openPR Logo
Press release

Automotive Electronics Market Share, Trends, Research Report, 2016 - 2023

Automotive Electronics Market Share, Trends, Research Report,

The Automotive Electronics Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Automotive Electronics industry targeted at helping in business decisions. Automotive electronics market size was valued USD 185.05 billion in 2015 and is anticipated to be USD 352.92 billion by 2023, as per a new research report by Global Market Insights, Inc.

This can be attributed to mounting scope of these equipments in end use industries. Rising automotive electronics adoption to provide safety features such as alcohol ignition interlocks, emergency call systems and mishap data recorder systems are expected to fuel demand growth. Increasing adoption by original equipment manufacturers on high-volume conventional implementations is also likely to modify the regulatory framework.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/183

Rising emergence of lithium-ion batteries coupled with electronic compressors for hybrid as well as electric vehicles is being optimized in order to minimize the production cost. Lack of indulgent concerning interaction between OEM management and subsystems is expected to challenge the demand growth over the forecast period. However, preventive measures undertaken by countries to curb fatalities will provide opportunities for industry players.

Safety systems market was valued over USD 52.39 billion in 2015 and had a forecast gain of USD 100 billion by 2023, at around 8.5% from 2016 to 2023.
ADAS accounted major automotive electronics market share in 2015, with estimation forecast of USD 56 billion by 2023, growing at a CAGR of over 13%. This can be primarily attributed to increasing safety systems installed in electric and hybrid vehicles on account of mandatory ADAS.

Asia Pacific automotive electronics market was valued around USD 72.63 billion in 2015 and is expected to reach USD 145.58 billion by 2023. The region is likely to grow at a CAGR of 9.1% over the forecast period. This can be attributed to mounting need for tailored features in electric vehicles, enhancement in product quality and reduction in manufacturing cost.

North America region was valued USD 41.73 billion in 2015 and is likely to account 22.95% market share by 2023. This can be attributed to increasing customers need for safety, comfort and convenience.

Body electronics was valued USD 38.61 billion in 2015 and is likely to grow at a GACR of 6.4% from 2016 to 2023. Distinctive features offered such as enhanced communications, safety relevant functionality and low power consumption are anticipated to surge the global demand.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/183

Powertrain automotive electronics market accounted for 20.88% of total shares in 2015 and is likely to reach USD 59.39 billion by 2023. Flourishing need for ECU production, better drivability and cost effectiveness in order to congregate emission norms is expected to drive the demand.

Automotive electronics market was lead by top two key players occupying majority of shares. Bosch and Continental AG were the leading manufactures. Several other major participants include Delphi, ZF Friedrichshafen, TRW and Denso.

Browse Related Reports:

Automotive Electronics Control Unit (ECU) Market Size By Application (Powertrain, Chassis Electronics, Safety & Security, Entertainment, Communication & Navigation), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/automotive-ECU-market-report

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue, Suite L 105,

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 Automotive Electronics Market Share, Trends, Research Report, 2016 - 2023 here

News-ID: 585178 • Views: 185

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for USD

Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Metabolomics Market USD 1.24 Billion by 2020
The global metabolomics market is estimated to reach USD 1.24 Billion in 2020, growing at a CAGR of 15.6% from 2016 to 2020, according to a market research report Metabolomics Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Metabolomics Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/metabolomics-market/ Metabolomics is the scientific study of chemical processes involving metabolites, whereas metabolome represents the collection of all metabolites in a biological cell, tissue, organ or organism, which
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/albumin-market/ The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of