How are Increasing Safety Concerns Driving Automotive Electronics Market?

The adoption of automobiles has been increasing at a rapid pace across the globe, which can be attributed to the improving economic condition of developing countries, increasing disposable income of people, and technological advancements that have led to reduction of prices of vehicles. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2018, approximately 95.1 million automobile were sold, and the automotive sales grew by 1.8% CAGR during 2014–2018.

Furthermore, the demand for electric vehicles and autonomous vehicles has especially been on rise, which is leading to the high requirement for automotive electronics. Electronics that are designed especially for usage in automobiles are referred to as automotive electronics. Ascribed to this, these devices can endure much more extreme temperature ranges than other normal electronics. These devices essentially enhance the driving experience for people and also make them safer. Attributed to this, the global automotive electronics market is predicted to grow at a considerable pace during the forecast period.

The focus towards making vehicles safer has increased substantially over the past few years, owing to the increasing number of road accidents. As a result, government of several countries have now implemented strict policies and regulation regarding the integration of certain safety features in vehicles. Systems such as ADAS can make vehicles far secure and safer by helping the driver and even taking over the vehicle, in a case of emergency. Integration of such features in vehicles is predicted to drive the market in the coming years.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/automotive-electronics-market/report-sample

This market research report provides a comprehensive overview of the automotive electronics market

Historical and the present size of the automotive electronics market

Future potential of the market through its forecast for the period 2020– 2030

Major factors driving the market and their impact during the short, medium, and long terms

Market restraints and their impact during the short, medium, and long terms

Recent trends and evolving opportunities for the market participants

Historical and the present size of the market segments and understand their comparative future potential

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