According to a new market research report published by Global Insight Services “Automotive Electronics Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive electronics are electronic systems used in vehicles, including engine management, ignition, radio, carputers, telematics, in-car entertainment systems, and anti-theft systems. Engine management systems include electronic control units (ECUs) and engine control modules (ECMs) that control the engine’s ignition timing, fuel injection, and emission systems. Ignition systems include electronic ignition control modules (EICMs) and ignition coils that create the spark that ignites the fuel-air mixture in the engine’s cylinders. Radio systems include radios, amplifiers, and antennae that receive and transmit audio and data signals. Carputers are in-vehicle computers that manage the vehicle’s engine, transmission, and other systems.
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Key Players
The Automotive Electronics Market report includes players such as Robert Bosch, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments, NXP Semiconductors N.V., Continental AG, NVIDIA Corporation, Hitachi Ltd., and Aptiv PLC.
Key Trends
Key trends in automotive electronics technology include the development of autonomous vehicles, the electrification of vehicles, and the connected car.
Autonomous vehicles are those that are able to drive themselves without the need for a human driver. This technology is still in its early stages, but it is rapidly evolving. Several companies are working on developing autonomous vehicles, and it is expected that they will be available for purchase within the next few years.
The electrification of vehicles refers to the trend of increasing the number of electrically-powered vehicles on the road. This is being driven by the need to reduce emissions from vehicles, as well as the desire to improve fuel efficiency. Electric vehicles are becoming increasingly popular, and it is expected that they will make up a significant portion of the vehicle market in the future.
The connected car is another key trend in automotive electronics technology. This refers to the trend of cars being connected to the internet and to each other. This allows for a variety of features, such as the ability to share data, receive updates and alerts, and even control the car remotely. This technology is still in its early stages, but it is expected to become increasingly prevalent in the future.
Key Drivers
There are several key drivers of the automotive electronics market. One is the increasing demand for vehicles with advanced safety features. Another is the need for vehicles to be more fuel efficient. Additionally, the automotive electronics market is driven by the increasing demand for vehicles with infotainment features and the need for vehicles to be more connected.
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Market Segments
The Automotive Electronics Market is segmented on the basis of vehicle type, components, application, distribution channel and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of components, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system, power train and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Automotive Electronics Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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