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.
Global
automotive electronics market by application, 2012 – 2020
Browse full
research report on Automotive Electronics Market: http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry
Further
key findings from the report 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: http://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
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- RoW
- Brazil
Access
Press Release By Grand View Research: http://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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