Press Release

Automotive Electronics Market Revenue, Growth & Industry Analysis, and Regional Forecast, 2019-2026

Top Key Players Examined By Fortune Business Insights™ are Continental AG, Rober Bosch GmbH, SONY Corporation, Aptiv PLC, Hyundai Mobis and other players profiled in Automotive Electronics Market research report

The automotive electronics market size is expected to reach USD 144.19 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period. Moreover, the integration of Internet of Things (IoT), artificial intelligence, and cloud computing in automobiles will spur opportunities for the automotive electronics revenue in the forthcoming years, mentioned in a report, titled “Automotive Electronics Market Size, Share & Industry Analysis, By Application Type (Advanced Driver Assistance System [ADAS], Body Electronics, Power Electronics, and Infotainment), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Electric Vehicle) and Regional Forecasts, 2019-2026” the market size stood at USD 91.06 billion in 2018. The growing technological advancement in automotive for enhanced safety, entertainment and comfort features will contribute positively to the automotive electronics market growth during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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Market Driver:

Rising Adoption of Electric Vehicles to Boost Market Growth

The shift from conventional cars to electric vehicles will subsequently aid the development of the market. The preference towards electric vehicles owing to its capabilities such as high battery life, energy-efficient, advanced electronic systems, zero direct carbon emission. The companies operating in the market are investing vastly in the development of high-end hybrid cars.

The growing government regulations to curb carbon emissions will positively promote the automotive electronics market share. Also, the consumer inclination towards electric vehicles equipped with parking assistance, head-up display, and powerful infotainment system will bolster the healthy growth of the market during the forecast period.

Market Restraint:

High-Price of Electronic Systems to Diminish Business Potential

The high production cost of electric vehicles will simultaneously escalate the overall cost of hybrid cars, which, in turn, will hamper the growth of the market during the forecast period. The rising popularity of electric vehicles (EV) has led to the development of advanced driver assistance systems (ADAS) and infotainment systems.

The massive investment in R&D activities by companies along with the high cost of lithium-ion batteries and software used in vehicles will consequently surge the manufacturing cost, thus, leading to costly EVs. Besides, the complexities of electric vehicles and high maintenance and replacement cost will dampen the automotive electronics market trends.

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Regional Analysis:

Presence of Major Automotive Giants to Augment Growth in Europe

Asia Pacific generated a revenue of USD 43.49 in 2018 and is predicted to grow profoundly during the forecast period owing to the flourishing automobile industry. The presence of various automotive manufacturers in India, China and Japan will aid the expansion of the market in Asia Pacific. The rising production capabilities of manufacturing facilities will propel the growth of the market in the forthcoming years.

The increasing awareness about the advantages of EVs will contribute positively to the automotive electronics market growth. Europe is predicted to expand radically in the foreseeable future owing to the existence of automobile giants such as Volkswagen, Skoda, Audi, BMW, Daimler. In addition, the rising focus of the European government to curb carbon emissions and ensure safety features in every vehicle will encourage the healthy growth of the market during the forecast period.

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The Report Lists the Main Companies in the Automotive Electronics Market:

  • Continental AG
  • Robert Bosch GmbH
  • SONY Corporation
  • Aptiv PLC
  • Hyundai Mobis
  • ZF Friedrichshafen AG
  • Autoliv Inc.
  • Magna International Inc.
  • Aisin Seiki Co. Ltd
  • Philips N.V.
  • Infineon Technologies AG

Other Exclusive Reports:

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http://www.wboc.com/story/42719020/automotive-adaptive-cruise-control-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

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http://www.wboc.com/story/42719023/autonomous-emergency-braking-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

http://www.wboc.com/story/42719024/automotive-powertrain-electronics-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

http://www.wboc.com/story/42719025/mobility-as-a-service-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

http://www.wboc.com/story/42719026/automotive-electric-turbocharger-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

http://www.wboc.com/story/42719027/automotive-electric-water-pump-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

http://www.wboc.com/story/42719028/engine-bearings-market-trends-overview-amp-industry-analysis-and-regional-forecast-2019-2026

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