Industry Background:
Automotive electronics are the electronics products and components used in various types of automobiles for personal as well s commercial applications. The electronics for automotive are designed especially for various crucial functions. Different ranges of electronics such as engine electronics, transmission electronics, chassis electronics, passive safety, driver telematics assistance, in-car entertainment systems, and others are used. Its components are manufactured in several temperature rates defining its temperature ratings. Automotive electronics contribute about a third of the total costs of the entire vehicle. Some of the new features such as autonomous driving, secure communication & infotainment, electric cars with high power boost the automobile electronics market.This growth is primarily driven by Growing Production of Electric Vehicles
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Delphi Technologies (United Kingdom), Yamaha Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Sony Corporation (Japan), Continental AG (Germany), DENSO Corporation (Japan), Toyota Industries Corporation (Japan), Harman International Industries, Inc (United States), Sanyo Electric Co., Ltd., (Japan), Omron (Japan) and Waymo LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 31st October 2019, Nidec Corporation announced that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. from OMRON Corporation in accordance with a stock purchase agreement entered into by the Company and OMRON. and On 3rd June 2019, HARMAN, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., today announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, Maharashtra, in sync with the national priority program of ‘Make in India’. HARMAN will install four new world-class SMT production/assembly lines, scaling from existing two to six lines, to meet the growing demands for innovative connected car solutions globally.
Regulatory Insights:
"EMC Standards for the Automotive Industry, there is no "single" set of standards on new vehicles. Different countries have different regulations, and the industry as a whole has come together to develop a broad range of other standards on electronics and mechanical systems in vehicles. On the electronics design side, there are few organizations that specify EMC standards for automotive electronic systems. Including specifications from every standard that governs the industry takes its own website (multiple in fact), but we can point to two relevant standards organizations that you should consider when designing your new product."
Influencing Trend:
Integration of Embedded Vision Technology in Automobile Electronics for Reduction of the Driver's Workload
Market Growth Drivers:
Growing Production of Electric Vehicles and Demand for Easy Driving Act and Fuel Efficiency Requires the Electronics in Automotive
Challenges:
High Cost of Assembly and Installation of Automobile Electronics in the Vehicles
Restraints:
Stringent Regulatory Guidelines on Automobile Electronics
Opportunities:
Surging Demand for the Graphical Interfaces and Vehicle System of Systems in the Internet of Things will Boost the Automobile Electronics Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automobile Electronics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automobile Electronics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automobile Electronics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automobile Electronics Study Sheds Light on
The Automobile Electronics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Electronics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile Electronics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.