Automobile Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
"The
Latest Research Report Automobile Electronics Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -
2021 provides information on pricing, market analysis, shares,
forecast, and company profiles for key industry participants. -
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Automobile
electronics are electrically generated systems that find application
in road vehicles and with increasing advancement in technology,
automobile electronics are becoming very popular and preferred by the
consumers. Automotive electronics enhances the engine control and
provides higher safety, security and comfort in a vehicle. The
advanced automobiles of the recent time have evolved as electronic
machines having a number of electronic control units (ECUs), which
function to perform operations such as providing driver assistance
through navigation system, in-vehicle infotainment through
audio-video devices, enabling internet facility and so on.. An
automobile can comprise of 150 ECUs to control more than one
operation at the same time. The ECUs can be divided into an engine
control to manage the efficiency of the vehicle, a surround view
system to prevent accidents and power steering to maintain the
balance. In addition, a direction and a telematic system provides
information from local hot-spots. A traction control or electronic
stability control is also part of the ECU, which maintains the
steering control and sensors of the airbags ensuring awareness and
safety in a vehicle.
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The
automobiles in today’s world are highly efficient and are equipped
with advanced gadgets to ensure a premium driving experience.
Automotive electronics is used in the functioning of GPS system,
entertainment system, airbag restraint system, power-steering system,
anti-lock braking system, engine management system and transmission
control system. Among all the above mentioned systems, entertainment
system is the most vivid and classified under various segments such
as satellite radio, audio-video players, carputers (computers
designed for in-vehicle use), and internet. The application of
automotive electronics is diverse and can be seen in all vehicles
such as heavy vehicle, passenger vehicle, SUVs, MUVs and luxury
vehicles.
The
automobile electronics market has experienced an exponential growth
over the years and with the advancement of technology, the growth is
expected to reach a new high in the coming years. With the increasing
concern for safety and security in vehicles, the demand for
automotive electronics is bound to surge during the forecast period.
The other factor, which is going to play a major role in the hike of
demand for automotive electronics, is the increasing purchasing power
of consumers across the globe. In addition, change in lifestyle of
the consumers is set to bolster the growth of the entertainment
systems under the automotive electronics market, globally. The
factors inhibiting the growth of the automotive electronics are its
premium pricing feature and high cost of maintenance.
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In
2014, North America held the largest market share in terms of revenue
followed by Europe, Asia Pacific and Rest of the World. The market in
North America and Europe tends to be a bit saturated because of its
high use and familiarity but the market is expected to remain stable
during the forecast period. By the end of the forecast period, Asia
Pacific and Rest of the World are expected to show significant growth
because there are a number of countries under this region, where
various automotive electronics technology is still not available.
Some
of the key players in the automotive electronics market include
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) and Denso
Corporation (Japan).
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Middle
East and Africa
Latin
America
This
report provides comprehensive analysis of
Market
growth drivers
Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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