The Automotive Electronics Market was size at USD 230 Bn in 2022 and is been estimated to reach USD 355.6 Bn by 2030. The expected CAGR is 5.6% over the forecast period of 2023-2030.
Modern cars now depend more and more on automotive electronics, which offer vital features and functionalities. The performance of the engine, including fuel injection, ignition timing, and emission control, is managed by automotive electronic control units (ECUs). These devices enhance fuel economy while lowering pollution. Automatic and semi-automatic gearboxes are managed by electronic control modules that optimise gear shifting for both performance and fuel economy. Anti-lock braking systems (ABS), electronic stability control (ESC), traction control systems (TCS), and airbag deployment are just a few of the safety systems that are included in modern vehicles. These systems all depend on electronic components to work. Automotive infotainment systems offer communication, entertainment, and navigational services. These devices have speech recognition, touchscreens, GPS navigation, audio/video players, and smartphone integration (like Apple CarPlay and Android Auto). Adaptive cruise control, lane-keeping assistance, blind-spot monitoring, and parking assistance are just a few of the duties that drivers can receive help with using driver assistance systems, which employ sensors, cameras, and radar.
Systems that enable communication between the car and external networks are known as telematics. They are used for over-the-air software upgrades, remote car diagnostics, and the tracking of stolen vehicles. Digital instrument clusters provide drivers more information and customisation choices by replacing conventional analogue gauges with electronic displays. Electronic climate control systems handle the heating, ventilation, and air conditioning in cars and trucks, allowing for exact temperature and comfort management. LED and adaptive lighting systems that increase visibility and safety are part of the increasingly advanced automotive lighting systems.
Automobile electronics play a critical role in the management of batteries, regenerative brakes, electric motors, and charging systems in electric and hybrid vehicles. To connect and coordinate numerous electronic components, vehicles use a variety of communication networks (CAN, LIN, FlexRay, Ethernet).
Drivers
The need for the automotive electronic devices.
Communication between various electronic parts of a car is facilitated by the driver. They convert high-level software requests and directives into low-level signals and data that hardware elements can comprehend and respond to. For instance, a driver might translate a request for the audio system's volume from the vehicle's infotainment system. Drivers frequently contain code to enhance the functionality of the devices they control. This could entail controlling the amount of power used, making sure the data is accurate, and optimising how the hardware reacts to software directions.
Restrain
The high-cost constraints.
Opportunity
The rising technological advancement in the automotive industry.
Significant opportunities in automotive electronics are being created by the transition to electric and hybrid automobiles. This covers the creation of cutting-edge battery management systems, electric drivetrains, and infrastructure for charging. The advancement of self-driving automobiles is heavily dependent on sophisticated automotive electronics, such as sensors, computer vision, artificial intelligence, and control systems. For the sector, this indicates a substantial growth area. The need for advanced automotive electronics and communication systems is being driven by the need for linked vehicles, which provide features like in-car Wi-Fi, over-the-air upgrades, and improved navigation.
Challenges
The issues related to cybersecurity and the data management.
Russia and Ukraine are both important Application and component suppliers to the global auto industry. Critical commodities including steel, aluminium, and rare earth metals, which are necessary for the production of automobiles, could be disrupted by the conflict. Interruptions like this can cause shortages and price hikes. Oil and natural gas are key exports from Russia. Global energy prices may rise if Russian energy supplies are interrupted in any way. Automakers' profitability may be impacted by higher production costs due to rising energy prices. Currency exchange rates may fluctuate due to geopolitical unrest. The price of importing and exporting cars and their parts can be impacted by lower currencies like the Russian ruble and the Ukrainian hryvnia, which could have an influence on profit margins.
Impact of Recession:
Consumers frequently reduce their discretionary expenditure during recessions, which includes big-ticket items like cars. Low consumer confidence and high unemployment rates can both affect the selling of new cars. Instead of buying new cars, some people choose to fix and preserve their old ones. Automakers may need to cut output as demand for new vehicles drops, which could result in layoffs. This might result in industry-wide layoffs and furloughs, which would affect both manufacturing jobs and jobs in associated sectors like suppliers and dealerships. Automakers' finances may be put under pressure as a result of decreased sales. Lower revenues and profitability could impair their capacity to make investments in R&D or broaden their product offerings.
