Automobile Electronics Manufacturing in Canada - Industry Market Research Report

Automobile Electronics Manufacturing in Canada - Industry Market Research Report

Automobile Electronics Manufacturing in Canada

Over the five years to 2023, slight growth in the Automobile Electronics Manufacturing industry in Canada is expected to be fueled by temporary factors, chiefly strong trade prospects. Despite a decline in vehicle production, the growing popularity of industry products have supported company performance. Disruptions due to the pandemic caused a large drop in revenue, though partial recovery is expected to have occurred. Reflecting these developments, industry revenue has been declining at a CAGR of 2.6% over the past five years, and is expected to total $2.2 billion in 2023. Growth of 1.6% is expected over the current year.

The Automobile Electronics Manufacturing industry in Canada is primarily engaged in manufacturing and rebuilding electrical and electronic equipment for motor vehicles and internal combustion engines. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems, driver displays and other electrical and electronic equipment. Manufacturers of electric motors are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.