Automotive Electronics Market Trends, Growth & Forecast, 2017 – 2024

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Automotive Electronics Industry Statistics,
Analysis Forecast To 2024
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Key Insights from Automotive Electronics Market

• Connected cars, over the years, has been one of
  the profound buzzwords in the IoT domain. The
  meteoric rise in automotive electronics market
  demand can be quite effectively credited to the
  aforementioned aspect. As estimated by Global
  Market Insights, Inc, overall automotive
  electronics industry held a massive valuation of
  USD 206.33 billion in 2016.
• Renowned automotive giants across the globe are
  shifting their focus from conventional plain
  vanilla manufacturing methods toward
  technological improvisations, on account of which
  the use of electronic components have
  significantly soared up in the designing of the
  vehicles over the past few years.
• Recently, Arbe Robotics, one of the leading names
  in automotive electronics market, conducted a
  fundraising round, where the company raised
  almost USD 9 million to bring high resolution
  radar systems into full production. Reportedly,
  the Tel Aviv startup is planning to empower its
  radar technology with enhanced capabilities so
  that these hi-tech systems can be readily
  incorporated in self-driving cars in the years
  ahead.

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Continued...

• Citing another instance that has practically
  fetched all the attention lately is NVIDIAs
  Drive PX automotive line. NVIDIA, the Silicon
  Valley based graphics chipmaker has recently come
  up with a ground-breaking chip technology that
  has the capability to develop fully autonomous
  vehicles. Having held a reputation of handling
  almost 320 trillion operations/sec, which is
  roughly around 13-fold increase in its
  calculating power than the present PX 2 class,
  NVIDIAs third generation chip is certainly one
  of the biggest breakthroughs of recent times in
  automotive electronics industry.
• Of late, renowned automotive giants have been
  striving hard to meet the technological demands
  from potential buyers. In an era where
  proliferation of IoT has practically
  revolutionized almost every business sphere,
  automotive electronics market size is sure to
  upscale in the coming years, given the increasing
  demand for smart vehicles.
• Speaking of regulatory framework, Europe stands
  as one of the most prominent regions where strict
  legislations pertaining to vehicle safety and
  fuel consumption have proved to be
  transformational for automotive electronics
  market dynamics.

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North America Automotive Electronics Market, By
Application, 2013-2024, (USD Billion)

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Major Companies in Automotive Electronics Market

• Altera
• Avago
• Hitachi automotive systems
• Dow Corning
• Texas Instruments
• Panasonic
• Wipro

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Regional Insights in Automotive Electronics
Market

• Primarily influenced by the regulatory trends,
  North America also procured a sizable portion of
  the overall automotive electronics industry share
  in 2016, having recorded a revenue of USD 50
  billion in the particular year. Several
  governmental initiatives with regards to vehicle
  as well as pedestrians safety have pushed
  majority of the regional automakers to
  incorporate automatic safety features as a
  default offering.
• As per recent estimates, today, in Europe almost
  40 of the onboard devices in the vehicles are
  based on electronic facilities and looking at the
  pace of innovations, the percentage is claimed to
  witness a sharp rise in near future, which by
  extension, will proliferate regional automotive
  electronics industry share. Germany is forecast
  to be a major revenue pocket for Europe
  automotive electronics market.

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