By Application
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
By Sales Channel
OEM
Aftermarket
By Component
Electronic Control Unit
Sensors
Current Carrying Devices
Others
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The United States in particular is a significant centre for automotive electronics in North America. The area is renowned for its cutting-edge research and development (R&D) in EVs, infotainment systems, and driverless vehicles. Leading companies like Tesla, General Motors, and Ford are advancing the development of electric vehicles.
Europe will be the region with the second largest share, the major factors which contribute to this are, Germany is a global leader in automotive electronics, with firms like Bosch, Continental, and Volkswagen Group setting the standard for advancements in connection, EV technology, and advanced driver assistance systems (ADAS). The development of electric vehicles and autonomous driving technologies has been greatly aided by Nordic nations like Sweden and Finland. Several businesses, like Volvo and NIO, are actively engaged in these fields.
The major key players are Continental AG, DENSO Corp, Hella GmbH, Infineon Technologies, Robert Bosch, Valeo, ZF Friedrichshafen, Hitachi Automotive Systems, Xilinx, Visteon and others.
DENSO Corp- The acquisition of Certhon group which is greenhouse provider in Netherlands, the objective is to take actions which will help the company to reduce the net zero emissions.
Valeo- Valeo and DiDi autonomous have strategically planned an investment for developing the safety solutions
| Report Attributes | Details |
| Market Size in 2022 | US$ 230 Bn |
| Market Size by 2030 | US$ 355.6 Bn |
| CAGR | CAGR of 5.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics) • By Sales Channel (OEM, Aftermarket), • By Component (Electronic Control Unit, Sensors, Current Carrying Devices, Others), |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Continental AG, DENSO Corp, Hella GmbH, Infineon Technologies, Robert Bosch, Valeo, ZF Friedrichshafen, Hitachi Automotive Systems, Xilinx, Visteon |
| Key Drivers | • The need for the automotive electronic devices. |
| Market Restraints | • The high-cost constraints. |
Ans: The Automotive Electronics Market is expected to grow at a CAGR of 5.6 %.
The Automotive Electronics Market was size at USD 230 Bn in 2022 and is been estimated to reach USD 384 Bn by 2030. The expected CAGR is 5.6% over the forecast period of 2023-2030.
The need for the automotive electronic devices.
Ans: The high-cost constraints.
Ans: North America overtook other regional markets as the largest market for Automotive Electronics, with the highest revenue share.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Automotive Electronics Market, By Application
8.1 ADAS
8.2 Infotainment
8.3 Body Electronics
8.4 Safety Systems
8.5 Powertrain Electronics
9. Automotive Electronics Market, By Sales Channel
9.1 OEM
9.2 Aftermarket
10. Automotive Electronics Market, By Component
10.1 Electronic Control Unit
10.2 Sensors
10.3 Current Carrying Devices
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Automotive Electronics Market by Country
11.2.2North America Automotive Electronics Market by Application
11.2.3 North America Automotive Electronics Market by Sales Channel
11.2.4 North America Automotive Electronics Market by Component
11.2.5 USA
11.2.5.1 USA Automotive Electronics Market by Application
11.2.5.2 USA Automotive Electronics Market by Sales Channel
11.2.5.3 USA Automotive Electronics Market by Component
11.2.6 Canada
11.2.6.1 Canada Automotive Electronics Market by Application
11.2.6.2 Canada Automotive Electronics Market by Sales Channel
11.2.6.3 Canada Automotive Electronics Market by Component
11.2.7 Mexico
11.2.7.1 Mexico Automotive Electronics Market by Application
11.2.7.2 Mexico Automotive Electronics Market by Sales Channel
11.2.7.3 Mexico Automotive Electronics Market by Component
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Automotive Electronics Market by country
11.3.1.2 Eastern Europe Automotive Electronics Market by Application
11.3.1.3 Eastern Europe Automotive Electronics Market by Sales Channel
11.3.1.4 Eastern Europe Automotive Electronics Market by Component
11.3.1.5 Poland
11.3.1.5.1 Poland Automotive Electronics Market by Application
11.3.1.5.2 Poland Automotive Electronics Market by Sales Channel
11.3.1.5.3 Poland Automotive Electronics Market by Component
11.3.1.6 Romania
