Press release
Automotive Electronics Market to Expand at a Healthy CAGR of 8.5% through 2029
Automotive Electronics Market
Global Automotive Electronics market is set to be influenced by a bevy of factors, including COVID-19 impact and broader public-private push toward inducing momentum.
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In a new comprehensive study, Fact.MR offers in-depth analysis and insights on how Automotive Electronics sales will grow/decline during the forecast period.
In addition to offering quantitative analysis on Automotive Electronics demand, the study also offers readers analysis on key factors that are likely to drive the market.
From macroeconomic factors to subtle microeconomic factors, the study analyzes the minutest of details that have the potential to impact Automotive Electronics industry during the assessment period. The study also offers readers in-depth insights on the key challenges for Automotive Electronics companies during the assessment period. The key challenges faced by OEMs as we as suppliers is also discussed in detail in the study.
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What Big will be the Automotive Electronics Market in 2021?
The study recalibrates the impact of COVID-19 on Automotive Electronics sales, offering an analysis on short-term and long-term forecast. The impact of broader trends in the automotive industry have also been analyzed in the study. Globally, automotive industry is looking at a period of recovery in 2021, as success with vaccine inoculation has raised the hopes of controlling the pandemic. Many automotive companies are also focusing on increasing exports to countries where the pandemic is less severe.
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China, the largest automobile market in the world, is going through a period of ascendancy. The government in China is focusing on boosting infrastructure, whereas consumer sentiment is upbeat after a challenging 2020.
In US and Europe, consumer sentiment is moving toward cautious optimism, however, it will be a long road to recovery in these countries. Still, there is growing consensus that 2021 will be a far better year for automotive sales in Europe and US.
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A key area of concern for global automakers is the devastating second wave in India, one of the largest automobile markets globally. Things were looking up in India in first quarter of 2021, however, the resurgence of a virulent strain has led to lockdown and economic devastation. How all these developments impact automotive market in general and Automotive Electronics sales in particular remains to be seen.
Key Automotive Electronics Market Segments
Application
• ADAS
• Infotainment
• Body Electronics
Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Automotive Electronics companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
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Key Country-wise Inclusions
• US Automotive Electronics Market
• Canada Automotive Electronics Sales
• Germany Automotive Electronics Production
• UK Automotive Electronics Industry
• France Automotive Electronics Market
• Spain Automotive Electronics Supply-Demand
• Italy Automotive Electronics Outlook
• Russia & CIS Market Analysis
• China Automotive Electronics Market Intelligence
• India Automotive Electronics Demand Assessment
• Japan Automotive Electronics Supply Assessment
• ASEAN Automotive Electronics Market Scenario
• Brazil Automotive Electronics Sales Analysis
• Mexico Automotive Electronics Sales Intelligence
• GCC Automotive Electronics Market Assessment
• South Africa Automotive Electronics Market Outlook
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