Market Research Report
Auto Electronics - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||599826|
|Published||Content info||164 Pages
Delivery time: 2-3 business days
|Auto Electronics - Global Market Outlook (2017-2023)|
|Published: November 1, 2017||Content info: 164 Pages||
According to Stratistics MRC, the Global Auto Electronics market is accounted for $173.06 billion in 2016 and is expected to reach $401.67 billion by 2023 growing at a CAGR of 12.8%. Technological advancements in electronics industry has well emulsified into automotive sector, giving output as a well maintained and safe driving experience. Prevailing benefits including emergency call system, accident data recorder and alcohol ignition locks system are some of the factors fuelling the market growth. On the other hand, lack of interaction between OEM management and subsystems is the factor inhibiting the market.
ADAS (Advanced Driver Assistance Systems) segment is estimated to dominate the market owing to the government mandatory deployment terms coupled with growing acceptance of active safety systems in vehicle. Asia Pacific market is expected to dominate the trend in the forthcoming years on account of vehicle customization, superior product quality and low cost. Moreover, North America and Europe are proliferating demand for customer comfort and safety which is driving market over there.
Some of the key players of the Auto Electronics market include Altera, Atmel Corporation, Audiovox Corp., Avago Technologies, Bosch Group, Continental AG, Delphi Automotive, Denso Corp., Dow Corning, Hitachi Automotive, Infineon Technologies, Panasonic, Texas Instruments, TRW Automotive and Wipro.
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