Automotive Electronics Market to Reach US$5.04 bn by 2022; Increasing Technological Advancements to Flourish Demand - TMR - Seite 2

Adding it further, technological advancements such as electrical active suspensions for electric vehicles is also expected to push the applications of power electronics in the automotive industry. Rising popularity of hybrid and electric vehicles, automotive electronics are expected to draw the attention of automotive electronics manufacturers that will benefit the market's growth.

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Loss of Critical Vehicular Information may Deter Market Growth  

Even though the demand for automotive electronics is bourgeoning across the globe due to increasing preference for these vehicles, but these are several restraining factors that could hinder the growth of this market. One of the major factor is loss of critical vehicular information gathered through automotive electronics due to increasing vehicular connectivity and system complexity. However, efforts are being made to find solutions against information hacking and cybercrime that might help in mitigating the risk attached with data loss. For instance, Automotive Electronic Systems Innovation Network (AESIN) has made efforts to resolve this issue, which not only secure important information but also it, will also benefit market's growth.

The information presented in this review is based on a TMR report, titled "Automotive Electronics Market (Vehicle Type - Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles; Sales Channel - OEM and Aftermarket; Application - Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, and Safety Systems ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

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Global Automotive Electronics Market has been segmented as presented below: 

Global Automotive Electronics Market, by Vehicle type 

• Compact Passenger cars
• Luxury Passenger cars
• Mid0sized Passenger cars
• Premium Passenger cars
• Light Commercial vehicles
• Heavy Commercial vehicles

Global Automotive Electronics Market, by Application 

• Advanced Driver Assistance
• Body Electronics
• Entertainment
• Powertrain
• Safety Systems

Global Automotive Electronics Market, by Sales Channel