Automotive Electronics Market: Increased Demand for Advanced Infotainment Framework to Augment Market Growth; Says TMR

News provided by

Jan 15, 2019, 05:30 ET

ALBANY, New York, January 15, 2019 /PRNewswire/ --

The global market for automotive electronics is foreseen to project a strong competition among the major firms in the coming few years. The key players are consistently making efforts so as to innovate and launch new products by investing heavily on the research and development activities. Moreover, the increase in the number of mergers and acquisitions, and collaborations are expected to provide the fertile growth scenario for the new comers. This is likely to contribute in the growth of the automotive electronics market in coming years. The major players operating in the automotive electronics market all over the world are ON Semiconductor Corp., NXP Semiconductor NV, ZF Friedrichshafen AG, ST Microelectronics N.V., Hitachi Ltd., N.V., Robert Bosch GmbH, Maxim Integrated Products Inc., Infineon Technologies AG, and OMRON Corporation.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31742

According to a recent report by Transparency Market Research (TMR), the global automotive electronics market is likely to expand at a steady CAGR of 7.40% within the forecast period from 2017 to 2022. In 2017, the global market for automotive electronics was valued to be of worth around US$3,530.7 mn. This figure is foreseen to reach around a worth of US$5,048.9 mn by 2022-end.

On the basis of vehicle type, the global automotive electronics market is segmented as mid-sized passenger cars, heavy commercial vehicles, compact passenger cars, luxury passenger cars, premium passenger cars, and light commercial vehicles. Out of these, the segment of mid-sized passenger car is estimated to project the lead as far as revenue is concerned. In 2017, the segment was anticipated to be valued around US$923.3 mn, with around 26.2% of the overall market.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31742

Rising Demand for Safety Products to Fuel Market Demand

The surging demand for improved safety products, inferable from the rising issues among individuals prompting utilization of advanced security frameworks. This is likely to energize the development of the global automotive electronics market in the following couple of years. The increased in the quantity of utilizations, such as powertrains, parking assistance, and wheels is additional major factor that is anticipated to guarantee the development of the market in the coming years. Moreover, the rising demand for the propelled infotainment frameworks and the rising sustainability in environment are anticipated to quicken the improvement of the automotive electronics market in the future.

The main players in the market are expected to concentrate on the advancement in technology and developments, which may offer to upgrade the development of the global automotive electronics market in the following couple of years. Likewise, the increasing demand for crossover and electric vehicles is foreseen to quicken the advancement of the market in the coming couple of years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=31742

Stringent Rules by Government for Vehicle Safety to Hamper Market Growth

Nevertheless, the main players operating in the automotive electronics market are anticipated to come across a couple of difficulties, which may limit the improvement of the global automotive electronics market in the forthcoming years. The strict regulations and controls imposed by the government for safety of vehicle is foreseen to reduce the market development in future years.

The review is based on the findings of a report by Transparency Market Research, titled "Automotive Electronics Market (Vehicle Type - Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles; Sales Channel - OEM and Aftermarket; Application - Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, and Safety Systems ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

Browse Research Release at: https://www.transparencymarketresearch.com/automotive-electronics-market.html

The global automotive electronics market has been segmented as below:

Global Automotive Electronics Market, by Vehicle type

Compact Passenger cars
Luxury Passenger cars
Mid0sized Passenger cars
Premium Passenger cars
Light Commercial vehicles
Heavy Commercial vehicles

Global Automotive Electronics Market, by Application

Advanced Driver Assistance
Body Electronics
Entertainment
Powertrain
Safety Systems

Global Automotive Electronics Market, by Geography

North America
- The U.S.
- Canada
- Rest of North America
Europe
- Germany
- U.K.
- France
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
South America
- Brazil
- Rest of South America

Browse More: Electronics & Semiconductors Market Research Reports

Popular Research Reports by TMR:

Battery Free RFID Sensor Market: https://www.transparencymarketresearch.com/battery-free-rfid-sensor-market.html
Machine Condition Monitoring Market: https://www.transparencymarketresearch.com/machine-condition-monitoring-market.html
3D Sensing Technology Market : https://www.transparencymarketresearch.com/3d-sensing-technology-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]