Automobile Electronics Manufacturing in the US - Industry Market Research Report

Automobile Electronics Manufacturing in the US - Industry Market Research Report

Automobile Electronics Manufacturing in the US

The Automobile Electronics Manufacturing industry manufactures motor vehicle parts that have or operate with small components that control and direct an electric current. Companies include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems, and driver displays. Auto electronics manufacturers will experience a decline, with revenue falling at a CAGR of 3.4% to total an estimated $24.3 billion over the five years to 2023. Historically low interest rates during most of the period facilitated more accessible financing for big-ticket discretionary items like cars and trucks. New car purchases have remained volatile as COVID-19 and the associated economic downturn limit demand. Intense import competition threatens manufacturers, though demand for auto electronics benefits from electronic devices becoming more prevalent within vehicles. Rising interest rates and falling new car sales continue to lessen demand from automobile manufacturers, with revenue falling 0.2% in 2023 alone.

This industry manufactures motor vehicle parts that have or operate with the aid of small components that control and direct an electric current. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems and driver displays. Manufacturers of electric motors are excluded.

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.