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Automotive Electronics Market Size to Reach USD 144.19 Billion by 2026; Integration of ADS in Automotive Vehicles to Aid Expansion

May 29, 2020 | Automotive & Transportation

The automotive electronics market size is predicted to reach USD 144.19 billion by 2026. The growing efforts of companies to improve the in-vehicle user experience will promote the healthy growth of this market share during the forecast period. The implementation of the Internet of Things (IoT) and digital solutions in automotive vehicles will accelerate the automotive electronics market trends. For instance, The popularity oof Autonomous driving technologies such as LiDAR, Radar, V2X Communication, and sensor fusion, mentioned in a report, titled Automotive Electronics Market Size, Share & Industry Analysis, By Application Type (Advanced Driver Assistance System [ADAS], Body Electronics, Power Electronics, and Infotainment), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Electric Vehicle) and Regional Forecasts, 2019-2026” the market size stood USD 91.06 billion in 2018 and is expected to exhibit a CAGR of 6.1% between 2019 to 2026.


Announcement for Next-Generation Cockpit Systems by DENSO to Support Growth


DENSO Corporation, a global leader in automotive components and Qualcomm, a multinational corporation headquartered in San Diego, California announced their workings for the development of next-generation cockpit systems. The next-generation cockpit systems will harness the Qualcomm Technologies’ information and communication technologies, encompassing cutting-edge semiconductors and software solutions created for smartphones and DENSO’s expertise in in-vehicle requirements, user safety feature, and security technologies for HMI products.


The announcement of the innovative cockpit systems can have a tremendous influence on this market growth during the forecast period owing to the integrated cockpit system, which can coordinate with external cloud services and new HMI products, enabling car connectivity and advanced safety features such as driver status monitoring, driver and passenger authentication, and improved display operability. Moreover, the aim of DENSO to improve in-vehicle infotainment products and accessibility of integrated cockpit systems by utilizing the technologies. The development of head-up display, Harmony Core™, an integrated cockpit system uses a single microcomputer to coordinate and control HMI products running different Oss can encourage the healthy growth of the market in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/automotive-electronics-market-102840


Necessity for In-Vehicle Safety and Comfort to Create Sales Opportunities


The rising safety concerns among customers have led to the development of technologically advanced automotive electronic systems. The demand for high-performance, comfortable, and luxurious vehicles will stimulate the growth of the market. The augmentation in park assist systems, automated cruise control, tire pressure system, automotive emergency braking, and airbags will favor the automotive electronics market growth.


Moreover, the government initiatives for the incitement of zero-emission vehicles will augur well for the market. The validation of mandatory safety standards abided by automotive manufacturers in all vehicles will further enhance the development of the market in the forthcoming years. Besides, the increasing urbanization and improved lifestyle will create lucrative business for the market during the forecast period


Integration of Trailblazing Technologies by Players to Induce Trade


Major companies leading this market size are Robert Bosch GmbH, SONY Corporation, Aptiv PLC, and Hyundai Mobis. Giants are focused on developing a wide range of smart assistance solutions essential for the urban population. However, the perpetual investment in R&D by component manufacturers has led to technological advancements, thus, fostering business opportunties for the market.


For instance, in November 2019: Hyundai Mobis announced the world’s first rear-autonomous emergency braking system. The new technology delivers a wide detection range, better resilience to unfavorable conditions, and faster responsiveness. It also detects humans or other objects on the rear side via sensors, radars and applies emergency brakes to avoid collisions. Moreover,  Continental AG and ZF Friedrichshafen have upheld their positions in the competitive landscape among other competitors.


List of Top Companies Covered  in Automotive Electronics Market;



  • Continental AG

  • Robert Bosch GmbH

  • SONY Corporation

  • Aptiv PLC

  • Hyundai Mobis

  • ZF Friedrichshafen AG

  • Autoliv Inc.

  • Magna International Inc.

  • Aisin Seiki Co. Ltd

  • Philips N.V.

  • Infineon Technologies AG

  • NVIDIA Corporation

  • Valeo SA


Further Report Findings:



  • Regional Analysis: The implementation of various safety regulations by the European government to limit road accidents and control air pollution. Moreover, the presence of eminent car companies in the region will boost the growth of the market in Europe. Asia Pacific is likely to witness a high growth rate during the forecast period due to the prospering automotive industry in India and China.

  • Leading Segment: The advanced driver assistance system (ADAS) is expected to hold the largest share in the market during the forecast period. The growth is attributed to ADAS abilities to assist the driver by providing safety, comfort, efficiency while driving.


The Market is Segmented into:









































 ATTRIBUTE



  DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD billion) & Volume (Thousand units)



Segmentation



By Application Type



  • Advanced Driver Assistance System (ADAS)

  • Body Electronics

  • Power Electronics

  • Infotainment



By Vehicle Type



  • Passenger Cars

  • Light Commercial Vehicles (LCV)

  • Heavy Commerical Vehicles (HCV)

  • Electric Vehicle (EV)



 



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea and Rest of Asia- Pacific)

  • Rest of the World


Automotive Electronics Market
  • PDF
  • 2018
  • 2015-2017
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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