"Rising concerns & government regulations pertaining to vehicle safety"
Safety features have become a requisite for automotive consumers across the world. Several kinds of Advanced Driver Assistance Systems (ADAS) have been developed to assist the driver and significantly reduce the number of accidents. For instance, in case the driver is distracted or not paying attention, the system warns them of approaching danger
"Rising demand for luxury and comfort"
Developing markets in Asia-Oceania, such as China and India, have emerged as global production and export hubs for vehicles. The significant increase in the GDP of these countries has improved the overall standard of living. The rising per capita income of these countries and the overall changes in the lifestyle of automotive consumers are expected to boost the demand for luxury and comfort from automotive consumers.
"Asia-Pacific: Fastest growing market for top 10 automotive technologies"
The Asia-Pacific is expected to dominate the market for the top 10 automotive technologies, and is projected to capture the highest market share in terms of value during the forecast period with a CAGR of 19.30%. Asia-Pacific countries have gained high economic growth. The favorable government policies for the automotive industry have contributed to the growth of automotive technologies in the region.
BREAKDOWN OF PRIMARIES
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
- By Company Type – Tier-1 - 63 %, Tier-2 - 29%, and OEM - 8%
- By Designation - C level - 45%, D level – 43%, others – 12%
- By Region - NA- 58%, Europe - 30%, APAC - 12%
The report provides a picture on top 10 automotive technologies across different verticals and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players along with their company profiles, MnM view, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall automotive aftermarket for top 10 automotive technologies and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/top-10-automotive-technologies-market-and-region---global-forecast-to-2021-300403728.html