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Automotive Electronics Market Revenue To Outshine $493.69 Billion By 2027 Owing To Increasing Sales of Hybrid And Electric Vehicles | Million Insights

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Automotive Electronics Market Revenue To Outshine $493.69 Billion By 2027 Owing To Increasing Sales of Hybrid And Electric Vehicles | Million Insights

October 26
07:41 2020
Automotive Electronics Market Revenue To Outshine $493.69 Billion By 2027 Owing To Increasing Sales of Hybrid And Electric Vehicles | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to a new report available with Million Insights, the global automotive electronics industry research report offers a thorough analysis of key companies, global scope, sales channel, and application. This study enables many opportunities for market players to invest in research and enlargement.

The global automotive electronics market size is likely to account for USD 493.69 billion in 2027, as per a new report by Million Insights. It is predicted that the market would register 9.0% CAGR from 2020 to 2027. Increasing sales of hybrid and electric vehicles are proliferating the growth of the market. In addition, integration of advanced systems such as ABS, sensors, airbags and others is supplementing the market growth for automotive electronics.

In addition, governments across the globe are focusing on implementing ADAS systems to ensure road safety. The integration of warning systems for lane departure and automatic emergency braking has been mandated in Europe, U.S and China. Such regulations have led to the installation of various electronics components in the production stage of the vehicles.

To download the sample PDF of “Automotive Electronics Market” Report please click here: https://www.millioninsights.com/industry-reports/automotive-electronics-market/request-sample 

 

North America and Europe are witnessing significant growth for in-vehicle infotainment systems, which, in turn, is likely to supplement the market growth. However, Asia Pacific accounted for the largest share in the market in 2019. This is large because of increasing vehicle sales in China and Japan. India, on the other hand, is showing promising growth as well. 

Key players in the market are Panasonic Corporation,Aptiv PLC,Continental AG, Intel Corporation, ZF Friedrichshafen AG, and Broadcom Ltd among others. These companies are focusing on expanding their market presence in emerging countries. New product development and partnerships are some of the major strategic initiatives adopted by these companies. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/automotive-electronics-market 

 

Further key findings from the report suggest:

• By components, the current-carrying division accounted for the highest share in the automotive electronics marketin 2019, owing to the growing focus on safety features.

• The safety category is likely to account for the highest share in the market throughout the forecast duration.

• In 2019, OEMs held the highest share in the market as most of the electronic components are integrated during the manufacturing process itself.

• Asia Pacific is projected to witness over 9% CAGR from 2020 to 2027 owing to rising vehicle demand from India and China.

Million Insights segmented the global automotive electronics market based on component, application, sales channel, and region:

Automotive Electronics Component Outlook (Revenue, USD Million, 2016 – 2027)
    • Electronic Control Units
    • Sensors
    • Current Carrying Devices
    • Others

Automotive Electronics Application Outlook (Revenue, USD Million, 2016 – 2027)
    • ADAS
    • Infotainment
    • Body Electronics
    • Safety Systems
    • Powertrain Electronics

Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2016 – 2027)
    • OEM (Original Equipment Manufacturer)
    • Aftermarket

Automotive Electronics Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

Browse latest market research reports available with Million Insights:

• Unified Communications Market: The global unified communications (UC) market size was accounted for USD 56.33 billion in 2018 and projected to grow with a CAGR of 16.8% over the forecast period, from 2019 to 2025.

• Tempered Glass Market: The global tempered glass market size was 3,063.0 million square meters in 2019. Increasing demand from the automotive and construction sector is driving market growth. 

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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