(MENAFN- Ameliorate Digital Consultancy) Automotive E-E Architecture market is expected to grow at more than 11.44% CAGR from 2023 to 2029. It is expected to reach above USD 184.9 billion by 2029from a little above USD 84 billion in 2022.
automotive e-e architecture Market 2023 research report covers obvious information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the outlook of players, countries, product types and end industries.
Electrification, autonomous driving, connectivity, and the introduction of digital automobiles are some of the primary technologies driving industry expansion. OEMs (Original Equipment Manufacturers) are intensifying their attention on centralising the E/E Architecture in order to incorporate cutting-edge sophisticated technologies in cars. Traditional architecture is ineffective and expensive as a result of the incorporation of more advanced add-on features in the vehicle. So, in the upcoming years, there will likely be a substantial demand on the market for contemporary EE architecture.
Future E/E architectures will consist of a few very powerful vehicle computers that will be connected to the embedded control units, sensors, and actuators via the vehicle-centralized, zone-oriented E/E architecture. A feature of the new E/E communication network (ComNET) topology is the centralization of the data streams. The zone ECUs send the data via high-speed Ethernet to the connected vehicle computers.
This type of connection ensures the data communication is faster, securer, and performs better – both internally within the vehicle and externally via the link to the cloud. Moreover, it means the vehicle's wiring harness becomes shorter, which in turn results in cost and weight savings.
Additionally, technology industry the report provides insights into the regional analysis that refuges different regions, contributing to the growth of the market. The Global Automotive E-E Architecture Market consists of data collected from numerous primary and secondary sources.
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Who are the Top Players Automotive E-E Architecture Market?
Some of the major companies operating in the global Automotive E-E Architecture market is Aktiengesellschaft, Aptiv PLC, Hella GmbH & co. KGaA, Magna International Inc, MAHLE GmbH, Robert Bosch GmbH, Valeo SE, Visteon Corporation, ZF Friedrichshafen AG, Hitachi, Ltd. and Others.
Recent Developments
In January 2019, the Autoliv company introduced safety score, a smartphone application to develop safer drivers. Volkswagen announced a new software development group that will create basic uniform software functions across the company's brands, and eventually consist of five thousand software experts and engineers
Key Market Segments: Global Automotive E-E Architecture Market
Automotive E-E Architecture Market By System Type, 2019-2028, (IN USD Million)
Electronic
Electrical
Automotive E-E Architecture Market By Component Type, 2019-2028, (IN USD Million)
Hardware
Software
Automotive E-E Architecture Market By Application, 2019-2028, (IN USD Million)
Commercial Vehicles
Passenger Vehicles
Automotive E-E Architecture Market By Structure Type, 2019-2028, (IN USD Million)
Distributed Architecture
Domain Centralized Architecture
Vehicle Centralized Architecture
Key Drivers of Automotive E/ E Architecture Market
The worldwide automotive E/E architecture industry is being driven by developments in information technology, including Artificial Intelligence (AI) and emerging tendencies toward autonomous cars. The development of autonomous vehicles (AV) is a key driver of the automotive E/E architecture industry. Automotive OEMs are launching the next-generation automotive E/E architecture to allow automation as a result of ongoing developments in self-driving cars.
The market for automotive E/E architecture is being driven by the demand for connected automobiles as well as a growth in IoT trends. The conventional ECUs used in automobiles are under pressure from the quick increase in processing capacity in vehicles brought on by the increased usage of AI-based technologies. Automotive E/E architecture are being utilised in automobiles more often since centralised computation-based E/E architecture helps manage computational power more effectively.
Automotive E-E Architecture Market Regional Insights
North America: The market in North America is expected to grow at a significant rate due to the high adoption of e-commerce and the increasing use of IoT and AI technologies. The U.S. and Canada are expected to be major contributors to the market growth.
Europe: The market in Europe is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for contactless delivery options. The UK, Germany, and France are expected to be major contributors to the market growth.
Asia Pacific: The market in Asia Pacific is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for Automotive E-E Architecture Market in countries such as China, Japan, and South Korea.
Latin America: The market in Latin America is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Automotive E-E Architecture Market in countries such as Brazil and Mexico.
Middle East and Africa: The market in Middle East and Africa is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Automotive E-E Architecture Market in countries such as Saudi Arabia, UAE, and South Africa.
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TABLE OF CONTENTS
Global Automotive E-E Architecture Market Research Report 2023 – 2029
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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