Global Automotive Electronics Market is projected to be valued US$ 316.3 Billion by 2025; with a CAGR of 8.1% from 2017 to 2025. Automotive electronics consists of electrically operated systems installed in vehicles. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems are being used in order to increase the overall efficiency of the combined system.
Upsurge in the demand of automotive electronics technology in industries such as government & automobiles and growing application scope of these equipments are expected to drive the industry growth. However, protection of complex electronic systems from damaging electrical hazards and stringent government regulation regarding vehicle safety are some of the major challenges for the industry. Though, rising consumer demand and preventive measures taken by numerous countries to curb the number of fatalities for automotive electronics technology would generate new opportunities for the market in the future years.
Application, vehicle type and geography are the various segments of the global auto
motive electronics market. 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.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical splits of the market. The country wise analysis has been also covered under the scope of the report. 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.
Major Key players operating in the global automotive electronics market Atotech Deutschland GmbH, HGM Automotive Electronics, Hitachi, Ltd., Delta Electronics, Inc., OMRON Corporation, Robert Bosch GmbH, Infineon Technologies AG, andZF TRW among others.
The key takeaways from the report
Vehicle – type Segments