Automotive Electronics Market – Key Trends, Drivers, Product Benchmarking, and Competitive Landscape.
size is valued at US$ 240.59 Bn in 2021 and expected to grow at a CAGR of 7.89% in the forecasting period to reach US$ 441.70 Bn by 2029.
The study looks at 34 countries that travel industry experts believe to be desirable travel destinations. Based on their expected investment needs, dominance in certain geographic industries, and worldwide reach, top corporations are chosen for benchmarking and profiling. The entire market impact of each regional, global, and local rival has been considered.
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Automotive Electronics Market Overview:
The Automotive Electronics Market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Automotive Electronics Market as well as the factors influencing regional variations in the growth of the sector.
It was possible to calculate the total market size by segments and nations by performing a micro level analysis of each country. Using a bottom-up approach, the sizes of the regional and global markets are estimated. It is possible to ascertain what percentage of the overall market the unorganised market makes up by micro-analysing each nation. The market's drivers, restrictions, and possibilities must be thoroughly investigated by the business structure. After that, the findings are verified by talking to well-known local businessmen. The secondary inquiry and analysis of the same uses data from both for-profit and open-source sources. Data about each player's output and consumption is gathered from a variety of sources, such as open and closed registries and, in the case of publicly traded companies, the company's financial reports. You could get in touch with the tax division of your local government if financial records are not made public.
OEMs are focusing on making significant R&D investments in order to produce high-performance goods at affordable prices. They are also paying more attention to energy storage technologies. Additionally, manufacturers are relying increasingly on electronic items, allowing them to provide products with a high level of safety. OEMs are concentrating on making affordable ADAS for the tiny and medium-sized car sectors as well. To strengthen their position in the global automotive electronics industry, the major manufacturers are developing reasonably priced ADAS systems such LDW systems, traffic sign recognition systems, and driver monitoring systems.
Automotive Electronics Market Segment:
Region-wise, According to projections, the Asia Pacific area will dominate the global market for car electronics. The region's key electronics ley players are responsible for the area's dominant market position. One of the main forces behind the growth of the global automotive electronics market is the thriving electronic component manufacturing sector. Additionally, the sheer number of producers offers good investment potential for local suppliers to capitalise on domestic demand, which accounts for a sizeable portion of the worldwide automotive electronics market.
The five primary geographical regions of the Automotive Electronics Market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Automotive Electronics Market Key players:
- • Altera
• Avago Technologies
• Dow Corning
• Bosch Group
• Hitachi Automotive Systems
• Infineon Technologies AG
• Texas Instruments
• Hella (Germany)
• Marelli (Italy),
• Osram (Germany)
• Valeo (France
• Philips (Netherlands)
• Varroc (India)
• Hyundai Mobis (South Korea)
• Koito (Japan)
• North American Lighting (US)
• Renesas (Japan)
• Lumax (India)
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- Top-down and bottom-up methods are used to estimate and validate the size of the global Automotive Electronics Market. Participants diligently adhere to the many classification requirements set forth by the firm to compile a comprehensive list of notable and active players. The businesses that are most relevant to the market under consideration are chosen after a thorough validation procedure.
- Preference lists are arranged using commercial databases like Factiva, Bloomberg, and others in accordance with the revenue generated in the most recent quarter.
- In addition, the questionnaire was created expressly to meet all requirements for appointment-only primary data collection based on the key target categories. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the expansion of various commodities and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before usage.
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