Automotive Electronics Market Share| COVID-19 Impact, Global Trends and Forecast to 2023

Overview

The future of the Automotive Electronics Market Share will be shaped by developments made in the Internet of Things which will enable automation and connectivity. Regulations pertaining to emission standards have also prompted the use of electronic gadgets to reduce emission.

Segmental Outline

The global market for automotive electronics has been segmented on the basis of sales channel, type, and application.

Based on type, the automotive electronics has been segmented into advanced driver assistance systems, body electronics, safety systems, entertainment, powertrain, and others.

Based on sales channel, the Automotive Electronics Market Share has been segmented into OEM and aftermarket.

Regional Outlook

The regional study of the automotive electronics maker considers four key regions. They are; Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).

The North America market to hold the major share of the global COVID-19 Impact in the review period. Surge in the adoption of trending technologies by automobile manufacturers and increase in the demand for intelligent automobiles that are empowered with advanced electronic components are major factors that are expected to impel the North America market. Integration of technologies such as artificial intelligence, machine learning, and deep learning into passenger, commercial vehicles, and heavy vehicles by European automakers are expected to propel the regional market. The high electric vehicles use in Europe can also escalate the regional market growth. In the Asia Pacific region, increased in per capita income, change in lifestyle, and expanding urban population base are contributing to the rise in the adoption of electric vehicles, equipped with advanced infotainment systems. These factors are expected to push the APAC Automotive Electronics Market Share growth.

Key Players

OMRON Corporation (Japan), Robert Bosch GmbH (Germany), HGM Automotive Electronics (U.S.), Infineon Technologies AG (Germany), Delta Electronics, Inc. (Taiwan)., Hitachi, Ltd. (Japan), ZF Friedrichshafen AG (U.S.), Atotech (Germany), Koninklijke Philips N.V. (Netherlands)

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