11.3.1.6.1 Romania Automotive Electronics Market by Application
11.3.1.6.2 Romania Automotive Electronics Market by Sales Channel
11.3.1.6.4 Romania Automotive Electronics Market by Component
11.3.1.7 Turkey
11.3.1.7.1 Turkey Automotive Electronics Market by Application
11.3.1.7.2 Turkey Automotive Electronics Market by Sales Channel
11.3.1.7.3 Turkey Automotive Electronics Market by Component
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Automotive Electronics Market by Application
11.3.1.8.2 Rest of Eastern Europe Automotive Electronics Market by Sales Channel
11.3.1.8.3 Rest of Eastern Europe Automotive Electronics Market by Component
11.3.2 Western Europe
11.3.2.1 Western Europe Automotive Electronics Market by Country
11.3.2.2 Western Europe Automotive Electronics Market by Application
11.3.2.3 Western Europe Automotive Electronics Market by Sales Channel
11.3.2.4 Western Europe Automotive Electronics Market by Component
11.3.2.5 Germany
11.3.2.5.1 Germany Automotive Electronics Market by Application
11.3.2.5.2 Germany Automotive Electronics Market by Sales Channel
11.3.2.5.3 Germany Automotive Electronics Market by Component
11.3.2.6 France
11.3.2.6.1 France Automotive Electronics Market by Application
11.3.2.6.2 France Automotive Electronics Market by Sales Channel
11.3.2.6.3 France Automotive Electronics Market by Component
11.3.2.7 UK
11.3.2.7.1 UK Automotive Electronics Market by Application
11.3.2.7.2 UK Automotive Electronics Market by Sales Channel
11.3.2.7.3 UK Automotive Electronics Market by Component
11.3.2.8 Italy
11.3.2.8.1 Italy Automotive Electronics Market by Application
11.3.2.8.2 Italy Automotive Electronics Market by Sales Channel
11.3.2.8.3 Italy Automotive Electronics Market by Component
11.3.2.9 Spain
11.3.2.9.1 Spain Automotive Electronics Market by Application
11.3.2.9.2 Spain Automotive Electronics Market by Sales Channel
11.3.2.9.3 Spain Automotive Electronics Market by Component
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Automotive Electronics Market by Application
11.3.2.10.2 Netherlands Automotive Electronics Market by Sales Channel
11.3.2.10.3 Netherlands Automotive Electronics Market by Test Type
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Automotive Electronics Market by Application
11.3.2.11.2 Switzerland Automotive Electronics Market by Sales Channel
11.3.2.11.3 Switzerland Automotive Electronics Market by Component
11.3.2.1.12 Austria
11.3.2.12.1 Austria Automotive Electronics Market by Application
11.3.2.12.2 Austria Automotive Electronics Market by Sales Channel
11.3.2.12.3 Austria Automotive Electronics Market by Component
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Automotive Electronics Market by Application
11.3.2.13.2 Rest of Western Europe Automotive Electronics Market by Sales Channel
11.3.2.13.3 Rest of Western Europe Automotive Electronics Market by Component
11.4 Asia-Pacific
11.4.1 Asia-Pacific Automotive Electronics Market by country
11.4.2 Asia-Pacific Automotive Electronics Market by Application
11.4.3 Asia-Pacific Automotive Electronics Market by Sales Channel
11.4.4 Asia-Pacific Automotive Electronics Market by Component
11.4.5 China
11.4.5.1 China Automotive Electronics Market by Application
11.4.5.2 China Automotive Electronics Market by Component
11.4.5.3 China Automotive Electronics Market by Sales Channel
11.4.6 India
11.4.6.1 India Automotive Electronics Market by Application
11.4.6.2 India Automotive Electronics Market by Sales Channel
11.4.6.3 India Automotive Electronics Market by Component
11.4.7 Japan
11.4.7.1 Japan Automotive Electronics Market by Application
11.4.7.2 Japan Automotive Electronics Market by Sales Channel
11.4.7.3 Japan Automotive Electronics Market by Component
11.4.8 South Korea
11.4.8.1 South Korea Automotive Electronics Market by Application
11.4.8.2 South Korea Automotive Electronics Market by Sales Channel
11.4.8.3 South Korea Automotive Electronics Market by Component
11.4.9 Vietnam
11.4.9.1 Vietnam Automotive Electronics Market by Application
11.4.9.2 Vietnam Automotive Electronics Market by Sales Channel
11.4.9.3 Vietnam Automotive Electronics Market by Component
11.4.10 Singapore
11.4.10.1 Singapore Automotive Electronics Market by Application
11.4.10.2 Singapore Automotive Electronics Market by Sales Channel
11.4.10.3 Singapore Automotive Electronics Market by Component
11.4.11 Australia
11.4.11.1 Australia Automotive Electronics Market by Application
11.4.11.2 Australia Automotive Electronics Market by Sales Channel
