Industry Analysis & Industry Trends
The Automobile Electronics Manufacturing industry has been experiencing strong growth on the heels of the North American automotive crisis. Over the five years to 2017, the industry benefited heavily from record highs in downstream demand from auto makers, one of this industry's key downstream markets. The outlook for the next five years, however, shows an industry in a period of stabilization. Revenue is projected to fall slightly over the five years to 2022, as the industry faces perennial pressure from imports and the appreciation of the Canadian dollar. A soon-to-be-ratified trade agreement between Canada and the European Union is expected to shake up the industry as well, bolstering exports while providing new challenges... purchase to read more
Industry Report - Industry Products Chapter
Modern cars contain an ever-growing amount of electric and electronic equipment. Over the past decade, luxury automakers have pioneered the use of sensors to detect approaching vehicles, low tire pressure, vehicle tampering and impact force; these features actively enhance vehicle safety and can be used as an attractive selling point. This industry's products can be broadly classified as ignition systems, lighting systems and informational and entertainment devices.
Over the five years to 2022, IBISWorld expects demand for several types of automotive electronics to increase. For example, hybrid-electric vehicle sales are expected to rise, driven principally by falling prices associated with mass production. Fur.. purchase to read more