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Automotive Electronics Market By Application (Advanced Driver Assistance System (ADAS), Body Electronics, Infotainment, Powertrain, Safety Systems) Is Expected To Reach $279.96 Billion By 2020: New Report By Grand View Research, Inc.

Globe Newswire

San Francisco, California, March 11, 2015 (GLOBE NEWSWIRE) -- The global automotive electronics market is expected to reachUSD 279.96 billion by 2020, according to a new study by Grand ViewResearch, Inc. Growing demand for advanced driver assistancesystems and premium audio systems are some of factors expected todrive the automotive electronics market through the forecastperiod. Continuous growth in the number of electronics componentsused by automotive manufacturers has spotlighted new opportunitiesfor suppliers. Emergency call systems, alcohol ignition interlocksand accident recorder systems are various technologies that areexpected to spur market growth through the forecast period.

Browse to see full research report on Global AutomotiveElectronics Market with detailed Figures And Charts: http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry

High level of complexity and lack of awareness about the overallunderstanding of the subsystems may curb market growth. Variouscomplexities include tolerance stackup, mechatronic interaction andharsh operating environment. In order to meet the rising complexityissues, OEMs are focusing on product innovation such as reducingweight, and decreasing number of modular platforms. Additionally,increasing trend towards in-vehicle infotainment is expected toyield opportunities for the automotive electronics market.

Further key findings from the studysuggest:

  • Increased penetration towards electric vehicles (EV) and hybridvehicles (HEV) is expected to increase automotive electronicscomponent demand. This is attributed to reduced product costassociated with emission controls and enhanced lithium-ion batterycooling capabilities.
  • Application segments include body electronics, powertrain,ADAS, safety and infotainment. ADAS is expected to exhibit highgrowth over the next six years. This growth is attributable tostringent safety regulations leading to the large-scale adoption ofactive safety systems in modern cars.
  • Proliferation of in-car infotainment systems owing toeco-efficiency, security and comfort factors is also estimated topositively impact automotive electronics market growth. Demand forin-car data storage to support sophisticated in-car features isexpected to be the key growth driver for the infotainmentsystems.
  • North America was the largest regional market in 2013. AsiaPacific is expected to witness high growth due to rising need forreduced production cost, customized vehicle features, meetstringent standards and increase product quality. Countries such asChina and India are expected to favorably impact regional marketgrowth.
  • Notable companies operating in the market include ContinentalAG, Bosch, Delphi, Denso, Autoliv, TRW Automotive and JohnsonControls. Key growth strategies employed include buildingtechnology partnerships with other participants in theecosystem.

Get more information on Global Automotive ElectronicsMarket or request for sample of this report: http://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry

For the purpose of this study, Grand View Research has segmentedthe global automotive electronics market on the basis ofapplication and region:

Automotive Electronics Application Outlook (Revenue, USDBillion, 2012 - 2020 )

  • ADAS
  • Body Electronics
  • Infotainment
  • Powertrain
  • Safety Systems

Automotive Electronics Regional Outlook (Revenue, USDBillion, 2012 - 2020 )

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • RoW
    • Brazil

Browse to see more reports of this category by GrandView Research: http://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research

Grand View Research, Inc. is a market research and consultingcompany that provides off-the-shelf, customized research reportsand consulting services. To help clients make informed businessdecisions, we offer market intelligence studies ensuring relevantand fact-based research across a range of industries, fromtechnology to chemicals, materials and energy. With a deep-seatedunderstanding of varied business environments, Grand View Researchprovides strategic objective insights.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Email: sales@grandviewresearch.com

Web: GrandView Research

Source:Grand View Research