Automotive Electronics Market latest Trends and New Technologies Research Forecast to 2030

Some major findings of the automotive electronics market report include:

– Technological innovations in automotive electronics systems aid in increasing vehicle efficiency and improving user connectivity

– Automotive Electronics Market is expected to exceed USD 645 billion by 2030. The growing implementation of advanced safety systems in vehicles is anticipated to drive the market in the coming years.

– Stringent regulatory framework in North America and Europe related to vehicle safety and road safety is creating several growth opportunities for the automotive electronics market

– Increasing demand for safety and comfort feature will boost the implementation for the ADAS application in modern vehicles

– However, declining automotive production in the U.S. may hinder the industry growth

– Growing awareness of electric vehicles in China is likely to enhance the industry. In 2018, the Chinese government introduced subsidy payment for EV consumers depending upon the vehicle range.

Global Automotive Electronics Market: Drivers and Restraints: This section of the Automotive Electronics Market Analysis report we are covering various drivers and restraints that have affected the global Automotive Electronics market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Automotive Electronics market share, which consists of Automotive Electronics industry environment, advancement market, product innovations, latest developments, and Automotive Electronics market risks.

– Moreover, autonomous systems in vehicles are gaining high popularity among consumers and OEMs. Companies including BMW, Nissan, Volvo, and Mercedes are slowly introducing autonomous features, such as auto-parking and departure warning systems, in their latest vehicles.

– Prominent companies present in the industry include Magna International, Continental AG, Bosch Group, Altera Corporation, Infineon Technologies, Lear Corporation, Delphi Automotive, Hitachi Automotive Systems, Texas Instruments, ZF Friedrichshafen AG, Voxx International Corporation, Faurecia, Hyundai Mobis, Valeo, etc.

Automotive infotainment systems are gaining high popularity in the global automobile industry due to the provision of value-added features, such as large display screens, to accomplish numerous vehicle features. Advanced infotainment systems, such as digital radio, voice recognition, rear-seat entertainment, and high-end radios, provide better comfort and luxury to passengers. Several OEMs are focusing on collaborating with these automotive component manufacturers to deliver advanced systems, such as parking assistance, head-up displays, powertrain, etc., in newly developed vehicles to enhance the driving experience. For instance, in September 2017, Bosch announced its partnership with Nikola Motor Company for the development of commercial vehicles powertrain products.

Moreover, connected vehicles are attributed to enhance the implementation of advanced sensors, switches, and body electronic systems to increase safety, mobility, and environmental benefits. Increasing government concerns and initiatives that support the development of connected vehicles to increase road safety are accelerating industry growth. For instance, the U.S. Department of Transportation has proposed that connected car technology and vehicular communication must be a legal requirement. According to the law that may be approved in 2019, automakers will be required to integrate V2V communication with their new cars in 2021.

Companies are adopting various developmental strategies that include product innovations, acquisitions, mergers, and collaborations to obtain strong capabilities from other players. For instance, in December 2017, Lear Corporation is investing in acquisitions to strengthen the advanced electronics portfolio by acquiring EXO Technologies, an Israel-based GPS developer. The company is focused on expanding its core seating business and integrating intelligent systems with vehicles.

Read Full Report at: Automotive Electronics Market

Major Highlights from Table of contents are listed below for quick lookup into Automotive Electronics Market report

Chapter 1. Competitive Landscape

• Company market share
• Automotive Electronics Market Competitive analysis of key market players
• Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

• Business Overview
• Financial Data
• Product portfolio
• Strategic Outlook
• SWOT Analysis

Chapter 3. Methodology & Scope

• Methodology
• Initial data exploration
• Automotive Electronics Market Statistical model and forecast
• Industry insights and validation
• Automotive Electronics Market Scope
• Definition
• Methodology and forecast parameters
• Data Sources

Chapter 4. Executive Summary

• Automotive Electronics industry 360º synopsis – 2025
• Automotive Electronics Business trends
• Region trends

Chapter 5. Automotive Electronics industry Insights

• Automotive Electronics Industry segmentation
• Industry landscape 2025
• Industry Pitfalls and Challenges
• Threat of new entrants
• Threat of substitutes
• Automotive Electronics Market Growth potential analysis

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