Market Research Future published a cooked research report on global Electric Vehicle Embedded System Market.
Over the past decade, it had been observed that the price of crude oil barrels is increasing very rapidly, while its availability is decreasing. Due to these factors, a large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States has been rapidly increasing, with 70% of year-over-year growth in sales. Along with the United States, Norway has also put a step ahead and has shifted their focus towards electric vehicles. As per the market statistics, every third of a new car is electric. The country also has the highest proportion of 6.4% electric cars, worldwide, followed by Sweden with 3.4%. The growth of electric vehicles is increasing and since 2014, the sales have doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide. This increase in the growth of the electric vehicle is expected to significantly drive the market for embedded system for electric vehicle market.
Addition to these above factors, the government of various countries have also taken initiatives to increase the sales of electric vehicles. In countries such as India, Singapore, Indonesia, and Brazil, the governments have planned to invest more and welcome several electric vehicles manufacturers to set up manufacturing plants. Companies such as Tesla Motors, Hyundai, Mahindra & Mahindra, and Tata Motors are leading the race to roll out electric vehicles soon. Apparently, the other developing countries have also taken the same initiatives to boost the production of electric vehicles. Additionally, with the rise in income levels among individuals, the incidences of customization of vehicles, have been increasing. Such trends in the market are expected to power the growth of the embedded system for automotive market.
The global embedded system for electric vehicle market has been segmented on the on the basis of components the market has been segmented as Sensors, MCU, Transceivers, and Memory Devices. On the basis of application the market has been segmented as infotainment & Telematics, Body Electronics, and Safety & Security. On the basis of region the market for Embedded System for Electric Vehicle has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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