News Market Insights

The growing deployment of electric and autonomous vehicles is also driving the demand for automotive electronics across the world. As per the International Energy Agency (IEA), 3 million new electric cars were registered around the world in 2020, recording a 41% growth from 2019. The organization also reported that the sales of electric cars reached 2.1 million in 2019, which boosted the global electric car stock to 7.2 million units. Apart from the aforementioned factors, the soaring incorporation of advanced driver assistance systems (ADAS) in automobiles, on account of the increasing prevalence of road accidents, is also creating growth opportunities for automotive electronic manufacturers across the world. The World Health Organization (WHO) reports that around 1.3 million deaths are caused every year because of road crashes.  As these systems massively mitigate the chances of human errors and driver negligence, they are being increasingly integrated in automobiles by automake...

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