Automotive Electronics Market Expected to Experience Attractive Growth through 2026

February 07, 2022

Stratview Research has published a new report on the Automotive Electronics Market, segmented Application Type (ADAS [Adaptive Cruise Control, Blind Spot Detection, Parking Assistance, Automated Emergency Braking, Night Vision, and Lane Departure Warning], Body Electronics, Infotainment & Communication [Audio, Display, Navigation, Head-up Display, and Communication], Powertrain [Engine Controllers, Transmission Drivetrain, Exhaust, and xEV], and Safety Systems), by Vehicle Type (Passenger Cars, Commercial Vehicles), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.

Market Highlights

Automotive Electronics Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Increasing integration & adoption of automotive electronics in modern vehicles for delivering improvised safety & comfort to consumers, growing sales of electric vehicles in China, stringent regulatory framework in North America and Europe, and increasing vehicle production activities are some of the major factors driving the growth of the automotive electronics market during the forecast period.

Covid Impact

Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.

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Segmentation –

This report studies the Automotive Electronics Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Automotive Electronics Market Share: By Application Type

Based on the application type, the market is segmented as ADAS, body electronics, infotainment & communication, powertrain, and safety systems. ADAS is expected to be the fastest-growing segment of the market owing to the advantageous features regarding safety and driving during the forecast period. ADAS includes various systems such as adaptive cruise control, blind spot detection, night vision, and automated braking systems which provide driving assistance in driving at night and inclement weather conditions, fueling the segment’s growth during the forecast period.

Automotive Electronics Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as passenger cars and commercial vehicles. The passenger car is estimated to be the dominant segment of the market on account of increasing consumption and production of passenger car vehicles and growing integration of electronic systems during the forecast period. Rapidly changing consumer demands resulting in an increase in development of high-end passenger cars is further expected to have a positive impact on the market during the forecast period.

Automotive Electronics Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the flourishing automotive sector and China, Japan and South Korea being the major countries providing lucrative growth opportunities in the vehicle & component manufacturing sector in the region during the forecast period. Presence of various suppliers and China being the growth engine of the region are further expected to fuel the regional market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Following are the key players in the Automotive Electronics Market:

• Aisin Seiki Co., Ltd.
• Altera Corporation
• American Axle & Manufacturing, Inc.
• Atmel Corporation
• Autoliv, Inc.
• Broadcom, Inc.
• Continental AG
• Delphi Technologies
• Denso Corporation
• Robert Bosch GmbH.

About Stratview Research-

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Author : Emily