Global Auto Electronics Market Growing at 14.42% CAGR to 2020
PUNE, India, June 27, 2016 --
The global auto electronics market sees an influence exercised by the non-automotive sector, which will positively impact on market while the rising electronic content dependency in the auto industry has led to the rising influence of hitherto non-automotive players in the industry. These players are the traditional consumer electronics companies, which had until recently only been in the stages of Tier 2 or Tier 3 suppliers in the automotive value chain. However, rapid electrification has resulted in many of these players acquiring critical mass in terms of revenues from the automotive components sector, leading to a change in supplier-OEM dynamics in the industry.
Complete report on auto electronics market spread across 164 pages, analyzing 5 major companies and providing 102 data exhibits is now available at http://www.reportsnreports.com/reports/586227-global-auto-electronics-market-2016-2020.html
The analysts forecast global auto electronics market to grow at a CAGR of 14.42% during the period 2016-2020. According to the auto electronics market report, a key growth driver is rising consumer demand. Consumers have driven most industries since the demise of the production economy. Consumer demand for safety, connectivity, and infotainment in the vehicle promises to drive the auto electronics industry in the coming years. There has been a major thrust in the safety and infotainment/interior electronics space, with safety being mandated by governments and ratified by a consortium of automotive OEMs in recent times. Consumer demand has also fueled developments in the lighting, emergency systems, and display space in the automotive interior and exterior electronics spaces.
Technology has grown by leaps and bounds in the auto electronics market over the decade. One of the primary reasons has been the gradual phase out of mechanical and hydraulic systems from vehicles and the advent of electronic or hybrid substitutes in passenger cars and commercial vehicles. The ultimate aim of the industry is an autonomous car electronically driven by the on-board computers. The vehicle should ideally navigate with the help of information received from its connected car network and from the internet of things. The technologies that are gradually pushing vehicular electronics toward this goal include drive-by-wire technologies that have been adopted from the aviation industry. Hybrid vehicular technologies are also significant and are considered middle ground between purely mechanical components and pure electronics.
Global Auto Electronics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global auto electronics market for 2016-2020. To calculate the size of the market, we have considered the production data for automobiles (passenger cars — luxury, mid-level, and entry-level segments, and light commercial vehicles [LCVs], and heavy commercial vehicles [HCVs]), annual revenue data of a select list of major OEMs, and the annual revenue data for a select list of automotive suppliers. Further, the auto electronics market report states that one challenge that could restrict market growth is the short lifecycle of automotive electronics.
The following companies are the key players in the global auto electronics market: Continental, Denso, Aisin Seiki, Valeo, and Delphi. Other prominent vendors in the market are: Bosch, Faurecia, Hyundai Mobis, Lear Corp., Magna International, TRW Automotive Holdings, and ZF Friedrichshafen. Order a copy of Global Auto Electronics Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=586227
Another related report is Global Electric Bus Market 2016-2020, the analysts forecast global electric bus market to grow at a CAGR of 26.77% during the period 2016-2020. Key market driver is the need to adhere to regulatory standards. Prevailing regulatory standards like emission standards; fuel economy targets; subsidies available for electric, hybrid, and alternative fuel vehicles; and governments mandating greener transport solutions have a significant impact on the automotive industry as a whole. Browse complete report @ http://www.reportsnreports.com/reports/539133-global-electric-bus-market-2016-2020.html
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