PUBLISHER: Inkwood Research | PRODUCT CODE: 1152314
PUBLISHER: Inkwood Research | PRODUCT CODE: 1152314
The Europe automotive embedded systems market is set to record a CAGR of 5.12% during the forecast period, 2022-2030. The region is home to several high-tech OEMs engaged in areas like navigation systems, display units, comprehensive systems, and audio units. Also, automotive companies are offering infotainment and ADAS technologies like customizable touch-screen layouts and voice ADAS.
The United Kingdom, Spain, Italy, France, Germany, Slovakia, Czech Republic, and Rest of Europe are evaluated for the Europe automotive embedded systems market growth analysis. In France, 315 component manufacturers and 16 local & foreign carmakers provide supply chain prospects for UK businesses. Also, the presence of domestic carmakers like Opel, Volkswagen (VW), and Ford Motor dominate, Renault, PSA Peugeot, etc., offers growth prospects. In addition, the high incidence of car ownership facilitates a lucrative market for accessories and parts. Besides, manufacturers are projecting advancements in environmental-friendly technologies. Furthermore, the automobile sector offers growth opportunities for embedded manufacturers.
Similarly, the automotive sector is an important growth sector for automotive embedded systems in many Central and Eastern European (CEE) nations, including Romania, Slovakia, Slovenia, Poland, Hungary, and the Czech Republic. Whereas the Netherlands is among the strong companies in Europe and offers favorable conditions for businesses looking to set up industrial operations. This is attributed to technological advancements, a skilled workforce, innovations, and competition.
Some of the prominent firms in the market include: Mitsubishi Electric Corporation, NXP Semiconductors NV, Intel Corporation, Infineon Technologies AG, etc.