Automotive electronics involves devices which are specially designed to be used in vehicles. Some of the automotive electronic devices are subjected to high temperatures and therefore such devices are developed differently than other electronic devices. Automotive electronics improves the driving experience of the driver by offering additional features that helps the drive. Various kind of sensors utilized in vehicles are oil sensors, parking sensors, and water sensors. Automotive electronics market is anticipated to grow drastically in coming years.
The "Global Automotive Electronics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive electronics market with detailed market segmentation by vehicle type, sales channel, application, and geography. The report provides key statistics on the market status of the leading automotive electronics market players and offers key trends and opportunities in the market.
- Based on vehicle type, the global automotive electronics market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles.
- On the basis of sales channel, the market is segmented into OEM and Aftermarket.
- Based on application, the market is bifurcated into advanced driver assistance systems, body electronics, entertainment¸ powertrain and safety systems.
- Growing requirement of passenger and commercial vehicles in developing countries of Asia.
- Rising urbanization and increasing per capita disposable income to boost market growth of automotive electronics.
- Rapidly advancing technology accelerates the demand for automotive electronics.
- Unorganized retail sector in some developing countries.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive electronics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive electronics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE ELECTRONICS MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to less demand for automobiles, automotive electronics market suffered adversely during this period. Also, due to restriction of limited workforce at production site, automotive electronics market also suffered from supply side in 2020.
The report covers key developments in the automotive electronics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive electronics market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive electronics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive electronics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Denso Corporation
- HGM Automotive Electronics
- Hitachi, Ltd.
- Infineon Technologies AG
- Microchip Technology Inc.
- NXP Semiconductor
- Robert Bosch GmbH
- SONY INDIA
- Texas Instruments Incorporated
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.