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Automotive Body Electronics Market Size, Overview, Latest Trends, Key Players, Revenue, and Forecast 2031 | Denso Corporation, Hyundai Mob, HELLA
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Factors Influencing the Market
The rapidly growing automotive industry will drive the automotive body electronics market forward. In addition, advancements in automotive technology will increase the demand for the electronic content of modern automobiles. Thus, it will contribute to the growth of the market.
Stringent regulations by government bodies to surge the adoption of electric and hybrid vehicles will benefit the global automotive body electronics market. Furthermore, the rising popularity of advanced features such as advanced passive safety, driver assistance, and passenger comfort will offer ample growth opportunities to fit the automotive body electronics market.
The sudden shift of companies towards manufacturing the maximum range of electric vehicles will escalate the growth of the automotive body electronics market.
The global automotive body electronics market is forecast to gain traction due to several other factors like growing urbanization, increasing disposable income, and rising employment rate.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic disarrayed the entire situation of the automotive industry. Industry players witnessed several challenges, and it ultimately resulted in a revenue drop for most of the automotive manufacturers. Companies like Toyota and BMW registered significant losses due to the pandemic. In addition, various regulations were imposed by the government bodies, which ultimately hampered the growth of the global automotive body electronics market.
Regional Analysis
The Asia-Pacific automotive body electronics market is forecast to develop at the highest growth rate. It is due to the presence of prominent automotive manufacturers, such as Toyota, Hyundai, etc., which will create lucrative growth opportunities for the automotive body electronics market. Furthermore, the growing automotive industry and stringent regulations by government bodies, mainly in China and India, will surge the growth of the market. Furthermore, increasing demand for lightweight vehicles with advanced features will contribute to the market growth during the forecast period.
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Competitors in the Market
Robert Bosch
Continental AG
Denso Corporation
Hyundai Mob
HELLA
NXP Semiconductors
Cypress Semiconductor
STMicroelectronics
ZF
Dallas Semiconductors
Fujitsu Semiconductor
Microsemi
Other Prominent Players
Market Segmentation
The global automotive body electronics market segmentation focuses on Components, Body Features, Application, and Region.
By Component Outlook
MCU
ICs
Sensors
DC-DC converters
Other Components
By Body Features Outlook
Windows and Door Modules
Seating Modules
Roof Module Control
Light Control
Wiper and Mirror Module
Auto HVAC
Remote Keyless Entry
By Application Outlook
Passive Safety
Driver Assistance
Passenger Comfort
Vehicle Security System
Infotainment Systems
Chassis Electronics
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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