Global Automotive Electronics Market is Estimated to Reach $409 Billion by 2025
Global Automotive Electronics Market report published by Accurize Market Research forecast that the global market is expected to reach $409 billion by 2025; growing at a CAGR of 8.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Increase in the demand of automotive electronics in industries such as government & automobiles and growing application scope of this equipment globally to drive the growth of the market
Increase in the demand of automotive electronics in industries such as government & automobiles and growing application scope of this equipment fuel the demand for the global automotive electronics market. Furthermore, rising consumer demand and preventive procedures were taken by several countries also boost the growth of the market.
The global automotive electronics market has been bifurcated on the basis of application, vehicle type, and geography. The Application segment is sub-segmented as advanced driver assistance system (ADAS), body electronics, and infotainment, power train, and safety systems. ADAS segment is expected to be the fastest-growing segment over the forecast period primarily due to increased safety standards. The vehicle-type segment is sub-segmented as light commercial vehicles, passenger vehicles, and heavy commercial vehicles.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico wherein Europe covers the UK, Germany, France, Italy, Russia, and Rest of Europe. China, Japan, India, South Korea, and Rest of Asia-Pacific are covered under the Asia-Pacific. Rest of the World (RoW) includes South America, the Middle East, and Africa.
Top players in the market
The key market players include HGM Automotive Electronics, Hitachi, Ltd., Delta Electronics, Inc., OMRON Corporation, Atotech Deutschland GmbH, Robert Bosch GmbH, Infineon Technologies AG, and ZF TRW, among others.