11.4.11.3 Australia Automotive Electronics Market by Component
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Automotive Electronics Market by Application
11.4.12.2 Rest of Asia-Pacific Automotive Electronics Market by Sales Channel
11.4.12.3 Rest of Asia-Pacific Automotive Electronics Market by Component
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Automotive Electronics Market by country
11.5.1.2 Middle East Automotive Electronics Market by Application
11.5.1.3 Middle East Automotive Electronics Market by Sales Channel
11.5.1.4 Middle East Automotive Electronics Market by Component
11.5.1.5 UAE
11.5.1.5.1 UAE Automotive Electronics Market by Application
11.5.1.5.2 UAE Automotive Electronics Market by Sales Channel
11.5.1.5.3 UAE Automotive Electronics Market by Component
11.5.1.6 Egypt
11.5.1.6.1 Egypt Automotive Electronics Market by Application
11.5.1.6.2 Egypt Automotive Electronics Market by Sales Channel
11.5.1.6.3 Egypt Automotive Electronics Market by Component
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Automotive Electronics Market by Application
11.5.1.7.2 Saudi Arabia Automotive Electronics Market by Sales Channel
11.5.1.7.3 Saudi Arabia Automotive Electronics Market by Component
11.5.1.8 Qatar
11.5.1.8.1 Qatar Automotive Electronics Market by Application
11.5.1.8.2 Qatar Automotive Electronics Market by Sales Channel
11.5.1.8.3 Qatar Automotive Electronics Market by Component
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Automotive Electronics Market by Application
11.5.1.9.2 Rest of Middle East Automotive Electronics Market by Sales Channel
11.5.1.9.3 Rest of Middle East Automotive Electronics Market by Component
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Automotive Electronics Market by Application
11.5.2.3 Africa Automotive Electronics Market by Sales Channel
11.5.2.4 Africa Automotive Electronics Market by Component
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Automotive Electronics Market by Application
11.5.2.5.2 Nigeria Automotive Electronics Market by Sales Channel
11.5.2.5.3 Nigeria Automotive Electronics Market by Component
11.5.2.6 South Africa
11.5.2.6.1 South Africa Automotive Electronics Market by Application
11.5.2.6.2 South Africa Automotive Electronics Market by Sales Channel
11.5.2.6.3 South Africa Automotive Electronics Market by Component
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Automotive Electronics Market by Application
11.5.2.7.2 Rest of Africa Automotive Electronics Market by Sales Channel
11.5.2.7.3 Rest of Africa Automotive Electronics Market by Component
11.6 Latin America
11.6.1 Latin America Automotive Electronics Market by country
11.6.2 Latin America Automotive Electronics Market by Application Type
11.6.3 Latin America Automotive Electronics Market by Sales Channel
11.6.4 Latin America Automotive Electronics Market by Component
11.6.5 Brazil
11.6.5.1 Brazil America Automotive Electronics by Application Type
11.6.5.2 Brazil America Automotive Electronics by Sales Channel
11.6.5.3 Brazil America Automotive Electronics by Component
11.6.6 Argentina
11.6.6.1 Argentina America Automotive Electronics by Application Type
11.6.6.2 Argentina America Automotive Electronics by Sales Channel
11.6.6.3 Argentina America Automotive Electronics by Component
11.6.7 Colombia
11.6.7.1 Colombia America Automotive Electronics by Application Type
11.6.7.2 Colombia America Automotive Electronics by Sales Channel
11.6.7.3 Colombia America Automotive Electronics by Component
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Automotive Electronics by Application Type
11.6.8.2 Rest of Latin America Automotive Electronics by Sales Channel
11.6.8.3 Rest of Latin America Automotive Electronics by Component
12 Company profile
12.1 Continental AG
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 DENSO Corp
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Hella GmbH
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Infineon Technologies
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Robert Bosch
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Valeo
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 ZF Friedrichshafen
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Hitachi Automotive Systems
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Xilinx
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Visteon
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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