Automotive Electronics Market Size to Reach US$ 528.71 billion by 2030

According to Precedence Research, the automotive electronics market size is forecasted to reach around US$ 528.71 billion by 2030, growing at a 7.64% CAGR from 2021 to 2030.

Automotive electronics are designed electronics dedicated to utilize in automobiles. Automotive electronics are systems employed in vehicles such as ignition, engine management, radio, carputers, in-car entertainment systems, and telematics among others. Engine, transmission and ignition electronics are also found in motorcycles, trucks, off-road vehicles, and other internal combustion powered machinery including tractors, excavators and forklifts. Associated elements for control of pertinent electrical systems are also observed in electric cars and on hybrid vehicles.

There are diverse electronic systems are utilized in automobiles for operations such as enhancing the driving act, well-being of the drivers and rider and fuel effectiveness. Automotive electronics can be subjected to more extensive temperature ranges in comparison with commercial electronics. Majority of the electrical devices are produced in numerous temperature grades and individual manufacturer define its particular temperature rating. Snowballing speed of revolution in electronics for the automotive sector will offer path for users to better exploit their time in transit to relish novel services. As a result, consumers will have more time to capitalize in personal activities and thus an electronically smart car will always demand for improved features.

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Market Estimations Y-O-Y:

  • Market Size Was Valued In 2021: US$ 274.49 Billion
  • Market Size Is Projected to Grow By 2022: US$ 294.51 Billion
  • Market Size Is Projected to Grow By 2023: US$ 316.18 Billion
  • Market Size Is Projected to Grow By 2024: US$ 4 Billion
  • Market Size Is Projected to Grow By 2025: US$ 339.64 Billion
  • Market Size Is Projected to Grow By 2026: US$ 392.65 Billion
  • Market Size Is Projected to Grow By 2027: US$ 422.57 Billion
  • Market Size Is Projected to Grow By 2028: US$ 455.06 Billion
  • Market Size Is Projected to Grow By 2029: US$ 490.35 Billion
  • Market Size Is Projected to Grow By 2030: US$ 528.71 Billion
  • Compound Annual Growth Rate (CAGR) from 2021 to 2030: 7.64 percent

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.

Scope of the Automotive Electronics Market

Report Highlights Details
Base Year 2021
Historic Data 2017 to 2021
Forecast Period 2022 to 2030
Segments Covered Type, Sales Channel, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The automotive electronics report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Report 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

Regional Snapshots

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. Furthermore, increasing automotive aftermarket is anticipated to subsidize revenue development of automotive electronics market in APAC. 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.

Key Players:

The automotive electronics market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent 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)

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

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