Automotive Electronics Market to Reach $382.16 Bn, by 2026 at 7.3% CAGR: Allied Market Research

Automotive Electronics Market to Reach $382.16 Bn, by 2026 at 7.3% CAGR: Allied Market Research

PR Newswire

PORTLAND, Oregon, March 4, 2020

Acceptance of IoT and AI in the automobiles, surge in demand for in-vehicle safety feature, and rise in vehicles equipped with automated driving boost the growth of the global automotive electronics market

PORTLAND, Oregon, March 4, 2020 /PRNewswire/ --Allied Market Research published a report, titled, "Automotive Electronics Market by Vehicle Type (Passenger Car, LCV and HCV), Component (Sensors, Actuators, Processors, Microcontrollers, and Other), Application (ADAS, Infotainment, Body Electronics, Safety System, Power Train and Others), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global automotive electronics market accounted for $228.34 billion in 2019, and is estimated to reach $382.16 billion by 2026, growing at a CAGR of 7.3% from 2019 to 2026.

Allied-Market-Research-Logo

Prime determinants of growth

Adoption of IoT and AI in the automobiles, increase in demand for in-vehicle safety feature, and surge in vehicles equipped with automated driving propel the growth of the global automotive electronics market. However, low adoption of automotive electronics in newly industrialized countries and rise in cost of automobile with more automated features restrain the market growth. On the other hand, investment toward autonomous driving of vehicles in smart grids provides new opportunities to the industry.

Download Sample of the Report: https://www.alliedmarketresearch.com/request-sample/6401

The passenger car segment to dominate throughout the forecast period

Based on type, the passenger car segment accounted for nearly two-fifths of the total share of the global automotive electronics market in 2019, and is estimated to continue to dominate throughout the forecast period. The passenger cars share a major part of the mobile categories that increases the demand of the customer for electronic controls, which drives the growth of the segment. On the other hand, the HCV segment is expected to maintain the highest CAGR of 9.0% from 2019 to 2026. The electronic installation in HCV for driver assistance and safety offers lucrative growth to the segment.

The microcontrollers segment estimated to maintain its leadership status by 2026

Based on components, the microcontrollers segment accounted for the largest share of the global automotive electronics market, contributing to more than one-fourth of the total market in 2019, and is estimated to maintain its leadership status throughout the forecast period. The increase in demand for smart electronics in automotive leads the growth of the segment. However, the processors segment is expected to register the highest CAGR of 8.6% from 2019 to 2026. The processors play a major role in electronic system, which drives the growth of the segment.

Europe to maintain its lead status in terms of revenue by 2026, North America to grow at a moderate pace-

Based on region, Europe accounted for the highest market share in 2019, accounting for nearly one-third of the global automotive electronics market, and is expected to maintain its lead status in terms of revenue by 2026. This is due to the presence of leading market players in the region. However, LAMEA is estimated to portray the largest CAGR of 10.0% from 2019 to 2026. The rapid adoption of autonomous vehicle controls in this province, leads the growth of the market in this region. On the other hand, North America estimated to manifest a CAGR of 4.90% in between 2019 to 2026

Enquire for Purchase: https://www.alliedmarketresearch.com/purchase-enquiry/6401

Leading market players

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Related Reports:

Automotive Sensors Market Size, Share & Growth | Analysis - 2026

Global Cable Conduit Systems Market, Size, Share & Analysis-2026

Deep Learning Chip Market Size, Share | Industry Trend & Analysis 2026

Flat Panel Display Market Size, Share & Growth | Analysis - 2026

Embedded Subscriber Identity Module Market Size, and share to 2026

Pre-Book Now with 10% Discount:

Vision Sensor Market Size and Share with Industry Opportunity By 2026

Optical Isolator Market Size, Share | Industry Trends and Analysis - 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn and Twitter 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

Voltar noticias em Inglês