Global Automotive Electronics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Automotive Electronics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive electronics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive electronics market report has been segmented on the basis of component, application, vehicle type, and region.

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Introduction: 

Automotive electronics are electrically developed systems used in vehicles to enhance the performance of electronic parts used for improving the efficiency of the vehicle and controlling entertainment devices. Automobile electronic systems help to control functions of the vehicle such as fuel injection, engine ignition (spark and timing), communication systems, entertainment systems such as music, heating/air conditioning, emissions controls, security systems, navigation system, etc.

Market Dynamics:

Growing demand for passenger cars in developing economies owing to increasing disposable income of consumers is expected to drive revenue growth of the global automotive electronics market over the forecast period. Moreover, rising adoption of advanced technologies such as advanced safety systems, alcohol ignition interlocks, emergency call systems, etc.  is expected to drive revenue growth of target market.

However, the high price of electronic systems and fluctuating prices of raw materials are major factors expected to restrain revenue growth of the automotive electronics market over the forecast period.

Application Insights:

On the basis of application, the safety systems segment is expected to account for major revenue share in the global automotive electronics market. Growing demand for electronic systems used for passenger safety such as back up sensing system, airbags, padded knee bolster, auto dimming mirrors, etc. is expected to support revenue growth of this segment.

Vehicle Type Insights:

Among vehicle type, the passenger cars segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising demand for customization of automobiles in developing economies is expected to support revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific market is expected to account major revenue share in the global automotive electronics market and is expected to maintain its dominance over the forecast period. Rapidly growing automotive industry in the region owing to changing living standards and increasing purchase power of consumers in the region is expected drive revenue growth of Asia Pacific automotive electronics market over the forecast period. Moreover, growing automotive aftermarket is expected to support revenue growth of automotive electronics market in the region. The Asia Pacific accounts for the major revenue share of the global automotive electronics market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Europe automotive electronics market is expected to grow at a moderate rate over the forecast period, owing to the growing demand for passenger cars in the region.

Market Segmentation and Key Players Operating in the Global Automotive Electronics Market:

By Component:

• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

By Application:

• Advanced Driver Assistance
• Body Electronics
• Infotainment
• Safety Systems
• Powertrain Electronics

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa