Motor vehicle electrical & electronic equipment, steering, suspension, & interiors manufacturing companies manufacture and rebuild electrical and electronic equipment used for motor vehicles and internal combustion engines. Motor vehicle steering and suspension components (except spring) manufacturing companies mainly manufacture motor vehicle steering mechanisms and suspension components, except springs. It also includes the rebuilding of rack and pinion steering assemblies, on a factory basis.
The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market was valued at $815.8 billion in 2017. Asia pacific was the largest geographic region accounting for $364.6 billion or 44.7% of the global market. China was the largest country accounting for $190.0 billion or 23.3% of the global motor vehicle electrical & electronic equipment, steering suspension, & interiors market.
Motor vehicle electrical & electronic equipment, steering, suspension, & interiors manufacturing companies are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention and assistance. IoT helps manufacturers to increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by manufacturers to obtain wear and tear data that can prevent equipment failures.
Companies Covered: Bosch, Hyundai, Tennaco, DENSO, Hella
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