The global automotive electronics market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing awareness regarding passenger safety and rapid growth of the automotive industry across the globe is expected to drive revenue growth of the global automotive electronics market. The global automotive electronics market report has been segmented on the basis of component, application, vehicle type, and region.

On the basis of component, the global target market has been segmented into electronics control unit, sensors, current carrying devices, and others. The current carrying devices segment is expected account major share in terms of revenue in the global automotive electronics market. Rising production of passenger cars in developing countries is expected to support revenue growth of this segment.

On the basis of application, the global market has been segmented into advanced driver assistance, body electronics, infotainment, safety systems, and powertrain electronics. The infotainment segment is projected to grow at a higher rate in the global automotive electronics market over the forecast period.

On the basis of vehicle type industries, the global automotive electronics market has been segmented into passenger cars and commercial vehicles. The commercial vehicles segment is expected to grow at a steady rate over the forecast period. Growing transportation industry in developing countries of Asia Pacific is expected to support revenue growth of this segment over the forecast period.

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On the basis of region, the global automotive electronics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America automotive electronics market is expected to grow at a steady rate over the forecast period. Growing demand for commercial vehicles in the region are expected to support revenue growth of the target market in North America.

Key players operating in the global automotive electronics market include Yamaha Corporation, Broadcom Ltd., Delphi Technologies PLC, Continental AG, Bosch Limited, Infineon Technologies AG, Panasonic Corporation, DENSO Corporation, Microchip Technology, Inc., and Texas Instruments Incorporated.

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