automotive electronics industry

11 dez 2020 Sem categoria

The need to reduce road fatalities and ensure reduced traffic congestion accounts for the deployment of ADAS in all vehicle types. Moreover, technological advancements related to in-vehicle safety, and government regulations to reduce road fatalities are increasing the demand for advanced safety systems. European countries are focusing their efforts to phase out diesel-combustion engines and consequently gasoline engines by 2030. For instance, in 2017, the Government of Canada’s transport controlling body mandated the incorporation of electronic stability control and electronic logging devices for commercial buses and trucks. The market size of automotive electronics was valued over USD 285 billion in 2018. Designing the latest in electrical and electronics for vehicles In today’s vehicles with internal combustion engines, electronics represent 40% of the value of the car, versus about 5% in the 1970s. have significantly decreased road accidents worldwide. Growing consumer preference for vehicles integrated with Advanced Driver-Assisted Systems (ADAS), such as Adaptive Cruise Control (ACC), park assist, and blind-spot detection, has been propelling the market growth. Difficult design and integration process for superior applications Furthermore, the report quantifies the market share held by the major players of the industry and provides an in-depth view of the competitive landscape. A 50+ year history of automotive electronic component design, manufacturing, and supply-chain management makes Jabil a reliable and experienced partner for automotive manufacturers and suppliers worldwide. Hybrid electric vehicles are driven by multiple power sources that reduce the consumption of fuel and concurrently gives the consumer a positive, smooth, and quiet driving experience. Who are the key players in automotive electronics market? Besides, favorable government regulations on emission standards have also triggered the demand for sensors such as IR sensor, and O2 sensor. What are the factors driving the automotive electronics market? Moreover, government initiatives, such as Make in India and factors, like prevailing low labor costs and rising disposable income in emerging economies have led to an increase in the production of Light Commercial Vehicles (LCVs) and passenger cars. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. Moreover, increasing safety & security regulations by governments across the globe are projected to drive the market size for ADAS applications. b. Thus, fluctuation in the price of raw materials may hamper the growth of the automotive electronics market. Automotive electronics along with the presence of broad computing technologies and connected features are enhancing automobile capabilities. Moreover, the rise in the number of vehicle recalls over the last four years, has increased the company’s focus on quality checks, affecting the segment growth. Moreover, the positive shift toward the adoption of self-driving cars could significantly drive the demand for sensors. The regulations primarily focus on the reduction of fuel consumption for passenger cars while simultaneously maximizing the sale of new energy vehicles, including plug-in hybrid and fully electric vehicles. Rising incorporation & adoption of automotive electronics in vehicles. The change in percent of total vehicle cost going to electronics provides some perspective on this growth. We are in compliance with GDPR & CCPR norms. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. An analysis of Automotive Electronics Control Unit Management market has been provided in the latest report added by Market Study Report that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. China accounted for around 29.0% of global motor production in the same year. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems is primarily used in order to increase the overall efficiency of the combined system. The global Automotive Electronics Control Unit Management market is segmented by company, region (country), by Type, and by Application. Get in touch with us for special pricing. Automotive Electronics Market Size by Vehicle Type (Passenger Cars, Commercial Vehicles), By Applica... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, UK, Germany, France, Italy, Russia, Spain, Benelux, Poland, Sweden, China, India, Japan, Australia, South Korea, Taiwan, Thailand, Malaysia, Indonesia, Brazil, Mexico, Argentina, Colombia, South Africa, Aisin Seiki Co. Ltd., Altera Corporation, American Axle & Manufacturing, Inc., Atmel Corporation, Autoliv Inc., Bosch Group, Broadcom, Inc., Continental AG, Delphi Technologies, Denso Corporation, Faurecia, Hitachi Automotive Systems, Ltd., Hyundai Mobis, Infineon Technologies, Lear Corporation, Magna International Inc., Panasonic Corporation, Texas Instruments Incorporated, VALEO, Voxx International Corporation, ZF Friedrichshafen AG, Increasing demand for safety and comfort features, Stringent regulatory framework in North America and Europe, Increasing sales of electric vehicles in China, Rapid development of unmanned driving technology in Europe, Flourishing automobile production in Mexico, Growing vehicle production activities in South Africa. ADAS automotive electronics market revenue is projected to exhibit a CAGR of over 9.5% industry forecast by 2030 owing to safety and driving benefits offered by the system. The growing integration & adoption of automotive electronics in modern vehicles to deliver enhanced safety & comfort to consumers is one of the major factors driving the industry growth. Privacy Policy. Moreover, investments in the development of these technologies for improved vehicle performance are predicted to boost market growth. Also, the U.S. holds over 80.0% share of North American motor vehicle production. Copyright © 2020 Grand View Research, Inc. All rights reserved. Over the past five years, the automotive industry has witnessed an average growth of over 3% owing to the increasing disposable incomes especially in the emerging economies and growing demand for shared mobility services. This is the largest takeover deal of the Korean group, which will affect more than 9,000 employees worldwide. This is owing to the presence of well-established players, such as Continental AG, Denso Corporation, Aptiv PLC, Robert Bosch GmbH that hold a dominant market share. Since the electronic components offered by the OEMs are highly durable, the segment is estimated to expand at a significant CAGR over the forecast period. Due to the increased implementation of these systems in vehicles, the penetration of