This relatively stable performance enhances China??????s position
from the global market. China??????s share from the global automotive
electronics market revenue was 13.5% in 2008 which is expected to rise
to 18.1% in 2012.
China??????s market plays an essential role and international firms
will expand their presence and activities inside the nation. car test
tool Competition is going to be greater in China with leading
multinational firms, including TRW and Lear, which may have done well in
the global market but weren??????t so successful in China up to now.
Many new domestic entrants can also be expected, mostly inside
infotainment segment.
There are two major modifications to China??????s automotive
infotainment market during 2008. There was clearly a greater concentrate
on OEM customers as well as on the domestic market.
The export market included over 62% of most Chinese-made automotive infotainment products in 2007.
However, in 2008, the sudden arrival of your financial crisis in the
country triggered mass international order cancellations. Chinese
equipment vendors suffered severe losses along with the export market
fell sharply. Exports contracted by 8.6% in 2008. As a share of
China??????s automotive infotainment market, exports have decreased to
41%.
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Design engineering resource and global semiconductors-electronic
components distributor Mouser Electronics announced that it will sponsor
Chinese race car driver Ho-Pin Tung in their make an attempt to qualify
for the Indianapolis 500.
About this 100th Anniversary of the Indianapolis 500, it is just a
privilege for us to sponsor this talented young Chinese driver such an
historic event, commented Larry Johannes, Mouser Electronics Vice
President of Strategic Marketing. Even as we still strengthen our market
presence in China, this chance provides us the right vehicle to
construct top-of-mind awareness for Mouser and our valued supplier
partnerships.
China??????s automotive electronics companies are immature and
applications are developing at different rates. In certain segments,
such as low-end infotainment, superfluous goods are common. Meanwhile,
in many other segments, China Car Electronics supply still lags demand,
sometimes by way of a wide margin. For first time market entrants in
China??????s automotive electronics industry, it is important to find
niches or product niches with less competition, Wang noted. Where the
gap between supply and demand is larger, market conditions may be more
favourable and potential profits will likely be higher.