Automotive Electronics Market – Industry Analysis and Forecast (2023-2029)

Automotive Electronics Market size is valued at US$ 25.95 Bn in 2022 and expected to grow at a CAGR of  7.89% in the forecasting period to reach US$ 44.16 Bn by 2029.
Automotive Electronics Market Dynamics
An increase in automotive electronics adoption to deliver safety features including vehicle data recorder systems, emergency call systems, and alcohol ignition interlocks are expected to drive the growth in the global automotive electronics market.

OEMs are focusing to invest heavily in R&D to manufacture high-performance products at reasonable cost and are also concentrating more on energy storage technology. Additionally, the manufacturers have become more reliant on electronics products, which enabling them to deliver high level of safety. OEMs are also focusing on the production of low-cost ADAS for the compact and medium-sized car segments. The key players are introducing affordable ADAS systems like driver monitoring systems, traffic sign recognition, and LDW system to increase their presence in the global automotive electronics market.To know about the Research Methodology :- Request Free Sample Report
COVID-19 impact on market:
COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.
Automotive Electronics Market Segment Analysis
The ADAS application sector is expected to grow at a xx% rate of CAGR during the forecast period. The growth in the market is attributed to the several safety regulations, which are increasing the adoption in cars’ active security systems. These systems involve innovative software and sophisticated electronic components coupled with numerous sensors to enhance the safety of drivers and their surroundings, detect driver health, and increase the driving experience. The development of ADAS in vehicles are delivering road safety, which is expected to drive the market growth.
Regional Analysis:
Region-wise, The Asia Pacific region is projected to be the leading region in the global market. The leading position in the market is attributed to the presence of the prominent electronics ley players in the region. The flourishing electronic component manufacturing industry is one of the key drivers in the global market. Additionally, the number of manufacturers poses an excellent investment opportunity for regional suppliers to take advantage of the local demand, which is contributing significant share in the global market.

The objective of the report is to present a comprehensive analysis of Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global  Market dynamics, structure by analysing the market segments and project the Global Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
Automotive Electronics Market, Key Highlights:
Automotive Electronics Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Market

Automotive Electronics Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Automotive Electronics Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

The Automotive Electronics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Market are also profiled.
Automotive Electronics Market (PBBA) Report Scope: Inquire before buying



Automotive Electronics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 25.95 Bn.


Forecast Period 2023 to 2029 CAGR:
7.89%
Market Size in 2029:
US $ 44.16 Bn.


 Segments Covered:
by Application
ADAS
Body Electronics
Entertainment
Powertrain
Safety Systems


by Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commerical Veh


by Component
Electronic Control Unit
Sensors
Current Carrying Devices
Others



Automotive Electronics Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Electronics Market(PBBA)Key Players
1. Altera
2. Audiovox
3. Avago Technologies
4. Continental
5. Atmel
6. Denso
7. Delphi
8. Dow Corning
9. Bosch Group
10. Hitachi Automotive Systems
11. Infineon Technologies AG
12. Panasonic
13. Texas Instruments
14. TRW
15. Wipro
16. Hella (Germany)
17. Marelli (Italy),
18. Osram (Germany)
19. Valeo (France
20. Philips (Netherlands)
21. Varroc (India)
22. Hyundai Mobis (South Korea)
23. Koito (Japan)
24. North American Lighting (US)
25. Renesas (Japan)
26. Lumax (India)
27. Aptiv

Frequently Asked Questions:

1. Which region has the largest share in Global Automotive Electronics Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Automotive Electronics Market?
Ans: The Global Automotive Electronics Market is growing at a CAGR of 7.89% during forecast period 2023-2029.

3. What segments are covered in Global Automotive Electronics market?
Ans: Global Automotive Electronics Market is segmented into application and region.

4. Who are the key players in Global Automotive Electronics market?
Ans: The important key players in the Global Automotive Electronics Market are – Altera, Audiovox, Avago Technologies, Continental, Atmel, Denso, Delphi, Dow Corning, Bosch Group, Hitachi Automotive Systems, Infineon Technologies AG, Panasonic, Texas Instruments

5. What is the study period of this market?
Ans: The Global Automotive Electronics Market is studied from 2022 to 2029.