Technology News & Trends

Competition in the global  automotive electronics market  is likely to increase, as the leading players are using different strategies to strengthen their position in the market. Growing entry of new players in this market is also expected to further increase competition in this market. The report published by Transparency Market Research elucidated about these strategies used by key players. Companies are focusing on research and development activities to develop new products to provide advanced services to their customers. Mergers and acquisitions and expansion are other strategies widely adopted by the players operating in the global automotive electronics market. Some of the prominent players analyzed in the report are Maxim Integrated Products Inc., ST Microelectronics N.V., ON Semiconductor Corp., and Robert Bosch GmbH, Infineon Technologies AG. According to the TMR’s report, the global automotive electronics market is expected to rise at a steady CAGR of 7.40% over ...

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 ...