MarketStudyReport.com adds a new Automotive Electronics Market research report for the period of 2017-2024 that focuses on the major drivers and restraints for the Global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 150 pages with tables and figures in it.
Upsurge demand in overall fleets number along with their high average age will propel the automotive electronics market expansion. The global vehicle production is likely to surpass 130 million units over the upcoming eight years, thus booming the industry demand.
Global Automotive Electronics Market is estimated to exceed USD 390 billion by 2024; as per a new research report.
Request a Sample Copy of Global Automotive Electronics Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467643//?utm_source=ICRW-SP
Shifting consumer preference towards vehicles with safety equipment including map-supported front lighting, collision warning, and speed alert will drive automotive electronics demand. Benefits including low speed collision avoidance system, emergency call system and alcohol ignition interlocks will fuel product penetration.
Continued penetration of advanced technology into nearly all the automobile main systems is expected to drive the industry growth. For instance, in Europe more than 40% of the on-board devices in the entire car is based on electronic and the percentage is likely to rise with the improvement in existing regulations & norms governing the automotive electrical components market.
Global automotive electronics market share is highly competitive owing to large presence of domestic and global industry players. Bosch Group, Continental AG, Denso, Delphi, Dow Corning, Hitachi and Panasonic are the major revenue generating companies.
Other prominent players in terms of product offering and geographical presence are Altera, Audiovox, Avago Technologies, Atmel, Infineon Technologies AG, Texas instruments, Wipro and TRW.
ADAS will be worth over USD 60 billion by 2024. Strict safety norms are among the major contributing factor for ADAS penetration in cars’ active security systems. Assured road safety along with offering comfort driving will facilitate demand.
Enquire Discount on Global Automotive Electronics Market Research Report @ https://www.marketstudyreport.com/check-for-discount/467643//?utm_source=THFN-SP
Preventive actions undertaken by various countries to curb fatalities will provide significant opportunities for the industry players. However, absence of effective supply agreement between several OEM and subsystems manufacturer may impact automotive electronics market price trend.
In addition, the U.S. New Car Assessment Program (NCAP) has mandated lane departure warning systems and emergency braking systems to guarantee a five-star rating for passenger cars. This will propel the automobile microelectronics demand.
Increase in consumer spending on entertainment systems in vehicles including satellite radios, MP3 players and rear set entertainment system will fuel product demand. Surge in disposable income has boosted the growth for high-end and luxury car sectors, thereby contributing to the automobile electrical components market.
North America automotive electronics market is anticipated to witness an increase in overall growth of 8.5% up to 2024. Safety systems and powertrain are among the major contributing applications. Increasing technological development coupled with growing concern over safety and security in vehicles has positively influenced demand.
Asia Pacific generated over USD 90 billion in 2016, shift of automobile electrical component manufacturer production unit to Asia owing to the availability of lesser cost equipment and labor. Need to meet international regulatory standards in order to promote export will facilitate industry growth.
Growth drivers
Increasing implementation of stringent regulations and standards across the globe
Rise in merger and acquisition in the global automotive world
Industry pitfalls & challenges
Difficulty of OEMs in maintaining and managing the automotive electronics businesses
Order a copy of this premium research report @ https://www.marketstudyreport.com/securecheckout/paymenta/467643?msfpaycode=sumsf/?utm_source=OPR-SP
Related Reports: –
2017 Global and Regional Automotive Electronics Control Unit Management Market Research Report Forecasts 2022
This report focus on Global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from Global and major regions such as Europe, North American, South American, Asia (Excluding China), China and etc.
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/