The MarketWatch News Department was not involved in the creation of this content.
Aug 07, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, Automotive Electronics Market provides a comprehensive analysis of the Automotive Electronics market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of industry. This report also provides market landscape and market share information in the Automotive Electronics market.
Automotive Electronics Market Size, Share 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.
Request a sample Report of Automotive Electronics Market at@ https://www.marketstudyreport.com/request-a-sample/467643/?utm_source=marketwatch.com&utm_medium=ADS
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
– 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
– 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.
– 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.
– However, declining automotive production in the U.S. may hinder the industry growth
– 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.
For More Details on this report@ https://www.marketstudyreport.com/reports/automotive-electronics-market?utm_source=marketwatch.com&utm_medium=ADS
Related Report:
Food Supplement Ingredients Market to exceed $ 2.2 Bn by 2024
Worldwide food supplement ingredients market is expected to surpass US $2.2 billion by the year 2024, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2024.
For More Details on this report@ https://www.marketstudyreport.com/news/food-supplement-ingredients-market?utm_source=marketwatch.com&utm_medium=ADS
About Us
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: [email protected]
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]
COMTEX_369024752/2599/2020-08-07T06:47:23
Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.