ALBANY, New York, November 20, 2018
ALBANY, New York, November 20, 2018 /PRNewswire/ --
The global automotive electronics market is likely to experience intense competition due to the presence of large number of players operating in the market. Entry of new players in the global market is expected to increase competition in the market. Leading companies in the market are taking strategic initiatives such as partnerships, mergers and acquisitions, and joint ventures to maintain their position in the global market. They are also focusing on investing in research and development activities to develop innovative solutions. ON Semiconductor Corp, Maxim Integrated Products Inc., OMRON Corporation, Texas Instruments Inc., and Hitachi Ltd. are some of the leading players operating the global market.
According to Transparency Market Reserach, the global automotive electronics market is projected to reach US$5.04 bn by the end of 2022. In 2017, the market was valued at US$3.53 bn. During the forecast period between 2017 and 2022, the market is projected to expand at 7.4% CAGR.
Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31742
Based on types of vehicles, the mid-sized passenger's cars segment is expected to dominate the market in the coming years. In 2017, this segment held 26.2% share in the global market. On regional front, Europe is projected to lead the global market. In 2017, Europe held largest share in terms of revenue. North America is also considered one of the key regions for the growth of automotive electronics. Moreover, emerging economies in Asia Pacific are also offering lucrative growth opportunities for the market.
View Complete Report TOC - https://www.transparencymarketresearch.com/report-toc/31742
Growing Popularity of Electric Vehicles to Drive Automotive Electronics Market
Globally, the demand for better safety while driving has drawn attention largely. Various governments are taking effective measures to reduce the number of accidents taking place. In this scenario, the demand for automotive vehicles have increased that are equipped with GPS, navigation, information features, and entertainment that are transmitted over a wireless network. Moreover, introduction of advanced drivers assistance, electronic fuel injection, telematics, airbags, and other similar products has further boosted the demand in the automotive electronics market.
Adding it further, technological advancements such as electrical active suspensions for electric vehicles is also expected to push the applications of power electronics in the automotive industry. Rising popularity of hybrid and electric vehicles, automotive electronics are expected to draw the attention of automotive electronics manufacturers that will benefit the market's growth.
Get a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31742
Loss of Critical Vehicular Information may Deter Market Growth
Even though the demand for automotive electronics is bourgeoning across the globe due to increasing preference for these vehicles, but these are several restraining factors that could hinder the growth of this market. One of the major factor is loss of critical vehicular information gathered through automotive electronics due to increasing vehicular connectivity and system complexity. However, efforts are being made to find solutions against information hacking and cybercrime that might help in mitigating the risk attached with data loss. For instance, Automotive Electronic Systems Innovation Network (AESIN) has made efforts to resolve this issue, which not only secure important information but also it, will also benefit market's growth.
The information presented in this review is based on a TMR report, 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 - https://www.transparencymarketresearch.com/pressrelease/automotive-electronics-market.htm
Global Automotive Electronics Market has been segmented as presented below:
Global Automotive Electronics Market, by Vehicle type
Global Automotive Electronics Market, by Application
Global Automotive Electronics Market, by Sales Channel
Global Automotive Electronics Market: Geography
Popular Research Reports by TMR:
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.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453