Automotive EE architecture is rapidly evolving with an increasing demand for software-oriented design supporting vehicles' in-vehicle communication features. Increasing electrification and integration of advanced connected electronics has bolstered the market growth. The emergence of digital cars, electrification, autonomous driving, and connectivity are among the key technologies propelling market growth. To integrate leading advanced technology in vehicles, OEMs (Original Equipment Manufacturers) are enhancing their focus on centralizing the E/E Architecture. The integration of more sophisticated add-on features in the vehicle makes traditional architecture inefficient and costly. Thus, the market is expected to witness significant demand for modern EE architecture in the coming years.
MARKET SCOPE
The "Global Automotive EE Architecture Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive EE architecture market with detailed market segmentation by vehicle type, propulsion type, system type, architecture, and geography. The global Automotive EE architecture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive EE architecture market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global Automotive EE architecture market is segmented into passenger vehicle and commercial vehicle.
- On the basis of propulsion type, the market is segmented into ICE and electric.
- On the basis of system type, the market is segmented into electrical and electronics.
- On the basis of architecture, the market is segmented into distributed architecture, domain centralized architecture, and vehicle centralized architecture.
MARKET DYNAMICS
Drivers:
- Increasing Demand of Connected Technology in Vehicles
- Rise in Sell of Electric Vehicle in Developed and Developing Nations
- Growing Demand of Luxurious and Premium Cars
Restraints:
- Disruption in Supply Chain and Lowering Sale of vehicles in the global market due to COVID - 19 limits the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive EE architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Automotive EE architecture market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE EE ARCHITECTURE MARKET
The COVID-19 pandemic dramatically impacted the global automotive industry as major vehicle manufacturing companies halted production owing to the fall in demand from new vehicles and disruptions in the worldwide supply chain. According to several automotive industry associations and organizations, the automotive sector recorded ~20?"25% loss in production and more than 30% loss in sales in 2020. After witnessing a significant drop in 2020 due to the COVID-19 pandemic, the automotive market is experiencing a gradual recovery fourth quarter of 2020. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China's rebound continues to accelerate, with the potential to approach 30 million new vehicles by 2025.
MARKET PLAYERS
The report covers key developments in the Automotive EE architecture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive EE architecture market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive EE architecture in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive EE architecture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aptiv PLC
- Continental AG
- Cummins Inc.
- Hella GmbH
- Magna International
- Mahle GmbH
- Robert Bosch GmbH
- Valeo SA
- Visteon AG
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.