Argentina Automotive Electronics Market Overview, 2029

Argentina Automotive Electronics Market Overview, 2029

The automotive electronics market in Argentina is an integral part of the country's automotive industry, which plays a significant role in its economy. The automotive industry in Argentina stands as a cornerstone of the nation's economy, characterized by a blend of domestic production and international collaborations. Within this robust automotive landscape, the role of automotive electronics is pivotal, propelling the industry forward with innovation, efficiency, and safety advancements. The dynamic realm of Argentina's automotive electronics market, offering insights into its structure, key players, technological trends, regulatory landscape, challenges, and opportunities. Argentina's automotive electronics market mirrors global trends, embracing the evolution towards electrification, connectivity, and autonomous capabilities. As the automotive sector navigates through transformative shifts, spurred by environmental concerns, technological breakthroughs, and changing consumer expectations, the role of electronics becomes increasingly pronounced. From advanced driver assistance systems (ADAS) to electric vehicle (EV) propulsion technologies, automotive electronics in Argentina are poised at the forefront of innovation, driving both industry competitiveness and societal progress. The intricacies of Argentina’s automotive electronics market are essential for industry stakeholders, policymakers, investors, and consumers alike. Demanding vehicles with advanced electronic features such as touchscreen infotainment systems, smartphone integration, GPS navigation, Bluetooth connectivity, and advanced safety systems like collision avoidance and lane departure warning systems. Electronics market faces several challenges including economic volatility, fluctuating currency exchange rates, and supply chain disruptions. Also, the transition to electric and autonomous vehicles presents both opportunities and challenges for the industry.

According to the research report “Argentina Automotive Electronics Market Overview, 2029,"" published by Bonafide Research, the Argentina Automotive Electronics market is expected to reach a market size of more than 1.61 million from 2024 to 2029. The growth of the automotive electronics market in Argentina can be observed in several key areas, like a, one aspect of growth is evident in the continuous innovation and development of automotive electronic products. Advancements in areas such as advanced driver assistance systems (ADAS), telematics, infotainment systems, vehicle connectivity, and electric vehicle (EV) technology. Manufacturers are constantly introducing new features and functionalities to enhance vehicle performance, safety, and user experience. Consumers seek vehicles with advanced electronic features, the demand for automotive electronics increases. The automotive electronics market is also reflected in the increased adoption of electronic components and systems by automakers. Manufacturers are integrating more electronic features into their vehicles to meet consumer expectations, comply with regulatory requirements, and stay competitive in the market. Market is further propelled by investments and collaborations within the industry. Companies are investing in research and development to drive innovation and stay ahead of technological trends. Additionally, partnerships and collaborations between automakers, electronics manufacturers, and technology companies are fostering synergies and accelerating the development and deployment of new electronic solutions.
Define the segmentation in the Argentina automotive electronics market, which contains components like an electronic control unit, sensors, current-carrying devices, and others. ECUs are the brain of a vehicle's electronic system, responsible for controlling and managing various functions such as engine management, transmission control, braking systems, and more. Based on their specific function, such as Engine Control Units (ECUs), Transmission Control Units (TCUs), Body Control Modules (BCMs), and others. Sensors play a critical role in gathering data about the vehicle's surroundings and internal systems. For detecting obstacles (e.g., radar, LiDAR, ultrasonic sensors), monitoring vehicle dynamics (e.g., accelerometers, gyroscopes), measuring environmental parameters (e.g., temperature sensors, humidity sensors), and more. Components responsible for managing and distributing electrical power throughout the vehicle. HMI components facilitate interaction between the vehicle and the driver or passengers. Additional electronic components that contribute to the vehicle's functionality, connectivity, and user experience.

Define the segmentation in the Argentina automotive electronic market, which contains vehicle type like a passenger vehicles, and commercial vehicles. Passenger Vehicles, Sedans category includes traditional four-door passenger cars with varying sizes and features. SUVs (Sports Utility Vehicles), Ranging from compact to full-size, SUVs are popular for their versatility, offering ample space and often featuring advanced electronic systems for comfort, safety, and entertainment. Typically two-door vehicles, coupes prioritize style and performance, often incorporating advanced electronic features for a premium driving experience. Hatchbacks, Known for their practicality and efficient use of space, hatchbacks may include compact, mid-size, or full-size models, with electronic systems tailored to their specific characteristics. Convertibles vehicles feature retractable roofs, offering open-air driving experiences, and may include electronic components related to convertible top operation and climate control. Electric Vehicles (EVs) and Hybrid Vehicles As the market for electric and hybrid passenger vehicles grows, specialized electronic systems for battery management, regenerative braking, and electric propulsion become increasingly important. Commercial Vehicles, Trucks, Ranging from light-duty pickups to heavy-duty commercial trucks, this category includes vehicles designed for transporting goods, construction, and other commercial purposes. Electronic systems in trucks may focus on efficiency, safety, and fleet management. Vans, Designed for various commercial applications such as cargo transportation, passenger shuttling, and delivery services, vans incorporate electronic features tailored to their specific use cases, including GPS tracking, onboard diagnostics, and connectivity solutions. Buses, Whether used for public transportation, school transportation, or private charter services, buses require electronic systems for passenger comfort, safety, and fleet management, including features such as infotainment systems, surveillance cameras, and telematics solutions.
Define the segmentation in the Argentina automotive electronics market, which contains distribution channel like OEM, and aftermarket. OEM suppliers work closely with automakers to develop custom solutions that meet their specific requirements for performance, quality, and reliability. These suppliers often specialize in specific areas such as infotainment, ADAS, powertrain electronics, or chassis control systems. Aftermarket automotive electronics are sold through various retail channels, including brick-and-mortar stores, online retailers, and automotive specialty shops. Consumers can purchase aftermarket electronic components and accessories to upgrade or customize their vehicles after purchase. Installation centers provide services to customers who purchase aftermarket products and require professional installation.

Define the segmentation in the Argentina automotive electronics market, which contains application like an advanced driver assistance systems, safety systems, body electronics, entertainment, and powertrain. ADAS encompasses a range of electronic systems designed to assist drivers in the driving process and enhance vehicle safety. Safety systems focus on mitigating the risk of accidents and minimizing injuries to vehicle occupants. Body electronics encompass a wide range of electronic systems that control various vehicle functions related to comfort, convenience, and security. Entertainment systems provide occupants with audio, visual, and connectivity features for enhanced driving experiences. Powertrain electronics control and optimize the operation of the vehicle's engine, transmission, and drivetrain components.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Electronics market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Component
• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

By vehicle type
• Passenger Vehicles
• Commercial Vehicles

By distribution channel
• OEM
• Aftermarket

By Application
• Advanced Driver Assistance Systems
• Safety Systems
• Body Electronics
• Entertainment
• Powertrain

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Electronics industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.