Automotive Electronics Trends and Forecast
The future of the global automotive electronics market looks promising with opportunities in the body, chassis, powertrain, infotainment, and ADAS/AD markets. The global automotive electronics market is expected to reach an estimated $384.4 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are expanding the adoption and integration of cutting-edge safety features like automated airbags and parking assistance and usage of AI and IoT in cars, including automated driving vehicles .Automotive Electronics by Segment
The study includes a forecast for the global automotive electronics by type, vehicle type, propulsion, application, and region.Automotive Electronics Market by Type [Shipment Analysis by Value from 2018 to 2030]
- ECU/DCU
- Sensors
- Power Electronics
Automotive Electronics Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Passenger Cars
- Commercial Vehicles
Automotive Electronics Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]
- ICE
- Electric/Hybrid
Automotive Electronics Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Body
- Chassis
- Powertrain
- Infotainment
- ADAS/AD
- Others
Automotive Electronics Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Electronics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive electronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electronics companies profiled in this report include-- Robert Bosch
- Aptiv
- Hyundai Mobis
- Autoliv
- Aisin Seiki
Automotive Electronics Market Insights
The publisher forecasts that ECU/DCU is expected to witness the highest growth over the forecast period due to the growing demand for electric and hybrid vehicles.Within this market, powertrain will remain the largest segment due to its wide application in all types of powertrains, such as ice, electric vehicles, and hybrid vehicles.
APAC is expected to witness highest growth over the forecast period due to rising disposable incomes, urbanization, and infrastructure development, fuels the demand for automotive electronics in the region.
Features of the Global Automotive Electronics Market
- Market Size Estimates: Automotive electronics market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive electronics market size by various segments, such as by type, vehicle type, propulsion, application, and region in terms of value ($B).
- Regional Analysis: Automotive electronics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, propulsion, application, and regions for the automotive electronics market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive electronics market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive electronics market size?Answer: The global automotive electronics market is expected to reach an estimated $384.4 billion by 2030.
Q2. What is the growth forecast for automotive electronics market?
Answer: The global automotive electronics market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive electronics market?
Answer: The major drivers for this market are expanding the adoption and integration of cutting-edge safety features like automated airbags and parking assistance and usage of AI and IoT in cars, including automated driving vehicles .
Q4. What are the major segments for automotive electronics market?
Answer: The future of the automotive electronics market looks promising with opportunities in the body, chassis, powertrain, infotainment, and ADAS/AD markets.
Q5. Who are the key automotive electronics market companies?
Answer: Some of the key automotive electronics companies are as follows:
- Robert Bosch
- Aptiv
- Hyundai Mobis
- Autoliv
- Aisin Seiki
Answer: The publisher forecasts that ECU/DCU is expected to witness the highest growth over the forecast period due to the growing demand for electric and hybrid vehicles.
Q7. In automotive electronics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising disposable incomes, urbanization, and infrastructure development, fuels the demand for automotive electronics in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive electronics market by type (ECU/DCU, sensors, and power electronics), vehicle type (passenger cars and commercial vehicles), propulsion (ice and electric/hybrid), application (body, chassis, powertrain, infotainment, ADAS/AD, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Electronics Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Robert Bosch
- Aptiv
- Hyundai Mobis
- Autoliv
- Aisin Seiki
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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