automotive electronics has also increased, further creating the demand for automotive electronics products across the globe. The global automotive electronics market size was estimated at USD 248.84 billion in 2019 and expand at a CAGR of 9.0% over the forecast period. In October 2017, Copenhagen’s mayor announced its plan to ban diesel cars registered after 2018. These systems are increasingly being deployed in vehicles due to benefits such as added driving assistance in night driving & bad weather conditions. The market players are continuously undergoing product development and innovation strategies to offer application-specific products and address the global automotive electronics demand. The automotive electronics market will be impacted by supply chain disruption; global light vehicles sales heavily dented during the first two months of 2020, amidst lower domestic demand and tightening restrictions. Hence, it is estimated to increase the overall vehicle production, thereby fueling the segment growth. The country was the leader in passenger car production and sales with 23.5 million and 23.7 million respectively, in 2018. Rapid rise in innovation in software-based systems is anticipated to trigger the demand for advanced electronic components. The prominent companies present in the automotive electronics industry are Magna International, Continental AG, Bosch Group, Altera Corporation, Infineon Technologies, Lear Corporation, Delphi Automotive, Hitachi Automotive Systems, Texas Instruments, ZF Friedrichshafen AG, Voxx International Corporation, Faurecia, Hyundai Mobis, and Valeo. The implementation of automotive electronics helps to increase reliability and lower the overall vehicle weight. Global Automotive Electronics Control Unit Management industry market professional research 2014-2026, is a report which provides the details about industry overview, industry chain, market size (sales, revenue, and growth rate), gross margin, … The aftermarket segment is anticipated to expand at a minimal CAGR over the forecast period owing to the increasing complexity of electronic components. This is attributable to rising demand for luxury and hybrid vehicles in the region. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. Automotive Electronics Market segmented by Component (Electronic Control Unit, Sensors, Current Carrying Devices, Others), by Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain), by Sales Channel (OEM, Aftermarket) and Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2024 This report has a service guarantee. Asia pacific will dominate the automotive electronics market and is growing at a CAGR of around 8% owing to the strong vehicle & component manufacturing sector in Japan, China, and South Korea. OEMs in the global automobile sector are developing vehicles that provide enhanced comfort & safety solutions to address the rapidly changing consumer demands. ADAS segment is estimated to expand at the highest CAGR of 11.8% over the forecast period owing to the several steps taken by the governments to enhance the safety and security of drivers as well as vehicles. ADAS a includes various systems such as adaptive cruise control, parking assistance, blind spot detection, night vision, and automated braking systems. The automotive electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2030 for the following segments: The above information is provided for the following regions and countries: Need a Discount? Though, the limited number of manufacturers creates significant investment opportunities for regional suppliers to capitalize on the local demand, thus making the ASEAN countries an attractive place for investors. Automotive electronics has continued to be one of the most significant parts of the automotive industry ever since the commencement of motorized vehicles. Design an exclusive study to serve your research needs. The increasing adoption of electric and hybrid vehicles is one of the major market factors in countries such as China, India, U.S. Japan, France etc. Increasing integration and adoption of advanced safety systems such as automatic emergency braking, lane departure warning, and airbags to reduce road accidents, is anticipated to fuel the growth. b. The earliest electronic systems available as factory installations were vacuum tube car radios, starting in the early 1930s. The market is moderately consolidated in nature, despite the availability of a large number of players manufacturing different electronic components such as wiring harness, ECUs, and sensors, among others. For electric or hybrid vehicles, that number jumps as high as 75%. North America is projected to expand at the second-highest CAGR of 9.2% over the forecast period. The global automotive electronics market size was estimated at USD 248.84 billion in 2019 and expand at a CAGR of 9.0% over the forecast period. Moreover, OEMs are focusing to implement various ADAS systems, such as adaptive cruise control, parking assistance, blind-spot detection, night vision, and automated braking systems, to enhance the driving experience to drive market demand. Majorly fuelling the global automotive electronics market are rising safety considerations, demand for high-end electronics for navigation, information, and entertainment, and the rising popularity of electric and hybrid vehicles due to environmental considerations. The report will account for Covid-19 as a key market contributor. Moreover, intensification in design complexity is also expected to restrain the growth over the forecast period. This report forecasts revenue growth at global, regional, and country levels and analyzes industry trends in each of the sub-segments from 2016 to 2027. In 2018, according to the China Association of Automobile Manufacturers, approximately 28 million vehicles were produced, which may accelerate the market value in the region. The automotive industry is extremely competitive owing to the presence of numerous strong and leading automobile system manufacturers in the market worldwide with their broad distribution network. But the assembly of vehicle electronics can often be a completely different process, taking place in a completely different location than the … Automotive Electronics Market size valued at USD 285 billion in 2018 and is estimated to grow at a CAGR of 7% from 2019 to 2030. The industry share of automotive electronics is projected to expand at 7% CAGR during 2019 to 2030. The OEM segment held the dominant market share in 2019, as most of the electronic components are integrated during the vehicle manufacturing stage. 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