Below are some of the key findings from the auto electronics market analysis:
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Global auto electronics industry overview
The development of digital cockpits in passenger cars has become the main area of focus for most automotive OEMs. The increasing demand for digital cockpits results from the growing awareness of aesthetic appearances and customization of information offered by these systems. The increasing competition among the players has led to the development of innovative infotainment systems with bigger displays which is revolutionizing the infotainment industry. Such market developments will potentially reduce cost and promote the use of digital cockpits in the automotive industry. This will drive the auto electronic market’s growth.
Passengers extensively use telematics and infotainment systems for entertainment and to obtain useful information while travelling. Vendors are making efforts to reduce the cost of the digital cockpit systems by simplifying the overall design. This will enable widespread adoption of digital cockpits across all automobile variants. The high demand for such convenience features will boost the demand for auto electronics. This will drive the auto electronics market to grow at a CAGR of over 6% during the forecast period.
Top auto electronics companies covered in this market research report
The auto electronics market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this auto electronics industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.
The report offers a complete analysis of various companies including:
- Aptiv
- Continental
- DENSO
- Robert Bosch
- Valeo
- ZF Friedrichshafen
Auto electronics market segmentation based on geographic regions
APAC will contribute the highest market share throughout the forecast period. The high production volumes of passenger cars and CVs in countries such as China, Japan, South Korea, and India is one of the major reasons for high growth of the auto electronics market in this region.
Auto electronics market segmentation based on application
- Body electronics
- Chassis and powertrain
- Safety systems
- Infotainment and telematics
The body electronics segment will account for the highest market share of the auto electronics market throughout the forecast period. This is due to the increasing use of sophisticated lighting, instrument clusters and vehicle access systems across vehicles.
Key highlights of the global auto electronics market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the auto electronics market during the next five years
- Precise estimation of the global auto electronics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the auto electronics industry across various geographies such as the Americas, APAC and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of multivariable transmitters companies
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