Automotive Electronics Market Global Research Report: Information by Type, Sales, Application and Region – Forecast till 2023

Global Automotive Electronics Market to Project Notable Expansion At A CAGR Of 6.56% During The Forecast Period Of 2018-2023

Pune, India - January 15, 2019 /MarketersMedia/ —

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Global Automotive Electronics Market: Key Players

The prominent players profiled by MRFR that are operating in the global automotive electronics market are Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Infineon Technologies AG (Germany), HGM Automotive Electronics (the U.S.), Hitachi, Ltd. (Japan), Delta Electronics, Inc. (Taiwan). Atotech (Germany), ZF Friedrichshafen AG (the U.S.), Denso Corporation (Japan) and Koninklijke Philips N.V. (Netherlands).

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Global Automotive Electronics Market: Segmental Analysis

The global automotive electronics market is segmented on the basis of type, sales channel, application, and region. Based on type, the global automotive electronics market has been segmented into advanced driver assistance systems, body electronics, entertainment, powertrain, safety systems, and others. Based on sales channel, the global automotive electronics market has been segmented into OEM and aftermarket. Based on application, the automotive electronics market has been segmented into passenger cars, light commercial vehicle, heavy commercial vehicle, electric vehicle, and two-wheeler.

Global Automotive Electronics Market: Regional Analysis

The global automotive electronics market has been geographically segmented into four major regions such as North America, Asia Pacific (APAC), Europe and the rest of the world. The North America region is projecting dominance over the global automotive electronics market owing to the high demand for automobiles that are equipped with advanced electronic components as a result of rapid increase in population, increased disposable income, and easy adoption of advanced technology in this region. Availability of advanced automotive electronics at affordable prices and inclination towards owning luxury vehicles are also propelling the growth of the automotive electronics market in the North America region. Increased incorporation of artificial intelligence technology in passenger and commercial vehicles and increasing demand for electric vehicles are fueling the growth of the automotive electronics market in the Europe region. Increased production of passenger vehicles that are equipped with advanced electronics and increasing adoption of electric vehicle with advanced infotainment systems are enhancing the growth of the automotive electronics market in the Asia Pacific region.

Global Automotive Electronics Market: Synopsis

Market Research Future (MRFR) has published a detailed report stating that the global automotive electronics market is marked to expand at a notable CAGR of 6.56% during the forecast period of 2018-2023. Increasing demand for advanced electronics in automobiles to assist the drivers with various vital functions that are important while driving is majorly fueling the growth of the global automotive electronics market. Proliferation in vehicle manufacturing due to increased global demand for passenger as well as commercial vehicles and increased popularity of infotainment systems in personal vehicle are aiding the growth of the global automotive electronics market. Rise in incidences of road accidents has induced high demand for advanced electronics such as sensors, head-up displays, and others, which in turn is driving the growth of the global automotive electronics market. Development of internet of things and incorporation of artificial intelligence technology that optimizes the driving experience in vehicles are some other factors that are fueling the expansion of the global automotive electronics market. However, high cost of maintenance and replacement of automotive electronics is likely to restrain the growth of the global market for automotive electronics during the assessment period.

Global Automotive Electronics Market: Industry Updates

In January 2019, Qualcomm has announced the launch of its latest line of chips targeting the car's central console which will allow drivers to download driving direction with voice commands.

In January 2019, Sinclair Broadcast Group (SBGI) and SK Telecom have announced that they have signed a Memorandum of Understanding with Harman for development and commercialization of digital broadcasting network-based automotive electronics technology.

In January 2019, Inventec, Taiwan's notebook ODM, has announced that it will be deploying its new segment of 5G services and automotive electronics in the year 2019.

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Table of Contents

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global Automotive Electronics Market, By Type

6 Global Automotive Electronics Market, By Sales Channel

7 Global Automotive Electronics Market, By Application

8 Global Automotive Electronics Market, By Region

9 Competitive Landscape

10 Company Profile

Continued…….

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