Automotive Electronics Market Synopsis:
Automotive Electronics Market Size Was Valued at USD 290.55 Billion in 2023, and is Projected to Reach USD 507.86 Billion by 2032, Growing at a CAGR of 7.50% From 2024-2032.
The Automotive Electronics is experiencing continued growth as the focus in modern cars shifts to introducing sophisticated electronics for safety and comfort, as well as connecting automobiles to the internet. Another significant characteristic in this direction is that modern car buyers increasingly seek comfort features like ADAS, infotainment, and electric cars as well; automotive electronics are in the car industry’s spotlight. Furthermore, the shifting from internal combustion engine vehicles to electric vehicles has created a high demand for electronics containing Battery Management Systems (BMS), inverters and Electric Control Units (ECUs).
It is also driven by the clientu2026Smart technology is also on the rise with the use of cars and smart mobility solutions. Application areas such as Internet of Things (IoT), Vehicle-to-Everything (V2X) technology, and autonomous vehicles depend on complex electronics systems, driving this market’s evolution. Governments of the world are implementing strict safety norms and emission control norms which compel auto makers to go for electronic solutions leading to a growth of the market.
With the tremendous market opportunities it presents, there may be barriers to market entry and operations such as supply chain issues and the expensive electronics parts a firm may use. But the potential is here with growing investment on automobiles research and development and inclination of the consumers towards buying technologically advanced automobiles. Asian countries especially in the pacific region are expected to be future growth drivers for the automotive electronics market mainly due to rapid urbanization and growing car adoption.
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Automotive Electronics Market Trend Analysis:
Rise of Electric Vehicles (EVs) Driving Electronics Demand
- The growing focus on lower emission and electrical vehicles has also created demand for electronics in automotive applications enhanced by batter management systems, power electronics and electric control units (ECUs). With mass production of EV in sight, car makers are shifting more attention towards efficiency, performance and safety management systems electronics. This trend is even more apparent driven by incentive policies from governments, and most evidently, from the international increased stringency of emissions requirements which push car makers to search for electronics technologies more suitable for new generation EVs.
Integration of Advanced Driver Assistance Systems (ADAS)
- Currently, automotive electronics especially the ADAS has emerged to be a major concern in the automotive electronics market due to the growing demand of safety and convenience. Popular ADAS technologies like ACC, LDW, AEB use sensors, cameras processors in the automobile for the working of the systems. Ongoing development of artificial intelligence and the integration of sensors contribute to further improvements to ADAS which are now considered an industry staple.
Automotive Electronics Market Segment Analysis:
Automotive Electronics Market Segmented on the basis of Type, Sale, Application, and Region.
By Type, ADAS segment is expected to dominate the market during the forecast period
- The global Automotive Electronics market divided by type is as follows: ADAS and Body Electronics, Entertainment, Powertrain, Safety Systems, and Other comprise the advanced use of electronics applications in automobiles. ADAS is another segment that has a major market share because of the rising concerns for essential safety features such as adaptive control of distance, adaptive cruise control, and lane keeping assistance. Comfort and convenience control, comprising body electronics & lighting & climate control & exterior, are also significant. It is worthy to note that the entertainment segment as an ever increasing demand today by consumers for infotainment systems. Powerstrain electronics are an important component for the performance enhancements and for supporting the shift to electric cars. Airbags and electronic stability control are among those that have been recording increased adoption due to existing and upcoming safety standards internationally. The following other newly arising uses extend the coverage of automotive electronics to diverse forms of automobiles:
By Application, Electric vehicle and Two wheeler segment expected to held the largest share
- The Automotive Electronics Market is thereby applied to PASSENGER CARS, LCVs, HCVs, EVs, two-wheelers and these categories, create requisite for big electronic systems. Lighting vehicle segment leads the market due to the escalating demand for advanced protection systems, connectivity options, and more immersive entertainment solutions such as advanced driver assistance systems and info-entertainment systems. Consequently, light and heavy commercial vehicles are integrating electronics for fleet tracking, navigation and fuel efficiency. Where battery management systems, power electronics, and charging infrastructure are so essential, electric vehicles are making up an increasingly significant share. The use of vehicle electronics in two-wheelers, especially the ones operating in developing countries, has also improved through additional capabilities, including the digital screens and anti-locking brake systems (ABS) among others, which are factors enhancing the automotive electronics market.
Automotive Electronics Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Thus, North America can claim the biggest share in the Automotive Electronics Market within the given period due to a well-developed automotive industry, the use of innovative technologies, and large investments in the EVs and autonomous driving technologies. Since the customer is inclined towards buying high-tech cars with lots of features, safety and convenience solutions such as ADAS, connected car solutions, infotainment systems have high demand in North American region. Also, the safety and environmental regulations are forcing car manufacturers to increase usage of electronics parts in cars hence increasing the market demand. In this case it said that the fact that various automotive manufacturing giants and persistent advancements in the area will spur the automotive electronics market on.
Active Key Players in the Automotive Electronics Market:
- Robert Bosch GmbH (Germany)
- OMRON Corporation (Japan)
- Infineon Technologies AG (Germany)
- HGM Automotive Electronics (US.)
- Hitachi Ltd. (Japan)
- Delta Electronics Inc. (Taiwan)
- Atotech (Germany)
- ZF Friedrichshafen AG (U.S.)
