Albany, New York, October 31, 2017:The Global Automotive Electronics Market is a competitive one with the presence of a multitude of established players, and the influx of new participants is likely to intensify the competition. Existing players are pouring money into research and development to introduce newer products that will help them sustain the competition.
Majorly fuelling the global automotive electronics market are rising safety considerations, demand for high-end electronics for navigation, information, and entertainment, and the rising popularity of electric and hybrid vehicles due to environmental considerations.
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As per a report by Transparency Market Research, the global automotive electronics market will likely clock a CAGR of 7.4% for the forecast period between 2017 and 2022. At this rate, the market which is estimated to be worth US$3,530.7 mn in 2017 will further rise to be valued at US$5,048.9 mn by 2022-end.
Global Automotive Electronics Market: Research Methodology
Apart from primary research which constitute the bulk of this report, a thorough secondary research was conducted to compute the market size. The report constitutes forecast of revenue generated through the sales channels of OEM and aftermarket in the global automotive electronics market. TMR’S report not only presents forecasts in terms of revenue, but also assesses the market by essential parameters such as Year-on-Year (Y-o-Y) growth. This helps market stakeholders to gauge future opportunities and predictability of the market. Crucial feature of the report is analysis of the global automotive electronics market by vehicle type, sales channel, and application and the corresponding revenue forecast vis-à-vis absolute dollar opportunity.
Global Automotive Electronics Market: Market Segmentation
On the basis of vehicle type, the global automotive electronics market has been segmented into compact passenger cars, mid-sized passenger cars, luxury passenger cars, heavy commercial vehicles, premium passenger cars, and light commercial vehicles. Based on sales channel, OEM and aftermarket are the segments that divide the global automotive electronics market. Application-wise, the market has been bifurcated into advanced driver assistance systems, entertainment, safety systems, body electronics, and powertrain.
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Geography-wise, the report assesses the growth of the worldwide automotive electronics market across the regions of North America, Latin America, Asia Pacific except Japan, Europe, Japan, the Middle East and Africa. Some of the key countries in these regions that contribute substantially to the automotive electronics market are the U.S., Canada, Brazil, Mexico, Argentina, Germany, the U.K., France, Spain, Italy, Nordic, China, India, Malaysia, Thailand, Singapore, Australia, GCC Countries, South Africa, Israel, and Nigeria. The report provides revenue comparison based on vehicle type, sales channel, and application for each of these countries.
Global Automotive Electronics Market: Competitive Landscape
Infineon Technologies AG, Texas Instruments Inc., ON Semiconductor Corp., ST Microelectronics N.V., Maxim Integrated Products Inc., NXP Semiconductor NV, OMRON Corporation, Robert Bosch GmbH, Hitachi Ltd, and ZF Friedrichshafen AG are the leading companies in the worldwide market for automotive electronics. Each of the companies is profiled on the parameters of financials, recent developments, business strategies, and SWOTs.
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