Automotive Electronics Market Trends, Size, Forecast - 2019-2025
The global automotive electronics market is estimated to grow significantly, at a CAGR of over 7%, during the forecast period. The automotive industry is involved in the design, development, manufacturing, marketing, and trading of motor vehicles. Electronic components, from basic wave radars to temperature sensors are playing prominent roles in new car models. Automotive makers are implementing smart technologies with each model year. Cameras and automotive radar chipsets are being used in newer car models. These components can sense objects in front as well as rear and convey caution message and also activate signals to another set of systems within the car, such as the ABS (Automatic Braking System), to avoid accidents.
Request a free sample of our report on Automotive Electronics Market: https://www.omrglobal.com/request-sample/automotive-electronics-market
The rising demand for autonomous vehicles and electric vehicles is expected to boost the automotive electronics market during the forecast period. An autonomous vehicle is an electronically assisted vehicle; therefore, its functionality is developed with the interconnection of various electronic devices in restricted space and flexible design with various software technologies. Along with this, the increasing demand for safety and comfort features in the automotive further act as a driving factor for the growth of the global automotive electronics market. Despite several driving factors of the market, there are several factors that hamper the market growth, such as high prices of ADAS and increasing risk for data breaches in connected cars.
A full report of Automotive Electronics Market Is available at https://www.omrglobal.com/industry-reports/automotive-electronics-market
Global Automotive Electronics Market Segmentation
By Distribution Channel
OEM
Aftermarket
By Component Type
Sensor
Electronic Control Unit
Current Carrying Devices
By Application
Advanced driver-assistance systems (ADAS)
Infotainment
Powertrain
Safety System
Body Electronics
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Aptiv PLC
Atlas Copco Group
Blaupunkt GmbH
Continental AG
Delphi Technologies PLC
DENSO Corp.
Fujitsu Group
Garmin Ltd.
Harman International Industries, Inc.
Hitachi, Ltd.
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/automotive-electronics-market
About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.
For More Information, Visit https://www.omrglobal.com/
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
