The automotive electronic devices market will grow by 5.5%.

Dataintelo’s latest report shows that the automotive electronics industry will see a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The report identifies an increase in demand for comfort and luxury features in both passenger cars and commercial vehicles as one of the key factors driving the growth of this market. Moreover, the increasing use of advanced technologies such as GPS systems, video devices and control devices is further fueling the expansion of this market.

The solid growth rate of the automotive electronics market serves as an indicator of consumer preferences for comfort and luxury in vehicles. Similarly, the automotive electronics business landscape is also evolving with advances such as GPS, instruments and video controls improving vehicle performance, safety and passenger comfort. These important factors contribute to the acceptance of these systems in both passenger and commercial vehicles, thereby stimulating market growth.

The Dataintelo report provides a comprehensive view of the global automotive electronics market by highlighting key trend drivers and growth strategies. The study provides insightful information on the competitive landscape, key market players and upcoming trends. These key data will help stakeholders make informed decisions and effectively strategize on future opportunities and challenges in the global automotive electronics market.

Additionally, the study provides forward-looking analysis of the automotive electronic devices market, highlighting areas with high growth potential and diversified opportunities available. The analysis also highlights the importance of innovative technologies as they significantly contribute to the sector’s resilience and development.

The gradual but noticeable shift towards electric and autonomous vehicles is also opening up new opportunities for electronic devices in the automotive sector. As the industry continues on its digital transformation path, stakeholders can expect the automotive electronics market to maintain its growth trend well beyond the forecast period of 2021-2028.

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𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The automotive electronic devices sales market has been segmented based on𝐓𝐲𝐩𝐞
● Control devices
● Entertainment systems
● GPS systems
● Video devices
● Other

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Passenger cars
● Commercial vehicles

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
● Sensors
● Microcontrollers
● Resistors
● Capacitors

𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● OEM
● Secondary market

𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
● Vehicles with an internal combustion engine
● Electric vehicles
● Hybrid vehicles

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East and Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Anteks
● Philips
● Sanya
● Delphi
● Yamaha
● Denon
● Sony

Segment analysis

The automotive electronics sales market has been categorized based on type, application, components, sales channel, vehicle type, and key players. Device types include control, entertainment and GPS systems, video devices, and more. This diversified offering has been tailored to various applications such as passenger cars and commercial vehicles, creating enormous growth opportunities in the market. The components also consist of sensors, microcontrollers, resistors and capacitors, implementing advanced technology in the automotive sector. Sales channel is also an important factor, with options in OEM and aftermarket categories. Different vehicle types, including internal combustion engine vehicles, electric vehicles and hybrid vehicles, also have different electronic device requirements that operators in this market cater to. The key players in the market are companies such as Antex, Philips, Sanyo, Delphi, Yamaha, Denon and Sony, which play a significant role in shaping the trajectory of the automotive electronics sales market.

Regional analysis

Regionally, the automotive electronics sales market has been segmented into Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Each of these regions presents its own trends, opportunities and challenges in the market. The Asia-Pacific region, with its growing automotive industry, is characterized by significant demand for automotive electronic devices. North America and Europe are characterized by advanced automotive markets and a high demand for technologically advanced devices, especially in the areas of safety, control and entertainment. Latin America, with its emerging automotive market, also has growth potential. The Middle East and Africa, although currently a smaller market, is poised for growth thanks to rising car sales and growing interest in electric and hybrid vehicles. Therefore, these regions have a global reach in the automotive electronics sales market

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Market factors for the sale of automotive electronic devices:

1. Technological advancement: With the rapid advancement of technology, vehicles are becoming smarter and more autonomous. Devices such as GPS navigation systems, anti-lock braking systems, keyless entry systems, airbags, vehicle security systems, music systems, etc. are increasingly being installed in vehicles, which is driving the growth of this market.

2. Government Regulations: Governments around the world implement stringent regulations regarding vehicle emissions, safety and fuel efficiency. This is prompting vehicle manufacturers to integrate advanced electronic devices that can help them comply with these regulations.

3. Increased disposable income: As disposable income increases, consumers are willing to spend more on luxury and convenience. This leads to a greater demand for advanced electronic devices in vehicles.

4. Increasing demand for electric vehicles (EVs): The shift to electric vehicles is also increasing the demand for automotive electronic devices as these vehicles rely heavily on electronic systems to operate.

Sales opportunities for automotive electronic devices:

1. Autonomous Vehicles: Autonomous or self-driving vehicles are equipped with a range of electronic devices and systems such as Lidar, radar, cameras, artificial intelligence (AI) systems, etc. As the demand for these vehicles increases, so do opportunities for automotive electronics manufacturers.

2. Emerging markets: Developing countries offer significant growth opportunities due to rising vehicle sales coupled with rising income levels.

3. Connected Vehicles: With the advent of IoT technology, connected vehicles are becoming more and more common. This offers great development opportunities for companies producing automotive electronic devices.

4. Advanced Driver Assistance Systems (ADAS): ADAS is a rapidly growing sector in the automotive industry. These systems use a variety of electronic devices and sensors to enhance vehicle safety, providing significant opportunities for the automotive electronics market

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