The Automotive Body Electronics Market to Grow Owing to Demand for Cars with Advanced Functions

Transparency Market Research in its new report titled, “Automotive Body Electronics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive body electronics market. The TMR report anticipates that the rise in the demand for cars with advanced functions will drive the automotive body electronics market during the forecast period i.e, 2018-2026. Vehicle production is increasing owing to the rising demand for comfort, rise in penetration and demand for ADAS equipped vehicles, government norms regarding pollution & steps taken to implement electric vehicles, and increase in demand for vehicle comfort. A start-stop system in the vehicle which automatically shuts down and restarts the IC engine and reduces fuel consumption and emissions is increasing rapidly These are some factors that are driving the automotive body electronics market, says the report.


The TMR report has segregated the global automotive body electronics market based on components, application, vehicle type, vehicle class type, sales channel, and geography. Based on components, the automotive body electronics market is classified into MCU, ICs, sensors, DC-DC converters and others. Increase in application of body electronics in vehicles is fueling the demand for components. In terms of application, the automotive body electronics market is segregated into power window, vehicle security system, and others. Automation in the vehicle industry is prompting the body electronics market for the desired application. On the basis of vehicle type, the automotive body electronics market is split into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchback, sedan, and SUV/MUV. Passenger cars are motor vehicles with at least four wheels that are used for the transport of passengers, and comprises no more than eight seats in addition to the driver’s seat. The commercial vehicles segment can be further split into light commercial vehicle, heavy commercial vehicle, and buses & coaches.


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On the basis of vehicle class type, the automotive body electronics market is divided into low-end vehicle, mid-range vehicle, and luxury vehicle. Usage of body electronics in luxury vehicles is increasing rapidly, as compared to the other two types. The low-end vehicle segment held a major share of the body electronics market. According to sales channel, the automotive body electronics market is split into OEM and aftermarket. On a geographical stand, the automotive microcontroller market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global automotive body electronics market, as the countries in this region such as China and India are more populous and they have started adopting advanced technologies recently. Countries in Latin America such as Brazil are focusing on new technology vehicles. Several leading automotive manufacturers are from North America and Asia Pacific, and they contribute the economy of the countries through the electronics industry.


Some of the major players operating in the global automotive body electronics market include Robert Bosch, Continental AG, Denso Corporation, Hyundai Mobis, HELLA, NXP Semiconductors, Texas Instruments, Renesas Technology Corp, Infineon Technologies, Cypress Semiconductor, Dallas Semiconductors, Fujitsu Semiconductor, and STMicroelectronics.


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