Automotive electronics market the size was estimated at $282.08 billion. in 2022 and total revenue is expected to grow by 7.30% from 2023 to 2029, reaching nearly $461.93 billion.
Automotive Electronics Market Overview:
Maximize the new Market Research report, Global Automotive Electronics Market 2021-2027, is useful to understand the market competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that can provide readers with vital business insights. The research provides a market overview explaining value chain structure, geographical analysis, applications, market size and forecast (2021-2027). The research will serve as a tool for a more accurate assessment of the current and future conditions of the worldwide automotive electronics market.
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Market scope:
The research provides an analytical view of the business by studying several elements such as worldwide Automotive Electronics market growth, consumption volume, market trends, and company price structures throughout the forecast period. The analysis involves extensive research to explore the complexities of the market. The research provides an overview of the worldwide automotive electronics market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographic landscape. The study considers the growth drivers, current trends, advancements, prospects and competitive environment in its research. This market has been examined in several areas based on productivity and production base.
Dynamics:
With the increasing use of hybrid electric vehicles (HEVs) and electric cars (EVs), the need for automotive electronics is expected to increase. Using electronic switches instead of relays and replacing mechanical systems with electronic components are two other ways that electronics can be used to address the wide range of requirements of the automotive industry, while also improving reliability and reducing the complexity of wire harnesses.
Modern vehicle safety technology and government regulations aimed at reducing automobile accidents are anticipated to drive market expansion during the forecast period. In-car infotainment systems have improved comfort, economy, and convenience, which has led to an increased need for in-vehicle storage devices to support complex in-vehicle activities.
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Segmentation:
from the Component
• Electronic control unit
• Sensors
• Current carrying devices
• Others
by Application
• ADAS
• Infotainment
• Body Electronics
• Security Systems
• Power electronics
from the Sales Channel
• OEM
• Aftermarket
Key players:
Then it discusses in detail the top competitors in the global automotive electronics market, as well as the emerging players, including market share based on revenue, demand, high-quality product manufacturers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, value chain, price structure and industrial supply chain. The following players are featured in this report:
• Robert Bosch
• Renesas Electronics Corporation
• Infineon Technologies AG
• STMicroelectronics NV
• Texas Instruments
• NXP Semiconductors NV
• Continental AG
• NVIDIA Corporation
• Hitachi Ltd.
• Aptiv PLC.
• DENSO Corporation
• Hella GmbH & Co. KGaA
• Visteon Corporation
• Xilinx, Inc.
• ZF Friedrichshafen AG
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Regional analysis:
The report has analyzed the global automotive electronics market in the following regions:
- North America (United States, Canada and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy and rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina, Colombia and the rest of South America)
- Africa and the Middle East (Saudi Arabia, United Arab Emirates, Egypt, South Africa and the rest of the Middle East and Africa)
The research provides comprehensive insights into the numerous development opportunities and challenges in the above-mentioned regions based on various commodity types, applications, end-users, and countries, among others. The research also includes key features of the worldwide Automotive Electronics market such as sales growth, pricing and product analysis, growth potential, and suggestions for handling market issues in the given regions.
Analysis of the impact of COVID-19 on the automotive electronics market:
COVID-19 is an unprecedented worldwide public health emergency that has affected virtually every business, and the long-term impacts are expected to impact industry growth throughout the projection period. Our ongoing study expands our research methodology to include underlying concerns of COVID-19 and potential next steps. The research provides insights into COVID-19 by considering changes in consumer behavior and demand, purchasing patterns, supply chain rerouting, the dynamics of contemporary market forces and key government initiatives. The revised report contains insights, analysis, projections and forecasts based on the impact of COVID-19 on the market.
The key questions answered in the Automotive Electronics Market Report are:
- Who are the leading companies in the automotive electronics market?
- What is the market potential for automotive electronics market region-wise?
- Which application area of the Automotive Electronics Market is expected to grow at a significant market rate in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the size of the Automotive Electronics market by 2027?
- What are the growth prospects for the automotive electronics market?
- What is the base year considered in the Automotive Electronics Market report?
- Which region holds the largest market share in the automotive electronics market?
- What Factors Are Expected To Drive The Automotive Electronics Market?
