North America Automotive Embedded System Market Growth Sturdy at 6.2% CAGR to Outstrip $1,374.26 Million by 2027 - COVID-19 Impact and Global Analysis by Business Market Insights


North America Automotive Embedded System Market is expected to grow from US$ 899.51 million in 2021 to US$ 1,374.26 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. The electrification of transportation has been one of the primary developments of the 21st century. According to Forbes, North America sales of electric vehicles (EVs) increased by 65% from 2017 to 2018, reaching 2.1 million vehicles, and the sales numbers remaining stable in 2019. Governments across the region are introducing various policies and taking initiatives to encourage the use of electric cars. Governments have also started a number of projects in collaboration with private businesses to build charging infrastructure. These activities are contributing to the growth of the North America electric vehicle sector, thus increasing the demand for embedded systems to build these cars.

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key companies profiled in this research study are: 

Continental AG

Denso Corporation

Garmin Ltd.

Harman International

Infineon Technologies AG

Mitsubishi Electric Corporation

NXP Semiconductors.

Panasonic Corporation

Robert Bosch GmbH

North America Automotive Embedded System Market Segmentation:

 North America Automotive Embedded System Market – By Type:

Software

Hardware

North America Automotive Embedded System Market – By Component:

Memory Devices

Microcontrollers

Sensor and Drivers

North America Automotive Embedded System Market – By Application:

Powertrain & Chassis Control

Body Electronics

Multimedia and Integrated Systems/Services

North America Automotive Embedded System Market, by Country:

US

Canada

Mexico

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting the performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, Government authorities of various states in the country imposed several limitations on industrial, commercial, and public activities in 2020 to control the spread of infection. However, customers have returned to dealership floors as pandemic-related restrictions have relaxed in certain places. For the time being, several platforms, both real and virtual, exist alongside one another, complementing and competing with one another. Tesla, along with other early adopters such as Porsche, Volkswagen, and Volvo, is at the forefront of selling outside of a dealer showroom. Despite the COVID-19 breakdown, the North American automotive sector is catching up, which is a favorable indicator for automotive embedded system makers.     

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Major Features of North America Automotive Embedded System Market Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automotive Embedded System Market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the North America Automotive Embedded System Market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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If you have any questions about this report or would like further information, please contact us:

Contact person: Sameer Joshi

Email: sales@businessmarketinsights.com

Phone: +1646791707

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