Auto Electronics Market To Exceed US$50 Billion Worldwide By 2010
The
world market for non-entertainment automotive electronics was estimated at
US$36.8 billion in 2005 and is forecast to reach US$52.1
billion by 2010, according to the latest figures from a report
published by Reed Electronics Research and In-Stat.
North America will show an average increase of 5.1% per year in the period to 2010, with the market increasing from US$13.2 billion in 2005 to reach US$16.9 billion in 2010. Although North America is a mature market for a number of automotive electronic systems, strong growth will be seen for electronic braking, steering and driver information.
Meanwhile China is on a path to dominate
the manufacturing of automotive
infotainment systems with an estimated 68% global market share by
2010, according to iSuppli.
Other Findings from the research include:
- Powertrain electronics accounted for 32% of the global market in 2005 with this forecast to remain stable in the period to 2010.
- Body/chassis electronics will show an average growth of 9.4% per year between 2005 and 2010, with the world market increasing from US$4.0 billion to US$6.3 billion during the period.
- Overall safety and convenience accounted for 50.3% of the global market in 2005 at US$18.5 billion.
- The market for navigation will continue to converge with audio and entertainment and combined will be one of the fastest growing segments of the automotive electronics market.
