Global Market For Automotive Electronic Devices to Reach $17.4 Billion in 2015
Oct 26, 2011 1:23 PM
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In a recent release, Automotive Electronic Devices: Technologies and Global Markets (IAS003C) from BCC Research, the global market for automotive electronic devices was valued at $15.1 billion in 2010. That value is projected to reach $17.4 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 2.9%.
The global automotive electronic devices market can be broken down by region into four segments - North America, Europe, Asia, and the rest of the world. The North American region, valued at nearly $5.57 billion in 2010, is projected to reach nearly $5.63 billion in 2015, yielding a CAGR of 0.2%. The European region was worth $5.1 billion in 2010, and in 2015 that value should reach $5.4 billion, a CAGR of 1.2%. The Asian region was worth $3.3 billion in 2010 and in 2015 should be worth $4.9 billion, a CAGR of 8.4%. The rest of the world, worth $1.1 billion in 2010, should be worth $1.4 billion in 2015, yielding a CAGR of 5.3%.
The automotive electronic devices market is comprised of five categories - global positioning systems (GPS), automotive video devices, in-dash players, satellite radio, and radar detectors. Strong growth is expected within the automotive video device category, while the satellite radio and radar detection segments are expected to be stagnant or to shrink.
Overall growth of the automotive electronic device market can be attributed to several factors, including new emerging display technologies, increasing consumer desire for real-time data, shrinking semiconductor technology, and the rise of the Asian consumer base.
The report is useful to a broad reader base, and specifically benefits consumer electronics industry insiders, automotive product marketing and management, business and venture executives in the technology industry, and finance and investment professionals looking for information that can aid in their decision-making.
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