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Automotive Electronics Market Trends | Industry Forecast, 2016 – 2023


Get More Information @ Automotive electronics market size is anticipated to reach USD 353 billion by 2023, growing at a CAGR of 8.4% from 2016 to 2023. – PowerPoint PPT presentation

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Title: Automotive Electronics Market Trends | Industry Forecast, 2016 – 2023

Automotive Electronics Market growth outlook with
industry review and forecasts, 2016 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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.
  • Rising automotive electronics adoption to provide
    safety features such as alcohol ignition
    interlocks, emergency call systems and mishap
    data recorder systems are expected to fuel demand
  • The digitally connected era demands the cars to
    be smart, which is boosting the automotive
    electronics market size.
  • 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.

  • Safety systems market was valued over USD 52.39
    billion in 2015 and had a forecast gain of USD
    100 billion by 2023, at around 8.5 from 2016 to
  • ADAS accounted major automotive electronics
    market share in 2015, with estimation forecast of
    USD 56 billion by 2023, growing at a CAGR of over
  • 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.
  • Powertrain automotive electronics market
    accounted for 20.88 of total shares in 2015 and
    is likely to reach USD 59.39 billion by 2023.

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


Browse Full Market Research Report On
Automotive Electronics Market _at_
http// Request for a Sample
of this Research Report _at_ https//www.gminsights.c
360 Analysis
  • Product Analysis
  • New technologies such as low-speed collision
    avoidance system and driver assistance system
    provide several advantages by installation of
    map-enabled equipment in automotives.
  • 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.
  • Asia Pacific automotive electronics market size
    accounted for over 39 of the global revenue in
    2015. The region is likely to grow at 9 and will
    reach USD 145 billion by 2023.
  • Competitive Market Share
  • The competitive nature of the industry has given
    rise to an emphasis on establishing strategic
    alliances with channel partners. Continental and
    Bosch accounted for more than 40 of the total
    automotive electronics market share in 2014.

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