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Worldwide Automotive Electronics Industry to 2026 - Featuring Omron, Robert Bosch and Infineon Technologies Among Others


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The global automotive electronics market reached a value of US$ 205 Billion in 2020. Automotive electronics are employed in both on-road and off-road vehicles such as trucks, tractors, forklifts, excavators, motorcycles, and hybrid and electric cars. They are primarily used in the functioning of electronic fuel injection, driver assistance and infotainment system to improve the efficiency of the vehicle. For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes and electronic car security locks provide improved security through remote controlled locks and a central locking system. Besides this, automotive electronics also include satellite-controlled devices for traffic surveillance and diagnostic tools to ensure optimum fuel utilization and maintain engine health. Looking forward, the publisher expects the global automotive electronics market to exhibit moderate ....

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Automotive Electronics Market Size to Hit US$ 640.5 Bn by 2030


Automotive Electronics Market Size to Hit US$ 640.5 Bn by 2030
March 04, 2021 20:00 ET
| Source:
Precedence Research
Precedence Research
Pune, INDIA
The automotive electronics market size is predicted to hit around US$ 640.56 billion by 2030, with a CAGR of 7.64%, according to new study by Precedence Research.
OTTAWA, March 04, 2021 (GLOBE NEWSWIRE) The global
automotive electronics market size was accounted US$ 255.98 billion in 2020, as per research analyst. Automotive electronics are designed electronics dedicated to utilize in automobiles. Automotive electronics are systems employed in vehicles such as ignition, engine management, radio, carputers, in-car entertainment systems, and telematics among others. Engine, transmission and ignition electronics are also found in motorcycles, trucks, off-road vehicles, and other internal combustion powered machinery including tractors, excavators and fo ....

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