Global Automotive Electronics Market Size, Trends and Insights By Component (Electronic Control Unit, Sensors, Current Carrying Devices, Others), By Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain Electronics), By Sales Channel (OEM, Aftermarket), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Continental Corporation
- Robert Bosch GmbH
- Autoliv Inc.
- Samsung
- Delphi Technologies
- Others
Reports Description
As per the current market research conducted by CMI Market Research Team, the global Automotive Electronics Market is expected to record a CAGR of 8.7% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 244.95 Billion. By 2032, the valuation is anticipated to reach USD 468.78 Billion.
The automotive electronics market refers to the production and sale of electronic components and systems used in automobiles. These electronic components include sensors, control units, infotainment systems, and power electronics, among others.
The market also includes the development of software and algorithms for advanced driver-assistance systems (ADAS), connected car technologies, and electric vehicles. Automotive electronics play a vital role in ensuring vehicle safety, efficiency, and comfort. With the increasing demand for smart and connected vehicles, the automotive electronics market is expected to grow significantly in the coming years.
Automotive Electronics Market – Significant Growth Factors
Some significant growth trends in the automotive electronics market are:
- Growing demand for connected and autonomous vehicles: With the increasing need for safety and convenience, the demand for connected and autonomous vehicles is on the rise. Automotive electronics, such as advanced driver-assistance systems (ADAS), radar and lidar sensors, and camera systems, are essential components for achieving autonomy and connectivity.
- Rising adoption of electric vehicles: The global shift towards sustainable and eco-friendly transportation is driving the demand for electric vehicles. Automotive electronics, such as battery management systems (BMS), power electronics, and electric vehicle charging solutions, are critical components for the efficient operation of electric vehicles.
- Increasing integration of infotainment systems: The integration of infotainment systems with other automotive electronics, such as ADAS and connectivity systems, is becoming increasingly popular. This integration provides a seamless and connected experience for drivers and passengers, enhancing the overall driving experience.
- Advancements in technology: With continuous advancements in technology, automotive electronics are becoming more sophisticated and capable of performing advanced functions. This trend is expected to continue as the market demands more advanced and intelligent automotive electronics solutions.
- Growing demand for in-vehicle safety systems: Automotive electronics, such as ADAS and other safety systems, are becoming more prevalent as vehicle safety becomes a top priority for consumers. This trend is expected to continue, with more advanced safety features being incorporated into vehicles in the future.
Automotive Electronics Market – Mergers and Acquisitions
Here are some recent mergers and acquisitions in the automotive electronics market:
Samsung’s acquisition of Harman International: In 2017, Samsung acquired Harman International Industries for $8 billion, to enhance its position in the automotive electronics market. Harman is a leading provider of connected car solutions, including infotainment systems, telematics, and cybersecurity.
Qualcomm’s acquisition of NXP Semiconductors: In 2018, Qualcomm completed its acquisition of NXP Semiconductors for $44 billion, creating a leading provider of semiconductor solutions for the automotive industry. NXP is a major supplier of automotive electronics, including advanced driver-assistance systems (ADAS), vehicle-to-everything (V2X) communication, and secure vehicle networking.
Aptiv’s acquisition of Winchester Interconnect: In 2019, Aptiv acquired Winchester Interconnect, a provider of high-performance interconnect solutions for harsh environments, including the automotive industry. This acquisition expanded Aptiv’s product portfolio in the automotive electronics market, particularly in the areas of electrical distribution systems and signal integrity solutions.
Magna International’s acquisition of Veoneer: In 2021, Magna International completed its acquisition of Veoneer, a leading supplier of automotive safety electronics, for $3.8 billion. The acquisition strengthened Magna’s position in the automotive electronics market, particularly in the areas of advanced driver-assistance systems (ADAS) and autonomous driving technology.
