Embedded System Market In Electric Vehicles Highlights:
Over the past decade, it had been observed that the price of crude oil barrels is increasing very rapidly, while its availability is decreasing. Due to these factors, a large pool of population is shifting their preference towards electric vehicles.
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Key Companies analyzed are: The key players of global Embedded System for Electric Vehicle market are Robert Bosch (Germany), Continental AG (Germany), Panasonic (Japan), Texas Instruments (U.S.), Mitsubishi Electric (Japan), and DENSO (Japan). In 2016, these companies accounted for a share of XX% of the global market.
In the last 3 to 4 years, the demand for electric vehicles in the United States has been rapidly increasing, with 70% of year-over-year growth in sales. Along with the United States, Norway has also put a step ahead and has shifted their focus towards electric vehicles. As per the market statistics, every third of a new car is electric. The country also has the highest proportion of 6.4% electric cars, worldwide, followed by Sweden with 3.4%. The growth of electric vehicles is increasing and since 2014, the sales have doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide. This increase in the growth of the electric vehicle is expected to significantly drive the market for embedded system for electric vehicle market.
The global embedded system for electric vehicle market has been segmented on the on the basis of components as Sensors, MCU, Transceivers, and Memory Devices. On the basis of application the market has been segmented as infotainment & Telematics, Body Electronics, and Safety & Security. On the basis of region the market for embedded system for electric vehicle has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.
This market for embedded system for electric vehicle has seen substantial growth over the past few years and it has been observed that the market will remain on the same growth level during the forecast period. Among the regions covered, Asia Pacific has accounted the largest market, followed by Europe and North America. Major factors that have driven the electric vehicles market are the rapidly increasing sales of electric vehicles, supported by government initiatives and increasing fuel prices raising the demand of electric vehicles. The embedded system for electric vehicle market is currently flourishing in North America.
The massive outlay in the development of electric vehicle infrastructure in the form of recharge stations and other policies, are expected to drive the market for embedded system for electric vehicles in this region. In North America, the sales of electric car have doubled since 2014, which clearly implies that the demand for embedded system for electric vehicles have been rising at a rapid pace. Over the past few years, the sales of electric vehicles have doubled in the U.S., which means the market will generate ample revenue. The major factors that have driven the U.S. market are rising demand for electric cars, government initiatives and high disposable income. Europe is one of the most promising regions in the electric vehicles market. This market has achieved an ample scope due to the presence of profitable countries such as Germany, UK, France, and Norway.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimatio
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
The report for Global Embedded System for Electric Vehicle Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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