Auto Electronics Market to See 12.8% CAGR through 2023, Says Stratistics MRC in Its In-demand Report Available at MarketPublishers.com24 Jan 2018 • by Natalie Aster
LONDON – The global auto electronics market is set to increase from USD 173.06 billion in 2016 to reach USD 401.67 billion by 2023 recording a 12.8% CAGR. Technological advances in the electronics industry has well emulsified into the automobile sector, giving output as a well-maintained and safe driving experience.
Application-wise, the advanced driver assistance systems (ADAS) segment is projected to take the lead in the market due to the government required deployment terms in tandem with rising uptake of primary safety systems in vehicles.
The APAC market is poised to dominate the trend in the offing on the back of vehicle customisation, high product quality and low cost price. Furthermore, North America and Europe are augmenting the demand for customers’ comfort and safety, which is igniting the market growth over there.
Denso, Altera, Audiovox, Continental, Texas Instruments, Avago Technologies, Delphi Automotive, Dow Corning, Panasonic, Bosch Group, Hitachi Automotive, Infineon Technologies, and TRW Automotive, among others, are amid the leading players in the industry.
In-demand topical report “Auto Electronics - Global Market Outlook (2017-2023)” elaborated by Stratistics MRC gives an up-close, unbiased look at the market on a global level.
The study provides market segmentation by vehicle type, application, sales channel, and geography-wise. It provides market share assessments region- and country-wise; offers an analysis of the market shares of the dominant industry players. The report offers a detailed market trend analysis covering key drivers, restraints, threats, opportunities, challenges, emerging markets, etc. The research report offers competitive scenario and profiles the leading companies covering their strategies, financials, and recent developments. It also discusses supply chain trends mapping the latest technology advances. The report includes market forecasts to 2023 for all of the segments and regional markets mentioned. Furthermore, strategic recommendations for the new market entrants are also available in the study.
To find a full collection of the publisher’s research reports, visit Stratistics MRC online page at MarketPublishers.com.