KKR’s acquisition of Magneti Marelli: In 2019, KKR completed its acquisition of Magneti Marelli, a major supplier of automotive electronics and lighting systems, for $7.2 billion. This acquisition created a leading independent automotive components supplier, with a strong presence in the automotive electronics market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Automotive Electronics Market | Advanced Driver Assistance Systems (ADAS) Market | Shift-by-Wire System Market |
| CAGR 8.7% (Approx) | CAGR 18.2%
(Approx) |
CAGR 22.5 %
(Approx) |
| US$ 468.78 Billion by 2032 | USD 81.17 Billion by 2032 | USD 2145.7 Billion by 2032 |
Automotive Electronics Market – Significant Threats
Some significant threats to the automotive electronics market include:
- Cybersecurity risks: As vehicles become increasingly connected and reliant on electronics, they also become more vulnerable to cyber-attacks. Cybersecurity threats can potentially compromise the safety and functionality of automotive electronics systems.
- Disruption from new entrants: New entrants, particularly those from the technology sector, are disrupting the traditional automotive supply chain. Companies like Tesla and Google are developing their own automotive electronics systems, which could potentially challenge traditional suppliers.
- Shortage of skilled labor: The automotive electronics industry requires skilled engineers and technicians to design and maintain complex systems. However, there is a shortage of skilled labor in the industry, which could potentially limit growth and innovation.
- Cost pressures: The automotive industry is under significant cost pressures, particularly with the rise of electric and autonomous vehicles. Electronics make up a significant portion of the cost of these vehicles, which could potentially limit adoption and growth.
- Changing regulations: The automotive industry is subject to changing regulations around emissions, safety, and data privacy. These regulations can impact the design and functionality of automotive electronics systems, and suppliers must remain agile and adaptable to stay competitive.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 263.23 Billion |
| Projected Market Size in 2032 | USD 468.78 Billion |
| Market Size in 2022 | USD 244.95 Billion |
| CAGR Growth Rate | 8.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Component, Application, Sales Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
Component Insights:
In 2022, the current carrying devices segment held the largest revenue share, accounting for approximately 42% of the market. This segment includes electronic switches, fuses, connectors, and wiring harnesses, all of which are crucial components in vehicles.
The high cost of these components, coupled with the increasing demand for connection, convenience, and safety features in both passenger and commercial vehicles, has contributed to the significant market share of current-carrying devices. As a result, this segment is expected to continue its growth trajectory.
Application Insights:
In 2022, the safety systems segment held the largest revenue share of approximately 29% in the automotive electronics market. This segment includes components like airbags, keyless entry systems, electric power steering, electronic brake distribution, tire pressure monitoring systems, electronic stability control, and suspension control.
The market’s significant growth can be attributed to the increasing consumer awareness of technological advancements affecting safety equipment in vehicles. As a result, the safety systems segment is expected to continue its upward trajectory in the coming years.
Sales Channel Insights:
In 2022, the OEM segment held the largest share of approximately 67% in the global automotive electronics market. The dominance of the OEM segment was due to the extended lifespan and durability of electronic components.
As electronic components form a crucial part of vehicles, consumers opt for purchasing them from OEMs to acquire authentic parts. Moreover, with the growing complexity in the design of these electronic components, the aftermarket electronic components are expected to hold a lower revenue share during the forecast period.
Automotive Electronics Market – Regional Analysis
In 2022, the Asia Pacific automotive electronics industry held the highest revenue share of 42.5%, and it is expected to maintain its dominance over the forecast period with a CAGR of more than 10.0%.
The market growth is largely attributable to countries such as Taiwan, South Korea, Malaysia, and Thailand, where electronic component manufacturing activities have flourished and contributed significantly to the market’s expansion.
North America and Europe are also significant automotive electronics markets, driven by the presence of leading automobile manufacturers and high consumer demand for technologically advanced vehicles.
The Middle East and Africa and Latin America are also expected to witness substantial growth, driven by an increase in vehicle production and rising consumer disposable income. However, the market growth may be hindered by the lack of proper infrastructure and regulatory framework in these regions.
