Automotive Electronics Market
Rising demand for luxury and high-performance vehicles, increasing electronic architecture integration, and government regulations mandating safety features can drive the automotive electronics market growth. Furthermore, growing sales of electric & hybrid vehicle, increasing vehicle production, and emergence of autonomous vehicles can offer significant opportunities for automotive electronics manufacturers in the near future.
Market Dynamics:
Global automotive electronics market growth is driven by factors like rising demand for advanced driver-assistance systems (ADAS), in-vehicle safety and security, infotainment features, and electrification of vehicles. Stringent government regulations regarding vehicle safety and emission standards compel automakers to increase electronic content per vehicle. However, high development costs associated with automotive-grade electronics and complexity in managing rising electronic content can hamper the market growth. Growing electric vehicle industry, adoption of wireless technology, autonomous driving systems, and over-the-air vehicle software updates can offer market growth opportunities. Changing consumer preferences towards connectivity and advanced features can also drive the market growth.
Key features of the study:
- This report provides in-depth analysis of the global automotive electronics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global automotive electronics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Analog Devices, Inc., Aptiv PLC, Autoliv Inc., Bosch (Robert Bosch GmbH), Continental AG, Delphi Technologies, Denso Corporation, Hitachi Automotive Systems, Ltd., Hyundai Mobis Co., Ltd., Infineon Technologies AG, Intel Corporation, Lear Corporation, NXP Semiconductors N.V., Panasonic Corporation, Texas Instruments Incorporated
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global automotive electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive electronics market
Detailed Segmentation:
Table of Contents
*Browse 32 market data tables and 28 figures on 'Automotive Electronics Market' - Global forecast to 2031
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