Press release
Automotive Electronics Market Is Predicted To Grow At A CAGR Of 4.5% By 2023
Automotive Electronics Market
The growth in automotive industry directly translates into increasing demand in the automotive electronics market. Moreover, technological advancements such as electrical active suspensions and power trains for electric vehicles and heavy investments are helping the automotive electronics market, grow. Additionally, automotive electronics also provides front lighting system and driver assistance systems are also anticipated to amplify industry demand. Rising trend of in-vehicle infotainment is also likely to help boost the market growth. However, high complexity levels and lacking understanding of the overall subsystems’ may hinder the growth.
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Key Players:
• Koninklijke Philips N.V. (Netherlands)
• Delphi Automotive PLC (UK)
• Sanyo Electric Co., Ltd. (Japan)
• Denon (Japan)
• Yamaha Corporation (Japan)
• Sony Corporation (Japan)
• Continental AG (Germany)
• Denso Corporation (Japan)
• OMRON Corporation
• Hitachi ltd.
Market Research Future Analysis:
The entire automotive industry in North America is undergoing a revolution, with automotive electronics playing a crucial role in shaping the industry. This market has observed a phenomenal growth, owing to the major driving factors such as advancement of technology and increasing concern for safety and security in vehicles, which are turned into a revolution for automotive industry. Additionally, change in lifestyle of the consumers boosts the growth of the entertainment systems under the automotive electronics market. The global automotive electronics market is expected to grow at CAGR of 4.5% during the forecast period.
Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continue…
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