Press release
East Asia Automotive Electronic Control Unit Account for Over 43% Share of the Total Market Value : Fact.MR
Surging automotive sales amid increasing penetration of new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is propelling the demand for automotive electronic components. The global automotive electronics market will grow more than two-fold during the forecast period (2019-2029). Developments such as autonomous driving, connected vehicles, and advanced driver assistance systems (ADAS) are giving impetus to the requirement of automotive electronic products such as electronic control units, sensors, current carrying devices, and others.“Increasing electric-vehicle fleets all over the world form a fertile basis for manufacturers to grow their business and generate profitable revenues.” -Says FactMR Analyst
Click Here to Get Complete Synopsis of this Report https://www.factmr.com/report/4656/automotive-electronics-market?utm_source=anup&utm_id=openpr
Key Takeaways of Automotive Electronics Market Study
East Asia and South Asia & Oceania collectively account for 43% share of the total market value. Booming automotive sales in developing countries coupled with prevalence of electric vehicles is driving the demand for automotive electronics from these regions.
North America offers gainful opportunities with a stellar 9% CAGR during the forecast. Presence of major manufacturers in countries such as the US are accelerating the demand for automotive electronic products in this region.
Current carrying devices will grow two-fold on the back of surging penetration of electric vehicles as a new energy alternative.
Safety systems will expand to more than twice their current size owing to rising concerns of road safety among millennial consumers.
Aftermarket sales of smart electronic devices will grow the aftermarket segment 3X through 2029. Favorable consumer trends such as customization of light and medium duty vehicles are a central force behind the growth of this segment.
Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=4656&utm_source=anup&utm_id=openpr
Advanced Technology to Expand Future Profit Pools
Emerging automotive software (SW) and electrical & electronics components (E/E) will drive future demand for automotive electronics. The growing electrical automotive fleet that relies on electronic components for smooth functioning is seen to propel the automotive electronic market. Manufacturers are hence focused on research and development of advanced materials, high-performance circuits, and cost efficient production processes. For instance, the majority of on-road automobiles today have inbuilt sensors for driver assistance. This automotive electronic product is projected to offer remunerative growth opportunities on the back of a stellar double digit growth rate.
Buy Now this Exclusive Report https://www.factmr.com/checkout/4656?utm_source=anup&utm_id=openpr
Find More Valuable Insights on Automotive Electronics Market
Fact.MR, in its new offering, provides an in-depth analysis of the global automotive electronics market, displaying data on historical demand (2014-2018) and forecast data for the period, 2019-2029. The study provides readers with essential insights on the automotive electronics market on the basis of components (electronic control unit, sensors, current carrying devices, and others), application (ADAS, infotainment, body electronics, safety systems, and powertrain electronics), sales channels (Original Equipment Manufacturers and Aftermarket), and across 6 key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Major players that influence the competitive landscape are, but not limited to
Altera (Intel Corporation)
Broadcom Ltd.
Continental AG
DENSO CORPORATION
Hella Gmbh & Co. Kgaa (Hella)
Hitachi Automotive Systems Ltd.
Infineon Technologies AG
Microchip Technology Inc.
NXP Semiconductors N.V.
Panasonic Corporation
Robert Bosch GmbH
Texas Instruments Incorporated
Valeo Inc.
Visteon Corporation
Xilinx Inc.
ZF Friedrichshafen AG.
Speak to Research Analyst https://www.factmr.com/connectus/sample?flag=AE&rep_id=4656&utm_source=anup&utm_id=openpr
Overview of TOC ( Table of Content )
List of Tables
Table 1: Global Automotive Electronics Market Value (US$ Mn) Analysis by Application, 2014 – 2018
Table 2: Global Automotive Electronics Market Value (US$ Mn) Forecast by Application, 2019 – 2029
Table 3: Global Automotive Electronics Market Value (US$ Mn) Analysis by Services, 2014 – 2018
Table 4: Global Automotive Electronics Market Value (US$ Mn) Forecast by Services, 2019 – 2029
Table 5: Global Automotive Electronics Market Value (US$ Mn) Analysis by End Use, 2014 – 2018
Contd...
List of Figures
FIG. 1: Global Automotive Electronics Market Historical Value (US$ Mn), 2014-2018
FIG. 2: Global Automotive Electronics Market Value (US$ Mn) Forecast, 2019 – 2029
FIG. 3: Global Automotive Electronics Market Absolute $ Opportunity, 2019 – 2029
FIG. 4: Global Automotive Electronics Market Value Share & BPS Analysis by Application– 2014, 2019 & 2029
FIG. 5: Global Automotive Electronics Market Y-o-Y Projection by Application, 2018-2029
Contd...
For More Insights
https://www.accesswire.com/624652/Generator-Sales-to-Grow-at-over-5-in-2021-as-Manufacturers-Refocus-on-Innovations-FactMR-Study
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
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 East Asia Automotive Electronic Control Unit Account for Over 43% Share of the Total Market Value : Fact.MR here
News-ID: 2335298 • Views: …
More Releases from Fact.MR
Plasma Fractionation Market Projected to Reach US$ 65 Billion by 2032, With 7.3% …
The plasma fractionation market is projected to be valued US$ 32 billion in 2022. Moreover, growth is anticipated to pick up speed at a 7.3% CAGR over the assessment period of 2022-2032 and reach US$ 65 billion. The primary driver of the market's growth is the aging of the global population, which makes people more vulnerable to rare illnesses that call for the usage of blood derivatives.
Furthermore, it is anticipated…
Chemical Pulp Market Predicted to Garner US$ 19.5 Billion by 2033, At CAGR 7.4% …
According to the most recent data from market research and competitive intelligence provider Fact.MR, the global chemical pulp market is projected to grow at a compound annual growth rate (CAGR) of 7.4% between 2023 and 2033, reaching US$ 19.5 billion by the end of 2033.
Large tanks called digesters are used to combine chemicals and wood chips to create chemical pulp. Lignin, which helps hold cellulose fibers together without seriously harming…
Hemodialysis Market to Grow at 4.5% CAGR, Crossing US$ 149.92 Billion by 2033 | …
The hemodialysis market is expected to reach US$ 149.92 billion by 2033, from its estimated US$ 96.54 billion in 2023, according to a recent industry analysis by Fact.MR, a supplier of competitive intelligence and market research.
Dialysis is a process that removes waste products from the blood, like creatinine and urea, which are created when the kidneys don't work properly. For people with chronic renal disorders, dialysis is required. Hemodialysis is…
Agricultural Film Market is forecasted to reach US$ 21 billion with 5.9% CAGR by …
Fact.MR, a market research and competitive intelligence service, states that historically, the use of Agricultural Films grew at a 3.5% CAGR from 2016 to 2020, with the United States, China, India, and Japan holding a sizable portion of the global market. by 2021, the greenhouse film industry is expected to have grown to a valuation of over US$ 10 billion, largely due to price increases in agricultural films.
For More Insights…
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each…
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction.
The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities…
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future…
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
