Automotive & Transportation Industry Automotive Electronics Market Outlook | Page 2

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The ADAS application sector is projected to witness high growth during the forecast period (from 2016 to 2024).
This is due to various strict safety regulations resulting in the major adoption of in -car active safety systems.
Demands for in-vehicle data storage, to support sophisticated in-car features, are estimated to be the major
growth driving factors for infotainment systems.
Geographically, North America dominated the global automotive electronics market in 2015. However, Asia -
Pacific is anticipated to experience high growth on account of the rising needs to meet strict standards, to
increase product quality, for reduced production costs, and for customized vehicle features. Developing
economies including India and China are likely to positively impact the growth of the re gion.
The major companies operating in the global automotive electronics market include Robert Bosch GmbH;
Continental AG; Denso Corp.; Delphi Automotive PLC.; TRW Automotive; Johnson Controls Inc.; and Autoliv AB.
The major sustainability and growth strategies used by all such companies include creating technology
partnerships with other companies in the ecosystem. Plus, automakers are anticipated to increase the
intelligent electronics adoption that makes their products safe to drive and environment -friendly.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-
category/automotive-and-transportation-industry
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