Automotive Electronics Market Attracts Investor Interest with Unparalleled Growth Rates

Global Automotive Electronics Market Information Report by Application (Advanced Driver Assistance Systems, Safety Systems, Entertainment, Body Electronics and Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle), and by Region - Global Forecast to 2023

Market Research Future published a research report on “Automotive Electronics Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

The Automotive electronics market has been segmented into four different regions, namely North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to account for the largest share of the global automotive electronics market during the forecast period due to increased use of electronics in vehicles. The region is expected to grow at a steady pace during the forecast period. Asia-Pacific is expected to be the second largest region in this market and will show significant growth due to rise in demand of electronic technology in countries such as India and China. The factors that are responsible for the growth of automotive electronics market are increase in the advancement of technology, and growing concern for safety & security in the vehicle. The advancement in technology have led to increase in demand for the electronic in Automotive. The other factor that are responsible for the growth of this market are increase in purchasing power of the customer and change in the lifestyle of people. The increase in the purchasing power will led to growth in the sales of vehicle with latest technology, which will drive the automotive electronics market during the forecast period.
The automotive electronics market is expected to grow at 4.5% CAGR during the forecast period.

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The automotive electronics market is segment based on applications, vehicle types, and regions. On the basis of applications, advanced driver assistance system is expected to account for the largest share in this segment due to the increase in the development of algorithm, related to signal processing and sensor. The increase in safety of the vehicle is also expected to drive the segment during the forecast period. On the basis of vehicle type, passenger car is expected to witness the highest growth during the forecast period due to increase in safety consciousness among customers and growing demand for entertainment systems in the cars. The advancement in infotainment system in cars, will drive the growth of automotive electronics system market.
The key players in global automotive Electronics market are 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, and Hitachi, ltd.

Delphi Automotive PLC has partnered with valens to enable active safety and infotainment system for future.

Automotive electronics are generally used in vehicles for engine management, ignition, infotainment, and others. There are various electronic systems such as driver assistance system that are developed to minimize risks. Electronics system is one of the major components that also contributes the highest in the price of the vehicle. The automotive electronics market is expected to grow at 4.5% CAGR during the forecast period.

This study provides an overview of the Global Automotive Electronics industry, tracking three market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, Rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Electronics Market. Based on Technology, it is bifurcated as Gravity purifier, UV Purifier and RO Purifier. On the basis of End-User, it is segmented as Commercial and Residential. On the basis of Channel of Distribution, it is segmented as Retail stores, direct sales and Online. On the basis of Region, it is segmented as North America, Europe, Asia-Pacific and Rest of world.

The report for Global Automotive Electronics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Brief TOC:

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures

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