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. 

Previous: « China on path to claim 68% share of auto infotainment systems shipped worldwide

Next : » Ad-Server and Ad-Splicer Equipment Revenues to Reach $1.8 Billion by 2011

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: