Automotive Electronics Market Size, Trends, Analysis, and Outlook by Type (Electronic Control Unit, Sensors, Current Carrying Devices, Others), Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics), Vehicle (Two-Wheele

Automotive Electronics Market Size, Trends, Analysis, and Outlook by Type (Electronic Control Unit, Sensors, Current Carrying Devices, Others), Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics), Vehicle (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Propulsion (ICE, Electric), Sales Channel (OEM, Aftermarket), by Country, Segment, and Companies, 2024-2030

The global Automotive Electronics market size is poised to register 7.4% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Automotive Electronics market by Type (Electronic Control Unit, Sensors, Current Carrying Devices, Others), Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics), Vehicle (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Propulsion (ICE, Electric), Sales Channel (OEM, Aftermarket).

The Automotive Electronics Market is on the verge of transformative growth and innovation, driven by a convergence of technological advancements, regulatory mandates, and shifting consumer preferences. With vehicles evolving into highly sophisticated digital platforms, there's a growing demand for advanced electronic components and systems that enable connectivity, safety, and autonomy. Trends such as the rise of electric and autonomous vehicles, the proliferation of in-vehicle infotainment systems, and the integration of advanced driver-assistance systems (ADAS) are reshaping the requirements for automotive electronics, driving the need for solutions that offer enhanced functionality, reliability, and cybersecurity. In addition, as governments worldwide implement stricter emissions regulations and safety standards, there's an increasing emphasis on electronics solutions that facilitate compliance, emissions control, and energy efficiency. Further, as consumers seek personalized and immersive in-car experiences, there's a rising demand for electronics technologies that enable seamless integration with smartphones, wearables, and smart home devices. With automotive OEMs and electronics suppliers focusing on innovation and differentiation, coupled with the industry's move toward electrification, connectivity, and autonomy, the Automotive Electronics Market is poised for sustained growth and advancement, shaping the future of automotive technology and mobility experiences..

Automotive Electronics Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Automotive Electronics market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Automotive Electronics survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Automotive Electronics industry.

Key market trends defining the global Automotive Electronics demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Automotive Electronics Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Automotive Electronics industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Automotive Electronics companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Automotive Electronics industry

Leading Automotive Electronics companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Automotive Electronics companies.

Automotive Electronics Market Study- Strategic Analysis Review

The Automotive Electronics market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Automotive Electronics Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Automotive Electronics industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Automotive Electronics Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Automotive Electronics Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Automotive Electronics market segments. Similarly, Strong end-user demand is encouraging Canadian Automotive Electronics companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Automotive Electronics market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Automotive Electronics Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Automotive Electronics industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Automotive Electronics market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Automotive Electronics Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Automotive Electronics in Asia Pacific. In particular, China, India, and South East Asian Automotive Electronics markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Automotive Electronics Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Automotive Electronics Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Automotive Electronics market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Automotive Electronics.

Automotive Electronics Market Company Profiles

The global Automotive Electronics market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Continental AG, DENSO Corp, Hella GmbH & Co. KgaA, Hitachi Automotive Systems Ltd, Infineon Technologies AG, Robert Bosch GmbH, Valeo Inc, Visteon Corp, Xilinx Inc, ZF Friedrichshafen AG.

Recent Automotive Electronics Market Developments

The global Automotive Electronics market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Automotive Electronics Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

Type

Electronic Control Unit

Sensors

Current Carrying Devices

Others

Application

ADAS

Infotainment

Body Electronics

Safety Systems

Powertrain Electronics

Vehicle

Two-Wheeler

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

Propulsion

ICE

Electric

Sales Channel

OEM

Aftermarket

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Continental AG

DENSO Corp

Hella GmbH & Co. KgaA

Hitachi Automotive Systems Ltd

Infineon Technologies AG

Robert Bosch GmbH

Valeo Inc

Visteon Corp

Xilinx Inc

ZF Friedrichshafen AG.

Formats Available: Excel, PDF, and PPT