Competitive Landscape – Automotive Electronics Market
In 2022, the global automotive electronics industry was dominated by key players such as
- Continental Corporation
- Robert Bosch GmbH
- Autoliv Inc.
- Samsung
- Delphi Technologies
- Denso Corporation,
- ZF Friedrichshafen AG.
- Others
These companies are primarily focused on offering technologically advanced products to enhance their product portfolio. To expand their market presence, these companies are undertaking strategic initiatives such as regional expansions, acquisitions, mergers, partnerships, and collaborations.
The automotive electronics industry primarily focuses on organic growth as its key strategy, which involves launching new and innovative products to expand its offerings. For instance, in December 2022, the Chinese government signed an investment agreement with the global technology company, ZF Group, to construct a highly automated and intelligent factory in Guangzhou that will manufacture advanced driver assistance products and new electronics.
This move is expected to increase China’s production capacity in fields like brake electronics, sensors, and autonomous driving, among others.
The Automotive Electronics Market is segmented as follows:
Component Outlook
- Electronic Control Unit
- Sensors
- Current Carrying Devices
- Others
Application
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
Sales Channel
- OEM
- Aftermarket
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Automotive Electronics Market, (2024 – 2033) (USD Billion)
- 2.2 Global Automotive Electronics Market : snapshot
- Chapter 3. Global Automotive Electronics Market – Industry Analysis
- 3.1 Automotive Electronics Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing demand for connected and autonomous vehicles
- 3.2.2 Rising adoption of electric vehicles
- 3.2.3 Increasing integration of infotainment systems
- 3.2.4 Growing demand for in-vehicle safety systems.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Sales
- Chapter 4. Global Automotive Electronics Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Automotive Electronics Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Automotive Electronics Market – Component Analysis
- 5.1 Global Automotive Electronics Market overview: By Component
- 5.1.1 Global Automotive Electronics Market share, By Component, 2022 and – 2033
- 5.2 Electronic Control Unit
- 5.2.1 Global Automotive Electronics Market by Electronic Control Unit, 2024 – 2033 (USD Billion)
- 5.3 Sensors
- 5.3.1 Global Automotive Electronics Market by Sensors, 2024 – 2033 (USD Billion)
- 5.4 Current Carrying Devices
- 5.4.1 Global Automotive Electronics Market by Current Carrying Devices, 2024 – 2033 (USD Billion)
- 5.5 Others
- 5.5.1 Global Automotive Electronics Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Automotive Electronics Market overview: By Component
- Chapter 6. Global Automotive Electronics Market – Application Analysis
- 6.1 Global Automotive Electronics Market overview: By Application
- 6.1.1 Global Automotive Electronics Market share, By Application, 2022 and – 2033
- 6.2 ADAS
- 6.2.1 Global Automotive Electronics Market by ADAS, 2024 – 2033 (USD Billion)
- 6.3 Infotainment
- 6.3.1 Global Automotive Electronics Market by Infotainment, 2024 – 2033 (USD Billion)
- 6.4 Body Electronics
- 6.4.1 Global Automotive Electronics Market by Body Electronics, 2024 – 2033 (USD Billion)
- 6.5 Safety Systems
- 6.5.1 Global Automotive Electronics Market by Safety Systems, 2024 – 2033 (USD Billion)
- 6.6 Powertrain Electronics
- 6.6.1 Global Automotive Electronics Market by Powertrain Electronics, 2024 – 2033 (USD Billion)
- 6.1 Global Automotive Electronics Market overview: By Application
- Chapter 7. Global Automotive Electronics Market – Sales Analysis
- 7.1 Global Automotive Electronics Market overview: By Sales
- 7.1.1 Global Automotive Electronics Market share, By Sales, 2022 and – 2033
- 7.2 OEM
- 7.2.1 Global Automotive Electronics Market by OEM, 2024 – 2033 (USD Billion)
- 7.3 Aftermarket
- 7.3.1 Global Automotive Electronics Market by Aftermarket, 2024 – 2033 (USD Billion)
- 7.1 Global Automotive Electronics Market overview: By Sales
- Chapter 8. Automobile Electronics Market – Regional Analysis
- 8.1 Global Automobile Electronics Market Regional Overview
- 8.2 Global Automobile Electronics Market Share, by Region, 2022 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Automobile Electronics Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.4 North America Automobile Electronics Market, by Component, 2024 – 2033
- 8.4.1 North America Automobile Electronics Market, by Component, 2024 – 2033 (USD Billion)
