Strategy Analytics: Market for Automotive Electronic Systems Set to Exceed $300 Billion by 2020

BOSTON, April 26, 2013 /PRNewswire/ -- The Strategy Analytics Automotive Electronics service report, "Automotive Electronics System Demand Forecast 2011 to 2020: Global Growth Despite Europe's Gloom," predicts that the market for automotive electronic systems will continue to grow, despite the tough times facing some car makers.

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The continued financial difficulty in many economies – particularly in Europe – means that growth is forecast to be a modest 5 percent in 2013.  Growth is then expected to pick-up, as demand from emerging economies build and government and consumer demands for cleaner, safer vehicles help drive the market for automotive electronics.

"This growth will be spread unevenly," argues Ian Riches, Director Global Automotive Practice.  "North America, Japan, Korea and Europe will all see growth below the global average, with demand from vehicles manufactured in India forecast to see the best long-term growth," he added.

"Emerging market growth is fuelled strongly by increasing vehicle production, as well as greater electronic content," commented Chris Webber, Vice President, Global Automotive Practice.  "In established markets, growth is more concentrated on high-technology solutions such as electric and hybrid vehicles and advanced safety systems," he added.    

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com 

European: Ian Riches, +44 1908 423 645, [email protected]

US Contact: Mark Fitzgerald, +1 617 614 0717, [email protected]

SOURCE Strategy Analytics