Global Automotive Electronics Market Research Report and Forecast

(1)

Global Automotive Electronics

Market Research Report and

Forecast 2021-2026

Author: Elena Anderson,

Marketing Manager |

(2)

Report Description

About

IMARC Group

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

(3)

Report Description

Report Description and Highlights

Global Automotive Electronics Market Outlook 2026:

As per the latest report by IMARC Group, titled “Automotive Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive electronics market reached a value of US$ 205 Billion in 2020.

Automotive electronics refer to specially-designed electronics that are intended for use in both on-road and off-on-road automobiles such as trucks, tractors, forklifts, excavators, and electric and hybrid cars.

These electronics enhance the engine control and aid in providing higher safety, security and comfort to the driver as well as the passengers in a vehicle.

For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes, whereas electronic car security locks offer enhanced security by using remote-controlled locks and a central locking system.

(4)

Report Description

Report Description and Highlights

Global Automotive Electronics Market Trends:

One of the vital factors that are propelling the growth of the automotive electronics industry is technological advancements. The arrival of autonomous or driverless cars, in confluence with the launch of cost-efficient electric vehicles with enhanced features, is impelling the market growth. Moreover, a shift towards luxury vehicles which are equipped with in-vehicle entertainment devices, offering a relatively more sophisticated and interactive user experience is stimulating the demand for automotive electronics across the globe.

Apart from this, advanced computing technologies including parking assistance, electrical suspensions, braking and steering systems are being applied in cars to decrease accidents and fatalities.

Moreover, manufacturers are introducing product innovations like active-window display, remote vehicle shutdown, exhaust emission control and reconfigurable body panels to expand their consumer base.

(5)

Market Summary:

Breakup by Component:

• Electronic Control Unit • Sensors

• Current Carrying Devices • Others

Breakup by Vehicle Type:

• Light Commercial Vehicles • Passenger Vehicles

• Heavy Commercial Vehicles • Others

Breakup by Distribution Channel: • OEM

• Aftermarket

(6)

Breakup by Application: • ADAS • Infotainment • Body Electronics • Safety Systems • Powertrain Breakup by Region: • North America • Europe • Asia Pacific • Latin America

• Middle East and Africa

On account of the aforementioned factors, the market is anticipated to witness strong growth during 2021-2026.

(7)

Competitive Landscape With Keyplayer: • Omron Corporation • Robert Bosch GmbH • Infineon Technologies AG • HGM Automotive Electronics • Hitachi, Ltd.

• Delta Electronics Inc.

• Atotech Deutschland GmbH • TRW Automotive • Continental AG • Bosch Group • Altera Corporation • Lear Corporation • Aptiv • Texas Instruments • Atmel Corporation • Altera Corporation

View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-electronics-market

(8)

A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

(9)

A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

(10)

Report Description

Report Description and Highlights

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been

based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

(11)

FOR MORE DETAILS

Visit us at :

Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com