Press release
Automotive Electronics Market Booms with ADAS & EV Advancements US$ 12.4Bn By 2031 | Most Leading Companies - Geotab, MiX Electronics, Verizon Connect, Teletrac Navman, Omnitracs LLC, CalAmp
Automotive Electronics Market
Automotive Electronics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Automotive electronics refer to the advanced electronic systems used in vehicles to enhance safety, performance, connectivity, and user experience. These include ADAS (Advanced Driver Assistance Systems), infotainment, engine control units (ECUs), telematics, and electric vehicle (EV) components. As vehicles become more connected and autonomous, automotive electronics play a crucial role in driving innovation in the industry.
List of the Key Players in the Automotive Electronics Market:
Geotab, MiX Electronics, Verizon Connect, Teletrac Navman, Omnitracs LLC, CalAmp, Samsara, TomTom, Trimble and Fleet Complete.
Industry Development:
In January 2023, BMW unveiled the i Vision Dee at CES 2023, showcasing advanced digital capabilities for drivers. The vehicle features a mixed reality slider, transforming the windshield into a dynamic digital experience hub. Additionally, Shy-Tech touch sensors allow owners to control the level of digital content seamlessly.
In July 2023, Altium and Ansys announced a partnership to enhance electronic design and development by integrating Altium's electronic computer-aided design (ECAD) tools with Ansys Electronics Desktop. This collaboration, set for release in late 2023, aims to improve digital continuity, reducing development time and minimizing design errors.
In June 2023, AMD introduced the Versal Premium VP1902, the world's largest adaptive system-on-chip (SoC). Featuring 18.5 million logic cells in a compact 77x77 mm four-tile interconnected chiplet, this SoC delivers twice the density and bandwidth of its predecessor, setting new benchmarks in performance and adaptability.
Growth Forecast Projected:
The Global Automotive Electronics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Automotive Electronics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Automotive Electronics Market:
By Type: Engine Electronics, Transmission Electronics, Chassis Electronics, Driver Assistance, Entertainment Systems, Electronic and Integrated, Cockpit Systems
By End-User: Automotive Manufacturers, Fleet Operators, Government and Public, Transportation Agencies, Electronics Manufacturers
Regional Analysis for Automotive Electronics Market:
The regional analysis of the Automotive Electronics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Automotive Electronics market?
➠ Who are the leading manufacturers in the global Automotive Electronics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Automotive Electronics industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Automotive Electronics market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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