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The Automotive Electronics Market Share has been segmented into four different regions, namely North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to account for the largest share of the global Automotive Electronics Market Share during the forecast period due to increased use of electronics in vehicles. The region is expected to grow at a steady pace during the forecast period. Asia-Pacific is expected to be the second largest region in this market and will show significant growth due to rise in demand of electronic technology in countries such as India and China. The factors that are responsible for the growth of Automotive Electronics Market Share are increase in the advancement of technology, and growing concern for safety & security in the vehicle. The advancement in technology have led to increase in demand for the electronic in Automotive. The other factor that are responsible for the growth of this market are increase in purchasing power of the customer and change in the lifestyle of people. The increase in the purchasing power will led to growth in the sales of vehicle with latest technology, which will drive the Automotive Electronics Market Share during the forecast period.
The Automotive Electronics Market Share is expected to grow at 4.5% CAGR during the forecast period.
The Automotive Electronics Market Share is segment based on applications, vehicle types, and regions. On the basis of applications, advanced driver assistance system is expected to account for the largest share in this segment due to the increase in the development of algorithm, related to signal processing and sensor. The increase in safety of the vehicle is also expected to drive the segment during the forecast period. On the basis of vehicle type, passenger car is expected to witness the highest growth during the forecast period due to increase in safety consciousness among customers and growing demand for entertainment systems in the cars. The advancement in infotainment system in cars, will drive the growth of automotive electronics system market.
Key Players
The key players in global Automotive Electronics Market Share are Koninklijke Philips N.V. (Netherlands), Delphi Automotive PLC (UK), Sanyo Electric Co., Ltd. (Japan), Denon (Japan), Yamaha Corporation (Japan), Sony Corporation (Japan), Continental AG (Germany) Denso Corporation (Japan), OMRON Corporation, and Hitachi, ltd.
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