As per this study the Global Automotive Electronics Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%.
Automotive electronics refers to the specially designed electronics for the use in automobiles. Automotive electronics have expanded its applications across various automotive component such as headlight and LED brake light and seat control inside the cars. Automotive electronics in car offer more comfort, more secure, and more energy-efficient.
The increasing penetration of electronic vehicles (EV) and hybrid electric vehicles (HEV) across the globe is driving market growth. Also, increasing investments by manufacturers on R&D for developing high-performance products at a lower cost is further fuelling the market growth. In addition, technological advancements in the automobile industry along with the enhancements of powertrain, safety, comfort, advanced sensors, and the other component is again boosting the market growth. Furthermore, ongoing R&D in order to enhance customer’s safety and reduce road accidents is expected to drive the market growth over the forecast period. On the other hand, intensification in design complexities and increased risk for data breaches and cyber-attacks as well as high maintenance and replacement cost may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive electronics.
The broad automotive electronics market has been sub-grouped into component, application and sales channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Current Carrying Devices
By Sales Channel
- Body Electronics
- Safety Systems
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive electronics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Automotive Electronics Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive electronics market include Altera (Intel Corporation), Broadcom Ltd., Continental AG, Delphi Technologies, Denso Corporation, Hella Gmbh & Co. Kgaa (Hella), Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Microchip Technology, Inc., NXP Semiconductors N.V., Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Valeo Inc., Visteon Corporation, Xilinx, Inc., and ZF Friedrichshafen AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.