Automobile Electronics Manufacturing in the US
The Automobile Electronics Manufacturing industry has exhibited strong performance during the period, with industry revenue expected to grow. Industry strength can be largely attributed to the robust growth of motor vehicle manufacturing and sales, the primary downstream market for industry products. Falling unemployment and increasing consumer spending have supported sales for key markets. Additionally, the low interest rate environment during the five-year period facilitated easier financing for items like car purchases. Imports from countries with low labor costs create significant competition due to relatively inexpensive shipping costs. Over the next five years, IBISWorld projects revenue to decline.
This industry manufactures motor vehicle parts that have or operate with the aid of small components that control and direct an electric current. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems and driver displays. Manufacturers of electric motors are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.