Skip to main content

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.

Comments

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...

Huge Growth Expected in Japan Heat Stress Monitor Market in Future

In the last 100 years, the average annual temperature of Japan has risen by a whole degree (Celsius), says the World Wildlife Fund. Moreover, the number of hot days, when the maximum temperature is more than 35 °C, is higher now than before, while the cold has become less extreme. Even the instances and duration of snowfall and the extent of ice in the southern part of the Sea of Okhotsk are reducing.  With such rampant global warming, the Japanese population is suffering more than ever because it is simply not used to such hot conditions. Moreover, by 2050, the annual mean temperature in the country is set to rise by 3 °C and, further, by 5 °C by 2080. According to P&S Intelligence, due to such climate change, the Japanese heat stress monitor market , which valued $1.98 million in 2020, is expected to reach $3.96 million by 2030, at a 7.05% CAGR between 2021 and 2030.  This is because the changing weather conditions are leading to the rising number of heat stroke cases, ...