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(Transportation-News.com, October 01, 2018 ) The global Automotive electronics market generated USD 226.5 billion in 2017 and is anticipated to grow at a CAGR of 9.1% during the forecast period according to a new study published by Polaris Market Research.
Automotive electronics are specially-designed electronics intended for use in automobiles. Automotive electronics includes devices that have been designed and adapted for use in automobile applications such as telematics, ADAS, and infotainment systems among others. The applications of automotive electronics include vehicle and trailer tracking, wireless vehicle safety communications, emergency warning system, intelligent vehicle technologies, car-sharing technologies, satellite navigation, and road safety among others.
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The demand for automotive electronics has increased owing to increasing need for road safety, and growing demand for vehicles from emerging economies. Market players are developing autonomous vehicles, which further increases the demand for automotive electronics. The rising penetration of electric and hybrid vehicles has also resulted in the Automotive electronics market growth. There has been a significant growth in the demand for luxury, comfortable, and technologically advanced vehicles, thereby boosting the growth of the automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and emissions further increases the demand for automotive electronics. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Electronics Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The Asia-Pacific Automotive electronics market generated the highest revenue in the market in 2017 owing to increasing disposable income and improved living standards in the region. The established automotive industry, and strict government regulations have resulted in increasing adoption of automotive electronics in the region.
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Competitive Landscape and Key Vendors
The global automotive electronics market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V.
Key Segments
Application
• Powertrain
• ADAS
• Safety Systems
• Infotainment
• Body Electronics
• Others
Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
Sales Channel
• OEM
• Aftermarket
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
Middle East and Africa.
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About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Polaris Market Research
Neel
+1-646-568-9980
neel@polarismarketresearch.com
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