & Co. KGaA

Global Automotive Electronics Market, By Product Types
• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Other

Global Automotive Electronics Market, By Application
• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics

For a detailed table of content of the Automotive Electronics Market Report: https://i2iresearch.com/report/global-automotive-electronics-market-2020-market-size-share-growth-trends-forecast-2025/

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