Global Automotive Electronics Market Research Report, 2016 – 2023

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Global Automotive Electronics Market Research
Report, 2016 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Electronics Market

• The automotive players across the globe are
  moving away from the plain vanilla manufacturing
  methods and focusing towards the technological
  implementations in the vehicles.
• Driven by the high demand for features like
  vehicle infotainment, networking, Automated
  Driver Assistance Systems (ADAS), powertrain,
  chassis, body electronics, safety, and security,
  the electronics component covers nearly 90 in
  the overall vehicle innovation.
• In various regions, the government has mandated
  the use of ADAS in the vehicles to ensure the
  passenger and vehicle safety, which in turn will
  build a huge growth scope for the automotive
  electronics industry.

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Continued...

• In this scenario, the IT and the consumer
  electronics industries are leaving no stone
  unturned to enter vigorously in this business
  space. This will provide them with ample
  opportunities to explore the rapidly rising
  market of automotive electronics.
• Samsung acquisition of Harman, an automotive
  giant is one such move, wherein the consumer
  electronics giant will get to explore the
  automotive industry, undoubtedly, electrifying
  the automotive electronics industry.
• Continental and Bosch accounted for more than 40
  of the total automotive electronics market share
  in 2014. Other major competitors include Delphi,
  ZF Friedrichshafen, TRW, and Denso.

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Asia Pacific automotive electronics market size
by application, 2012-2023 (USD Billion)
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360 Analysis

• Product Analysis
• They also allow lane departure system,
  intelligent front lighting system and driver
  assistance systems that are enabled by united
  adaptive front lighting. Safety equipment
  includes speed alert, map-supported adaptive
  front lighting, collision warning and usage data
  transmission.
• Regional Analysis
• North America automotive electronics market size
  was valued at USD 40 billion in 2015 and is
  expected to reach USD 80 billion by 2023.
  Proliferating demand for comfort and convenience
  among consumers is likely drive growth. In
  addition, rising safety concerns are also
  anticipated to amplify industry demand.
• Competitive Market Share
• Continental and Bosch accounted for more than 40
  of the total automotive electronics market share
  in 2014. Other major competitors include Delphi,
  ZF Friedrichshafen, TRW, and Denso.

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