Title: Automotive Electronics Market Application and Regional Outlook and Segments Overview to 2030
1Automotive Electronics Market Is Pegged To Cross
The USD 645 Billion By 2025 Global Market
Insights, Inc.
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2- Automotive Electronics Market Scenario
- As per a comprehensive report published by Global
Market Insights, Inc., worldwide automotive
electronics market is pegged to cross the USD 645
billion market by 2025. - The growing implementation of advanced safety
systems in vehicles is anticipated to drive the
market in the coming years. - Technological innovations in automotive
electronics systems aid in increasing vehicle
efficiency and improving user connectivity - Automotive infotainment systems are gaining high
popularity in the global automobile industry due
to the provision of value-added features, such as
large display screens, to accomplish numerous
vehicle features. Advanced infotainment systems,
such as digital radio, voice recognition,
rear-seat entertainment, and high-end radios,
provide better comfort and luxury to passengers.
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3Continue-
- Companies are adopting various developmental
strategies that include product innovations,
acquisitions, mergers, and collaborations to
obtain strong capabilities from other players.
For instance, in December 2017, Lear Corporation
is investing in acquisitions to strengthen the
advanced electronics portfolio by acquiring EXO
Technologies, an Israel-based GPS developer. - Growing awareness of electric vehicles in China
is likely to enhance the industry. In 2018, the
Chinese government introduced subsidy payment for
EV consumers depending upon the vehicle range.
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4- Stringent regulatory framework in North America
and Europe related to vehicle safety and road
safety is creating several growth opportunities
for the automotive electronics market
- Moreover, autonomous systems in vehicles are
gaining high popularity among consumers and OEMs.
Companies including BMW, Nissan, Volvo, and
Mercedes are slowly introducing autonomous
features, such as auto-parking and departure
warning systems, in their latest vehicles.
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5Latest Research Report on Automotive Electronics
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