Global Automotive Electronic Components Market Growth (Status and Outlook) 2023-2029

Global Automotive Electronic Components Market Growth (Status and Outlook) 2023-2029

An electronic component is a basic element in an electronic circuit, usually individually packaged, with two or more leads or metal contacts.Electronic components must be connected to each other to form an electronic circuit with a specific function, such as an amplifier, a radio receiver, an oscillator, etc. One of the common ways of connecting electronic components is to weld them to a printed circuit board.Electronic components may be individual packages (resistors, capacitors, inductors, transistors, diodes, etc.) or groups of varying complexity such as integrated circuits (operational amplifiers, exclusion, logic gates, etc.).With electric cars, in recent years made car, new technology and new applications such as automated driving moved close to the auto industry to the micro control unit, sensor and memory automotive electronic equipment such as a surge in demand, semiconductor manufacturers in the automotive industry began to play a more and more important role in the supply chain, experts predict automotive electronic components industry development opportunities are emerging.
Automotive electronics are mainly used in power control system, vehicle-mounted information and entertainment system, vehicle safety control system and vehicle body electronic system, etc. In order to improve the driving experience, the rate of vehicle electronization has been increasing.
LPI (LP Information)' newest research report, the “Automotive Electronic Components Industry Forecast” looks at past sales and reviews total world Automotive Electronic Components sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Electronic Components sales for 2023 through 2029. With Automotive Electronic Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Electronic Components industry.
This Insight Report provides a comprehensive analysis of the global Automotive Electronic Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Electronic Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Electronic Components market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Electronic Components and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Electronic Components.
The global Automotive Electronic Components market size is projected to grow from US$ 47990 million in 2022 to US$ 72240 million in 2029; it is expected to grow at a CAGR of 6.0% from 2023 to 2029.
Global Automotive Electronic Components key players include NXP, Infineon, Renesas, Texas Instruments, etc. Global top four manufacturers hold a share over 30%.
Europe is the largest market, with a share over 25%, followed by China, and North America, both have a share over 45 percent.
In terms of product, Active Components is the largest segment, with a share about 90%. And in terms of application, the largest application is Engine System, followed by Driving and Safety Systems, Entertainment System, Body System, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Electronic Components market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Active Components
Passive Components
Segmentation by application
Engine System
Driving and Safety Systems
Body System
Entertainment System
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP
Infineon
Renesas
Texas Instruments
STMicroelectronics
Bosch
ON Semiconductor
ROHM Semiconductor
Analog Devices
Toshiba
NVIDIA
Littelfuse, Inc
Intel

Please note: The report will take approximately 2 business days to prepare and deliver.