Automotive Electronics Market Expected To Reach $ 382.16 Billion By 2026 With A CAGR Of 7.30%
PORTLAND, OREGON, UNITED STATES, October 4, 2021 /EINPresswire.com/ – Allied Market Research has released a new report titled “Automotive electronics market by type of vehicle (passenger car, LCV and VHC), component (sensors, actuators, processors, microcontrollers and others), application (ADAS, infotainment, body electronics, security system, powertrain and others) and distribution channel ( OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2026 “The global automotive electronics market size was $ 228.34 billion in 2019 and is expected to reach $ 382.16 billion by 2026 , to register a CAGR of 7.30% from 2020 to 2026.
Factors that are helping the growth of the automotive electronics market include falling prices, better performance compared to SiC devices, increasing demand for GaN devices for wireless charging, increasing installation of GaN devices in electric vehicles; and the growing need for GaN devices in the commercial sector. RF applications.
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The report provides a comprehensive analysis of major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress + Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg. The major players operating in the global automotive electronics market are Robert Bosch, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics NV, Texas Instruments, NXP Semiconductors NV, Continental AG, NVIDIA Corporation, Hitachi Ltd. and Aptiv PLC.
The companies follow various market strategies such as product launch, product development, collaboration, partnerships and others which lead to the growth of the market. Nvidia has launched a simulator that harnesses the power of cloud computing to test autonomous vehicles. The software can simulate sunset glare, snowstorms, poor road surfaces, and hazardous situations to test the vehicle’s responsiveness.
Key Benefits of the Automotive Electronics Market 2021-2026 Report:
The report provides qualitative and quantitative analysis of current automotive electronics market trends, forecast and market size from 2021 to 2026 to determine new opportunities.
Porter’s Five Forces Analysis highlights the power of buyers and suppliers to empower stakeholders to make strategic business decisions and determine the level of competition in the industry.
The main impact factors and the main pockets of investment are highlighted in the research.
The main countries in each region are analyzed and their contribution to turnover is mentioned.
The COVID-19 pandemic has disrupted the whole world and affected many industries.
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The market player positioning segment helps to understand the current position of market players active in the Automotive Electronics market.
The report offers in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s five forces analysis and competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain an in-depth understanding of the industry and determine the steps to be taken to gain a competitive advantage. .
The report offers key drivers that are propelling the growth of the global automotive electronics market. This information helps market players design strategies to gain market presence. The research also highlighted the constraints of the market. Opportunity information is mentioned to help market players take further action by determining potential in untapped regions.
The research offers detailed segmentation of the global automotive electronics market. Key segments analyzed in the research include type, applications, and geography. An in-depth analysis of the sales, revenue, growth rate and market share of each segment for the historical period and forecast period is offered with the help of tables.
The automotive electronics market is analyzed on the basis of regions and the competitive landscape of each region is mentioned. The regions covered in the study include North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). This information helps to design strategies and create new opportunities to achieve exceptional results.
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Main report offerings:
Key Factors and Opportunities: Detailed analysis of the drivers and opportunities in different segments for strategy development.
Current trends and forecasts: full analysis of the latest trends, developments and forecasts for the next few years in order to take the next steps.
Segment analysis: each segment analysis and the determining factors as well as revenue forecast and growth rate analysis.
Regional Analysis: Thorough analysis of each region helps market players to design expansion strategies and leap forward.
Competitive Landscape: Detailed information about each of the major market players to define the competitive scenario and take action accordingly.
Key market segments
• By application
o Body electronics
o Security system
• By component
• By distribution channel
o Secondary market
• By type of vehicle
o Passenger car
o Light commercial vehicle
o Heavy utility vehicle
• By region
Rest of Europe
Rest of Asia-Pacific
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. All the data presented in the reports that we publish are extracted during primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.