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Booming Automobile Sales Fueling Automotive Electronic Component Demand

In recent years, chassis electronics have been the most commonly used component by the automobile industry, because they are the most basic electronics for every vehicle. The increasing safety concerns being raised over vehicle safety have led to the implementation of several government regulations mandating the integration of chassis electronics for brake assist systems. 

In addition, automakers are also focusing on the installation of passive safety systems, passenger comfort systems, entertainment systems, transmission electronics, and engine electronics in their models. These electronic systems are offered by Faurecia, Delphi Technologies PLC, NXP Semiconductors N.V., Xilinx Inc., Yazaki Corp., Robert Bosch GmbH, Hella Gmbh & Co. KGaA, Hyundai Mobis Co. Ltd., Continental AG, Texas Instruments Incorporated, ZF Friedrichshafen AG, Panasonic Corporation, Lear Corp., Valeo SA, Magna International Inc., Infineon Technologies AG, Aisin Seiki Co., DENSO CORP., and Visteon Corporation. 



Currently, these companies are involved in the production of advanced products for EVs to increase the safety quotient of such vehicles. According to P&S Intelligence, Asia-Pacific (APAC) emerged as the largest producer of automotive electronic components in the recent past, due to the high-volume manufacturing of automobiles in India, South Korea, Japan, and China, primarily on account of the abundant availability of cheap raw materials and labor in the region. 

Additionally, the APAC automotive electronics market is also expected to exhibit the fastest growth in the foreseeable future. This can be mainly attributed to the increasing popularity of EVs, owing to the surging pollution levels and enactment of favorable government policies, in the region. Thus, the burgeoning need for integrated cockpits and ADAS features will augment the need for automotive electronic components in the foreseeable future.

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