Submitted by: Submitted by jayram
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Words: 568
Pages: 3
Category: Business and Industry
Date Submitted: 06/22/2016 06:26 AM
The analysts forecast global auto electronics market to grow at a CAGR of 14.42% during the period 2016-2020. 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.
Complete report available on http://www.rnrmarketresearch.com/global-auto-electronics-market-2016-2020-market-report.html
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.
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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The market is divided into the following segments based on geography: APAC, Europe, Latin America, MEA, North America
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.
Key vendors :Continental, Denso,...