Global Automotive Electronics Market Size & Share Worth USD 490.6 Billion with 9.1% CAGR by 2026 | Industry Trends & Forecast by Polaris Market Research
Polaris Market Research provides a deep analysis of Automotive Electronics which evaluates business solutions, assesses, research and development, application, benefits, advantage, scope, and operations. This report offers an in-depth analysis and development of industry major manufacturers, key drivers, opportunity, challenge, international suppliers also deep study on risks and entry barriers. It also offers competitive analysis on the latest technology, trend, innovation, future scope, Industry Share, sales, revenue generation, investment analysis, and overall business scenario.
The global Automotive Electronics Market size was valued at USD 226.5 Billion in 2017 and is anticipated to reach USD 490.6 Billion by 2026, to grow at a CAGR of 9.1% during the forecast period.
These studies also involve the important achievements of the market, research & development, new product launch, regional growth, leading competitors over the universal and local scale. The industry report analysis and insights of manufacturers steering growth, revenue, share, supply, opportunity, challenges, and restrain development. It also the expansion of Industry regional as well as global fats and figure.
The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for the automotive electronics market in the coming years.
In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.
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What Does the Report Include?
- Status of the Automotive Electronics Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the Automotive Electronics Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide Automotive Electronics Market’s driving forces and roadblocks
The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.
The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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- Market Size & Forecast by Revenue
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global Automotive Electronics Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.
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