Research Nester published a report titled “Automotive Electronics Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive electronics market in terms of market segmentation by product type, distribution channel, application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global automotive electronics market is anticipated to grow with a CAGR of ~8%
during the forecast period, i.e., 2023-2033. The market is segmented by application
into passenger vehicles and commercial vehicles. Out of these segments, the passenger
vehicles segment is anticipated to garner the largest market share over the
forecast period, owing to the increasing sales of cars. In addition, increasing
demand for luxury cars with advanced features among populace is also expected
to boost the growth of the segment in the coming years.
Get a Sample PDF Brochure: https://www.researchnester.com/sample-request-4472
The
global automotive electronics market is estimated to garner a moderate revenue
by the end of 2033, backed by the increasing number of vehicles having
electronic systems worldwide. Various features provided by automotive
electronics, such as automatic emergency braking, airbags are also projected to
boost sales of these tools in the coming years. Moreover, increasing road
accidents as well as increasing penetration advance driver assistance system is
also projected to propel the growth of the market during the forecast period.
Geographically,
the global automotive electronics market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. Out of these, the market in Asia Pacific is estimated to
garner the largest market share over the forecast period, owing to the rising sale
of vehicles. Apart from this, the market
in Europe is anticipated to register significant growth in the coming years.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Request a sample to obtain authentic
analysis and comprehensive market insights at:- https://www.researchnester.com/ask-the-analyst/rep-id-4472
Increasing
Use of Electronic Control Unit (ECU) to Drive the Market Growth
According
to the data, vehicles in 2020, may have
100 or over, ECUs, for controlling functions
The
adoption of ECU is expected to accelerate the market growth in the coming
years, as there is surge in the number of controlling functions that range from
the essential such as power steering control and engine to comfort such as
power windows, seats, to security and access such as keyless entry, and door
locks. Moreover, the increasing technological advancements as well as the
increasing research and development are also expected to drive the growth of
the global automotive electronics market during the forecast period.
However, the
possibility of cost surge with increased number of electronic control unit as
well as lower
penetration of electronic systems in developing countries are
expected to operate as key restraints to the growth of global automotive
electronics market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the of global automotive electronics market which includes company
profiling of Robert Bosch GmbH, Continental AG, Denso
Corporation, Visteon Corporation, Infineon Technologies AG, Hella GmbH &
Co. KGaA, Hitachi, Ltd., Advanced Micro Devices, Inc., Renesas Electronics
Corporation, Valeo. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the of global automotive electronics market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
For more
information in the analysis of this report, visit: https://www.researchnester.com/reports/automotive-electronics-market/4472
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries, conglomerates
and executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K.
Phone: +44 203 608 5919
%20Security%20Market.jpg)
No comments:
Post a Comment