Press release
The Global Automotive Electronics Market Size is anticipated to exceed US$ 388.6 Billion by 2028, By Skyquest Technology
The growing demand for automated vehicles, electric vehicles, and cutting-edge automotive technologies is also anticipated to boost market expansion. Some of the prominent technologically cutting-edge features that are anticipated to propel market expansion throughout the forecast period include alcohol ignition interlocks, accident data recorder systems, and emergency call systems.
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Additionally, these features follow government laws and policies and are considered to make it possible for the adoption of autonomous vehicles. The electronic operations in these vehicles are controlled by ECUs and sensors, which raises the need for these parts.
Read market research report, "Global Automotive Electronics Market By Component (Electronic Control Unit, Sensors, Current Carrying Devices, and Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Others) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
Global Automotive Electronics Market segmentation is done on the basis of Vehicle Type such as Commercial Vehicle, Passenger Car, and other. Among these, Passenger car segment produced the most income in 2019 and is anticipated to continue to do so throughout the projected period. Microcontrollers have the highest revenue per component in 2019 and are predicted to dominate the category by 2026. The end use category of infotainment generated the most revenue in 2019 and is predicted to remain in the top position throughout the forecast period.
Among the regions, the Automotive Electronics market share is anticipated to be dominated by Asia Pacific. China, South Korea, and Japan are the three countries that lead the Asia-Pacific automotive electronics industry. The growth of the Asia-Pacific market can be linked to Japan, South Korea, and China's high levels of vehicle production and increased use of contemporary electronics.
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The need for automotive electronics in APAC has also increased due to rising luxury and hybrid vehicle sales, the implementation of new safety standards and autonomous technology legislation, and other factors. Particularly in North America and Europe, there has been an increase in demand for interactive systems, such as embedded vision systems, which are capable of real-time image tracking.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
Automotive Electronics Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Automotive Electronics Market Trends
Comprehensive Mapping of Automotive Electronics Industry Parameters
Attractive Investment Proposition in the Global Automotive Electronics Industry
Competitive Strategies Adopted by Automotive Electronics Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the Automotive Electronics Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Automotive Electronics market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Automotive Electronics Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/automotive-electronics-market
SkyQuest has segmented the Global Automotive Electronics Market based on Component, Vehicle Type, and Region:
Global Automotive Electronics Market by Component (Revenue, US$ billion, 2021 - 2028)
Electronic Control Unit
Sensors
Current Carrying Devices
Other
Global Automotive Electronics Market by Vehicle Type (Revenue, US$ billion, 2021 - 2028)
Passenger Cars
Commercial Vehicles
Others
Global Automotive Electronics Market By Region (Revenue, US$ billion, 2021 - 2028)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA
Our Stories on other channels:
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Global Non-GMO Food Market: https://www.digitaljournal.com/pr/global-non-gmo-food-market-to-reach-usd-6-56-billion-by-2028/
Global Ammonium Nitrate Market: https://www.digitaljournal.com/pr/global-ammonium-nitrate-market-to-reach-usd-24-29-billion-by-2028/
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
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