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Automotive Electronics Industry Competitive Dynamics, Size, Target Audience and Global Outlook till forecast 2023

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sagar k

Market Insights

The rising safety concerns to prevent accidents causing surge in the demand for active safety system is expected to boost the global Automotive Electronics Industry growth. The increasing need for  effective infotainment system and growing demand  for automobiles that offer greater fuel-efficacy are other factors that are expected to surge the global market of automotive electronics in the coming years.

Segmental Outline

The global market for automotive electronics has been segmented on the basis of sales channel, type, and application.

Based on sales channel, the Automotive Electronics Industry has been segmented into OEM and aftermarket.

Based on application, the Automotive Electronics Industry has been segmented into two-wheeler, passenger cars, light commercial vehicle, heavy commercial vehicle, and electric vehicle.

Regional Outlook

The regional study of the automotive electronics maker considers four key regions. They are; Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).

The North America market to hold the major share of the global Automotive Electronics Industry in the review period. Surge in the adoption of trending technologies by automobile manufacturers and increase in the demand for intelligent automobiles that are empowered with advanced electronic components are major factors that are expected to impel the North America market. Integration of technologies such as artificial intelligence, machine learning, and deep learning into passenger, commercial vehicles, and heavy vehicles by European automakers are expected to propel the regional market. The high electric vehicles use in Europe can also escalate the regional market growth. In the Asia Pacific  region, increased in per capita income, change in lifestyle, and expanding urban population base are contributing to the rise in the adoption of electric vehicles, equipped with advanced infotainment systems.  These factors are expected to push the APAC Automotive Electronics Industry growth.

Key Players

OMRON Corporation (Japan), Robert Bosch GmbH (Germany), HGM Automotive Electronics (U.S.), Infineon Technologies AG (Germany),  Delta Electronics, Inc. (Taiwan)., Hitachi, Ltd. (Japan), ZF Friedrichshafen AG (U.S.), Atotech (Germany), Koninklijke Philips N.V. (Netherlands), and Denso Corporation (Japan) are major players of the global Automotive Electronics Industry.  In- depth understanding of the competitive landscape of the market aids in designing strategic growth plan, which is likely to bolster the market to expand.

Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-electronics-market-4191

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