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Automotive Electronics Market Growth Accelerates to Reach worth 415.73 Billion USD by Driving CAGR of 7.35% till 2030

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Automotive Electronics Market Growth Accelerates to Reach worth 415.73 Billion USD by Driving CAGR of 7.35% till 2030

May 17
08:50 2022
Automotive Electronics Market Growth Accelerates to Reach worth 415.73 Billion USD by Driving CAGR of 7.35% till 2030
Automotive Electronics Market
Automotive Electronics Market Global Trends and Developments by Type (ADAS, Body Electronics, Entertainment, Powertrain, Safety Systems, Others), Sales (OEM and Aftermarket), Application (PV, LCV, HCV, EV, 2-wheeler), Top Players and Region – Forecast till 2030

The global automotive electronics market share is projected to grow at a CAGR of 7.35% registering worth USD 415.73 Billion by 2030 from the USD 233.61 billion during the forecast period. As per the automotive electronics market research report, the global market for automotive electronics is projected to grow swiftly by 2030.

Automotive Electronics Market Overview

Demand for electric vehicles is presumed to drive the automotive electronics market growth worldwide. The global automotive electronics market could be challenged by stringent government regulations, nevertheless, organizations in the automotive electronics market will carry the growth rate forward. The growing concerns about safety along with concerns regarding protection of electronic systems are the elements that could influence the automotive electronics market advancement throughout the forecast period. The automotive electronics market research report by expert analysts is developed to assist organizations in the automotive electronics market.

Competitive Landscape

The automotive electronics market research report highlights such key areas assisting businesses operating in the automotive electronics market to build better growth strategies.

Top Companies Involved in this research are, Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Infineon Technologies AG (Germany), HGM Automotive Electronics (U.S.), Hitachi, Ltd. (Japan), Delta Electronics, Inc. (Taiwan). Atotech (Germany), ZF Friedrichshafen AG (U.S.), Denso Corporation (Japan) and Koninklijke Philips N.V. (Netherlands), Others.

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Industry News

Mando, one of the leading automotive parts firms, has signed an equity acquisition deal (SPA) between Korea’s Halla Holdings and HELLA to buy 100% of the equity of MHE. Established in 2008 and each holding a 50 percent stake in MHE, MHE is a co-entreprise between Halla Holding, Mando’s parents, and HELLA, German automotive parts provider. In conjunction with the SPA, Mando acquired the equity of Halla Holdings and HELLA at KRW 165 trillion, which accounted for 100%. The deal is scheduled to close within the first quarter of 2021, approved by each side.

Automotive Electronics Market Segmentation

The global automotive electronics market has been segmented based on application, region, sales channel, and type. On the basis of application, the market for automotive electronics is segmented based on electric vehicle, heavy commercial vehicle, light commercial vehicle, passenger cars, and two-wheeler. Additionally, the market on the basis of the sales channel, is segmented into OEM and aftermarket. The global market for automotive electronics is also covered based on type segment which is further split into advanced driver assistance systems, body electronics, entertainment, powertrain, safety systems, and others.

Major elements such as concerns regarding damage as well as maintenance and replacement cost could obstruct the automotive electronics market growth. However, according to the automotive electronics market research report, increased level of autonomy along with a high focus on quality and security will propel growth throughout the forecast period. The automotive electronics market is set to register growth at a high CAGR owing to these key factors. The exploration of application, region, sales channel, and type segments along with regional markets has been given in the global automotive electronics market research report. The research analysts studying the automotive electronics market have put out market forecasts in the automotive electronics market research report in order to support automotive electronics market-based companies. The automotive electronics market research report provides an extensive understanding of the automotive electronics market based on the information and forecasts Period.

Regional Automotive Electronics Market Overview

North America, Europe, Asia Pacific and the rest of the world regional market for automotive electronics are predominantly covered in the global automotive electronics market research report. Country-level automotive electronics markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level automotive electronics markets are covered in the report. In Asia-Pacific (APAC) region, the country-level automotive electronics markets covered are Japan, India, China, and others. The automotive electronics market research report also explores the regional market for automotive electronics present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The automotive electronics market research report also covers regional markets from the rest of the world alongside automotive electronics markets of Africa and the Middle East.

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According to analysts, rising demand for cutting-edge infotainment systems as well as demand for fuel efficient vehicles will drive the market growth during the forecast period. The automotive electronics market research report offers a comprehensive analysis of the global automotive electronics market and its application, region, sales channel, and type segments.

Tables of Content:

5 GLOBAL AUTOMOTIVE ELECTRONICS MARKET, BY TYPE

5.1 INTRODUCTION

5.2 ADVANCED DRIVER ASSISTANCE SYSTEMS

5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.3 BODY ELECTRONICS

5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.4 ENTERTAINMENT

5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.5 POWERTRAIN

5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.6 SAFETY SYSTEMS

5.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.7 OTHERS

5.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.7.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6 GLOBAL AUTOMOTIVE ELECTRONICS MARKET, BY SALES CHANNEL

6.1 INTRODUCTION

6.2 OEM

6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.3 AFTERMARKET

6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7 GLOBAL AUTOMOTIVE ELECTRONICS MARKET, BY APPLICATION

7.1 INTRODUCTION

7.2 PASSENGER VEHICLE (PV)

7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

…Continued.

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