Automotive Electronics Market Analysis, Size, Growth, Share & Forecast to 2027 | Grand View Research Inc.
“Automotive Electronics Market Size Worth $493.69 Billion By 2027�
The global automotive electronics market size is expected to reach USD 493.69 billion by 2027, expanding at a CAGR of 9.0% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing automotive production across emerging economies, coupled with the growing demand for luxury and hybrid vehicles is anticipated to drive the growth. Additionally, the availability of advanced safety systems with features such as automatic emergency braking, and blind-spot detection at a reduced cost is leading to an increase in the integration of these systems. This, in turn, is also expected to boost the adoption of Engine Control Units (ECUs) and sensors used in these systems, subsequently fueling the market growth. Moreover, to bring down the number of road accidents, governments are also regulating the use of Advanced Driver-Assistance Systems (ADAS) in vehicles. For instance, the New Car Assessment Program mandates the use of advanced active and passive safety systems, such as automatic emergency braking and lane departure warning, in China, U.S., and Europe. The Indian government also allows the use of certain low-frequency bands that can help automotive manufacturers to use radar-based systems for installing ADAS features in vehicles. Stringent regulations have mandated the deployment of most of the electronic components during vehicle production stage itself, thus linking the automotive electronics demand with the growth in vehicle production. Hence, it resulted in an increase of over 2.5% in the Original Equipment Manufacturer (OEM) segment share between 2019 and 2027. Furthermore, in European and North American regions, the demand for in-vehicle infotainment systems has gained prominence, thereby supporting the market demand. Infotainment solutions providers are actively participating in consolidating the features, such as in-vehicle infotainment and ADAS, in reducing the overall electronic component count, consequently reducing the vehicle weight. For instance, NVIDIA Corporation announced the launch of the DRIVE CX platform. This platform can be used for infotainment and ADAS
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solutions, in the autonomous vehicles. However, such consolidation requires high-speed data processing controllers such as 64-bit ECU’s and integration of other advanced hardware and software, which is expected to drive the overall market growth from over the forecast period.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/automotiveelectronics-industry Further key findings from the study suggest: The current carrying devices segment is expected to hold a dominant market share over the forecast period, owing to the rising demand for convenience, safety features, and connectivity in passenger cars
The safety systems segment is estimated to dominate the market throughout the forecast period owing to increasing consumer awareness pertaining to safety equipment in vehicles
OEM segment dominated the automotive electronics market in 2019 owing to the increased durability and shelf life of electronic components that they offer as compared to the aftermarket components
Asia Pacific is estimated to register the highest CAGR of 9.4% from 2020 to 2027 owing to the increasing vehicle production in emerging countries such as India and China
The key industry competitors include Aptiv PLC, Continental AG, Denso Corporation, Intel Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG
Grand View Research has segmented the global automotive electronics market based on component, application, sales channel, and region: Automotive Electronics Component Outlook (Revenue, USD Million, 2016 - 2027) Electronic Control Units
Sensors
Current Carrying Devices
Others
Automotive Electronics Application Outlook (Revenue, USD Million, 2016 - 2027) ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2016 - 2027) OEM (Original Equipment Manufacturer)
Aftermarket
Automotive Electronics Regional Outlook (Revenue, USD Million, 2016 - 2027)
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North America o
U.S.
o
Canada
Europe o
Germany
o
U.K.
Asia Pacific o
China
o
Japan
o
India
Latin America o
Brazil
o
Mexico
Middle East & Africa (MEA)
Table of Content
Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.2 Market Definition 1.3 Information Procurement 1.4 Purchased Database 1.4.1 GVR’S Internal Database 1.5 Research Methodology 1.6 Research Scope & Assumptions 1.7 Region/Country Wise Market Calculation 1.7.1 Region /Country Wise Market: Base Estimates 1.7.2 Region/Country Market: Cagr Calculation 1.7.3 Region/Country Market: Segment Share Calculation 1.8 List of Primary Sources 1.9 List of Secondary Sources 1.10 List of Abbreviations
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Chapter 2 Executive Summary Chapter 3 Industry Outlook 3.1 Market Snapshot 3.2 Global Automotive Electronics Market Trends 3.3 Global Automotive Electronics Market 3.3.1 Component Segment Trends 3.3.2 Application Segment Trends 3.3.3 Sales Channel Segment Trends 3.3.4 Region Segment Trends 3.4 Value Chain Analysis Continue…………. About Grand View Research, Inc.: Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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