The latest report by IMARC Group, titled “Automotive Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the automotive electronics market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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.
Request for a free sample copy of this report: https://www.imarcgroup.com/automotive-electronics-market/requestsample
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.
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.
