Report on China’s Automotive Electronics Market ( http://www.bharatbook.com/Market-Research-Reports/Report-on-Chinas-Automotive-Electronics-Market.html ) elucidates about the rapid growth and development of Automotive Electronics Market.
Given the deplorable state of the downstream sectors, the overall growth of China’s automotive electronics market slowed in 2008, when entertainment electronics and active safety equipment had become the major driving force of the market. China’s automotive electronics will deliver stable growth in the next few years because the industry has only just begun gaining ground and there is still plenty of room for it to grow.
1. The overall growth of the market has slowed down
The rapid increase in output of automobiles in China is one of the major forces that drive the rapid growth of the country’s auto electronics market, on which there has been an negative impact caused by the slowdown in the output of automobiles. Rough data showed that China’s output of automobiles was 9.42 million units in 2008, up by only 6.0% year-on-year. Of the total, the output of basic passenger vehicles??cars, in which auto electronics is most extensively used??was 5.02 million units, accounting for 53%, up by about 6.2% year-on-year, dwarfed by the over 20% year-on-year increase in 2007. As a result, the growth of auto electronics market slowed significantly in China in 2008.
2. Entertainment electronics and active safety equipment have become the major growth fields in China’s auto electronics market
In 2008, many top-end auto electronics products continued to dive into the low-end auto field, helping the popularization of auto electronics.
