New York, NY Dec 30 2019: The Global
Automotive Electronics Market is anticipated to reach
around USD 490.6 billion by 2026 according to a new research published by
Polaris Market Research. In 2017, the passenger vehicles dominated the global
market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority
share in the global Automotive Electronics market.
The increasing demand for passenger cars, and growing penetration of
electric and hybrid vehicles majorly drives the market growth. The growing need
to improve road safety, and introduction of stringent regulations to enhance
vehicular safety and control emissions has accelerated the growth of the
automotive electronics market. The development of autonomous vehicles along
with growing demand for luxury and comfortable driving experience supports the
growth of the market. Other factors driving the market growth include growing
disposable income, technological advancements, and changing lifestyles. New
emerging markets, and emerging consumer demographics would provide growth
opportunities for automotive electronics market in the coming years.
Get More Insights About The Automotive Electronics Market Or
Request For Sample Of This Report- https://www.polarismarketresearch.com/industry-analysis/automotive-electronics-market
In 2017, Asia-Pacific
accounted for the highest share in the global automotive electronics market. The
introduction of stringent government regulations regarding vehicular safety and
growing penetration of electric and hybrid vehicles accelerates the adoption of
automotive electronics in the region. The strong growth in the automotive
industry, technological advancements, and high investment in R&D are
factors expected to drive the market growth in the region. The economic growth
in countries such as China, Japan, and India, rising living standards and
growing disposable income further increases the demand of automobiles in the
region. Expansion of global players into these countries to tap market
potential boosts the market growth.
The global Automotive Electronics market is segmented on the basis of
application, vehicle type, sales channel, and geography. Based on application,
the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment,
Body Electronics, and others. The sales channel segment is categorized into
OEM, and aftermarket. OEM accounted for the dominant share in the global
automotive electronics market in 2017. The vehicle types in the global
automotive electronics market include passenger vehicles, and commercial
vehicles.
Ask For Discount on Automotive Electronics Market : https://www.polarismarketresearch.com/industry-analysis/automotive-electronics-market/request-for-discount-pricing
The well-known companies profiled
in the report include Bosch Group, Atmel Corporation,
Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon
Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON
Corporation., and STMicroelectronics N.V. These companies launch new products
and collaborate with other market leaders to innovate and launch new products
to meet the increasing needs and requirements of consumers.
About Polaris Market Research
We strive to provide our
customers with updated information on innovative technologies, high growth
markets, emerging business environments and latest business-centric
applications, thereby helping them always to make informed decisions and leverage
new opportunities. Adept with a highly competent, experienced and extremely
qualified team of experts comprising SMEs, analysts and consultants, we at
Polaris endeavor to deliver value-added business solutions to our customers.
Contact us :
Polaris Market Research
Phone: 1–646–568–9980
Email:
sales@polarismarketresearch.com
Web:
www.polarismarketresearch.com