the global automotive electronics market
# 3200, Seattle, WASHINGTON, United States, February 17, 2022 /EINPresswire.com/ – The global automotive electronics market was estimated at $ 194.26 billion in 2019 and is expected to reach $ 371.36 billion. by 2028 7.40% in the period from 2021 to 2028.
Components of automotive electronics are used in cars to improve the performance of the vehicle and increase the safety of the vehicles by integrating various safety devices such as airbags and lane control systems.
Overview:
The electrical system is the backbone of the car and provides energy to start the engine and charge the battery. It also produces high-voltage sparks to ignite compressed air and fuel charges. It provides power to headlights and other electrical accessories. The electrical system in the car is very complex. However, this is very important for the overall operation of the car. Car electronics are critical to vehicle performance and safety. Engine control and ignition, as well as radios and computers are critical automotive electronics. In addition, automotive electronic systems can also be found in trucks, motorcycles, off-road vehicles and internal combustion engines. These systems and components are necessary for the smooth and efficient operation of the vehicle.
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Drivers
Rapid electrification of autonomous vehicles is expected, amid growing government regulations requiring vehicles to have electronic safety features, to increase the growth of the automotive electronics market over the forecast period.
It is also expected that the increase in the proliferation of electric and hybrid vehicles instead of traditional internal combustion engines (ICs) will stimulate the growth of the automotive electronics market over the forecast period.
๐ฌ๐๐๐๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐๐๐:
โ Aptiv PLC
โ BASF SE
โ Broadline Components LLC
โ Continental AG
โ Denso Corporation
Hit Hitachi Ltd.
โ Infineon Technologies AG
Bil Jabil Inc
โ Magna International Inc
โ NVIDIA Corporation
โ NXP Semiconductors NV
โ Robert Bosch GmbH
โ STMicroelectronics NV
โ Texas Instruments
โ ZF Friedrichshafen AG
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The embodiment of the effects of COVID-19
The advent of the COVID-19 virus has prevented the global automotive electronics market from realizing its business potential. The pause in production operations caused by the pandemic has mainly affected market size. On the contrary, as the number of COVID infections decreases the market is ready to return to its normal pace.
What is a useful report?
โฑ The report is very highly useful for key decision makers and strategists in terms of market insight, future growth opportunities and key success factors.
โฑ Most importantly, the report analyzes the possible impact of COVID-19 on market dynamics, which provides amortization from an uncertain business environment and helps to effectively streamline resources and investment decisions.
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Main takeaways:
โฉ The automotive electronics market is expected to grow at an average of XX% over the forecast period due to increased electrification of the automotive sector and increased output.
โฉ For example, in December 2021, RECARO Automotive GmbH announced that it would introduce its new car seat, which uses a film with a pressure sensor to detect passengers and remind them of seat belts at CES 2022.
โฉ Expanding its horizons, the Asia-Pacific region has taken a leading position in the global automotive electronics market, leading the growth of FDI (foreign direct investment) in the automotive sector and increasing the number of OEMs (original equipment manufacturers).
โฉ Finally, the European region will also be actively involved in the global automotive electronics market due to strict regulations imposed by the European Union (EU), high production of hybrid cars in Germany and increased exports of automotive components. .
Mr. Shah
Coherent market benchmarks
+1 2067016702
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