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.Automotive Electronics MarketTo 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.
1. Global Automotive Electronics Market: Research Methodology 2. Global Automotive Electronics Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Electronics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Electronics Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automotive Electronics Market Segmentation 4.1 Global Automotive Electronics Market, by Application (2022-2029) • ADAS • Body Electronics • Entertainment • Powertrain • Safety Systems 4.2 Global Automotive Electronics Market, by Vehicle Type (2022-2029) • Passenger Cars • Light Commercial Vehicles (LCV) • Heavy Commerical Veh 4.3 Global Automotive Electronics Market, by Component (2022-2029) • Electronic Control Unit • Sensors • Current Carrying Devices • Others 5. North America Automotive Electronics Market(2022-2029) 5.1 North America Automotive Electronics Market, by Application (2022-2029) • ADAS • Body Electronics • Entertainment • Powertrain • Safety Systems 5.2 North America Automotive Electronics Market, by Vehicle Type (2022-2029) • Passenger Cars • Light Commercial Vehicles (LCV) • Heavy Commerical Veh 5.3 North America Automotive Electronics Market, by Component (2022-2029) • Electronic Control Unit • Sensors • Current Carrying Devices • Others 5.4 North America Automotive Electronics Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Automotive Electronics Market (2022-2029) 6.1. European Automotive Electronics Market, by Application (2022-2029) 6.2. European Automotive Electronics Market, by Vehicle Type (2022-2029) 6.3. European Automotive Electronics Market, by Component (2022-2029) 6.4. European Automotive Electronics Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Electronics Market (2022-2029) 7.1. Asia Pacific Automotive Electronics Market, by Application (2022-2029) 7.2. Asia Pacific Automotive Electronics Market, by Vehicle Type (2022-2029) 7.3. Asia Pacific Automotive Electronics Market, by Component (2022-2029) 7.4. Asia Pacific Automotive Electronics Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Electronics Market (2022-2029) 8.1 Middle East and Africa Automotive Electronics Market, by Application (2022-2029) 8.2. Middle East and Africa Automotive Electronics Market, by Vehicle Type (2022-2029) 8.3. Middle East and Africa Automotive Electronics Market, by Component (2022-2029) 8.4. Middle East and Africa Automotive Electronics Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Electronics Market (2022-2029) 9.1. South America Automotive Electronics Market, by Application (2022-2029) 9.2. South America Automotive Electronics Market, by Vehicle Type (2022-2029) 9.3. South America Automotive Electronics Market, by Component (2022-2029) 9.4 South America Automotive Electronics Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Altera 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Audiovox 10.3 Avago Technologies 10.4 Continental 10.5 Atmel 10.6 Denso 10.7 Delphi 10.8 Dow Corning 10.9 Bosch Group 10.10 Hitachi Automotive Systems 10.11 Infineon Technologies AG 10.12 Panasonic 10.13 Texas Instruments 10.14 TRW 10.15 Wipro 10.16 Hella (Germany) 10.17 Marelli (Italy), 10.18 Osram (Germany) 10.19 Valeo (France 10.20 Philips (Netherlands)
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