Le Lézard
Classified in: Transportation, Science and technology
Subject: SVY

Aftermarket for Electronic Components to Reach $11.8 Billion in 2021



CLEVELAND, Oct. 5, 2017 /PRNewswire/ -- Through 2021, aftermarket sales of electronic components in the US are forecast to rise 4.8% per annum to US$11.8 billion. While this growth is slower than in Canada and Mexico, the US will nonetheless account for 81% of all new demand in the North American region due to the large size of its light vehicle park. These and other trends are presented in Automotive Aftermarket for Electronic Components in North America, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Freedonia Group logo

For more information: https://www.freedoniagroup.com/industry-study/automotive-aftermarket-for-electronic-components-in-north-america-by-product-and-performer-3547.htm

A trend toward increased OEM installations of electronics in late-model vehicles will have a mixed impact on aftermarket electronic component sales. On the one hand, competition from factory-installed units will reduce first-time aftermarket installations, limiting aftermarket sales to a degree in the short term. On the other hand, greater OEM installation of these products will create a larger stock of vehicles that may require component replacement ? due to component failure or collision ? over the longer term.

The domestic automotive electronics aftermarket will be buoyed by the increasing popularity of H/EVs, which are equipped with electro-hydraulic brake-by-wire braking systems that incorporate a number of electronic controls, modules, and sensors, as well as a number of electronic systems and components that govern engine management.

Related studies include:

About The Freedonia Group, a division of MarketResearch.com ? The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Automotive & Transport studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

 

SOURCE The Freedonia Group


These press releases may also interest you

at 11:00
SAN DIEGO, Oct. 22, 2017 /PRNewswire/ -- ATA MC&E Booth #549 -- In advance of the Department of Transportation's (DOT) Electronic Logging Device (ELD) mandate, Lytx RAIR compliance services has added new functionality and a more streamlined workspace...

at 10:00
LOS ANGELES, Oct. 22, 2017 /PRNewswire-iReach/ -- Auto-car-insurance4.info has released a new blog post presenting the benefits of graduating defensive driving courses when buying auto insurance. The main reason drivers pay more for car insurance...

at 08:00
ORLANDO, Fla., Oct. 22, 2017 /PRNewswire/ -- SmartDrive Systems, a leader in video safety and transportation intelligence, today introduced SmartDrive SmartSensetm, a new line of intelligent driver-assist sensors designed to identify the most...

at 08:00
ORLANDO, Fla., Oct. 22, 2017 /PRNewswire/ -- SmartDrive Systems, a leader in video safety and transportation intelligence, today announced that Michelin North America has led a preferred-stock round of investment in the company. Michelin's investment...

21 oct 2017
SAN DIEGO, Oct. 21, 2017 /PRNewswire/ -- On Saturday, October 21, General Dynamics NASSCO hosted a christening and naming ceremony for the Navy's newest Expeditionary Sea Base, the USNS Hershel "Woody" Williams (ESB 4). The ship's namesake, Hershel...

21 oct 2017
AFTON, NS, Oct. 21, 2017 /CNW/ - Modern, public infrastructure is key to supporting the unique needs of First Nations communities. The governments of Canada and Nova Scotia are investing in well-planned road infrastructure that will contribute to...




News published on 5 october 2017 at 13:51 and distributed by: