North America Auto Electronics Market is anticipated to witness an increase in overall growth of 8.5% to 2024.
SELBYVILLE, Del. (PRWEB) November 09, 2018
Auto Electronics Market is set to grow from its current market value of $206 billion to more than $395 billion by 2024, growing at a CAGR of over 8%. Increase in overall figure of fleets coupled with high average age will escalate the automotive electronics market.
ADAS is expected to surpass USD 60 billion in revenue by 2024. Strict safety regulations and technological advancement will lead to ADAS adoption in vehicle’s active security system. Road safety assurance coupled with comfort driving will propel the auto electronics market growth.
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Entertainment application sector is anticipated to generate over USD 80 billion business by 2024. Increase in consumer spending on entertainment systems including MP3 players, rear set entertainment, navigational services, satellite radios and several communication functions will contribute the auto electronics market growth.
North America is anticipated to witness an upsurge in overall growth of over 8.5% up to 2024. Technological development along with increasing concern over safety & security in vehicles will drive demand. In addition, New Car Assessment Program (NCAP) in the U.S. has delegated lane departure cautioning systems and emergency braking systems to assure a five-star evaluation for passenger cars, thereby fueling the auto electronics market growth.
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Asia Pacific automotive electronics market generated more than USD 85 billion in 2016. Sifting vehicle electrical constituent manufacturer production unit to Asia, availability of lesser cost equipment and labor. Necessity to meet international governing standards to promote export will positively impact industry growth.
Global auto electronics market share is highly competitive owing to large presence of domestic and global industry players. Bosch Group, Continental AG, Denso, Delphi, Dow Corning, Hitachi and Panasonic are the major revenue generating companies. Other prominent players in terms of product offering and geographical presence are Altera, Audiovox, Avago Technologies, Atmel, Infineon Technologies AG, Texas instruments, Wipro and TRW.
Browse key industry insights spread across 150 pages with 170 market data tables & 24 figures & charts from the report, “Automotive Electronics Market Size By Application (ADAS, Body Electronics, Entertainment, Powertrain, Safety Systems), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Czech Republic, Poland, Slovakia, Spain, Turkey, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Philippines, Taiwan, Vietnam, Indonesia, Brazil, Mexico, Argentina, Iran, South Africa, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 4 Automotive Electronics Market, By Application
4.1 Global automotive electronics market share by application, 2016 & 2024
4.2.1 Market estimates and forecast from ADAS, 2013 – 2024, (USD Billion)
4.2.2 Market estimates and forecast from ADAS by region, 2013-2024, (USD Billion)
4.3 Body electronics
4.3.1 Market estimates and forecast from body electronics, 2013 – 2024, (USD Billion)
4.3.2 Market estimates and forecast from body electronics by region, 2013-2024, (USD Billion)
4.4.1 Market estimates and forecast from entertainment, 2013 – 2024, (USD Billion)
4.4.2 Market estimates and forecast from entertainment by region, 2013-2024, (USD Billion)
4.5.1 Market estimates and forecast from powertrain, 2013 – 2024, (USD Billion)
4.5.2 Market estimates and forecast from powertrain by region, 2013-2024, (USD Billion)
4.6 Safety systems
4.6.1 Market estimates and forecast from safety systems, 2013 – 2024, (USD Billion)
4.6.2 Market estimates and forecast from safety systems by region, 2013-2024, (USD Billion)
Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-electronics-market
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