openPR Logo
Press release

Automotive Electronics Market - Economic Recovery Boosts Europe Automotive Electronics Market

Automotive Electronics Market - Economic Recovery Boosts

The global automotive electronics market is gaining from the rising safety considerations that greatly influence consumers’ buying decision for automobiles. Automotive electronics comprise electrically operated systems that are installed in vehicles. Electronic fuel injection, advanced driver assistance, airbag, telematics, and in-car entertainment are some of the areas where automotive electronics are deployed in order to increase the overall efficiency.

High-end electronics equip vehicles with navigation, information, and entertainment systems that are delivered over a wireless network. So much so, infotainment technologies embedded in the dashboard hold considerable importance for car buyers. This requires additional storage space for rich multimedia data and advanced software and applications thereby driving an explosive growth of volatile as well as nonvolatile memories.

Obtain Report Details @https://www.transparencymarketresearch.com/automotive-electronics-market.html

As electric and hybrid vehicles become popular, automotive electronics are likely to become the key focus of manufacturers of automotive electronics. Further, technological advancements such as power trains and electrical active suspensions for electric vehicles is likely to increase the application areas of power electronics in the automotive sector.

automotive electronics market
Government-driven safety programs such as New Car Assessment Programs (NCAP) are aimed at increasing the overall road safety. This, in turn, is expected to lead to the development of newer technologies so as to reduce the impact and possibility of accidents. Almost 40% on-board components in a car are electronic based and this percentage is likely to grow with the regulations that govern the automotive industry.

However, automotive electronics security is a major concern with increasing vehicular connectivity and system complexity. To address this, industry meets such as Automotive Electronic Systems Innovation Network (AESIN) are striving to create real solutions to secure against cybercrime and hacking.

As per estimates presented by a report by Transparency Market Research (TMR), the global automotive electronics market will clock a CAGR of 7.4% for the forecast period between 2017 and 2022. Progressing at this pace, the market will likely be valued at US$5,048.9 mn by the end of 2022 from its evaluated worth of US$3,530.7 mn in 2017.

Hera are some key insights about developments in the global automotive electronics market in the coming years:

Among the various vehicle type segments, mid-sized passenger cars is likely to contribute a revenue of US$923.3 mn by the end of 2017. This revenue contribution will amount the segment to hold 26.2% of the market in 2017. Progressing at a CAGR of 6.8% over the forecast period, the mid-sized passenger car segment is likely to contribute a revenue of US$1,282.3 mn by the end of 2022 to represent 25.4% of the market.

From a geographical perspective, Europe is anticipated to dominate the global automotive electronics market in 2017 vis-à-vis revenue. The region is anticipated to display a 6.5% CAGR over the forecast period between 2017 and 2022 to be valued at US$1,265.8 mn by the end of 2022.

Make an Enquiry @https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31742

North America is a significant market for automotive electronics. The region is estimated to be worth US$787.7 mn and further rise to a valuation of US$1,159.3 mn by 2022-end expanding at a CAGR of 8% from 2017 to 2022.

Global Automotive Electronics Market: Competitive Analysis

The worldwide market for automotive electronics features a considerably high degree of competition on account of presence of a multitude of established players. Leading players in the global automotive electronics market include Infineon Technologies AG, Texas Instruments Inc., ON Semiconductor Corp., ST Microelectronics N.V., Maxim Integrated Products Inc., NXP Semiconductor NV, OMRON Corporation, Robert Bosch GmbH, Hitachi Ltd., and ZF Friedrichshafen AG.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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 - Economic Recovery Boosts Europe Automotive Electronics Market here

News-ID: 815533 • Views: 285

More Releases from Transparency Market Research

Global Hospital Bed Accessories Market Industry Development Trends & Competitive …
Hospital beds have evolved over the last decade. New and multipurpose hospital beds have entered the market, enabling health care providers to provide better care to the patients. Based on patient requirements and conditions, various types of hospital beds are available such as flower beds and ICU beds. These beds are of three main types: manual hospital beds, semi-electric hospital beds, and electric hospital beds. Manufacturers are developing innovative designs
Hemoglobin A1c Testing Market: Report Analysis Global Market Revenue, Trend, gro …
Hemoglobin A1c Testing Market: Scope of the Report A new study on the global hemoglobin A1c testing market was published by Transparency Market Research (TMR). It presents a wealth of information on the key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global hemoglobin A1c testing market. TMR’s study offers valuable information about the global hemoglobin A1c testing market, to illustrate how growth
Healthcare/Medical Simulation Market: Emerging Trends, Business Growth Opportuni …
Global Healthcare/Medical Simulation Market: Overview The end users of medical simulation, which is leveraged to train and teach medical professionals about different types of surgeries and teach students about anatomy and physiology, include hospitals, academics, and military, among others. Depending upon the products and services, the global healthcare/medical simulation market can be segmented into computed tomography, high fidelity mannequins, magnetic resonance imaging, live environments, serious game, simulated clinical environment, positron emission
Global Genome Engineering Market: Business Growth, Development Factors, Applicat …
TMR’s report on the global genome engineering market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global genome engineering market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Automotive IoT Market
The Internet of Things (IoT) is reshaping several sectors, including automotive. With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing. This factor is reflecting positively on global automotive IoT market, which is
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM