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Automotive Electronics Market Expected to Reach $382.16 Billion by 2026

A new report published by Allied Market Research, titled, "Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019u20132026," projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe. Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market.

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Automotive Electronics Market Expected to Reach $382.16 Billion by 2026

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  2. Automotive Electronics Market “Electronics in heavy commercial vehicle is gaining wide acceptance and their market share is on the rise, due to increase in demand for in-vehicle safety. Although the passenger cars segment dominated the global market. Furthermore, the demand for infotainment electronics is increasing due to surge in adoption of multimedia features in cars. In addition, the advancements in electronic components such as microcontrollers, sensors, and others, fuels the market growth.” ShantanuSachan Lead Analyst, Semiconductors & Electronics at Allied Market Research Download PDF Sample

  3. Automotive Electronics Market A new report published by Allied Market Research, titled, "Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026," projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe. Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market. Growth Drivers Automotive Electronics industry deals in equipping vehicles with digital and automatic controls. Factors such as adoption of IoT and AI in the automobiles, vehicles equipped with automated driving, the demand of in-vehicle safety features, increase in demand of infotainment features drive the market of automotive electronics. Download PDF Sample

  4. Automotive Electronics Market According to automotive electronics market analysis, Asia-Pacific is projected to experience rapid growth throughout the analysis period, China witnessed the highest demand for level sensors, due to wide presence of semiconductor companies in the country and stringent government regulations associated with level sensors.Furthermore, increase in adoption of speech recognition in the consumer electronics and consumer goods verticals are also expected to offer lucrative opportunities for the speech recognition market growth globally. The automotive electronics market size is segmented on the basis of vehicle type, component, application, distribution channel, and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system and power train and such other applications. Distribution channel in the automotive electronics market is segmented as OEM and aftermarket. Download PDF Sample

  5. Automotive Electronics Market • The qualitative data in the report aims on the automotive electronics markettrends, dynamics, and developments in the industry while the quantitative data provides information regarding the market share and market size in terms of revenue and volume. • Key Findings of the Study: • By vehicle type, the passenger car segment accounted for the highest share of the automotive electronics market forecast in 2019 with $87.39 billion, growing at a CAGR of 5.6% from 2019 to 2026. • On the basis of component, the microcontrollers segment generated the highest revenue, accounting for $63.44 billion in 2019. • By region, Asia-Pacific is expected to dominate the market, garnering 8.2% share during the forecast period. Download PDF Sample

  6. Automotive Electronics Market • MajorCompanies: • Robert Bosch • Renesas Electronics Corporation • Infineon Technologies AG • STMicroelectronics N.V. • Texas Instruments • NXP Semiconductors N.V. • Continental AG • NVIDIA Corporation • Hitachi Ltd. • Aptiv PLC. Download PDF Sample

  7. Automotive Electronics Market Contact: DavidCorrea 5933 NE Win Sivers Drive #205, Portland, OR 97220 UnitedStates Toll Free(USA/Canada): +1-800-792-5285, +1-503-894-6022,+1-503-446-1141 UK: +44-845-528-1300 Hong Kong:+852-301-84916 India (Pune): +91-20-66346060 Fax:+1⟨855⟩550-5975 help@alliedmarketresearch.com Web:https://www.alliedmarketresearch.com Download PDF Sample

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