Scope of the Study
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.
The market study is being classified by Type (Electronic Control Unit, Sensors, Current Carrying Devices and Others), by Application (ADAS, Infotainment, Body Electronics, Safety Systems and Powertrain) and major geographies with country level break-up. According to AMA, the Global Automotive Electronic Devices market is expected to see growth rate of 8.81% and may see market size of USD377.3 Billion by 2024.
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 profiled in the study. 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).
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 predicts that United States Vendors will contribute to the maximum growth of Global Automotive Electronic Devices market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive Electronic Devices market by Type, Application and Region.
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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Upsurging Automobile Traffic has Upsurged the Demand for Automotive Electronic Devices
- Increasing Regulations on Automotive Lighting
- Growing Adoption of Smart Automobiles across the Developed and Developing Economies
- Rising Demand for Energy-Absorbing Steering System, Electro-Chromatic Mirrors/Auto-Dimming Mirrors
- Manufacturing Complexities Associated with Highly Advanced Electronic Components
- Upsurging Raw Material and Distribution Tariffs across the Globe
- Increasing Disposable Incomes will Encourage Global Consumer Base
- Consumer Shift from Conventional Automobiles to Hybrid and Luxury Vehicles
- Upsurging Threat of Electronic Waste Across the Globe
- The Dearth of Skilled Workforce might Stagnate the Demand
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 AudienceAutomotive 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
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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