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910437

Global Automotive Electronics Market - 2022-2029

Published: | DataM Intelligence | 195 Pages | Delivery time: 2 business days

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Global Automotive Electronics Market - 2022-2029
Published: July 31, 2022
DataM Intelligence
Content info: 195 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

Automotive electronics market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of 7.8% during the forecast period 2022-2029.

Automotive electronics are electronics created specifically for use in automobiles. Automotive electronics are rated to withstand more temperature extremes than commercial electronics because of the conditions they may be placed. Devices that bear the name "automotive electronics" are either intended for use in automotive applications or modified for use in automotive applications, in addition to having a particular temperature rating. Car computers, telematics and infotainment systems are some examples of semiconductor electronics.

Market Dynamics

The growing demand for connected cars, automated driving, electrification of the powertrain and shared mobility is a major market driver for the respective market. Nonetheless, complexities in developing and integrating automotive electronics restrain the market's growth.

Growing demand for connected cars, automated driving, electrification of the powertrain and shared mobility

The automobile industry is seeing advancements in connected cars, automated driving, electrification of the powertrain and shared mobility. The aforementioned factors collectively and significantly impact the automotive electronics value chain and all its participants. Additionally, they are important contributors to the automotive software and electrical and electronic components market, which is anticipated to increase from US$238 billion to US$469 billion between 2020 and 2030. The whole automotive market is predicted to increase at a compound rate of 3% over the same period, significantly outpacing the software and E/E market growth at this rate.

Furthermore, power electronics is anticipated to expand at a high end of the market, at a rate of 15% annually. The semiconductors and sensors segments are predicted to increase at a CAGR of 9% and 8%, respectively, thanks to autonomous driving. The industry's largest sector, which consists of electronic control units (ECUs) and domain control units (DCUs), will continue to occupy most of the market share, but growth in this area is predicted to be only 5 percent. Although ECUs and DCUs will be utilized more frequently in autonomous driving applications, price reductions from efficiency improvements will balance the segment's expansion.

Complexities in development and integration

Integrating numerous functionality on a single chip is becoming more popular in automotive electronics, leading to complex design. The respective factors underscore the industry's push for cutting-edge, cost-effective solutions that result in lower switching losses, smaller modules and higher power efficiency. However, these high-tech gadgets' high switching frequency presents a unique design challenge. The complicated design structure of control algorithms decreases the switching speed, which impacts the control structure's overall performance. Therefore, complexities in development and integration are a major market restraint.

COVID-19 Impact Analysis

Like any other market, the global automotive electronics market was negatively impacted by COVID-19's initial waves. Automotive electronics production has been hampered by the need for skilled labor, large-scale industrial reagents and heavy machinery for the industrial-scale synthesis of automotive electronics. Production was severely hampered during the pandemic by industry curfews and the need for social isolation. The COVID-19 pandemic's global lockdown also severely hampered the supply of raw materials needed to make automotive electronics and finished goods. The demand-supply dynamics of the automotive electronics market were severely impacted.

In order to protect the safety of their employees in Germany, Italy, France and Spain during the COVID-19 pandemic, major automotive electronics solution providers such as Continental and Bosch have announced the suspension of production due to the decreased demand, supply chain bottlenecks and other factors. Manufacturers have already modified production to avoid bottlenecks and schedule output in accordance with OEM and tier 1 manufacturer demand. However, the global automotive electronics market has grown incredibly since the restrictions were lifted. The anticipated growth of the automotive and tire industries in the post-COVID-19 environment further stimulates the market.

Segment Analysis

The global automotive electronics market is classified based on vehicle type, components, distribution channel, application and region.

The growing population and shifting customer preferences boost the demand for passenger vehicles

The passenger car industry significantly influences the automotive electronics market. The rising demand for safety features and fuel-efficient vehicle powertrain technology in developing economies is a driving force behind the dominance of passenger vehicles. Over the last, five to ten years, safety, comfort, entertainment and vehicle management features have been added to passenger cars due to elements including shifting consumer preferences for vehicles supported by governmental regulations. OEMs are also quite busy introducing new vehicle models and variants to satisfy consumer demand. Additionally, rising populations in emerging nations motivate OEMs to include particular features in new passenger vehicle models to distinguish one's item from others on the market. OEMs, Tier I and Tier II companies also aim to incorporate innovative features or technologies into mass-produced passenger vehicles. These are a few elements that contribute to the market domination of the passenger vehicle segment for automotive electronics.

