SOURCE: MarketResearch.com

MarketResearch.com

August 15, 2011 08:08 ET

Automotive Electronic Devices Market Expected to Grow to $17 Billion in 2015

ROCKVILLE, MD--(Marketwire - Aug 15, 2011) - MarketResearch.com has announced the addition of the new report "Automotive Electronic Devices: Technologies and Global Markets" to their collection of automotive market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6481807

Gone are the days when a car was solely a mechanical machine. The proportion of electronic components used in motor vehicles has been increasing in recent years. Automakers are relying more heavily on electronics technology, with electronic components making up as much as 30% of the production cost.

The electronic components used in cars can roughly be split into two parts: control systems (e.g., power-train components and antilock brakes) and devices (e.g., car audio systems). This report focuses on devices and is aimed at educating the reader from both market and technology perspectives.

The global market for automotive electronic devices was estimated to be worth $15 billion in 2010. At a CAGR of 2.9%, the automotive electronic devices market is expected to grow to $17.4 billion in 2015.

North America makes up the largest market for automotive devices, accounting for nearly $5.6 billion in 2010, followed by Europe at $5.1 billion. Both these markets are expected to exhibit relatively flat growth at 0.2% and 1.2% CAGRs, respectively, during the next 5 years.

Asia is the highest growth segment for automotive devices and will grow at a CAGR of 8.4% from $3.3 billion in 2010 to $4.9 billion in 2015.

The report focuses on the following devices most commonly found in cars: global positioning system (GPS) devices, car audio, satellite radio, DVD players, radar detectors, and rearview cameras. For each device, the report provides the value offered and key technical considerations from both the hardware and software point of view. Market size and forecast of the total market in each category by dollar, volume, and geographic region during the next 5 years are included.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6481807

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