Global Automotive Body Electronics Market: New Business Opportunities & Investment Research Report 2018-2024
Automotive Body Electronics Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of automotive body electronics market by solutions (central body control, instrument cluster, LIDAR systems, and RKE RF module), body features (windows and door, seating, roof control, wiper and mirror module, auto HVAC, and remote keyless entry), applications (passive safety, driver assistance, passenger comfort, infotainment systems, and security) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the automotive body electronics market it includes the five years Industry analysis and the 6 years annual forecast from to 2024. Some of the prominent participants in the global automotive body electronics market are Robert Bosch GmbH, Infineon Technologies AG, OMRON Corporation, HGM Automotive Electronics, Delta Electronics, Inc., Hitachi, Ltd., Continental AG, ZF TRW, and Atotech Deutschland GmbH.
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Automotive body electronics contains a wide range of system that provides control functions to implement diagnostics and safety features, and manage power. They offer a wide array of power switching & monitoring circuits, sensors, and sensor interface and communication ICs for automobile body electronics. Drivers today are looking for new levels of comfort, safety, efficiency and consumer features in their vehicles.
Central body control systems manage all of the safety, power management, and diagnostic systems on the vehicle. Body electronics systems hold a wide variety of applications, addressing everything from driver and passenger comfort and security to high-performance computing and in-vehicle networking.
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Increase in demand for vehicle comfort and increasing production drives the growth of the automotive body electronics market. In addition, government laws regarding pollution and demand for ADAS equipped vehicles are fuelling the growth of the automotive body electronics market. Now a day’s functional safety design support increasingly expected as the OEM’s are looking to optimize seat position, close windows and roof systems based upon input from vehicle sensors. Furthermore, the reduction in fuel consumption and emissions is increasing rapidly with the introduction of the start-stop system in the vehicle that automatically shuts down and restarts the IC engine reduces fuel consumption.
However, malfunctioning of the system and the high cost of the components of body electronics are likely to hamper the growth of the automotive body market. Furthermore, the introduction of the new inbuilt technologies in the car features are anticipated to create several growth opportunities for the key players in the automotive body electronics market.
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Asia Pacific Dominated the Global Automotive Body Electronics Market
On the other hand, leveraging their technological advantages, many information technology companies have crossed over into the auto industry to promote the informatization and intelligent development of vehicles.
Among the geographies, Asia Pacific dominated the global automotive body electronics market. The growth in the Asia Pacific region is due to the adoption of advanced technologies in countries such as India and China. Moreover, several automotive manufacturers from North America contribute to the economy of the countries through the electronics industry. On the other hand, Countries in Latin America such as Brazil are focusing on new technology vehicles.
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