Press Release (ePRNews.com) - HYDERABAD, India - May 19, 2016 - The Global Automotive Electronics Market is expected to view an intense spur in the market growth during the forecast period 2013-2018 owing to the increased usage of electronic devices like sensors, MCUs, processors etc for various applications like powertrain, infotainment, safety, security, surveillance and more. Most applications of technologies like accident data recorder systems, alcohol ignition interlocks, and emergency call systems are viewed as the potential segments of the market application which are expected to draw healthy revenue in the coming years.
With extensive usage of automotive electronics in today’s automobiles, the demand for this market is surely going to continue to rise and never fall. Growing number of automobile manufacturers and suppliers will be the foundation reason to hold the market intact. Beginning with the requirement of providing enhanced engine control, the current breed of automobiles has become more and more reliant on electronics, enabling higher safety despite having an increased speed.
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Leading Drivers of Automotive Electronics Market:
· Transition towards advanced safety systems coupled with comfort and convenience
· Growing applications with cost-effectiveness and heightened durability
· Many number of regulatory mandates for improving fuel economy
· Stringent emission standards as well as requirements for advanced safety systems
· Growth of hybrid and electric vehicles.
· Growing demand for advanced driver assistance systems and premium audio
· Few among others would include growing prominence of infotainment or connected cars
Constraints of Automotive Electronics Market:
High level complex issues like stackup, mechatronic interaction & harsh operating environment; and lack of awareness about the overall understanding of the subsystems might act as top 2 constraints in the growth of this market. In order to meet the rising complexity issues, OEMs are focusing on product innovation such as reducing weight, and decreasing number of modular platforms.
Notable Growth Trends of Automotive Electronics Market:
Today´s contemporary cars have evolved into electronic machines, with more and more operations being controlled with electronic control units (ECUs).
Increased penetration towards electric vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive electronics component demand. This is attributed to reduced product cost associated with emission controls and enhanced lithium-ion battery cooling capabilities.
High number of consumers adopting the trend of in-vehicle infotainment is projected to yield quality opportunities for the automotive electronics market.
Segmentation of Automotive Electronics Market:
IndustryARC segments the Global Automotive Electronics Market into 3 broad types depending on the below given deciding factors. All the segments are further divided into narrower types. Each segment is studied in detail in this research report prepared by the expert analysts’ team of IndustryARC.
1. By Components: Memory, Sensors, PCB, Microcontroller, Microprocessor, Display & Lighting, PMIC and Others.
2. By Applications: Body and Chassis, Powertrain, Infotainment, Telematics, Comfort & Convenience and Safety & Security.
3. By Geography: Americas, Europe, APAC and ROW.
Key Vendors of Automotive Electronics Market:
IndustryARC analyzes the market’s top competitors with respect to numerous business factors like product portfolios, past records, present happenings, future estimations, financial status, acquisitions history and expectations; and more. This recent market report on Automotive Electronics Market includes in-depth analysis of more than 40 leading players of the global industry with few top ones being:
· Honeywell International
· Texas Instruments
· Magna Powertrain Inc
· Robert Bosch AG
· Continental AG
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