Automotive Electronics Market- Global Industry Share, In-Depth Study, Business Overview 2019-2025

[Feb, 2019] The global automotive electronics market size is expected to reach USD 410.13 billion by 2025 at a CAGR of 8.7% over the forecast period. Stringent government regulations regarding fuel emission standards along with growing inclusion of road safety systems and demand for state-of-the-art vehicles are anticipated to drive the market. Technological shift towards advanced safety systems is expected to fuel the demand further over the next few years. Functionalities, such as emergency call systems, accident data recorder systems, and alcohol ignition interlocks, are also predicted to spur the market growth.

Essential electronic systems used to ensure the passenger safety include back-up sensing system, airbags, on/off switches for airbags, energy-absorbing steering system, electro-chromatic mirrors/auto-dimming mirrors, head restraints, padded knee bolster, head-up display, and passenger sensing system. Increasing awareness among consumers and initiatives by various governments have boosted the adoption of safety systems in vehicles.

For instance, China and the European Commission launched New Car Assessment Program (NCAP), which mandates the inclusion of Automatic Emergency Braking (AEB) and Lane Departure Warning (LDW) feature, thus, improvising the vehicle safety standards. Companies offering infotainment solutions are consolidating features, such as Advanced Driver-Assistance Systems (ADAS) and in-vehicle infotainment.

Get Free Sample Copy of this Report at:
https://www.radiantinsights.com/research/automotive-electronics-industry/request-sample

For instance, NVIDIA Corporation launched the DRIVE CX platform, which can be used for ADAS, as well as infotainment solutions, in next-generation autonomous vehicles. Asia Pacific accounted for the majority share of the market in 2018 and is anticipated to continue the dominance over the forecast period. This growth is attributed to the massive investments in the automotive industry, primarily in emerging economies, such as China, Japan, and India.

Moreover, growing consumer preference for hybrid and luxury vehicles and integration of autonomous technologies in automobiles are augmenting the demand for automotive electronics in the region. Furthermore, demand for in-vehicle infotainment systems for an interactive environment, such as embedded vision systems for real-time image tracking, has gained prominence, specifically in North American and European regions, thereby supporting product demand.

Further key findings from the study suggest:

• The current carrying devices segment is anticipated to lead the market owing to significantly high penetration of fuses, relays, wiring, and connectors in vehicles

• Safety systems is the largest application segment and is expected to register a CAGR of 8.8% over the forecast period.

• Asia Pacific is expected to be the largest automotive electronics market over the forecast period

• This growth is attributed to the presence of emerging automotive hubs, such as China, and India, in the region

• Some of the prominent industry participants include Robert Bosch GmbH, Continental Corporation, Intel Corporation, Denso Corporation, Aptiv PLC, and ZF Friedrichshafen AG

Check out Full Report with TOC at:
https://www.radiantinsights.com/research/automotive-electronics-industry

Table of Contents:

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.2.1 Gvr’s Internal Database
1.3 Research Methodology
1.4 Geographic Scope & Assumptions
1.5 Region/Country Wise Market Calculation
1.5.1 Region/Country Wise Market: Base Estimates
1.5.2 Region/Country Market: Cagr Calculation
1.6 Region-based Segment Share Calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations

Chapter 2 Executive Summary

Chapter 3 Market Definitions
3.1 Market Segmentation

Chapter 4 Industry Outlook
4.1 Market Snapshot
4.2 Global Automotive Electronics Market Trends
4.3 Global Automotive Electronics Market
4.3.1 Component Segment Trends
4.3.2 Application Segment Trends
4.3.3 Sales Channel Segment Trends
4.3.4 Region Segment Trends
Continued...

See our similar reports at: https://www.radiantinsights.com/catalog/automotive

Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com