Exploring new Opportunities Within Automotive Electronics Market Research Industry in 2020
Automotive electronics can be defined as the use of electronics in the automobiles Electronics Market to perform various functions. Recently this industry has invented the most high tech and innovative technology of “Advance Driver Assistance System” which is an autonomous driving system that works on the guidelines given verbally by the driver. All the electric cars and Carputers, which is a word derived from car and computer, are the latest trends in this industry. And recently all these vehicles are transforming into high tech electronic devices. 30 percent cost of the entire car is spent to prepare this ultimate electronic system, and this cost was only 1 percent in the beginning.
Installation of electronics in the vehicles has certain to objectives, first is improving the efficiency of vehicle’s functioning and second is providing additional captivating features to the drivers and riders to make the best of their journey. In the last three decades a remarkable increase has been noted in the electronic components used in the vehicles.
Classification of automotive electronics:
The electronics used in the automobiles are comparatively different from ordinary electronics of domestic use. For better understanding, these are classified in various categories:
Engine Electronics
Engine is the power station of every vehicle that generates power from fuel to run the machine. In 1960s, for the first time electronics were installed in the engine only for the fuel control, ignition and improved exhaust system in order to meet the government regulation and betterment of fuel economy. As the electronic Automotive Electronics Market Research technology evolved, more complex engines were produced that were integrated with innovative technology. Generally the system consists of a 32-bit micro controller that handles the fuel injection, turbo control and AC system of the vehicle, and relevant parts of engine are also regulated through this controller.
Transmission Electronics
Such electronics are used for controlling the transmission in the vehicles specially for enhancing the shift of gears and the clutch. The transmission devices exchange information with engine controller after communication for their processing. These semi-auto clutch devices perform tasks using human-type reasoning like shift of gears while moving downward or braking on slippery surface.
Chassis Electronics
These are the sub electronic systems of a car, the devices of these system monitor anti-lock braking system, electronic brakes and autonomous control over steering etc. The cameras that assist while parking are also controlled by this system and fall in these electronic devices. Every modern car consists of these electronics readily installed during manufacturing. The designs of cars are affected today in consideration of installment of these electronic devices.
Infotainment Electronic
The infotainment is the combination of information and entertainment. And such electronics include GPS system or Navigation system, customized compact size PC for playing audio and video, wifi enabled devices for gathering information and different tools are used for both hardware and software development.
The current market valuation of automotive electronics market according to Global Insight reports is almost 285 US billion dollars and the predicted growth of this sector is 7 percent at CAGR by the year 2030. This sector is showing a consistent positive growth in the global market due increased installation of these automotive electronic systems in vehicles. The digitization of automotive systems and the continuous adoption of these devices is one of the major reasons of the growth of this industry. These devices are adopted to deliver an enhanced safety system and maximum comfort to the riders and have successfully decreased the number of road accidents worldwide. The people in countries like China, India, U.S, and France which hold the major market are preferring the adoption of automobiles with automotive electronics that will cause an uphold of market share over the forecast period.
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