Automotive Electronics Market worth USD 415.73 Billion by 2030,

On Nov 16, 2021

New York, Nov. 16, 2021 (GLOBE NEWSWIRE) — Automotive Electronics Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Automotive Electronics Market Research Report, By Technology, By End Market, By Application, By Vehicle type and Region – Forecast till 2030” the market is projected to be worth USD 415.73 Billion by 2030, registering a CAGR of 7.35% during the forecast period (2022 – 2030), The market was valued at USD 233.61 billion in 2021.

List of the companies profiled in the automotive electronics market research report include –

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

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The global automotive electronics market is both fragmented as well as competitive for the presence of various international and also domestic industry players. The players have used innumerable innovative strategies to stay at the vanguard and also cater to the burgeoning need of the customers including contracts, collaborations, partnerships, contracts, joint ventures, new product launches, geographic expansions, and more. Further, they are also investing in different research and development activities.

Market Research Future’s Review on Automotive Electronics Market

COVID-19 Analysis

The COVID-19 outbreak has severely impacted the auto industry due to the shutting down of different manufacturing facilities, supply chain disruption, and international trade barriers. The fall in demand from the consumers has made numerous automakers in cutting down their production capabilities for new cars. In mid of 2021, most automotive OEMs have revamped their production facilities for increasing their investments in auto electronics market, electric vehicles, and autonomous technologies for gaining a competitive edge in the market. Besides, increasing support from the government for auto OEMs for overcoming disruptions in sales for the pandemic will boost market growth.

Browse In-depth Market Research Report (188 pages) on Automotive Electronics

https://www.marketresearchfuture.com/reports/automotive-electronics-market-4191

Drivers

Rising Government Initiatives to Boost Market Growth

The rising initiatives by regulatory bodies and government towards emission control measures have accelerated the adoption of EVs that is boosting market growth.

Opportunities

Technological Innovations in Automotive Electronics Sector to offer Robust Opportunities

Technological innovations in the automotive electronics sector will offer robust opportunities for the market over the forecast period. The introduction of autonomous or driverless cars which offer a self-driven experience to users together with the…