Automotive Electronics - Digitalizing the 21st Century

With the rapid growth of technology, this line of the Automotive sphere is creating a major impact by producing components which would make us feel a lot more safer when we take our vehicles on the road.

Gifts given to mankind by this industry -
 

There are various examples such as Anti-lock brakes, electronic stability control and other essential features which are quite smart and safe auto electronics. Moreover, this modern and advanced automobile is viewing rapid growth in sensor systems that are uplifted by the increasing needs for higher relevance and reduced emissions

At present, the demand for automatic sensors is going over the roof. An automatic sensor is is an input device which is connected to our vehicles computer systems. This would send information to the system about speed, time, temperature, and the condition of your engine under various speeds.

The Future of the Automotive Electronics Market

The global Automotive Electronics Market is expected to reach USD 279.96 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for advanced driver assistance systems and premium audio systems are some of factors expected to drive the automotive electronics market through the forecast period. Continuous growth in the number of electronics components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergency call systems, alcohol ignition interlocks and accident recorder systems are various technologies that are expected to spur market growth through the forecast period.

Further Research -

Increased penetration towards electric vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive electronics component demand. This is attributed to reduced product cost associated with emission controls and enhanced lithium-ion battery cooling capabilities. 

•  Application segments include body electronics, power train, ADAS, safety and infotainment. ADAS is expected to exhibit high growth over the next six years.o. Proliferation of in-car infotainment systems owing to Eco-efficiency, security and comfort factors is also estimated to positively impact automotive electronics market growth.

• North America was the largest regional market in 2013. Asia Pacific is expected to witness high growth due to rising need for reduced production cost, customized vehicle features, meet stringent standards and increase product quality. Countries such as China and India are expected to favorably impact regional market growth.

• Key growth strategies employed by various new companies include building technology partnerships with other participants in the ecosystem.

In brief one would want to have a smarter car. As smart, as the human brain. The cutting edge technology of today is forcing the traditional engines to go out of business. And the people would want a feature packed car. But there is no stopping to new features, is there?