Automotive ****pit electronic products enhance the travelling experience and convenience by offering better driving control, safety and entertainment. Automotive ****pit electronics are considered as an important part of modern automotive. Diversified market of modern automotive ****pit electronics is gaining traction among consumers on the account of the better efficiency, high quality and integration of ****pit connected devices with smart devices.

Market Size and Forecast

Global automotive ****pit electronics market was valued at USD 33.9 Billion in 2016. Further, the market is expected to expand at a CAGR of 8.7% over the forecast period. Rising trend of integration of smart devices with automotive is expected to foster the growth of global automotive ****pit electronics market. Further, the increasing demand for better user experience and convenience features is anticipated to drive the market of global automotive ****pit electronics market over the forecast period.

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In the terms of region, North America was held for the highest percentage of market share in 2016. Further, rising disposable income and increasing trend of customization is expected to bolster the growth of automotive ****pit electronics market over the forecast period. Moreover, increasing sale of automotive on the account of rising disposable income is likely to provide robust growth to automotive ****pit electronics market over the forecast period. Further, favorable government regulations such as mandatory integration of advanced safety systems in the vehicles is expected to bolster the automotive ****pit electronics market within the region over the forecast period.

Furthermore, North America is expected to be trailed by Europe and Asia-Pacific. Europe is expected to maintain second position over the forecast period. Factors such as presence of major automotive companies and increasing disposable income are expected to propel the growth of automotive ****pit electronics market in the Europe region. Asia Pacific is anticipated to grow at highest pace over the forecast period on the account of the increasing middle class population and rising disposable income. Moreover, the expansion of automotive industry is expected to bolster the growth of automotive ****pit market within the region over the forecast period. China, India, South Korea and Japan are the major countries witnessing the augmented demand for automotive ****pit electronic products.

Market Segmentation

Our-in depth analysis of the global automotive ****pit electronics market includes the following segments:

By Product Type

Information and Controls

Electronic Power Assisted Steering

Tire Pressure Monitoring Systems

Head Up Display

Infotainment and Navigation

Rear Seat Entertainment

Navigation

Audio and Connectivity

Audio System

Wireless Systems

By Application

Entertainment System Application

Passenger Comfort Application

Active Safety Application

Driver Assistance Application

Other Applications

By Vehicle Type

Economic Passenger Car

Mid-Priced Passenger Car

Luxury Passenger Car

Growth Drivers and Challenges

Increasing disposable income and rising sale of automotive across the globe are the major factors driving the growth of global automotive ****pit market. Moreover, inclination of consumer toward enhanced driving experience and increasing concern about the safety is predicted to trigger the growth of the global automotive ****pit electronics market.

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Further, stringent government regulations about the safety of passenger are envisioned to bolster the growth of automotive ****pit electronics market. Further, the implementation of passenger safety regulations is boosting the market of various advanced automotive ****pit electronics products such as anti-lock braking system, advanced driver assistance system, electronic stability control and others.

Apart from this, technological advancements associated with automotive ****pit electronic such as adaptive lighting technology are one of the key factors fuelling the demand for automotive ****pit electronic products.  Moreover, increasing demand for inf0-travelling on the account of increasing tourism activities is expected to augment the growth of global automotive ****pit electronics market.

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