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Global $23.7 Bn Automotive Embedded System Market Outlook 2017-2023 - Research and MarketsThe "Automotive Embedded System - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering. The Global Automotive Embedded System market is expected to grow from $23.71 billion in 2016 to reach $40.43 billion by 2023 with a CAGR of 7.9% Some of the factors driving the growth of the automotive embedded systems are consumers increasing demand towards electric vehicles, growing need for advanced safety, luxuries and comfortable systems. However, limited lifespan of these electronics systems and huge power required for the utilization of these vehicles are hindering the market. Sensors have acquired the largest market share due to the increasing adoption of these sensors in the electric vehicles and thus the demand is growing for sensors in automotive embedded systems. Based on the application, safety and security segment is leading the market with the highest CAGR and the growth is attributed towards the growing number of safety measures which include anti-lock brake systems (ABS (News - Alert)) and airbags in the vehicles. Asia Pacific is dominating the global automotive embdded system and the factors favouring the growth of this region are growing vehicle production in developing countries such as China and Japan. Continental AG is one of the top most countries which manufacture automotive parts, tires. Scope of the Report Vehicle Types Covered:
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For more information about this report visit https://www.researchandmarkets.com/research/xjmfrl/automotive View source version on businesswire.com: http://www.businesswire.com/news/home/20171128006263/en/ |