Geographical Analysis

Increasing investments, presence of major players and development and utilization of advanced electronics in Asia-Pacific boost the region's automotive electronics market

Asia-Pacific accounts for the largest automotive market in the world. As per data, around 4,42,76,549 vehicles were produced in 2020. The number further raised to 4,67,32,785 in 2021. The production of passenger cars in Asia-Pacific increased from 3,58,22,949 in 2020 to 3,81,52,172 in 2021. Similarly the passenger cars sales in Asia-Pacific went from 3,22,10,364 in 2020 to3,45,20,682 in 2021. Asia-Pacific is the world's largest region, accounting for more than 55% of global industry value and 69% of total production volume. Increasing car ownership associated with an increased standard of living and disposable income is the major driver of the Asia-Pacific automotive electronics market growth.

One of the key factors driving the expansion of the global automotive electronics industry is the continued growing use and development of advanced electronics in South Korea, China and Japan. The governments of these nations have taken various actions to entice major OEMs to enter their domestic markets as a result of realizing the automotive industry's growth potential. Many European and American automakers, including General Motors, Volkswagen and Mercedes Benz, have relocated their manufacturing facilities to emerging nations. Additionally, the area is home to top semiconductor vendors. The Asia-Pacific is the largest regional market for automotive electronics due to the ease with which power electronics devices and components are made available.

Competitive Landscape

The global automotive electronics market is highly dynamic regarding global and local producers' numbers and strengths. The market is fragmented due to numerous large-scale manufacturers such as Robert Bosch, Continental AG, STMicroelectronics, ON Semiconductor, NXP Semiconductor, Danfoss, Delphi Technologies, Hitachi Automotive Systems, Samsung Group and Valeo. Pivotal market stakeholders employ tactics like mergers, acquisitions, product launches, contributions and collaborations to gain competitive advantages and recognition in their respective markets.

Robert Bosch GmBH

Overview: Robert Bosch GmBH supplies its products through four product categories, namely mobility solutions, industrial technology, consumer goods and energy & building technology. The company has a presence in 126 locations globally, with 440 subsidiaries and regional companies in over 60 countries and 150 sales and services partners. The company offers innovative solutions for smart homes, Industry 4.0 and connected mobility and is pursuing a sustainable and safe mobility vision.

The company has over 73,000 employees in R&D, 30,000 software engineers and 11 research facilities around the globe. The company uses its expertise in software & services, sensor technology and its own IoT cloud to offer its customers connected, cross-domain solutions from a single source.

Product Portfolio:

Bosch Semiconductors for Automotive: Automotive sensors, semiconductors and IP modules are all available from Bosch Automotive Electronics in a wide-ranging, well-balanced and competitive portfolio. Enduring relationships by providing clients with the best service possible, a long-term supply and the greatest product availability is one of the company's primary moto.

Key Development:

Robert Bosch inaugurated a US$ $1.2 billion (€1 billion) semiconductor facility in Dresden, Germany, on June 7, 2021. The aforementioned investment is considered the largest single investment in the company's history. The factory will primarily serve automotive clients. The facility will handle wafer fabrication or front-of-the-line processing in the semiconductor manufacturing process. The 77,500-square-foot building will be powered by what Bosch refers to as "AIoT," a phrase that blends artificial intelligence with the Internet of Things to refer to an entirely linked, data-driven system specific to the facility.

Why Purchase the Report?

