Report Feature
Automotive Electronic Market Trends and Forecast
The future of the automotive electronic market looks promising with opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market. The global automotive electronic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are introduction of autonomous cars and increasing adoption of advanced safety systems, such as parking assistance systems, airbags, and lane departure systems.
The future of the automotive electronic market looks promising with opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market. The global automotive electronic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are introduction of autonomous cars and increasing adoption of advanced safety systems, such as parking assistance systems, airbags, and lane departure systems.
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Automotive Electronic Market by Segment
The study includes a forecast for the global automotive electronic market by component, application, distribution channel, and region, as follows:
Automotive Electronic Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Electronic Control Unit
- Sensors
- Current Carrying Devices
- Others
Automotive Electronic Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
Automotive Electronic Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
- OEM
- Aftermarket
Automotive Electronic Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Electronic 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 electronic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electronic companies profiled in this report include.
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 electronic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electronic companies profiled in this report include.
- Continental
- DENSO
- Hella GmbH
- Infineon Technologies
- Robert Bosch
- Valeo
- ZF Friedrichshafen
- Hitachi Automotive Systems
- Visteon Corporation
- Xilinx.
Automotive Electronic Market Insights
- Lucintel forecasts that current carrying devices will remain the largest segment over the forecast period due to increase in demand for advanced safety and comfort features in passenger cars as well as commercial vehicles.
- Within this market, safety systems are expected to remain the fastest growing segment due to increasing customer awareness about car safety features and increasing government regulations related to fuel efficiency and the safety of drivers as well as passengers.
- APAC will remain the largest region due to increase in automotive production and rise in investment towards autonomous driving of vehicles in smart grids.
Features of the Automotive Electronic Market
- Market Size Estimates: Automotive electronics market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Automotive electronics market size by various segments, such as by product type, technology, application, and region.
- Regional Analysis: Automotive electronics market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product type, technology, application, and regions for the automotive electronic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive electronic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive electronic market size?
Answer: The global automotive electronic market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for automotive electronic market?
Answer: The global automotive electronic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive electronic market?
Answer: The major drivers for this market are introduction of autonomous cars and increasing adoption of advanced safety systems, such as parking assistance systems, airbags, and lane departure systems.
Q4. What are the major segments for automotive electronic market?
Answer: The future of the automotive electronic market looks promising with opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market.
Q5. Who are the key automotive electronic companies?
Answer: Some of the key automotive electronic companies are as follows:
Q1. What is the automotive electronic market size?
Answer: The global automotive electronic market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for automotive electronic market?
Answer: The global automotive electronic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive electronic market?
Answer: The major drivers for this market are introduction of autonomous cars and increasing adoption of advanced safety systems, such as parking assistance systems, airbags, and lane departure systems.
Q4. What are the major segments for automotive electronic market?
Answer: The future of the automotive electronic market looks promising with opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market.
Q5. Who are the key automotive electronic companies?
Answer: Some of the key automotive electronic companies are as follows:
- Continental
- DENSO
- Hella GmbH
- Infineon Technologies
- Robert Bosch
- Valeo
- ZF Friedrichshafen
- Hitachi Automotive Systems
- Visteon Corporation
- Xilinx
Q6. Which automotive electronic segment will be the largest in future?
Answer: Lucintel forecasts that current carrying devices will remain the largest segment over the forecast period due to increase in demand for advanced safety and comfort features in passenger cars as well as commercial vehicles.
Q7. In automotive electronic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to increase in automotive production and rise in investment towards autonomous driving of vehicles in smart grids.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that current carrying devices will remain the largest segment over the forecast period due to increase in demand for advanced safety and comfort features in passenger cars as well as commercial vehicles.
Q7. In automotive electronic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to increase in automotive production and rise in investment towards autonomous driving of vehicles in smart grids.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Automotive Electronic Market
6.1.1 Growth Opportunities for the Global Automotive Electronic Market by Component
6.1.2 Growth Opportunities for the Global Automotive Electronic Market by Application
6.1.3 Growth Opportunities for the Global Automotive Electronic Market by Distribution Channel
6.1.4 Growth Opportunities for the Global Automotive Electronic Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the automotive electronic market by component (electric control unit, sensors, current carrying devices, and others), application (ADAS, infotainment, body electronics, safety systems, and powertrain electronics), distribution channel (OEM, and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • 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?
- • What M&A activity has occurred in the last five years and what has its impact been on the industry? For any questions related to automotive electronic market or related automotive electronic companies, automotive electronic market size, automotive electronic market share, automotive electronic analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
