Market Research Report
Automotive Electronics Market, by Component, by Sales Channel, by Vehicle Type, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
|Automotive Electronics Market, by Component, by Sales Channel, by Vehicle Type, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028|
Published: July 15, 2021
Coherent Market Insights
Content info: 120 Pages
Delivery time: 2-3 business days
Automotive electronics components are being installed in on-road and off-road vehicles such as passenger cars, commercial vehicles, tractors, and forklifts. Automotive electronic components are primarily used for the proper functioning of the electronic fuel injection system, anti-lock braking system (ABS), infotainment system, and automotive dashboard. In addition, automotive electronics components are also used in satellite-controlled devices that can be used for navigation and traffic surveillance, and in automotive vehicle diagnostic tool that is used to ensure maximum fuel utilization and maintain the health of automotive engine.
Rising adoption of the internet of things (IoT), artificial intelligence (AI) in automotive vehicles, increasing sales of automotive vehicles, rise in demand for the safety features in-vehicle, and infotainment system, is further expected to propel the demand for automotive electronics over the forecast period. For instance, according to Coherent Market Insights analysis, in the year 2019, approximately 1.4 million vehicles of at least level III autonomy were get sold globally, and it is estimated that by the year 2030, more than 57 million vehicles of level III autonomy will get sold globally.
However, the high initial cost of vehicle components such as infotainment systems and headlights, is expected to restrain the growth of the global automotive electronics market over the forecast period. In addition, low adoption of automotive electronics in several developing economies such as South Africa is further expected to hamper the growth of automotive electronics components.
This report segments the global automotive electronics market on the basis of component, sales channel, vehicle type, application, and region. On the basis of component, global automotive electronics market is segmented into relay, microcontroller, sensors, ECU, and others. On the basis of sales channel, the global automotive electronics market is segmented into OEM and aftermarket. On the basis of vehicle type, the global automotive electronics market is segmented into passenger vehicle, low commercial vehicle, and high commercial vehicle. On the basis of application, global automotive electronics market is segmented into ADAS, infotainment system, safety and alerting system, lightning and powertrain system, and others. On the basis of region, global automotive electronics market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.
Global Automotive Electronics Market, By Region:
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