Press release
Automotive Electronics Market is projected to reach a value of USD 437.74 billion by 2026, registering a CAGR of 9.6 % during the forecast period, 2021 – 2026.
Automotive Electronics Market
Automotive electronics is used in an automobile for various applications such as ignition, infotainment system, engine management, telematics to enhance the overall efficiency of the system. The increasing popularity of hybrid and electric vehicles is likely driving considerable attention of electronic system manufacturers. Additionally, technological advancements such as electrical active suspension and Electronic Braking System (EBS) are likely to extend the application range in the automobile sector for an electronic system.
The automotive electronics market is witnessing considerable growth and is likely to grow at the same pace in the coming years. This is attributed to increasing penetration of electric vehicles, increasing demand for the advanced safety system, and continuous development in the new and advanced electrical system such as infotainment, mishap data recorder system, alcohol ignition interlocks, emergency call system, and lighting system. Moreover, with the increased disposable income, consumers are more likely to buy luxurious electronics features such as automated climate control system, cruise control, rearview monitor, and advanced entertainment system. According to the National Automotive Board, and the Department of Heavy Industry, 2,60,669 electric vehicles are sold in India.
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The Major Manufacturers Covered in this Report:
Autoliv Inc. (Sweden), Daicel Corporation, ZF Friedrichshafen AG (TRW Automotive), Aptiv PLC (Delphi Automotive), Key Safety Systems Inc. (Takata), Tokai Rika Co. Ltd., TOYODA GOSEI Co., Ltd., Robert Bosch GmbH, Samsung Group (South Korea), Denso Corporation, and ZF Friedrichshafen AG. and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Vehicle Type
Compact Passenger Cars
Mid-sized Passenger Cars
Premium Passenger Cars
luxury passenger cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEM
Aftermarket
Application
Advanced Driver Assistance Systems
Safety Systems
Body Electronics
Entertainment
Powertrain
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Additionally, the analysis also delivers a comprehensive review of the crucial players on the Automotive Electronics Market along with their company profiles, SWOT analysis, latest advancement and business plans.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Automotive Electronics Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Automotive Electronics Market sub-markets, depending on key regions (various vital states).
To analyze the Global Automotive Electronics Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Automotive Electronics Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Automotive Electronics Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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