Automotive & Transportation Industry Automotive Electronics Market Outlook

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Automotive Electronics Market Share, Size, Analysis, Growth,
Trends and Forecasts to 2024 | Hexa Research
" The automotive industry is changing rapidly with
increasing demand for safety and features from
consumers are expected to drive the automotive
electronics market in future."
The global Automotive Electronics Market is estimated to be valued more than USD 290 billion by 2024. Rising
premium audio system and advanced driver assistance system demands are the key factors anticipated to
augment the market growth. Accident recorder systems, emergency call systems, and alcohol ignition interlocks
are the technologies that are said to boost the growth in the near future. In addition, rising trend of in-vehicle
infotainment is also likely to help boost the market. High complexity levels and lacking awareness about the
overall subsystems’ understanding may hinder the growth. The global automotive elec tronics market is divided
into applications and regions.
The application sector comprises body electronics, Advanced Driver Assistance System (ADAS), infotainment,
safety systems, and powertrain. The regulatory boards of various economies have taken steps for integrating
safety gadgets in cars and other vehicles so as to restrain the occurrence of fatalities caused by road accidents.
Some of the necessary devices utilized to ensure passenger safety are backup sensing system, airbags, on and
off switches for air bags, auto dimming mirrors or electrochromatic mirror, head restraints, energy-absorbing
steering system, heads-up display, passenger sensing system, and padded knee bolster.
Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-electronics-
industry/
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