Global Motor Vehicle Electrical and Electronic Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Motor Vehicle Electrical and Electronic Equipment Market Report by The Business Research Company covers motor vehicle electrical and electronic equipment market drivers and restraints, motor vehicle electrical and electronic equipment market size, major players, and the impact of COVID-19 on the motor vehicle electrical and electronic equipment market.
The motor vehicle electrical and electronic equipment market consists of sales of motor vehicle electrical and electronic equipment and related services used for motor vehicles including cars, buses, motorcycles, off-road vehicles, light trucks, and regular trucks. The electrical and electronic components of motor vehicles include battery, starter and alternator, fans, electric cooling, windshield washer pump, and windshield wiper systems. It also includes equipment that are electrically operated systems built into vehicles such as fuel injection systems, airbags, and advanced driver assistance systems.
The motor vehicle electrical and electronic equipment market is driven by the increase in the demand for safer vehicles installed with electrical and electronic safety equipment to minimize the risk of road accidents.
The global motor vehicle electrical and electronic equipment market is expected to grow from $45.6 billion in 2020 to $47.88 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $69.07 billion in 2025 at a CAGR of 10%.
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Some motor vehicle electrical and electronic equipment market trends include manufacturers investing in improving the electronic sensors used in motor 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), auto door lock position, battery temperature, brake power booster. Companies involved in the market are now developing sensors coupled with artificial intelligence and mobile connectivity.
Global motor vehicle electrical and electronic equipment market segments include:
1) By Product Type: Lighting Equipment, Automatic Voltage And Voltage-Current Regulators, Insulated Ignition Wiring Sets, Generators For Internal Combustion Engines, Spark Plugs For Internal Combustion , Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Motor Vehicle Electrical and Electronic Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides motor vehicle electrical and electronic equipment market overviews, analyzes and forecasts market size, share, motor vehicle electrical and electronic equipment market players, motor vehicle electrical and electronic equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The motor vehicle electrical and electronic equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Motor Vehicle Electrical and Electronic Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players 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, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Motor Vehicle Electrical And Electronic Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Motor Vehicle Electrical And Electronic Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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