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Instruments and Electrical Equipment Parts for Vehicles

Takes about 25 minutes to read

Over the years, electrical equipment in cars has increased in importance. Connectivity and safety systems are now provided through digital dashboards. Within this decade, electronic content is expected to account for about 50% of the value of a car. There is a constant need for innovation, as new technologies are being adopted at a much faster pace in the automotive industry. Efficient sourcing is needed for existing electrical hardware, due to reasons of cost-efficiency and legislation. This document explains the potential and most relevant trends and requirements for the European market for automotive instruments and electrical equipment parts. The document is intended to help suppliers from developing countries understand the market and seize opportunities.