Global automotive electronics with special focus on OEMs

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Automotive Electronics with Special Focus on OEMs Market" report to its offering.

Automotive electronics are increasingly utilized in today's automobiles. Beginning with the requirement of providing enhanced engine control, the current breed of automobiles has become more and more reliant on electronics, enabling them in going faster, even while providing highest levels of safety.

Today's contemporary cars have evolved into electronic machines, with more and more operations being controlled with electronic control units (ECUs). For instance, a premium segment car can comprise up to 150 such ECUs for controlling virtually all vehicle-related aspects.

These can include an engine control unit for managing a car's efficiency, a steering and surround view system for preventing accidents, a telematic system offering information related to local hot spots, an electronic stability/traction control for maintaining appropriate steering control, and sensors for deploying airbags in the event of a collision.

The major trends driving demand for increased penetration of electronics in automobiles include regulatory mandates for improving fuel economy and stringent emission standards as well as requirements for advanced safety systems, consumer demand for safety and security, and comfort and convenience features, and growth of hybrid and electric vehicles.

Environmental issues and highly stringent government

regulations have been forcing auto OEMs to accord greater importance to fuel efficiency.

The global market for Automotive Electronics, estimated at $191.3 billion in 2013 and forecast to be $204.6 billion in 2014, is further projected to reach $314.4 billion by 2020, thereby maintaining a CAGR of 7.3 percent between 2012 and 2020.

OEM Automotive Electronics, accounting for an estimated share of 86.3 percent in 2013 equating to $165.2 billion in the overall Automotive Electronics market, is forecast at $177.2 billion in 2014 and expected to register a 2012-2020 CAGR of 7.6 percent in reaching a projected $277.1 billion by 2020.