Automotive Electronics Market Trends | Industry Forecast, 2016 – 2023

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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
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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.
• 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
  growth.
• 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.

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Continued...

• 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
  2023.
• ADAS accounted major automotive electronics
  market share in 2015, with estimation forecast of
  USD 56 billion by 2023, growing at a CAGR of over
  13.
• 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.

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

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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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