Automotive electrical and electronic equipment market trends, strategies and opportunities in the market 2021-2030

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Global Automotive Electrical and Electronic Equipment Market Report 2021: Impact and Recovery of COVID-19

The Business Research Company Global Automotive Electrical and Electronic Equipment Market Report 2021: Impact and Recovery of COVID-19

LONDON, GREATER LONDON, United Kingdom, September 10, 2021 /EINPresswire.com/ – According to the new market research report ‘Global Automotive Electrical and Electronic Equipment Market Report 2021: COVID-19 Impact And Recovery ”published by The Business Research Company, the automotive electrical and electronic equipment market is expected to grow from $ 45.6 billion in 2020 to $ 47.88 billion in 2021 at a growth rate annual compound (CAGR) of 5%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 69.07 billion in 2025 at a CAGR of 10%. The automotive electrical and electronic equipment market is driven by the increasing demand for safer vehicles fitted with electrical and electronic safety equipment to minimize the risk of road accidents.

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Automotive electrical and electronic equipment market includes sales of automotive electrical and electronic equipment and related services used for automotive vehicles including cars, buses, motorcycles, all-terrain vehicles, trucks light and regular trucks. Automotive electrical and electronic components include the battery, starter and alternator, fans, electric cooling, windshield washer pump, and wiper systems. It also includes equipment that are electrically controlled systems integrated into vehicles, such as fuel injection systems, airbags and advanced driver assistance systems.

Global Automotive Electrical and Electronic Equipment Market Trends
Manufacturers of automotive electrical and electronic equipment are investing in improving electronic sensors used in automotive vehicles such as cars, trucks to increase visibility and awareness. Some vehicle sensors include ambient light, battery current, differential oil temperature, door open warning, anti-lock braking system (ABS), automatic door lock position, door temperature the battery, the brake power amplifier. Companies involved in the market are now developing sensors coupled with artificial intelligence and mobile connectivity. For example, BMW launched in 2019 its BMW Natural Interaction System which uses voice commands, gesture control and facial recognition to set temperatures based on driver preferences, to open windows through a driver combination pointing and giving verbal instructions. The new sensory technology would be used in the iNext vehicle to be launched in 2021. Improved sensor technology marks the latest trend among companies involved in the automotive electrical and equipment market.

Global Automotive Electrical and Electronic Equipment Market Segments:
The global automotive electrical and electronic equipment market is further segmented on the basis of product type and geography.
By product type: lighting equipment, automatic voltage and current regulators, sets of insulated ignition cables, generators for internal combustion engines, spark plugs for internal combustion, others
By Geography: The global automotive electrical and electronic equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and in Africa.

Learn more about the Global Automotive Electrical and Electronic Equipment Market report at:
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The Global Automotive Electrical and Electronic Equipment Market report 2021 is part of a series of new reports by The Business Research Company that provides Automotive Electrical and Electronic Equipment market overviews, analysis and forecast on the size and growth of the automotive electrical and electronic equipment market globally. Automotive electrical and electronic equipment market, Automotive electrical and electronic equipment market share, Automotive electrical and electronic equipment market players, Automotive electrical and electronic equipment market segments and geographies, revenue, profiles and market shares of the main competitors in the automotive electrical and electronic equipment market. The Automotive Electrical and Electronic Equipment market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.

Read the 2021 Global Automotive Electrical and Electronic Equipment Market Report from The Business Research Company for insight into the following:

Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries

Automotive Electrical and Electronic Equipment Market Organizations Covered: Bosch, General Motors Corp., Tennaco, DENSO Manufacturing Tennessee, Delphi Corp, Hyundai, Hella, Technitrol Delaware Inc, Ford Motor Co., Technitrol Delaware Inc, Honeywell International Inc. , Delphi Corp, Mars Inc., Raytheon Co., ZF TRW, ITT Federal Services Corp, Textron Inc., Cummins Inc., Infineon Technologies AG, Hitachi Ltd, HGM Automotive, Delta Electronics, Atotech Deutschland.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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