Market Reports China

China Automotive Electronics Market 2017 Forecasts

 

Dallas, TX -- (ReleaseWire) -- 01/09/2014 -- In recent years, automotive electronics have an increasing and wide application with the rapid development of China’s automobile industry, which driven the industry scale of automotive electronics. In 2012, the market scale of China’s automotive electronics exceeded CNY 320 billion, up from CNY 260 billion in 2011.

As for product function and application fields, China’s automotive electronics market has four segments: power control product, chassis control and safety product, automobile body electronics and vehicle electronic devices. The sales value of power control products still remain in the first place, but the market shares will decline due to the popularizing rate of power control products is high and market growth mainly depends on the number of finished automobile as well as the declining product’s average price.

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Automotive electronics technologies have tendency to show function integration, gradually forming an economic, effective and diagnostic data center. For instance, by virtue of integrated sensor system to reduce wiring, simplify control system, and also reduce 60%-80% of the volume of sensor system. The products with great demand in automotive electronics field includes GPS, automatic variable speed control, ESP, TCS, intelligent anti-theft system, vehicle-mounted TV, vehicle air conditioner and air bag restraint system (SRS) etc.

According to statistics, electronics products account for more than 20% of the min-range finished automobile’s costs, 50%-60% of the top-grade finished automobile’s costs. Multi-fuctionalization and electronization bring a huge development space for automotive electronics industry.

70% of innovation in automobile industry derived from automotive electronics which is the most important technical measures and core competitiveness for developing new type of automobiles and improving automobile performance. Electronics have an increasing proportion in the costs of finished automobile. The future automotive electronics industry that served as combination of automobile and electronics has already entered the fast lane.

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