Automotive Electronics Market Report 2023-2028: Top Companies Overview, Business Growth, Opportunity and Forecast
According to the latest report by IMARC Group, titled “Automotive
Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028”, the global automotive electronics market size
reached US$ 301.2 Billion in 2022. Looking forward, IMARC Group expects the
market to reach US$ 452.0 Billion by 2028, exhibiting a
growth rate (CAGR) of 7.4% during 2023-2028. Automotive
electronics refer to electronic-operated systems that are generally equipped in
automobiles. They are specially designed electronics intended for on- and
off-road vehicle utilization, considered essential components in automotive
architecture. Automotive electronics comprise light commercial, passenger, and
heavy commercial vehicles. In addition, they are mainly used in the functioning
of electronic fuel injection, driver assistance, and infotainment system to
improve the efficiency of the vehicle. Automotive electronics also comprise
satellite-controlled devices for traffic surveillance and diagnostic tools to
ensure optimum fuel utilization and maintain engine health. Consequently, it
finds extensive applications across the globe.
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Industry Growth:
The rising technological innovations in the automotive sector are
primarily augmenting the automotive electronics market. Furthermore, the
introduction of autonomous or driverless cars that offer a self-driven
experience to the customer and the launch of cost-efficient electric vehicles
with enhanced features are positively influencing the global market. Apart from
this, the shifting individual preferences toward hybrid and luxury vehicles
equipped with in-vehicle entertainment devices offering a more sophisticated
and interactive user experience are acting as significant growth-inducing
factors. Moreover, the widespread adoption of numerous advanced computing
technologies, including parking assistance, electrical suspensions, braking and
steering systems, to reduce accidents and fatalities, is significantly
increasing their demand among manufacturers and consumers, which is also
bolstering the market growth. Besides this, several product innovations, such
as active-window displays, remote vehicle shutdown, exhaust emission control,
and reconfigurable body panels, are further catalyzing the global market.
Additionally, the inflating disposable income levels of the masses, the
escalating demand for in-car infotainment systems, and extensive R&D
activities conducted by key players are expected to drive the automotive
electronics market in the coming years.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- OMRON
CORP(OMRNY)
- Robert Bosch
GmbH
- Infineon
Technologies AG
- HGM Automotive
Electronics
- Hitachi, Ltd.
- Delta
Electronics, Inc.
- Atotech
Deutschland GmbH
- TRW Automotive
- Continental AG
- Bosch Group
- Altera
Corporation
- Lear Corporation
- Aptiv
- Texas
Instruments
- Atmel
Corporation
- Altera
Corporation
- Denso
Corporation
Also, Read Top Automotive Electronics Companies worldwide:
Breakup by Component:
- Electronic
Control Unit
- Sensors
- Current Carrying
Devices
- Others
Breakup by Vehicle Type:
- Light Commercial
Vehicles
- Passenger
Vehicles
- Heavy Commercial
Vehicles
- Others
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Application:
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain
Breakup by Region:
- North America
(United States, Canada)
- Europe (Germany,
France, United Kingdom, Italy, Spain, Others)
- Asia Pacific
(China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America
(Brazil, Mexico, Others)
- Middle East and
Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market
Performance
- Market
Outlook
- Porter’s Five
Forces Analysis
- Market Drivers
and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive
Mapping of the Competitive Landscape
NOTE: If you need specific information that is not currently
within the scope of the report, we can provide it to you as a part of the
customization.
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