The global auto electronics market is forecast to grow at a CAGR of 14.42% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend which will positively impact the market is the influence exercised by the non-automotive sector. The rising electronic content dependency in the auto industry has led to the rising influence of hitherto non-automotive players in the industry. These players are the traditional consumer electronics companies, which had until recently only been in the stages of Tier 2 or Tier 3 suppliers in the automotive value chain. However, rapid electrification has resulted in many of these players acquiring critical mass in terms of revenues from the automotive components sector, leading to a change in supplier-OEM dynamics in the industry.
According to the report, a key growth driver is rising consumer demand. Consumers have driven most industries since the demise of the production economy. Consumer demand for safety, connectivity, and infotainment in the vehicle promises to drive the auto electronics industry in the coming years. There has been a major thrust in the safety and infotainment/interior electronics space, with safety being mandated by governments and ratified by a consortium of automotive OEMs in recent times. Consumer demand has also fueled developments in the lighting, emergency systems, and display space in the automotive interior and exterior electronics spaces.
Further, the report states that one challenge that could restrict market growth is the short life-cycle of automotive electronics.
- Aisin Seiki
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by geography
PART 07: Market segmentation by components
PART 08: Market segmentation by vehicle type
PART 09: Market drivers
PART 10: Market challenges
PART 11: Market trends
PART 12: Market share analysis
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/5bvmmq/global_auto
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-auto-electronics-market-2016-2020---market-segmentation-by-geography-components--vehicle-type---research-and-markets-300284487.html
SOURCE Research and Markets