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Automotive Electronics Market Size to Surpass US$ 640.56 billion by the end of the year 2030

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The automotive electronics market size is projected to reach over US$ 640.56 billion by the end of the year 2030 from US$ 255.98 billion in 2020 at a steady CAGR of 7.64% from 2021 to 2030, according to Precedence Research.

The automotive electronics market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030.

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automotive electronics Market mainly includes sales, revenue, trade, competition, investment, forecast and marketing of the product and the segments here include companies (HELLA GmbH & Co. KGaA, Altera, Broadcom Ltd, Infineon Technologies AG, Panasonic Corporation, Hitachi Automotive Systems, Ltd, Microchip Technology, Inc, NXP Semiconductors N.V, Texas Instruments Incorporated), By Product: Sensors, Electronic Control Unit, and Current Carrying Devices; By Application: Body Electronics, ADAS, Infotainment, Safety Systems and Powertrain Electronics; By Sales Channel: OEM, and Aftermarket, regions, countries, etc.

This research report evaluates the automotive electronics market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global automotive electronics market for the period from 2017 to 2030.

Growth Factors

Automotive electronics technologies like all-electric cars, autonomous driving, and in-car infotainment are the new-fangled trends in the automotive sector. Automotive vehicles are renovating into the definitive electronic devices. Automotive electronics are foretold to occupy near a 3rd of the total price of the whole car. The automotive renovations offer escalation to new features and encounters such as all-electric cars and autonomous driving with extreme high power, and secure communications, high-speed and infotainment among others.

The future of cars is about sharing, autonomous driving, electric power, and links to external networks (i.e. vehicle-to-everything/ V2X) and automotive electronics will be leveraged for all 4 of these segments. Rising automotive electronics acceptance to offer safety features like emergency call systems, alcohol ignition interlocks, and calamity data recorder systems are anticipated to boost growth of the market. Cumulative acceptance by OEMs on high-volume traditional executions is also expected to amend the governing framework.

However, on account of COVID-19, most of the nations obeyed a complete lockdown that has impacted vehicle production across the world. Manufacturing units have been closed; thus, sales of vehicles have dropped and impacted production on a global level. Though few OEMs have restarted production; the drive by wire market may perceive noteworthy decline in 2020. Though, the COVID-19 outbreak disturbed the ICE vehicle production, numerous automakers are still concentrating on expansions in numerous drives by wire systems.

Market Report Scope

Report Highlights Details
Market Size US$ 640.56 Billion by 2030
Growth Rate CAGR of 7.64% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Sales Channel, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global automotive electronics market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global automotive electronics market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • Asia Pacific anticipated constituting prime share in the global automotive electronics market in terms of revenue throughout the assessment period
  • Accident data recorder system, alcohol ignition interlock, and emergency call system are achieving attention that drives the demand for advanced electronic in the automotive sector
  • Advanced driver-assistance systems or ADAS application segment of the market is predicted to grow at the fastest rate during years to come due to numerous steps undertaken by the governments to augment the security and safety of drivers along with the vehicles
  • Rapidly rising automotive sector in the region due to varying living standards and cumulative purchasing power of users is expected flourish revenue growth of automotive electronics market in Asia Pacific during forecast period.
  • China occupied for over 28% of global motor production. It was the front-runner in passenger car sales and production with 23.7 million and 23.5 million correspondingly, in 2018.

  • North America is predictable to develop at the considerable CAGR of throughout the estimate period. The U.S. is expected to govern the regional market due to the occurrence of crucial manufacturers including ZF Friedrichshafen AG, Continental AG, Autoliv, Inc, and Robert Bosch GmbH and others.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global automotive electronics market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the automotive electronics market include:

  • HELLA GmbH & Co. KGaA
  • Altera
  • Broadcom Ltd
  • Infineon Technologies AG
  • Panasonic Corporation
  • Hitachi Automotive Systems, Ltd
  • Microchip Technology, Inc
  • NXP Semiconductors N.V
  • Texas Instruments Incorporated

Market Segmentation

By Type

  • Sensors
  • Electronic Control Unit
  • Current Carrying Devices

By Sales Channel

  • OEM
  • Aftermarket

By Application

  • Body Electronics
  • ADAS
  • Infotainment
  • Safety Systems
  • Powertrain Electronics

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the automotive electronics in 2020?

What is the expected market size by 2030?

What is the automotive electronics market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the automotive electronics market?

Why Buy this Report?

The purpose of Precedence Research’s automotive electronics market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Automotive Electronics Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Automotive Electronics Market

5.1. Covid-19: Automotive Electronics Industry Impact
5.2. Automotive Electronics Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Automotive Electronics Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Automotive Electronics Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Automotive Electronics Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Driver 1
6.1.1.2. Driver 2
6.1.2. Market Restraints
6.1.2.1. Restraint 1
6.1.3. Market Opportunities
6.1.3.1. Opportunity 1
6.1.3.2. Opportunity 2

Chapter 7. Global Automotive Electronics Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Automotive Electronics Market Revenue by Market Players (2016-2020)
7.1.1.2. Automotive Electronics Market Revenue Market Share by Market Players (2016-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Product Type Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Automotive Electronics Market, By Product Type

8.1. Automotive Electronics Market, by Component, 2017-2030
8.1.1. Sensors
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Electronic Control Unit
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Current Carrying Devices
8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Automotive Electronics Market, By Application

9.1. Automotive Electronics Market, by Application, 2017-2030
9.1.1. Body Electronics
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. ADAS
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Infotainment
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Safety Systems
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Automotive Electronics Market, By End-user

10.1. Automotive Electronics Market, by End-user, 2017-2030
10.1.1. OEM
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Automotive Electronics Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product Type(2017-2030)
11.1.2. Market Revenue Forecast by Application (2017-2030)
11.1.3. Market Revenue Forecast by End-user (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product Type(2017-2030)
11.2.2. Market Revenue Forecast by Application (2017-2030)
11.2.3. Market Revenue Forecast by End-user (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product Type(2017-2030)
11.3.2. Market Revenue Forecast by Application (2017-2030)
11.3.3. Market Revenue Forecast by End-user (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product Type(2017-2030)
11.4.2. Market Revenue Forecast by Application (2017-2030)
11.4.3. Market Revenue Forecast by End-user (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product Type(2017-2030)
11.5.2. Market Revenue Forecast by Application (2017-2030)
11.5.3. Market Revenue Forecast by End-user (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. HELLA GmbH & Co. KGaA
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2016-2020)
12.1.4. Recent Developments and Strategies
12.2. Altera
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2016-2020)
12.2.4. Recent Developments and Strategies
12.3. Broadcom Ltd
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2016-2020)
12.3.4. Recent Developments and Strategies
12.4. Infineon Technologies AG
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2016-2020)
12.4.4. Recent Developments and Strategies
12.5. Panasonic Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2016-2020)
12.5.4. Recent Developments and Strategies
12.6. Hitachi Automotive Systems, Ltd
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2016-2020)
12.6.4. Recent Developments and Strategies
12.7. Microchip Technology, Inc
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2016-2020)
12.7.4. Recent Developments and Strategies
12.8. NXP Semiconductors N.V
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2016-2020)
12.8.4. Recent Developments and Strategies
12.9. Texas Instruments Incorporated
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2016-2020)
12.9.4. Recent Developments and Strategies
12.10. Valeo Inc
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2016-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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