Global Automotive Electronics Market is Estimated to Reach $409 Billion by 2025, Says Accurize Market Research

   

Global Automotive Electronics Market is Estimated to Reach $409 Billion by 2025, Says Accurize Market Research

Global Automotive Electronics Market report published by Accurize Market Research forecast that the global market is expected to reach $409 billion by 2025; growing at a CAGR of 8.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

To browse the complete report, visit at https://www.accurizemarketresearch.com/report/-automotive-electronics-market

Increase in the demand of automotive electronics in industries such as government & automobiles and growing application scope of this equipment globally to drive the growth of the market

Increase in the demand of automotive electronics in industries such as government & automobiles and growing application scope of these equipmentsfuelthe demand for the global automotive electronics market.Furthermore,rising consumer demand and preventive procedures taken by several countries also boost the growth of the market.

Market Segmentation

The global automotive electronics market has been bifurcated on the basis of application, vehicle type and geography. The Application segment is sub-segmented as advanced driver assistance system (ADAS), body electronics, infotainment, powertrain, and safety systems.ADAS segment is expected to be the fastest growing segment over the forecast period primarily due to increased safety standards. The vehicle-type segment is sub-segmented as light commercial vehicles, passenger vehicles, and heavy commercial vehicles.

By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico wherein Europe covers UK, Germany, France, Italy, Russia, and Rest of Europe. China, Japan, India, South Korea, and Rest of Asia-Pacific are covered under the Asia-Pacific. Rest of the World (RoW) includes South America, Middle East, and Africa.

Top players in the market

The key market players include HGM Automotive Electronics, Hitachi, Ltd., Delta Electronics, Inc., OMRON Corporation,Atotech Deutschland GmbH, Robert Bosch GmbH, Infineon Technologies AG, andZF TRW, among others.

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