(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:36 /Comserve / -- The global Automotive Electronics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World.
The global Automotive Electronics market will grow by US$ 2.9 Billion by 2024 at a CAGR of 9% in the given forecast period.
Automotive electronics comprises of electrically operated systems deployed in vehicles. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems is primarily used in order to increase the overall efficiency of the combined system.
Increasing integration and adoption of advanced safety systems such as automatic emergency braking, lane departure warning, and airbags to reduce road accidents, is anticipated to fuel the growth. Additionally, rising demand for luxury and hybrid vehicles is expected to significantly boost the growth. Growing consumer preference for vehicles integrated with Advanced Driver-Assisted Systems (ADAS), such as Adaptive Cruise Control (ACC), park assist, and blind-spot detection, has been propelling the market growth.
The global Automotive Electronics market Based on Application the global Automotive Electronics market is segmented in ADAS, Infotainment, Body Electronics, Safety Systems, and Powertrain Electronics. Based on Component the global Automotive Electronics market is segmented in Electronic Control Unit, Sensors, Current Carrying Devices, and Others.
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Based on Distribution, the global Automotive Electronics market is segmented in OEM and Aftermarket.
The global Automotive Electronics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Automotive Electronics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Hitachi Automotive Systems Ltd., Microchip Technology Inc., Panasonic Corporation, NXP Semiconductors N.V., Texas Instruments Incorporated, Valeo Inc., Altera (Intel Corporation), Broadcom Ltd., HELLA GmbH & Co. KGaA (HELLA), Infineon Technologies AG, and others are among the major players in the global Automotive Electronics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Automotive Electronics Market has been segmented as below:
Automotive Electronics Market, By Application
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
Automotive Electronics Market, By Component
Electronic Control Unit
Sensors
Current Carrying Devices
Others
Automotive Electronics Market, By Distribution
OEM
Aftermarket
Automotive Electronics Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
Automotive Electronics Market, By Company
Hitachi Automotive Systems Ltd.
Microchip Technology Inc.
Panasonic Corporation
NXP Semiconductors N.V.
Texas Instruments Incorporated
Valeo Inc.
Altera (Intel Corporation)
Broadcom Ltd.
HELLA GmbH & Co. KGaA (HELLA)
Infineon Technologies AG
The report covers:
Global Automotive Electronics market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Automotive Electronics market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Automotive Electronics market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
Report Scope:
The global Automotive Electronics market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automotive Electronics market share. Major industry players with significant revenue share include Hitachi Automotive Systems Ltd., Microchip Technology Inc., Panasonic Corporation, NXP Semiconductors N.V., Texas Instruments Incorporated, Valeo Inc., Altera (Intel Corporation), Broadcom Ltd., HELLA GmbH & Co. KGaA (HELLA), Infineon Technologies AG, and others.
Reasons to Buy this Report:
Gain detailed insights on the Automotive Electronics industry trends
Find complete analysis on the market status
Identify the Automotive Electronics market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making.
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