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Cemtrex Outlines Opportunities in the Automotive Electronics Space
- FARMINGDALE, N.Y., Dec. 13, 2016 /PRNewswire/ -- Cemtrex Inc. (CETX), a world-leading industrial and manufacturing solutions company, commented today on the outlook for the Automotive Electronics industry and potential opportunities for the Company, as automobiles add more electronic components and as they become more connected.A recent report by Mckinsey indicates, "the dramatic increase in vehicle connectivity will increase the value of the global market for connectivity components and services to €170 billion by 2020 from just €30 billion today."As the automotive industry also moves toward self-driving technology and connected intelligent cars, it is expected to generate new opportunities for Cemtrex.
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Growth Opportunities in the Global Automotive Infotainment Market
- LONDON, Dec. 14, 2016 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by product type (navigation, audio, instrument cluster, connectivity, display, accessories, software platforms and telematics), vehicle type (passenger car, light commercial vehicle, heavy commercial vehicle), end user type (OEM, aftermarket) and region (North America, Europe, Asia Pacific, The Rest of the World)The future of the global automotive infotainment market looks promising with opportunities in the passenger car and commercial vehicle.The global automotive infotainment market is expected to reach an estimated $56.7 billion by 2021.The global automotive infotainment market is forecast to grow at a CAGR of 8.4% from 2016 to 2021.The major drivers of growth for this market are increase in the vehicle production, increasing awareness among consumers towards connected car offerings, and growing government concern on driver's safety and security.
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Growth Opportunities in the Global Automotive Telematics Market
- LONDON, Dec. 14, 2016 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by service type (safety and security, information and navigation, entertainment, remote diagnostics), connectivity type (embedded, tethered, integrated), and vehicle type (passenger car, light commercial vehicle, heavy commercial vehicle) and region (North America, Europe, Asia Pacific, The Rest of the World)The future of the global automotive telematics industry looks promising with opportunities in the passenger car and light commercial vehicle.The global automotive telematics market is expected to reach an estimated $55.3 billion by 2021.The global automotive telematics market is forecast to grow at a CAGR of 27.4% from 2016 to 2021.
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