Automotive Electronics Market Growth, analysis and Forecast 2023
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
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Global Automotive Electronics Market Growth: Synopsis
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.
Segmental Analysis
The global automotive electronics market growth has been segmented on the basis of type, sales channel, and application. Based on type, the global market for automotive electronics has been segmented into body electronics, advanced driver assistance systems, entertainment, safety systems, powertrain, and others. Based on sales channel, the global market for automotive electronics has been segmented into OEM and aftermarket. Based on application, the global market for automotive electronics has been segmented into passenger cars, heavy commercial vehicle, light commercial vehicle, electric vehicle, and two-wheeler.
Regional Analysis
Geographically, the global Automotive Electronics Market Growth has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the rest of the world. The North America region commands the major share of the global Automotive Electronics Market Growth during the assessment period owing to the rapid adoption of technologically advanced automobiles, increased demand for automobiles equipped with technologically advanced electronic components, increased sales of automobiles due to increased disposable income, and increasing availability of affordable automobiles equipped with advanced electronics in this region.
Rise in incorporation of artificial intelligence, and machine learning technologies in passenger, as well as commercial vehicles and high demand for electric vehicles, are propelling the expansion of the Automotive Electronics Market Growth in the Europe region. High rate of production of passenger vehicles that are equipped with advanced electronics owing to the increased disposable income and changing lifestyle of the urban population and rise in adoption of electric vehicles that are equipped with advanced infotainment systems are contributing to the growth of the Automotive Electronics Market Growth in the Asia Pacific region.
Key Players
The key players profiled by Market Research Future (MRFR) that are operating in the global Automotive Electronics Market Growth are Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Delta Electronics, Inc. (Taiwan), Infineon Technologies AG (Germany), HGM Automotive Electronics (the U.S.), ZF Friedrichshafen AG (the U.S.), Hitachi, Ltd. (Japan), Atotech (Germany), Denso Corporation (Japan) and Koninklijke Philips N.V. (Netherlands).
Get Full Report (at) https://www.marketresearchfuture.com/reports/automotive-electronics-market-4191
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Datum: 20.03.2020 - 15:32 Uhr
Sprache: Deutsch
News-ID 609371
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Contact person: sagar
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Kategorie:
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Typ of Press Release: Product
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Date of sending: 20/03/2020
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