+1-888-308-5802     
News Contact Us

Report: Automotive Electronics Market on growth track to 2024

Author : Ronak Bora | Published Date : 2019-05-14 

Automotive electronics market, in recent times, is on the verge of emerging as a niche vertical, pertaining to the high demand for infotainment and security systems in vehicles. Many of the automotive giants of today are installing advanced and high-performance infotainment systems to enhance efficacy of vehicles. For instance, recently, Renesas Electronics signed a deal with the renowned automaker, Toyota Motor Corporation to implement its automotive technology in Toyota’s upcoming self-driving vehicles. This technology consists of the high-performance R-Car system-of-chip (SoC), used as the brain for advanced driver assistance systems and in-vehicle infotainment system of vehicles.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/183

The deployment of such systems to maintain passenger and vehicle safety is thus slated to impel automotive electronics market share. Over the coming years, the use of real-time operating systems and the development of next-generation visualization tools for automotive in-vehicle systems is likely to increase at an exponential rate. The surging awareness among people about the benefits of autonomous vehicles will thus help augment the utilization of electronic content in automobiles, thereby fueling automotive electronics market share.

The recent advancements in digital technologies such as IoT and AR are expected to substantially enhance the performance of vehicles. In this regard, some of the tech giants are looking forward to implementing image sensors to improve functional safety features. Recently, the European Parliament announced that it may be planning to mandate the use of safety equipment for all newly manufactured cars. The safety equipment includes intelligent speed assistance, autonomous emergency braking (AEB), and seatbelt reminders. Currently, the autonomous emergency braking system is becoming more common among new cars pertaining to the growing awareness about the importance of road safety. Moreover, the deployment of norms by the European Union related to the fuel economy and emission control has encouraged automakers to use more electronic content, which will significantly stimulate Europe automotive electronics market trends.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/183

Of late, regional governments have been observed to be deploying stringent rules and regulation to curb environmental pollution, mainly caused due to the release of carbon content into environment. In 2012, the American National Standards Institute (ANSI) had released a standard roadmap to deploy electric vehicles and to implement changing infrastructure across the United States. In order to comply with regulatory norms, many automotive giants and start-up companies have shifted their focus toward the development of electric vehicles.

In this regard, to fulfill the increasing requirement of electronic content, most the players in automotive electronics market have been making heavy investments on the advancement of supply components. For instance, Panasonic has developed a new software in cooperation with Azapa to speed up the development cycle of products. Speaking of which, some of the well-known behemoth in automotive electronics industry are Denso, Avago Technologies, Wipro, Delphi, Continental, Bosch Group, Panasonic, and Hitachi Automotive Systems.

The rising automation and digitalization in automobiles have had a considerably positively impact on automotive electronics market trends. Tech giants have been adopting tried-and-tested strategies of joint ventures and M&As to set renewed frontiers for profitability. In fact, recently, Intel and Mobileye have signed a collaboration to develop self-driving cars. Even Panasonic is reported to have partnered with Tesla to manufacture batteries for vehicles. Strategic alliances such as the aforementioned, in conjunction with the growing electrification in automotive sector are likely to boost automotive electronics market. According to Global Market Insights, Inc., automotive electronics industry will generate a mammoth revenue of more than USD 400 billion by the end of 2024.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved