Global Automotive Electric System Market Overview:
The automotive electric system is applicable to drive the functions of various technology. It is consists of a closed circuit with an autonomous power source-battery for the electrical process. The automotive electric system market has high growth prospects due to the integration of advanced safety systems such as lane departure warning, automatic emergency braking, and others. For Instance, Toyota Motor Corporation working closely with Suzuki Motor Corporation to introduced a compact battery-electric vehicle in the Indian market. So, the future for the automotive electric system looks promising. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the electric vehicles sector.
- Increasing Penetration of Electric Vehicles and Hybrid Electric Vehicles
- Rising Demand Due to Safety and Security Concerns
- Growing Consumer Preference towards Automobile Electrical Systems
- Rising Demand due to Replacement of Traditional System
- Electrical Failure in Vehicles Leads to Hamper the Market
- High Maintenance Cost Associated with Automotive Electric System
- Technological Advancements Such as In-Car Infotainment Systems Boost the Market Growth
- Rising In R&D Investments from Manufacturing Industries
- Sluggish Growth Due to Slow Adoption at Asia-Pacific Regions
- Least Number of Electric Fuelling Stations
Some of the key players profiled in the report are Alps Electric (United States), Continental AG (Germany), Delphi Automotive PLC (United States), Mitsubishi Electric (United States), Robert Bosch GmbH (Germany), TRW Automotive (United States), Hella (Germany), Lear Corporation (United States), Tokai Rika (Japan) and Valeo (France). Considering Market by Components, the sub-segment i.e. Sensors will boost the Automotive Electric System market. Considering Market by Sales Channel , the sub-segment i.e. OEMs(Original Equipment manufacturers) will boost the Automotive Electric System market.
In December 2018, Siemens acquired COMSA, Computer and Software GmbH. This acquisition will strengthen the market presence and beneficial for wire harness engineering and electrical systems design.
In December 2019, AFC Energy launched a zero-emission H-powerTM electric vehicle (EV) Charger system which is based on hydrogen fuel cell technology and ideal for commercial vehicles.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Electric System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Electric System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Electric System Manufacturer, Automotive Electric System Supplier, End-User of Different Segments of Pest Control Services, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.