Automotive Electronic Devices Market Scope
the increasing demand for automobiles in the world will help to boost the global Automotive Electronic Devices market in the forecasted period. Automotive electronics are electronic systems used in vehicles, including engine management, ignition, radio, telematics, in-car entertainment systems, and others. Automotive electronics are used in employed in on-road and off-road vehicles including trucks, forklifts, tractors, motorcycles, excavators, and hybrid and electric cars. The main function of these devices is electronic fuel injection, infotainment system to improve the efficiency of the vehicle and driver assistance.
According to AMA, the Global Automotive Electronic Devices market is expected to see growth rate of 8.81%The Vendors having a strong hold in the market are Omron Corporation, Robert Bosch, Infineon Technologies, HGM Automotive Electronics, and Hitachi. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Electronic Devices market throughout the predicted period.
Omron Corporation (Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), HGM Automotive Electronics (United States), Hitachi, Ltd. (Japan), Delta Electronics, Inc. (Taiwan), Atotech B.V. (United States), TRW Automotive Holdings Corp. (United States), Continental AG (Germany) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Altera Corporation (United States), Lear Corporation (United States), Aptiv PLC (Ireland), Texas Instruments (United States), Atmel Corporation (United States), Altera Corporation (United States) and DENSO Corporation (Japan).
Segmentation Overview
The study have segmented the market of Global Automotive Electronic Devices market by Type (Electronic Control Unit, Sensors, Current Carrying Devices and Others), by Application (ADAS, Infotainment, Body Electronics, Safety Systems and Powertrain) and Region with country level break-up.
On the basis of geography, the market of Automotive Electronic Devices 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:
Growing Adoption of Smart Automobiles across the Developed and Developing Economies and Rising Demand for Energy-Absorbing Steering System, Electro-Chromatic Mirrors/Auto-Dimming Mirrors
Market Growth Drivers:
Upsurging Automobile Traffic has Upsurged the Demand for Automotive Electronic Devices and Increasing Regulations on Automotive Lighting
Challenges:
Upsurging Threat of Electronic Waste Across the Globe and The Dearth of Skilled Workforce might Stagnate the Demand
Restraints:
Manufacturing Complexities Associated with Highly Advanced Electronic Components and Upsurging Raw Material and Distribution Tariffs across the Globe
Opportunities:
Increasing Disposable Incomes will Encourage Global Consumer Base and Consumer Shift from Conventional Automobiles to Hybrid and Luxury Vehicles
Market Leaders and their Expansionary Development Strategies
In October 2019, Nidec Corporation acquired OMRON Automotive Electronics Co. from OMRON Corporation pursuant to a stock purchase agreement entered into between the company and OMRON. Ltd. was acquired. An overview of OMRON Automotive Electronics, its subsidiaries, and target overseas subsidiaries is set out in the "Overview of Major Acquired Companies".
OMRON Corporation has launched E3AS Series Reflective-type Photoelectric Sensors on October 1, 2019, which will provide the smallest body and longest sensing distance of 1,500 mm in the class. The sensors can provide stable detection without being influenced by the sensing distances or objects (colors, materials, and surfaces, etc.). This makes the selection, adjustment, and maintenance of sensors easier, and improves system commissioning and operation rates.
Key Target Audience
Automotive Electronic Device Manufacturers, Automotive Electronic Devices Distributors and Suppliers, Research and Development Institutes, Automobile Industry Associations, Government Agencies, Upstream and Downstream Buyers, Electronic Devices and Sensor Manufacturers and Others
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.