According to Global Market Insights, Inc., automotive electronics market will generate a mammoth revenue of more than USD 400 billion by the end of 2024. Of late, regional governments have been observed to be deploying stringent rules and regulation to curb environmental pollution, mainly caused due to the release of carbon content into environment. In 2012, the American National Standards Institute (ANSI) had released a standard roadmap to deploy electric vehicles and to implement changing infrastructure across the United States. In order to comply with regulatory norms, many automotive giants and start-up companies have shifted their focus toward the development of electric vehicles. In this regard, to fulfill the increasing requirement of electronic content, most the players in automotive electronics industry have been making heavy investments on the advancement of supply components.
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The Europe automotive electronics market is predicted to witness a high growth over the forecast timespan due to the increasing manufacturing of luxury & passenger cars by the leading OEMs. Due to the implementation of high-end systems in these vehicles, the countries including Germany, Italy, UK, etc., are witnessing a high demand for automotive electronics. The regional automakers are focusing on providing efficient mobility such as connected vehicles, driving assistance, and infotainment systems. Additionally, increasing regulatory policies from the European Commission are supporting the expansion of the regional automobile industry, contributing to automotive electronics market growth.
The rising automation and digitalization in automobiles have had a considerably positively impact on automotive electronics market trends. Tech giants have been adopting tried-and-tested strategies of joint ventures and M&As to set renewed frontiers for profitability. In fact, recently, Intel and Mobileye have signed a collaboration to develop self-driving cars. Even Panasonic is reported to have partnered with Tesla to manufacture batteries for vehicles.
Prominent players present in the automotive electronics market comprise: Bosch Group, Magna International, Continental AG, Hyundai Mobis, Hitachi Automotive Systems, Delphi Automotive, Lear Corporation, ZF Friedrichshafen AG, Texas Instruments, Faurecia, etc. Continuous product innovations by investing in R&D activities aid the companies to sustain a high automotive electronics market competition.
Browse key industry insights spread across 350 pages with 351 market data tables & 29 figures & charts from the report, “Automotive Electronics Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-electronics-market
Major Table of Content: –
Chapter 1. Methodology and Scope
1.1. Definition and forecast parameters
1.1.1. Definitions & scope
1.2.1. Assumptions, methodology and forecast parameters
1.3. Data Sources
Chapter 2. Executive Summary
2.1. Automotive electronics industry 3600 synopses, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Application trends
2.1.4. Vehicle type trends
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