According to the International Energy Agency, more than 3 million electric vehicles were under utility by consumers in 2017, a value that exceeded by 54% in comparison with the preceding year. This data summarizes the robust and evident infusion of electric and electronic devices in the automobile sector. The automotive sector in itself is a rapidly growing industry with production rates consistently increasing in various countries such as India (5.83%), China (3.19%), and Japan (5.31%) as of 2017.

As per the market outlook foreseen by the IndustryARC’s business intelligence report, titled “Automotive Electronics Market: By Components (Memory, Sensors, PCB, Microcontroller, Microprocessor, Display, Lighting, Others) By Application (Body, Chassis, Powertrain, Infotainment, Telematics, Safety, Security) By Geography Forecast (2018 - 2023),” the automotive sector’s electronic stride is forecast to stroke the automotive electronics market with abundant demand.

Automotive Electronics Major Application Segments in a Vehicle:

Pervasive electronic systems have affected almost all the automobile operations right from seat controls to engines. Electronics have integrated itself from operations covering sophisticated pleasurable experience such as radio, music systems, air-condition control, and parking assistance to core engineering components such as engine, ignition, transmission, auto control steering, safety airbags, and anti-lock brake. Electronically-controlled ignition and fuel injection systems enable automotive designers with possibilities to accomplish vehicles with enhanced fuel economy and lower emissions, while still preserving high levels of performance and convenience.

ECU: Engine control units lead the demand among the automotive electronics parts. It controls some of the most complex mechanism such as fuel injection rate, emission control, throttle control, and cooling system control. A modern-day car requires around 100 ECU’s. As per the sales statistics generated by OICA, around 97 million automobiles were sold worldwide in 2017. Thus the applications of ECU’s in the rapidly evolving and robustly growing automotive industry selling millions of cars each year is set to stroke the automotive electronics market with abundant demand.

Infotainment: Leading auto portals in India have claimed that car buyers in India are getting younger. High-end electronic infotainment systems is a must in transit for such consumers. Luxury OEM’s are capitalizing over this stride. Owing to this trend, India with its automotive sector growing at a rate of 5.83%, is forecast to deliver the market with ample amount of opportunities.

Apart from ECU’s and infotainment systems, some of the other areas of electrical integration in an automobile are:

Chassis electronics and its sub-segments such as anti-lock braking system, traction control system, electronic brake distribution, electronic stability program, and parking assistance.

Passive safety such as airbags, hill descent control and emergency brake assist system to control collision situations.

Advanced driver-assistance systems such as lane assist system, speed assist system, blind spot detection, park assist system, adaptive cruise control system and pre-collision assist.

Conclusion:
Automotive electronics have captured a major share of 30% in an automobile production cost. Global urbanization and increasing disposable income have diverted traffic from commercial vehicles to premium car segment loaded with unique and sophisticated facilities well supported with electronics. Therefore, the automotive electronics market is expected to return great profits in the near future.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=13

Related Report:
Automotive Data Analytics Market
https://industryarc.com/Report/17997/automotive-data-analytics-market.html

Chinese Automotive Electronic Stability Control (ESC) Market
https://industryarc.com/Report/18079/chinese-automotive-electronic-stability-control-esc-market.html

What can you expect from the report?
The Automotive Electronics market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application
2. Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Frequently Asked Questions:
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Or Email 2: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.