The objective of the survey of Automotive Electronics market is to provide reliable data on various key factors shaping the growth curve and outlook of Automotive Electronics market. The report serves as a rich source of information for key institutions such as policy makers, end-use industries, investors and opinion leaders.
The Demand Analysis of Automotive Electronics Market provides a comprehensive analysis of the diverse characteristics, demand, product development, revenue generation and sales of the Automotive Electronics market across the globe.
Growth in automotive sales amid increasing penetration of new technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) is driving the demand for automotive electronic components. The global automotive electronics market will grow more than two times during the forecast period (2019-2029). Developments such as autonomous driving, connected vehicles and advanced driver assistance systems (ADAS) are fueling the need for automotive electronic products such as electronic control units, sensors, current carrying devices, and others.
Highlights of the Automotive Electronics Market Study
• East Asia and South Asia and Oceania together account for 43% of the total market value. The prevalence of electric vehicles along with increasing automotive sales in developing countries is driving the demand for automotive electronics from these regions.
• North America offers profitable opportunities with 9% CAGR during the forecast period. The presence of major manufacturers in countries such as the US is accelerating the demand for automotive electronic products in the region.
• Due to the increasing penetration of electric vehicles as a new energy option, current carrying equipment will increase by two times.
• The growing concerns of road safety amongst millennial consumers will lead to the expansion of safety systems to more than double their current size.
• Aftermarket sales of smart electronic components will grow by 3X in the aftermarket segment by 2029. Favorable consumer trends such as the adaptation of light and medium duty vehicles is a central force behind the growth of this segment.
Highlights of the Automotive Electronics Report:
• Broad Market Outlook
• Changes in the dynamics of the automotive electronics market
• Broad segmentation of the target market
• Historical, current and forecast size of the Automotive Electronics market by value and volume
• Latest industry developments and market trends of automotive electronics
• Competitive Analysis of the Automotive Electronics Market
• Strategies adopted and product development undertaken by the players in the automotive electronics market
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on the market size of Automotive Electronics
• Market players must have up-to-date and necessary intelligence to enhance and maintain their competitiveness
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