About Automotive Under-the-hood Electronics
Under the hood electronics include anti-lock braking systems, ECU control units, electronic fuel injection system, and automated locking systems, among others. In other words, all the mechanical functions of vehicles, which are controlled by electronics or transformed to electronic functionality, are included in engine control components.The automotive industry has witnessed a structural shift in the form of transformation of mechanical operation into an electrical mechanism to achieve higher fuel efficiency and performance. For instance, fuel injection was a mechanically operated component in the past. However, modern vehicles are equipped with electronic fuel injectors that are controlled by an ECU. These electronic components are exposed to a high temperature ranging from 257⁰F to 302⁰F when mounted to the engine itself.
Technavio’s analysts forecast the global automotive under-the-hood electronics market to grow at a CAGR of 10.89% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive under-the-hood electronics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the overall automotive electronics applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Under the Hood Electronics Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive under the hood electronics market: Bosch, Continental, Denso, Delphi, and Hitachi.
Other Prominent Vendors in the market are: Bourns, CTS, Daeduck Electronics, Faurecia, Hamamatsu, Hyundai KEFICO, Infineon Technologies, NGK Spark Plug, Panasonic, and Stoneridge.
Commenting on the report, an analyst from Technavio’s team said: “One trend spurring growth in this market is the emergence of electronic manufacturing service (EMS) providers. In the past, OEMs depended on multiple electronic component manufacturers for designing, prototypes, assembly, testing processes, and other services. But now, with increasing electronic content in vehicles and difficulties of managing manufacturing pressure, OEMs are migrating to EMS providers to streamline their supply chain. EMS providers eliminate the need for multiple manufacturers and provide end-to-end solutions, from assembling components to manufacturing and testing ECUs, under one roof.”
According to the report, one driver facilitating growth in this market is the high demand for under the hood electronics in emerging markets. Over the past few years, the demand for automobiles in developed countries has been volatile due to economic slowdown. However, the emerging markets have witnessed a robust growth in automobile sales due to strong economic growth, ideal population demographics, and elevated purchasing power of consumers.
Further, the report states that one challenge hindering growth in this market is the short lifecycle of automotive electronics. Technological innovations and dynamic consumer expectations are reducing the average life of vehicles and this is adding pressure on automotive electronics manufacturers as they have to cater to the demanding needs of OEMs and Tier-1 suppliers. Drastic changes in the form of propulsion technologies, electrification, and engine downsizing have reduced the product life to 4-6 years.
Bosch, Continental, Denso, Delphi, Hitachi, Bourns, CTS, Daeduck Electronics, Faurecia, Hamamatsu, Hyundai KEFICO, Infineon Technologies, NGK Spark Plug, Panasonic, and Stoneridge.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook