Automotive Technologies Market Size to grow by USD 134.06 bn | Rising Adoption of ADAS Features in Vehicles to Boost Growth

NEW YORK, Nov. 26, 2021 /PRNewswire/ — The automotive technologies market will be driven by the rising adoption of ADAS features in vehicles. The market is expected to grow by USD 134.06 bn from 2020 to 2025. According to Technavio, the growth momentum of the market will decelerate at a CAGR of 11.04%. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.

Attractive Opportunities in Automotive Technologies Market by Component and Geography – Forecast and Analysis 2021-2025

Request a Free Sample Report to explore growth opportunities in the automotive technologies market

The automotive technologies market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The automotive technologies market report covers the following areas:

Automotive Technologies Market 2021-2025: Segmentation

Download a Free Sample to learn about the contribution of each segment of the market

Automotive Technologies Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising adoption of ADAS features in vehicles, the increasing adoption of electronics-based driving comfort and safety systems, and intervention of innovative technologies for advanced UI will offer immense growth opportunities. However, lack of standard protocols, lack of connected infrastructure, and delay in luxury of ongoing updates and amendments will challenge the growth of the market participants.

Automotive Technologies Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive technologies market, including Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Intel Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Xilinx Inc., and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research report on the automotive technologies market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Automotive Technologies Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period. The region will account for 53% of the market’s growth. China, Japan, and South Korea (Republic of Korea) are the key countries for the automotive technologies market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of electronics-based driving comfort and safety systems will drive the automotive technologies market growth in APAC.

Automotive Technologies Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive

Read More... Read More

Three small business positive aspects of heading electronic in automotive sector

Krzysztof Szabelski explores the a lot of and various added benefits of leveraging digitalisation in the automotive sector

The automotive sector has been swiftly transforming more than the past two a long time. The industry has observed steady enhancements throughout manufacturing, effectiveness and style and design, but digitalisation represents a action transform.  Modern advances have presented birth to speedy and disruptive innovations which have not only accelerated efficiency, but also enhanced the consumer experience—key parts in escalating ROI.

The automotive sector can make a important contribution to trade in the United kingdom, for example, it is worthy of extra than £100bn. Nevertheless, shopper preferences are altering promptly. In accordance to a 2021 report,  59% of youthful people are thinking about purchasing a car or truck, up from 35% in 2020. There is also a change in desire from offline to on the net. With the put up-pandemic landscape fuelling a increase to electronic, automotive companies are scrambling to transform their functions.

The added benefits of leveraging digitalisation are quite a few and diversified. For illustration, restore and servicing can raise estimation accuracy, while automotive production can leverage far better efficiency. The British isles is now experiencing a gas crisis in portion thanks to Brexit and resulting scarcity of HGV motorists. This labour lack has manufactured it distinct that automotive leaders need to take into account going toward digital to steer clear of any even more challenges like these. Digitalisation might not automatically reduce the want for a big workforce but it can decrease the need for labour.

Synthetic intelligence in automotive fix and maintenance

The position of artificial intelligence (AI) in the automotive marketplace is not restricted to self-driving and tracking it has perhaps increased scope in other spots these types of as motor vehicle repair and upkeep.

Restore work is evolving promptly with digital technologies

In preceding yrs, persons have only relied on guide guides which condition the identical tips and guidance for anyone. On the other hand, it would be unrealistic to say that guide guides of motor vehicles can be proper for every single car or truck. This is for the reason that different vehicles’ ailments can range based on how they are pushed. The ongoing trend of sensors in motor vehicles is gaining popularity with the aid of AI, as sensors push the owner’s consideration in the direction of the program pieces that want provider.

In predictive routine maintenance the driver is informed about any achievable fault in the automobile prior to it happens. This prediction is functioned by using AI-enabled sensors which make an clever selection on the foundation of the gained information. This can be vastly beneficial for commercial autos in transportation which can keep away from the threat of breakdown in the center of the motorway leading to delay to other motorists.

In automobile mend, mechanics are leveraging AI-enabled applications to produce motor vehicle prognosis experiences at the time of motor vehicle assistance. With the exact information acquired from the details

Read More... Read More