Automotive Electronics Market report studies the future outlook of the market includes the size, share, key players, segments, regional analysis and forecast upto 2027. Growing penetration of Electronic Vehicles (EV) and Hybrid Electric Vehicles (HEV) across the globe is driving the growth of the market. Moreover, increasing investment by manufacturers on R&D to develop high-performance products at low cost is further fueling the growth of the market. Moreover, the growth of powertrain, safety, comfort, advanced sensors, and other components along with technological advancements in the automobile industry is driving the market growth again. Moreover, the ongoing R&D to enhance customer safety and reduce road accidents is expected to drive the market growth during the forecast period. On the other hand, high maintenance and replacement cost along with intensification in design complexities and risk of data breaches and cyber attacks can hinder the growth of the market. This detailed market study focuses on data obtained from multiple sources and analyzed using a number of tools including Porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insight into the potential value of the market to facilitate business strategists with the latest development opportunities. In addition to this, these tools also provide a detailed analysis of each application/product segment in the global automotive electronics market.
Major players in the automotive electronics market include Altera (Intel Corporation), Broadcom Ltd., Continental AG, Delphi Technologies, Denso Corporation, Hella Gmbh & Co. Kgaa (Hella), Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Microchip. Technology, Inc., NXP Semiconductors NV, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Valio Inc., Vistian Corporation, Xilinx, Inc., and ZF Friedrichshafen AG.
The broader automotive electronics market has been sub-grouped into components, applications, and sales channels.
regional analysis
In addition, the report covers geographic segmentation that focuses on current and forecast demand for automotive electronics primarily in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report further focuses on the demand for different application segments across sectors.
Source: https://www.valuemarketresearch.com/report/automotive-electronics-market
Nishtha Sarabhai after working for three years in a Bank switched to writing to balance her work and home. She is a mother of two beautiful kids. She enjoys writing on Aerospace, Science and new invcentions. She has been with VMR news since its inception.