Asia-pacific Automotive Embedded Systems Market Forecast 2022-2030

Asia-pacific Automotive Embedded Systems Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific automotive embedded systems market is predicted to register a CAGR of 5.77% during the forecast period, 2022-2030. The continuous availability of high-speed internet and the increasing penetration of smartphones have boosted the demand for infotainment systems. Also, infotainment systems are increasingly incorporated into premium cars. This offers growth opportunities for automotive embedded systems.

MARKET INSIGHTS

Taiwan, South Korea, Thailand, China, Vietnam, Indonesia, Malaysia, Japan, India, and Rest of Asia-Pacific are assessed for the Asia-Pacific automotive embedded systems market growth analysis. In Japan, the increasing priority of vehicle-integrated features, the rising vehicle electrification trend, the growing demand for automation, and government regulations on fuel efficiency and emissions propel the demand for advanced features. Also, major corporations, along with the government, are looking to accelerate the deployment and development of electric vehicles.

Further, in Indonesia, the government increasingly prioritizes the development of the electronics sector as part of its making Indonesia 4.0 (4.0 industry) with regard to digital transformation. The initiative further aims to raise the quantity and quality to increase competitive rivalry in the international and domestic markets. For instance, as per the Indonesian Ministry of Industry, the total export value of the country’s telematics and electronic products reached $7.8 billion in 2019.

At present, the electronics sector is thriving with regard to exports and products. As per the Indonesian Ministry of Industry, the export value of home items in 2021 was $1.8 billion from January to September. This projected a 98% increase from 2020. Such factors drive market growth in these countries.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Panasonic Corporation, Samsung Electronics Co Ltd (Harman International), Renesas Electronics Corporation, Robert Bosch GmbH, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments