This data show the total turnover of the Worldwide Automotive Electric Equipment Industry Forecast from 2017 to 2025. The global automotive electric equipment Market showed crucial growth in the recent years and is estimated to witness a steep rise by generating significant revenue of US$ XX. XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 13.51% during the forecast period, i.e. 2017-2025.

Worldwide Automotive Electric Equipment Market Growth Opportunities (Revenue, Growth) By 2017-2025

Market Dynamic

The automotive electric equipment market is majorly driven by increasing demand of the electric vehicles across the globe, which has directly impacted the sales of the electric vehicles. Similarly, low maintenance and operation cost which is generating more demand for the electric equipment. Future autonomous cars and its technology needs advance an electric material which is help the growth during forecast period.

Additionally, government supporting and introducing new initiatives to drive the growth of electrical materials manufacturing industry is boosting the growth of the worldwide automotive electric equipment market. In addition, the price of fuel is constantly increasing which is urging the people to look for better and other energy efficient alternative. Automotive electric equipment is the basic technologies needs for driverless car as well autonomous cars, china will play important roles in future growth of the global market.   

Segment Analysis

Based on the material type, the worldwide electrical materials manufacturing market is segmented as Automotive Batteries, Automotive Connectors, Alternators & Starters, Ignition Systems and Parts, Lighting Equipment, LCR meter, Microwave power meter Capacitance meter, Others

On the basis of application, the Intelligent Transportation Systems market is segmented as Traffic Management, Road Safety and Surveillance, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road User Charging, and Automated Vehicles.

Regional Analysis

Asia Pacific is expected to be the fastest growing and the major contributor for the market growth in the coming years. The major factors contributing the market growth in the region is the increased demand for the electric equipment in the developing countries like China, and India. As per estimated value in 2013, revenues of automotive electric equipment manufacturing in India calculated to approximately USD 579 million, China will play significant role in the coming years.

Global Automotive Electric Equipment Market Size, Share Analysis By Region 2017

North America is anticipated to hold the major market share in the global automotive electric equipment market, owing to increasing use of electric equipment in the commercial and public vehicles as well autonomous. Europe is expected to be the fastest growing electric equipment market demand due to this growth can be attributed to increase in deployment of automotive electric equipment and materials in countries such as Germany, France, and Portugal. In 2016, revenues of automotive electric equipment manufacture in Germany are estimated to cross approximately USD 9.12 billion.

Key Players

The Worldwide Automotive Electric Equipment manufacturers which are contribute to boost industry growth that are Automotive Lighting Reutlingen GmbH, BBB Industries LLC, Continental AG, Delphi Automotive PLC, Denso Corporation, East Penn Manufacturing Company, Inc., Exide Technologies, Inc., Federal-Mogul LLC, BERU, FIAMM Energy Technology SpA, GS Yuasa Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems Americas, Inc., Ichikoh Industries Ltd., Japan Aviation Electronics Industry, Limited, Johnson Controls Inc., Koito Manufacturing Company Ltd., NGK Spark Plug Co., Ltd., OSRAM GmbH, Osram Sylvania, Philips North America Corporation, Remy International, Inc., Robert Bosch GmbH, Stanley Electric Co. Ltd., Sumitomo Wiring Systems, Ltd., TE Connectivity Ltd., Valeo SA, Yazaki Corporation.

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