mrllifty

Automotive Electronics industry deals in Custom Panoramic Elevators equipping vehicles with digital and automatic controls. Factors such as adoption of IoT and AI in the automobiles, vehicles equipped with automated driving, the demand of in-vehicle safety features, increase in demand of infotainment features drive the market of automotive electronics.

Over the period automobile industry has witnessed automation in multiple functionalities such as power windows, camera parking assistance, integrated digital cockpit and such other features. The penetration of ADAS in economical range of cars drives the market.

The passenger car segment was the highest contributor to the automotive electronics market growth in 2019, whereas, HCV experienced fastest growth with a CAGR of 9.0% during the forecast period. The innovation and standardization in the aftermarket products are the factors for its fast growth in future.

As per automotive electronics market trends, Asia-Pacific was the major revenue generator in 2019 and is expected to maintain its dominance in the future. This is attributed to the rise in industrial sector and its automation which is expected to drive the automotive electronics market growth globally.

The automotive electronics market size is segmented on the basis of vehicle type, component, application, distribution channel, and region.

By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system and power train and such other applications. Distribution channel in the automotive electronics market is segmented as OEM and aftermarket.

Key Findings of the Study:

By vehicle type, the passenger car segment accounted for the highest share of the automotive electronics market forecast in 2019 with $87.39 billion, growing at a CAGR of 5.6% from 2019 to 2026.

On the basis of component, the microcontrollers segment generated the highest revenue, accounting for $63.44 billion in 2019.

By region, Asia-Pacific is expected to dominate the market, garnering 8.2% share during the forecast period.

Heathrow Taxi London is well known for its cheapest taxi services Heathrow airport. We are the one who are providing most competitive or you can say cheapest fare at Heathrow airport. There are so many taxi service provider at Heathrow airport but their fares are so much higher that it became quite difficult to passengers to hire taxi but if it comes to us, passenger hire our taxi without any hesitation or fear