PUBLISHER: Lucintel | PRODUCT CODE: 1418513
PUBLISHER: Lucintel | PRODUCT CODE: 1418513
Automotive Electronics Trends and Forecast
The future of the global automotive electronics market looks promising with opportunities in the body, chassis, powertrain, infotainment, and ADAS/AD markets. The global automotive electronics market is expected to reach an estimated $384.4 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are expanding the adoption and integration of cutting-edge safety features like automated airbags and parking assistance and usage of AI and IoT in cars, including automated driving vehicles .
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Automotive Electronics by Segment
The study includes a forecast for the global automotive electronics by type, vehicle type, propulsion, application, and region.
List of Automotive Electronics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive electronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive electronics companies profiled in this report include-
Automotive Electronics Market Insights
Lucintel forecasts that ECU/DCU is expected to witness the highest growth over the forecast period due to the growing demand for electric and hybrid vehicles.
Within this market, powertrain will remain the largest segment due to its wide application in all types of powertrains, such as ice, electric vehicles, and hybrid vehicles.
APAC is expected to witness highest growth over the forecast period due to rising disposable incomes, urbanization, and infrastructure development, fuels the demand for automotive electronics in the region.
Features of the Global Automotive Electronics Market
Market Size Estimates: Automotive electronics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive electronics market size by various segments, such as by type, vehicle type, propulsion, application, and region in terms of value ($B).
Regional Analysis: Automotive electronics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, propulsion, application, and regions for the automotive electronics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive electronics market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the automotive electronics market size?
Answer: The global automotive electronics market is expected to reach an estimated $384.4 billion by 2030.
Q2. What is the growth forecast for automotive electronics market?
Answer: The global automotive electronics market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive electronics market?
Answer: The major drivers for this market are expanding the adoption and integration of cutting-edge safety features like automated airbags and parking assistance and usage of AI and IoT in cars, including automated driving vehicles .
Q4. What are the major segments for automotive electronics market?
Answer: The future of the automotive electronics market looks promising with opportunities in the body, chassis, powertrain, infotainment, and ADAS/AD markets.
Q5. Who are the key automotive electronics market companies?
Answer: Some of the key automotive electronics companies are as follows.
Q6. Which automotive electronics market segment will be the largest in future?
Answer: Lucintel forecasts that ECU/DCU is expected to witness the highest growth over the forecast period due to the growing demand for electric and hybrid vehicles.
Q7. In automotive electronics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising disposable incomes, urbanization, and infrastructure development, fuels the demand for automotive electronics in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.