RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Global Automotive Electronics Market Set to Hit $290 Billion by 2024

Tue Jan 23, 2018

Hexa Research released “Automotive Electronics Market Size by Application,” a market-research report that estimate that the global automotive electronics market will expand to an estimated $290 billion by 2024.

This market sector includes application such as body electronics, vehicle safety systems, powertrain, infotainment, and Advanced Driver Assistance Systems (ADAS), which feature a human/machine interface to help avoid collisions and accidents. ADAS systems offer such features as adaptive cruise controls, automated braking and lighting systems, GPS, antilock brakes, lane-departure warnings and traction control.

Hexa’s report identifies ADAS applications as a high-growth market, primarily due to the growth of safety regulations that have spurred adoption of numerous in-car active safety systems. In addition, demand for in-vehicle data storage to support a growing interest in access to infotainment while on the road is predicted to contribute to expansion of the automotive electronics market.