San Francisco,15
October 2018: The global automotive electronics market is expected to reach USD 279.96 billion by 2020,
according to a new study by Grand View Research, Inc. Growing demand for advanced
driver assistance systems and premium audio systems are some of factors
expected to drive the automotive electronics market through the forecast
period. Continuous growth in the number of electronics components used by
automotive manufacturers has spotlighted new opportunities for suppliers.
Emergency call systems, alcohol ignition interlocks and accident recorder
systems are various technologies that are expected to spur market growth
through the forecast period.
High level of complexity
and lack of awareness about the overall understanding of the subsystems may
curb market growth. Various complexities include tolerance stackup, mechatronic
interaction and harsh operating environment. In order to meet the rising complexity
issues, OEMs are focusing on product innovation such as reducing weight, and
decreasing number of modular platforms. Additionally, increasing trend towards
in-vehicle infotainment is expected to yield opportunities for the automotive
electronics market.
Access Research Report
of Automotive Electronics
Market @ www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
Further key findings from the study suggest:
· Increased penetration towards electric
vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive
electronics component demand. This is attributed to reduced product cost
associated with emission controls and enhanced lithium-ion battery cooling
capabilities.
· Application segments include body
electronics, powertrain, ADAS, safety and infotainment. ADAS is expected to
exhibit high growth over the next six years. This growth is attributable to
stringent safety regulations leading to the large-scale adoption of active
safety systems in modern cars.
· Proliferation of in-car infotainment
systems owing to eco-efficiency, security and comfort factors is also estimated
to positively impact automotive electronics market growth. Demand for in-car
data storage to support sophisticated in-car features is expected to be the key
growth driver for the infotainment systems.
· North America was the largest regional
market in 2013. Asia Pacific is expected to witness high growth due to rising
need for reduced production cost, customized vehicle features, meet stringent
standards and increase product quality. Countries such as China and India are
expected to favorably impact regional market growth.
· Notable companies operating in the market
include Continental AG, Bosch, Delphi, Denso, Autoliv, TRW Automotive and
Johnson Controls. Key growth strategies employed include building technology
partnerships with other participants in the ecosystem.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has
segmented the global automotive electronics market on the basis of application
and region:
Automotive Electronics Application Outlook
(Revenue, USD Billion, 2012 – 2020)
·
ADAS
·
Body Electronics
·
Infotainment
·
Powertrain
·
Safety Systems
Automotive Electronics Regional Outlook
(Revenue, USD Billion, 2012 – 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Press Release of
Automotive Electronics Market@ www.grandviewresearch.com/press-release/global-automotive-electronics-industry
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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