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The automotive electronics industry is in good condition

  • Author:chipstores
  • Source:chipstores.com
  • Release on :2018-05-10
Integrated Circuits wholesales china

Intelligent network is one of the development directions of the current automobile industry. Traditional vehicle companies, new car builders, and technology companies are all sparing no efforts to lay out related businesses. The vigorous development of the market in 2017 has brought tremendous business opportunities to automotive electronics companies. Thanks to the increasing proportion of automotive electronics in the entire vehicle, related automotive electronic products have also penetrated from high-end models to low-end models. At the same time, some automotive electronics have the characteristics of consumer electronics. The update rate is faster and the demand for updates has increased. In the coming period, the automotive electronics industry is expected to enter a rapid growth range.

The overall performance of the automotive electronics listed companies is good. First, thanks to the sound development of the industry as a whole, the industry is expected to exceed 100 billion US dollars by 2021. As the largest auto market, China is also the most promising area for automotive electronics products. At the same time, the automotive electronics business is also expected to become a business that sustains rapid growth.

For the relatively new and highly promising sectors, automotive electronics has attracted a lot of attention. Traditional international component giants have laid out related businesses early and have occupied a lot of market share. In recent years, domestic auto-electronics companies have been aiming at the outlets and are chasing and surpassing them, calling for a "curve crossing."

There are two main ways of adopting the self-owned brand curve overtaking: First, through long-term investment in R&D, relevant technologies have been accumulated and independent innovation has been carried out to establish a strong competitiveness. The second is through international mergers and acquisitions, joint ventures and other means of business development, and technology accumulation.