Automotive Electronics Market – Economic Recovery Boosts Europe Automotive Electronics Market
The global market for automotive electronics is expected to showcase a stiff competition among the key players over the next few years, states a new research study by TMR. The prominent players in the market are making ardent efforts to develop new products by spending enormously on research and development activities. In addition to this, the growth in the number of alliances and mergers is predicted to create growth opportunities for the new entrants, which in turn is likely to support the development of the market in the near future. Some of the prominent players engaged in the automotive electronics market across the globe are NXP Semiconductor NV, ON Semiconductor Corp., ZF Friedrichshafen AG, Hitachi Ltd., ST Microelectronics N.V., N.V., Maxim Integrated Products Inc., Robert Bosch GmbH, Infineon Technologies AG, ON Semiconductor Corp., and OMRON Corporation. As per the research study by TMR, in 2017, the global market for automotive electronics stood at US$3,530.7 mn and ...