Stratview Research has recently added a new report titled ‘Automotive Electronics Market’ to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Automotive Electronics Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2017-2021
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Aisin Seiki Co., Ltd.
- Altera Corporation
- American Axle & Manufacturing, Inc.
- Atmel Corporation
- Autoliv, Inc.
- Broadcom, Inc.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Robert Bosch GmbH.
Automotive Electronics Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Increasing integration & adoption of automotive electronics in modern vehicles for delivering improvised safety & comfort to consumers, growing sales of electric vehicles in China, stringent regulatory framework in North America and Europe, and increasing vehicle production activities are some of the major factors driving the growth of the automotive electronics market during the forecast period.
Based on the application type, the market is segmented as ADAS, body electronics, infotainment & communication, powertrain, and safety systems. ADAS is expected to be the fastest-growing segment of the market owing to the advantageous features regarding safety and driving during the forecast period. ADAS includes various systems such as adaptive cruise control, blind spot detection, night vision, and automated braking systems which provide driving assistance in driving at night and inclement weather conditions, fueling the segment’s growth during the forecast period.
Based on the vehicle type, the market is segmented as passenger cars and commercial vehicles. The passenger car is estimated to be the dominant segment of the market on account of increasing consumption and production of passenger car vehicles and growing integration of electronic systems during the forecast period. Rapidly changing consumer demands resulting in an increase in development of high-end passenger cars is further expected to have a positive impact on the market during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the flourishing automotive sector and China, Japan and South Korea being the major countries providing lucrative growth opportunities in the vehicle & component manufacturing sector in the region during the forecast period. Presence of various suppliers and China being the growth engine of the region are further expected to fuel the regional market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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