2014-02-18 02:59:02 - Global Automotive Electronics Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Automotive Electronics market is to grow at a CAGR of 3.31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for entertainment devices. The market has also been witnessing a growth through integration of electronics in vehicles. However, decreased investment in automotive electronic devices due to its high cost could pose a challenge to the growth of this market.
The Global Automotive Electronics market is expected to witness the emergence of in-car 3D entertainment during the forecast period. 3D technology could add a new dimension to the world of in-car entertainment. Modern vehicles are equipped with display screens, from TV screens for passengers in the rear to infotainment displays
in the front, and some high-end luxury vehicles even feature digital instruments. This creates ample opportunities for rolling out 3D screens in vehicles. Furthermore, it is estimated that most cars will have Wi-Fi, which means that car owners will have the ability to download 3D movies and watch them on a trip. In addition, gaming can work well in 3D, so passengers could also potentially download games and compete with each other while traveling.
With the increase in the ownership level of automobiles, end-users are increasingly opting for in-dash entertainment systems and video devices for installation in vehicles, which is driving the market.
Automotive electronic devices are being developed to increase the ease and functionality of enhanced driving comfort and security. However, the costs associated with these devices are high, which has led to several automotive manufacturers targeting the Low-price segment to limit their investment in these devices.
The key vendors dominating this market space include Alpine Electronics Inc., Denso Corp., Delphi Automotive plc, JVC Kenwood Corp., Panasonic Corp., and Pioneer Corp. The other vendors mentioned in this report are Audiovox Corp., Blaupunkt GmbH, Continental AG., Denon Corp., Magellan, Niles Electronics, Onkyo Corp., and Visteon Corp.
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