The latest report published by IMARC Group, titled “Automotive Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global automotive electronics market analysis report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global automotive electronics market reached a value of US$ 272.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 415.6 Billion by 2027, exhibiting at a CAGR of 7.1% during 2022-2027. Automotive electronics refer to specially-designed electronics that are intended for use in both on-road and off-road automobiles such as trucks, tractors, forklifts, excavators, and electric and hybrid cars. These electronics enhance engine control and aid in providing higher safety, security and comfort to the driver as well as the passengers in a vehicle. For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes, whereas electronic car security locks offer enhanced security by using remote-controlled locks and a central locking system. Airbags, infotainment, advanced driver assistance and electronic fuel injection are some of the other areas wherein automotive electronics systems are utilized.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Request for a free sample copy of this report: https://www.imarcgroup.com/automotive-electronics-market/requestsample
Global Automotive Electronics Market Trends:
One of the vital factors that are propelling the growth of the automotive electronics industry is technological advancements. The arrival of autonomous or driverless cars, in confluence with the launch of cost-efficient electric vehicles with enhanced features, is impelling the market growth.
Moreover, a shift towards luxury vehicles that are equipped with in-vehicle entertainment devices, offering a relatively more sophisticated and interactive user experience is stimulating the demand for automotive electronics across the globe. Apart from this, advanced computing technologies including parking assistance, electrical suspensions, braking and steering systems are being applied in cars to decrease accidents and fatalities. Moreover, manufacturers are introducing product innovations like active-window display, remote vehicle shutdown, exhaust emission control and reconfigurable body panels to expand their consumer base.
Global Automotive Electronics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- OMRON CORP(OMRNY)
- Robert Bosch GmbH
- Infineon Technologies AG
- HGM Automotive Electronics
- Hitachi, Ltd.
- Delta Electronics, Inc.
- Atotech Deutschland GmbH
- TRW Automotive
- Continental AG
- Bosch Group
- Altera Corporation
- Lear Corporation
- Aptiv
- Texas Instruments
- Atmel Corporation
- Altera Corporation
- Denso Corporation.
Market Breakup by Component:
- Electronic Control Unit
- Sensors
- Current Carrying Devices
- Others
Market Breakup by Vehicle Type:
- Light Commercial Vehicles
- Passenger Vehicles
- Heavy Commercial Vehicles
- Others
Market Breakup by Distribution Channel:
- OEM
- Aftermarket
Market Breakup by Application:
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain
Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- The Middle East and Africa
- Latin America
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-electronics-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