- 8.5 North America Automobile Electronics Market, by Application, 2024 – 2033
- 8.5.1 North America Automobile Electronics Market, by Application, 2024 – 2033 (USD Billion)
- 8.6 North America Automobile Electronics Market, by Sales, 2024 – 2033
- 8.6.1 North America Automobile Electronics Market, by Sales, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Automobile Electronics Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Automobile Electronics Market, by Component, 2024 – 2033
- 8.8.1 Europe Automobile Electronics Market, by Component, 2024 – 2033 (USD Billion)
- 8.9 Europe Automobile Electronics Market, by Application, 2024 – 2033
- 8.9.1 Europe Automobile Electronics Market, by Application, 2024 – 2033 (USD Billion)
- 8.10 Europe Automobile Electronics Market, by Sales, 2024 – 2033
- 8.10.1 Europe Automobile Electronics Market, by Sales, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Automobile Electronics Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Automobile Electronics Market, by Component, 2024 – 2033
- 8.12.1 Asia Pacific Automobile Electronics Market, by Component, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Automobile Electronics Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Automobile Electronics Market, by Application, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Automobile Electronics Market, by Sales, 2024 – 2033
- 8.14.1 Asia Pacific Automobile Electronics Market, by Sales, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Automobile Electronics Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Automobile Electronics Market, by Component, 2024 – 2033
- 8.16.1 Latin America Automobile Electronics Market, by Component, 2024 – 2033 (USD Billion)
- 8.17 Latin America Automobile Electronics Market, by Application, 2024 – 2033
- 8.17.1 Latin America Automobile Electronics Market, by Application, 2024 – 2033 (USD Billion)
- 8.18 Latin America Automobile Electronics Market, by Sales, 2024 – 2033
- 8.18.1 Latin America Automobile Electronics Market, by Sales, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Automobile Electronics Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Automobile Electronics Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Automobile Electronics Market, by Component, 2024 – 2033
- 8.20.1 The Middle-East and Africa Automobile Electronics Market, by Component, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Automobile Electronics Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Automobile Electronics Market, by Application, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Automobile Electronics Market, by Sales, 2024 – 2033
- 8.22.1 The Middle-East and Africa Automobile Electronics Market, by Sales, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Robert Bosch GmbH
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Continental AG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Denso Corporation
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Panasonic Corporation
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Aptiv PLC
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Infineon Technologies AG
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Texas Instruments Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 STMicroelectronics N.V.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 NXP Semiconductors N.V.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Valeo S.A.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Others.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.1 Robert Bosch GmbH
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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FAQs
“Asia Pacific” region will lead the global Automotive Electronics market during the forecast period 2023 to 2032.
The key factors driving the market are Growing demand for connected and autonomous vehicles, Rising adoption of electric vehicles, Increasing integration of infotainment systems and Growing demand for in-vehicle safety systems.
The key players operating in the Automotive Electronics market are Robert Bosch GmbH, Continental AG, Denso Corporation, Panasonic Corporation, Aptiv PLC, Infineon Technologies AG, Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V., Valeo S.A., Others.
The global Automotive Electronics market is expanding growth with a CAGR of approximately 8.5% during the forecast period (2023 to 2032).
The global Automotive Electronics market size was valued at USD 266,020.06 Million in 2022 and it is projected to reach around USD 558,962.64 Million by 2032.