Auto Electronics Market Scope
Auto electronics are electronic systems used in vehicles, including ignition, engine management, radio carputers, telematics, and in-car entertainment systems, among others. They are specially designed electronics intended for use in automobiles only. Auto electronics can be subjected to, and are therefore rated at, more extreme temperature ranges than normal electronics. The increasing demand for safety and comfort features in vehicles is one of the major factor contributing to the growth of the market. Based on application, the market has been segmented into ADAS, infotainment, body electronics, safety systems, and powertrain. Auto electronics systems are used in light commercial vehicles, passenger vehicles, and heavy commercial vehicles.
According to AMA, the Global Auto Electronics market is expected to see growth rate of 6.5%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Auto Electronics market throughout the predicted period.
Aisin Seiki Co. Ltd. (Japan), Altera Corporation (United States), American Axle & Manufacturing, Inc. (United States), Atmel Corporation (United States), Bosch Group (Germany), Broadcom, Inc. (United States), Continental AG (Germany), Delphi Technologies (United Kingdom), Denso Corporation (Japan) and Faurecia (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hitachi Automotive Systems, Ltd. (Japan), Hyundai Mobis (South Korea), Infineon Technologies (Germany), Lear Corporation (United States), Magna International Inc. (Canada), Texas Instruments Incorporated (United States), Panasonic Automotive Electronics Co Ltd (Japan), The Dow Chemical Company (United States), VALEO (France), Voxx International Corporation (United States) and ZF Friedrichshafen AG (Germany).
Segmentation Overview
The study have segmented the market of Global Auto Electronics market , by Application (Advanced Driver Assistance System {ADAS}, Infotainment, Body Electronics, Safety Systems and Powertrain) and Region with country level break-up.
On the basis of geography, the market of Auto Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Rapid Use of Advanced Driver Assistance System (ADAS) and The Increasing Popularity of IoT IN Auto Electronics
Market Growth Drivers:
Increasing Demand for Safety and Comfort Features in Vehicles, Stringent Regulatory Framework in North America and Europe, Rapid Development of Unmanned Driving Technology, Flourishing Automobile Production, Increasing Sales of Electric Vehicles in China, Growing Vehicle Production Activities across the Globe and The proliferation of Component Manufacturers
Challenges:
Declining Automotive Production in the U.S. and Increasing Automobile System Complexities
Restraints:
High Prices of the ADAS
Opportunities:
Emerging Demand from Developed As Well As Developing Countries
Market Leaders and their Expansionary Development Strategies
May 7, 2021, American Axle & Manufacturing Inc. a leading global Tier 1 automotive supplier of driveline and metal forming technologies, and REE Automotive a leader in e-Mobility, announced that the companies have agreed to jointly develop an exciting new electric propulsion system for e-Mobility. REE is in the process of merging with 10X Capital Venture Acquisition Corp, a special purpose acquisition company, to become a publicly listed company.
On 25 Jan 2018, American Axle & Manufacturing, Inc. (AAM) and Drexler Automotive GmbH have entered into an agreement to expand their relationship and bring high-performance differentials and differential technologies from the premium market to the general market of passenger cars, light trucks, crossovers, and SUVs.
Key Target Audience
Auto Electronics Manufacturers, Auto Electronics Sub Component Manufacturers, Auto Electronics OEMs, Auto Electronics Traders/Distributors, Auto Electronics Importer/Exporter, Regulatory Bodies, Industry Associations, Downstream Vendors and Research & Consulting Firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.