Over the next decade, technologies such as Machine Learning (ML), Augmented Reality (AR), and Artificial Intelligence (AI) are anticipated to transform the driving experience completely. Due to the increased implementation of these systems in vehicles, the penetration of automotive electronics has also increased, further creating the demand for automotive electronics products across the globe. The change in percent of total vehicle cost going to electronics provides some perspective on this growth. Automotive electronics comprises of electrically operated systems deployed in vehicles. In the automotive electronics industry, 31% of SMT chip processing quality problems are caused by improper process control. As a global leader in adhesive solutions, we combine our long experience in the automotive business with our broad know-how in electronics applications. For this study, Grand View Research has segmented the global automotive electronics market based on component, application, sales channel, and region: Component Outlook (Revenue, USD Million, 2016 - 2027), Application Outlook (Revenue, USD Million, 2016 - 2027), Sales Channel Outlook (Revenue, USD Million, 2016 - 2027), Regional Outlook (Revenue, USD Million, 2016 - 2027). Since the electronic components offered by the OEMs are highly durable, the segment is estimated to expand at a significant CAGR over the forecast period. The implementation of automotive electronics helps to increase reliability and lower the overall vehicle weight. We are in compliance with GDPR & CCPR norms. Automotive electronics system manufacturers are emphasizing more on the recent trends in automotive industry such as autonomous driving and electric & hybrid-electric vehicles. Besides, regional governments have introduced several initiatives to improve passenger safety and simultaneously reduce the risk of accidents. Automotive electronics market growth is attributed to the auto industry's adoption of miniaturization, intelligence, and electrification. Asia pacific will dominate the industry revenue and is growing at a CAGR of around 8% up to 2030 driven by strong vehicle & component manufacturing sector in Japan, China, and South Korea. This is owing to the presence of well-established players, such as Continental AG, Denso Corporation, Aptiv PLC, Robert Bosch GmbH that hold a dominant market share. However, the sensors segment is projected to expand at the highest CAGR of 10.3% over the forecast period. Designing the latest in electrical and electronics for vehicles In today’s vehicles with internal combustion engines, electronics represent 40% of the value of the car, versus about 5% in the 1970s. The industry trends reflect that passenger car segment is dominating the market demand and is expected to reach over USD 550 billion by 2030. It is estimated that 80% of all innovations in the automotive industry today are directly or indirectly enabled by electronics. Chart. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. The market is moderately consolidated in nature, despite the availability of a large number of players manufacturing different electronic components such as wiring harness, ECUs, and sensors, among others. Restraints. The aftermarket segment is anticipated to expand at a minimal CAGR over the forecast period owing to the increasing complexity of electronic components. The new products are developed to strengthen in-vehicle connectivity, ADAS, infotainment, and smart mobility solutions provided by the company. The total subsidy funded by the government on electric vehicle purchases varies from 250 miles or more in USD 10,000. Based on application, the industry has been segmented into ADAS, body electronics, infotainment & communication, powertrain, and safety systems. Majorly fuelling the global automotive electronics market are rising safety considerations, demand for high-end electronics for navigation, information, and entertainment, and the rising popularity of electric and hybrid vehicles due to environmental considerations. b. Moreover, increasing safety & security regulations by governments across the globe are projected to drive the market size for ADAS applications. Moreover, China market insights show a significant increase in the demand for automotive electronics due to the high automotive production of passenger vehicles and adoption of electric vehicles in the region. Additionally, rising demand for luxury and hybrid vehicles is expected to significantly boost growth. What are the factors driving the automotive electronics market? The global Automotive Electronics Control Unit Management market is segmented by company, region (country), by Type, and by Application. We are a reliable partner for innovative mounting solutions in the emerging business field of automotive digitization and … Addition or alteration to country, regional & segment scope. Besides, favorable government regulations on emission standards have also triggered the demand for sensors such as IR sensor, and O2 sensor. Such initiatives are anticipated to further fuel the growth of the segment in the forthcoming years. Assembly processes, leveraging over 90 design and manufacturing sites in 23 countries provide better consumption! 31 % of all innovations in the semiconductor content per car, rising demand for advanced safety systems, electrification. Products to the increasing complexity of electronic components diesel cars registered after 2018 vehicles, fueling the segment.... 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