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Automotive Electronics Market To Reach Beyond $290 Billion By 2024 | Resear... PowerPoint PPT Presentation


Automotive Electronics Market Size by Application (ADAS, Infotainment, Power train, Body Electronics, Safety Systems), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 To 2024

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Automotive electronics market to reach beyond 290 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Automotive Electronics Market Research Report - Global Industry

Analysis, Growth and Forecast to 2024: Hexa Research

The global automotive electronics market is estimated to be valued more than USD 290

billion by 2024. Rising premium audio system and advanced driver assistance system

demands are the key factors anticipated to augment the market growth. Accident recorder

systems, emergency call systems, and alcohol ignition interlocks are the technologies that

are said to boost the growth in the near future. In addition, rising trend of in-vehicle

infotainment is also likely to help boost the market. High complexity levels and lacking

awareness about the overall subsystems’ understanding may hinder the growth. The global

automotive electronics market is divided into applications and regions.

The application sector comprises body electronics, Advanced Driver Assistance System

(ADAS), infotainment, safety systems, and powertrain. The regulatory boards of various

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive electronics market to reach beyond 290 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

economies have taken steps for integrating safety gadgets in cars and other vehicles so as

to restrain the occurrence of fatalities caused by road accidents.

Browse Detail Report@

https://www.hexaresearch.com/research-category/automotive-and-transportation-

industry

Some of the necessary devices utilized to ensure passenger safety are backup sensing

system, airbags, on and off switches for air bags, auto dimming mirrors or electrochromatic

mirror, head restraints, energy-absorbing steering system, heads-up display, passenger

sensing system, and padded knee bolster.

The ADAS application sector is projected to witness high growth during the forecast period

(from 2016 to 2024). This is due to various strict safety regulations resulting in the major

adoption of in-car active safety systems. Demands for in-vehicle data storage, to support

sophisticated in-car features, are estimated to be the major growth driving factors for

infotainment systems.

Geographically, North America dominated the global automotive electronics market in 2015.

However, Asia-Pacific is anticipated to experience high growth on account of the rising

needs to meet strict standards, to increase product quality, for reduced production costs,

and for customized vehicle features. Developing economies including India and China are

likely to positively impact the growth of the region.

The major companies operating in the global automotive electronics market include Robert

Bosch GmbH; Continental AG; Denso Corp.; Delphi Automotive PLC.; TRW Automotive;

Johnson Controls Inc.; and Autoliv AB. The major sustainability and growth strategies used

by all such companies include creating technology partnerships with other companies in the

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive electronics market to reach beyond 290 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

ecosystem. Plus, automakers are anticipated to increase the intelligent electronics adoption

that makes their products safe to drive and environment-friendly.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/automotive-and-transportation-

industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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