Stratview Research delivers key insights into the global Automotive Electronics Market. According to Stratview Research, the market is segmented By Product (Near to Eye (NTE) Display Devices, Projection Devices, Others), Technology (LCD, LCoS, DLP, OLED, Other), Application (Military Defense, Automotive, Healthcare, Consumer Electronics, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.

According to the report, Automotive Electronics Market is likely to witness an impressive CAGR of 8.0% during the forecast period

Segment Analysis

Application Type

Based on the application type, the market is segmented as ADAS, body electronics, infotainment communication, powertrain, and safety systems. ADAS is expected to be the fastest-growing segment of the market owing to the advantageous features regarding safety and driving during the forecast period. ADAS includes various systems such as adaptive cruise control, blind spot detection, night vision, and automated braking systems which provide driving assistance in driving at night and inclement weather conditions, fueling the segment’s growth during the forecast period.

Vehicle Type

Based on the vehicle type, the market is segmented as passenger cars and commercial vehicles. The passenger car is estimated to be the dominant segment of the market on account of increasing consumption and production of passenger car vehicles and growing integration of electronic systems during the forecast period. Rapidly changing consumer demands resulting in an increase in development of high-end passenger cars is further expected to have a positive impact on the market during the forecast period.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the flourishing automotive sector and China, Japan and South Korea being the major countries providing lucrative growth opportunities in the vehicle component manufacturing sector in the region during the forecast period. Presence of various suppliers and China being the growth engine of the region are further expected to fuel the regional market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing procurement, target screening, and others, please send your inquiry to [email protected]

What we do-

Stratview Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients existing globally. We at Stratview Research are obliged to serve our diverse customer base present across the industries of Aerospace, Oil and Gas, Automotive, and Chemicals, etc. among various other industries present around the world. We strive to provide our customers with updated information on ground-breaking technologies, high growing markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.