Automotive Electronics Market Size And Forecast
According to Verified Market Research, the global Automotive Electronics Market was valued at USD 220.5 Billion in 2018 and is projected to reach USD 420.3 Billion by 2026, growing at a CAGR of 8.35% from 2019 to 2026.

What is Automotive Electronics?
Automotive electronics are defined as the electronically operating systems used in vehicles. These systems are used in Electronic fuel injection, airbag, advanced driver assistance, and infotainment in order to enhance the overall efficiency of the combined system. Automotive electronics can be subjected to more extreme temperature ranges than commercial. These electronic systems have application in the following: Engine electronics, Transmission electronics, Chassis Electronics, Driver assistance, Entertainment systems, and Electronic Integrated Cockpit systems.

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Global Automotive Electronics Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The growing popularity of electric and hybrid vehicles, technological advances in vehicles, government initiatives were taken in developed countries that have been driving the global automotive electronics market. The increasing adoption of advanced safety systems such as automatic emergency braking systems, and emergency call systems among others, increasing disposable income, and rapid urbanization are some of the factors that are expected to boost the demand for automatic electronics over the forecast period. On the other hand, issues of loss of critical vehicular information through automotive electronics might hinder the overall market at a global level. Moreover, growing R&D activities for developing high-performance components to improve fuel efficiency and emission control is likely to fuel the growth of the market over the forecast period.

Verified Market Research, narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Automotive Electronics Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

Global Automotive Electronics Market Competitive Landscape
The “Global Automotive Electronics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Infineon Technologies AG, Maxim Integrated Products Inc., ON Semiconductor Corp, OMRON Corporation, Hitachi Ltd., Texas Instruments Inc., ST Microelectronics N.V., NXP Semiconductor NV, Robert Bosch GmbH, and ZF Friedrichshafen AG.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Automotive Electronics Market, By Component
• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

Automotive Electronics Market, By Application
• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain

Global Automotive Electronics Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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