- Denso Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Other Active Players
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Automotive Electronics Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 290.55 Billion |
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Forecast Period 2024-32 CAGR: |
7.50% |
Market Size in 2032: |
USD 507.86 Billion |
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Segments Covered: |
By Type |
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By Sales |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Automotive Electronics Market by Type
4.1 Automotive Electronics Market Snapshot and Growth Engine
4.2 Automotive Electronics Market Overview
4.3 ADAS
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 ADAS: Geographic Segmentation Analysis
4.4 Body Electronics
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Body Electronics: Geographic Segmentation Analysis
4.5 Entertainment
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Entertainment: Geographic Segmentation Analysis
4.6 Powertrain
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Powertrain: Geographic Segmentation Analysis
4.7 Safety Systems and Others
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Safety Systems and Others: Geographic Segmentation Analysis
Chapter 5: Automotive Electronics Market by Sales
5.1 Automotive Electronics Market Snapshot and Growth Engine
5.2 Automotive Electronics Market Overview
5.3 OEM and After
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 OEM and After: Geographic Segmentation Analysis
Chapter 6: Automotive Electronics Market by Application
6.1 Automotive Electronics Market Snapshot and Growth Engine
6.2 Automotive Electronics Market Overview
6.3 Passenger cars
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Passenger cars: Geographic Segmentation Analysis
6.4 Light commercial vehicle
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Light commercial vehicle: Geographic Segmentation Analysis
6.5 Heavy commercial vehicle
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Heavy commercial vehicle: Geographic Segmentation Analysis
6.6 Electric vehicle and Two wheeler
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Electric vehicle and Two wheeler: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Automotive Electronics Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ROBERT BOSCH GMBH (GERMANY)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 OMRON CORPORATION (JAPAN)
7.4 INFINEON TECHNOLOGIES AG (GERMANY)
7.5 HGM AUTOMOTIVE ELECTRONICS (U.S.)
7.6 HITACHI LTD. (JAPAN)
7.7 DELTA ELECTRONICS INC. (TAIWAN)
7.8 ATOTECH (GERMANY)
7.9 ZF FRIEDRICHSHAFEN AG (U.S.)
7.10 DENSO CORPORATION (JAPAN)
7.11 KONINKLIJKE PHILIPS N.V. (NETHERLANDS)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Automotive Electronics Market By Region
8.1 Overview
8.2. North America Automotive Electronics Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 ADAS
8.2.4.2 Body Electronics
8.2.4.3 Entertainment
8.2.4.4 Powertrain
8.2.4.5 Safety Systems and Others
8.2.5 Historic and Forecasted Market Size By Sales
8.2.5.1 OEM and After
8.2.6 Historic and Forecasted Market Size By Application
8.2.6.1 Passenger cars
8.2.6.2 Light commercial vehicle
8.2.6.3 Heavy commercial vehicle
8.2.6.4 Electric vehicle and Two wheeler
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Automotive Electronics Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 ADAS
8.3.4.2 Body Electronics
8.3.4.3 Entertainment
8.3.4.4 Powertrain
8.3.4.5 Safety Systems and Others
8.3.5 Historic and Forecasted Market Size By Sales
8.3.5.1 OEM and After
8.3.6 Historic and Forecasted Market Size By Application
8.3.6.1 Passenger cars
8.3.6.2 Light commercial vehicle
8.3.6.3 Heavy commercial vehicle
8.3.6.4 Electric vehicle and Two wheeler
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Automotive Electronics Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 ADAS
8.4.4.2 Body Electronics
8.4.4.3 Entertainment
8.4.4.4 Powertrain
8.4.4.5 Safety Systems and Others
8.4.5 Historic and Forecasted Market Size By Sales
8.4.5.1 OEM and After
8.4.6 Historic and Forecasted Market Size By Application
8.4.6.1 Passenger cars
8.4.6.2 Light commercial vehicle
8.4.6.3 Heavy commercial vehicle
8.4.6.4 Electric vehicle and Two wheeler
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Automotive Electronics Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 ADAS
8.5.4.2 Body Electronics
8.5.4.3 Entertainment
8.5.4.4 Powertrain
8.5.4.5 Safety Systems and Others
8.5.5 Historic and Forecasted Market Size By Sales
8.5.5.1 OEM and After
8.5.6 Historic and Forecasted Market Size By Application
8.5.6.1 Passenger cars
8.5.6.2 Light commercial vehicle
8.5.6.3 Heavy commercial vehicle
8.5.6.4 Electric vehicle and Two wheeler
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Automotive Electronics Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 ADAS
8.6.4.2 Body Electronics
8.6.4.3 Entertainment
8.6.4.4 Powertrain
8.6.4.5 Safety Systems and Others
8.6.5 Historic and Forecasted Market Size By Sales
8.6.5.1 OEM and After
8.6.6 Historic and Forecasted Market Size By Application
8.6.6.1 Passenger cars
8.6.6.2 Light commercial vehicle
8.6.6.3 Heavy commercial vehicle
8.6.6.4 Electric vehicle and Two wheeler
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Automotive Electronics Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 ADAS
8.7.4.2 Body Electronics
8.7.4.3 Entertainment
8.7.4.4 Powertrain
8.7.4.5 Safety Systems and Others
8.7.5 Historic and Forecasted Market Size By Sales
8.7.5.1 OEM and After
8.7.6 Historic and Forecasted Market Size By Application
8.7.6.1 Passenger cars
8.7.6.2 Light commercial vehicle
8.7.6.3 Heavy commercial vehicle
8.7.6.4 Electric vehicle and Two wheeler
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Automotive Electronics Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 290.55 Billion |
|
Forecast Period 2024-32 CAGR: |
7.50% |
Market Size in 2032: |
USD 507.86 Billion |
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Segments Covered: |
By Type |
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By Sales |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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