  • To visualize the global automotive electronics market segmentation based on vehicle type, components, distribution channel, application and region, as well as understand key commercial assets and players.
  • Identify global automotive electronics market commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of automotive electronics market-level with four segments.
  • PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
  • Product mapping available as excel consisting of key products of all the major market players

The global automotive electronics market report would provide approximately 69 tables, 70 figures and almost 195 pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
Product Code: DMAUTR5644

Table of Contents

1. Global Automotive Electronics Market - Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Automotive Electronics Market - Market Definition and Overview

3. Global Automotive Electronics Market - Executive Summary

  • 3.1. Market Snippet by Vehicle Type
  • 3.2. Market Snippet by Components
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Application
  • 3.5. Market Snippet by Region

4. Global Automotive Electronics Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Growing demand for connected cars, automated driving, electrification of the powertrain and shared mobility
      • 4.1.1.2. XX
    • 4.1.2. Restraints
      • 4.1.2.1. Complexities in development and integration
      • 4.1.2.2. XX
    • 4.1.3. Opportunity
      • 4.1.3.1. XX
    • 4.1.4. Impact Analysis

5. Global Automotive Electronics Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Automotive Electronics Market - COVID-19 Analysis

  • 6.1. Analysis of COVID-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Automotive Electronics Market - By Vehicle Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 7.1.2. Market Attractiveness Index, By Vehicle Type
  • 7.2. Passenger Vehicles*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Light Commercial Vehicles
  • 7.4. Heavy Commercial Vehicles

8. Global Automotive Electronics Market - By Components

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 8.1.2. Market Attractiveness Index, By Components
  • 8.2. Microcontroller*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Sensors
  • 8.4. Others

9. Global Automotive Electronics Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 9.1.2. Market Attractiveness Index, By Distribution Channel
  • 9.2. OEM*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. After Market

10. Global Automotive Electronics Market - By Application

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.1.2. Market Attractiveness Index, By Application
  • 10.2. ADAS and Safety Systems*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 10.3. Infotainment
  • 10.4. Body Control & Comfort
  • 10.5. Engine Management & Powertrain
  • 10.6. Telematics
  • 10.7. Battery Management
  • 10.8. Others

11. Global Automotive Electronics Market - By Region

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 11.1.2. Market Attractiveness Index, By Region
  • 11.2. North America
    • 11.2.1. Introduction
    • 11.2.2. Key Region-Specific Dynamics
    • 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.2.7.1. U.S.
      • 11.2.7.2. Canada
      • 11.2.7.3. Mexico
  • 11.3. Europe
    • 11.3.1. Introduction
    • 11.3.2. Key Region-Specific Dynamics
    • 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.3.7.1. Germany
      • 11.3.7.2. UK
      • 11.3.7.3. France
      • 11.3.7.4. Italy
      • 11.3.7.5. Russia
      • 11.3.7.6. Rest of Europe
  • 11.4. South America
    • 11.4.1. Introduction
    • 11.4.2. Key Region-Specific Dynamics
    • 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.4.7.1. Brazil
      • 11.4.7.2. Argentina
      • 11.4.7.3. Rest of South America
  • 11.5. Asia-Pacific
    • 11.5.1. Introduction
    • 11.5.2. Key Region-Specific Dynamics
    • 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.5.7.1. China
      • 11.5.7.2. India
      • 11.5.7.3. Japan
      • 11.5.7.4. Australia
      • 11.5.7.5. Rest of Asia-Pacific
  • 11.6. Middle East and Africa
    • 11.6.1. Introduction
    • 11.6.2. Key Region-Specific Dynamics
    • 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Components
    • 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
    • 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

12. Global Automotive Electronics Market - Competitive Landscape

  • 12.1. Competitive Scenario
  • 12.2. Market Positioning/Share Analysis
  • 12.3. Mergers and Acquisitions Analysis

13. Global Automotive Electronics Market- Company Profiles

  • 13.1. Robert Bosch*
    • 13.1.1. Company Overview
    • 13.1.2. Product Portfolio and Description
    • 13.1.3. Key Highlights
    • 13.1.4. Financial Overview
  • 13.2. Continental AG
  • 13.3. STMicroelectronics
  • 13.4. ON Semiconductor
  • 13.5. NXP Semiconductor
  • 13.6. Danfoss
  • 13.7. Delphi Technologies
  • 13.8. Hitachi Automotive Systems
  • 13.9. Samsung Group
  • 13.10. Valeo

LIST NOT EXHAUSTIVE

14. Global Automotive Electronics Market - Premium Insights

15. Global Automotive Electronics Market - DataM

  • 15.1. Appendix
  • 15.2. About Us and Services
  • 15.3. Contact Us