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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 region.
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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