Turnover automotive industry worldwideThe automobile was first invented and perfected in Germany and France in the late 1800s, even though Americans swiftly came to dominate the automotive industry in the 1st half of the twentieth century. The advancements in technology have been compelling the organizations to develop new products in a bid to be competitive. Businesses have been investing heavily in analysis and development activities to develop new technologies products. The significant players in the automotive cockpit electronics industry incorporate Continental, Denso, Visteon, Harman, Alpine, Panasonic, Delphi, Bosch, and Pioneer.
International demand for principal and recycled aluminium is being fuelled by the trend towards lightweight construction in the automotive industry. The consumption of aluminium is increasing in the booming aerospace market, even though the upturn in the building industry in continental Europe is also stimulating demand. In addition, demand in the mechanical engineering and packaging markets continues to improve.
According to a new market place report published by Persistence Industry Analysis Worldwide Industry Study on Automotive Cockpit Electronics: Infotainment and Navigation Segment to Witness Highest Growth by 2020”, the worldwide automotive cockpit electronics industry was worth USD 31.1 billion in 2013 and is expected to develop at a CAGR of 12.% during 2014 to 2020, to attain an estimated worth of USD 61.five billion in 2020.
Romer Impacts Automotive Sectorautomotive industry worldwide revenue
employees automotive industry worldwideWorldwide automotive development is slowing down, particularly in the BRICS. Rising number of consumers seeking for enhanced safety attributes such as stability, convenience and comfort is the principal factor fuelling the development of automotive MEMS market place. This is encouraging the producers of automobiles to continuously upgrade their models and implement technologically sophisticated security attributes in the automotive vehicle. Implementation of automotive MEMS enables integration of electronics and accelerometer onto a single chip.
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