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(MoneyNewsWire.Net, February 20, 2018 ) Automotive Electronics Market 2018
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
Key Players
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.
The automotive electronics market is expected to grow at 4.5% CAGR during the forecast period.
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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 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 report for 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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