According to Stratistics MRC, the Global Auto Electronics market is accounted for $173.06 billion in 2016 and is expected to reach $401.67 billion by 2023 growing at a CAGR of 12.8%. Technological advancements in electronics industry has well emulsified into automotive sector, giving output as a well maintained and safe driving experience. Prevailing benefits including emergency call system, accident data recorder and alcohol ignition locks system are some of the factors fuelling the market growth. On the other hand, lack of interaction between OEM management and subsystems is the factor inhibiting the market.
ADAS Advanced Driver Assistance Systems segment is estimated to dominate the market owing to the government mandatory deployment terms coupled with growing acceptance of active safety systems in vehicle. Asia Pacific market is expected to dominate the trend in the forthcoming years on account of vehicle customization, superior product quality and low cost. Moreover, North America and Europe are proliferating demand for customer comfort and safety which is driving market over there.
Some of the key players of the Auto Electronics market include Altera, Atmel Corporation, Audiovox Corp., Avago Technologies, Bosch Group, Continental AG, Delphi Automotive, Denso Corp., Dow Corning, Hitachi Automotive, Infineon Technologies, Panasonic, Texas Instruments, TRW Automotive and Wipro.
Vehicle Types Covered:
Light Commercial Vehicles LCV
Heavy Commercial Vehicles HCV
Luxury cars
Premium Passenger Cars
Luxury Passenger Cars
Compact Passenger Cars
Midsized Passenger Cars
Applications Covered:
Entertainment
Body Electronics
ADAS Advanced Driver Assistance Systems
Safety Systems
Powertrain
Sales Channels Covered:
Original Equipment Manufacturers
Aftermarket
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Original Article: Auto Electronics Global Market Outlook 20172023 [Report Updated: 01112017] Prices from USD $4150
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