Global Auto Electronics Market 2016-2020 is latest report added on RnRMarketResearch.com. The analysts forecast global auto electronics market to grow at a CAGR of 14.42% during the period 2016-2020.
Complete report is available at http://www.rnrmarketresearch.com/global-auto-electronics-market-2016-2020-market-report.html .
One trend which will positively impact the market is the influence exercised by the non-automotive sector. The rising electronic content dependency in the auto industry has led to the rising influence of hitherto non-automotive players in the industry. These players are the traditional consumer electronics companies, which had until recently only been in the stages of Tier 2 or Tier 3 suppliers in the automotive value chain. However, rapid electrification has resulted in many of these players acquiring critical mass in terms of revenues from the automotive components sector, leading to a change in supplier-OEM dynamics in the industry."
According to the report, a key growth driver is rising consumer demand. Consumers have driven most industries since the demise of the production economy. Consumer demand for safety, connectivity, and infotainment in the vehicle promises to drive the auto electronics industry in the coming years. There has been a major thrust in the safety and infotainment/interior electronics space, with safety being mandated by governments and ratified by a consortium of automotive OEMs in recent times. Consumer demand has also fueled developments in the lighting, emergency systems, and display space in the automotive interior and exterior electronics spaces.
Order a copy of Global Auto Electronics Market 2016-2020, report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=607519 .
The report, Global Auto Electronics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global auto electronics market for 2016-2020. To calculate the size of the market, we have considered the production data for automobiles (passenger cars ? luxury, mid-level, and entry-level segments, and light commercial vehicles [LCVs], and heavy commercial vehicles [HCVs]), annual revenue data of a select list of major OEMs, and the annual revenue data for a select list of automotive suppliers.
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Several structural changes have influenced the automotive industry over the past decade in the form of engine downsizing, electrification of automotive mechanisms, emission regulations, connectivity, and safety features. The industry is directly correlated with economic and regulatory environments, and consumer confidence levels. Considerable overlaps exist in the development of automotive electronic technologies, wherein the twin drivers of regulatory requirements and consumer demands coincide, especially when it comes to the safety aspect of automotive electronics. On the other hand, the development of interiors and infotainment systems hinges solely on consumer demand.
Key players in the global auto electronics market: Continental, Denso, Aisin Seiki, Valeo, and Delphi. Other Prominent Vendors in the market are: Bosch, Faurecia, Hyundai Mobis, Lear Corp., Magna International, TRW Automotive Holdings, and ZF Friedrichshafen.
Further, the report states that one challenge that could restrict market growth is the short lifecycle of automotive electronics.
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