Automotive Electronics Market Analysis - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Category : Automotive, Transportation and Logistics | Published at : December-2018 | Delivery Format : PDF | Status: Published | Pages : 180

The global automotive electronics market is projected to be worth USD 430.13 Billion by 2026 and is expected to grow at a CAGR of 9.0% during the forecast period.

The market is driven by demand for advanced technologies-based safety systems for automobiles and overall convenient driving experience.

Report coverage

Market Automotive Electronics Market
Analysis Period 2015 - 2026
Base Year 2017
Forecast Data 2016 - 2026
Segments Covered By Component, By Application, By Sales Channel and By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Continental Corporation; Robert Bosch GmbH; Autoliv, Inc.; Samsung Group; Delphi Technologies, Inc.; Denso Corporation; and ZF Friedrichshafen AG.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation


Market Dynamics

Rising penetration of hybrid electric vehicles (HEV) and electric vehicles (EV), increased acceptance and transformation of safety systems, such as advanced airbags and anti-lock braking systems in vehicles , in order to limit road fatalities is anticipated to augment the market growth.  The manufacturers are investing profoundly in R&D to develop high-performance automotive electronics at reasonable cost and are transforming towards energy storage technologies. The OEMs have become more reliant on advanced technology-based electronics, which enables them to offer enhanced safety systems.

Market Insights

The industry is more dependent on the raw availability of materials, their supply and its procurement cost, and timely delivery of these materials. Thus, demand for raw materials shall have a major impact on the OEM’s operating costs, thereby, affecting their profit margins. Most commonly used raw materials include resin, aluminium, copper and among others.Various government regulations in developed and developing countries for necessary installation of automated safety systems in automobiles catalyses the growth in revenue of global automotive electronics market. In 2010, electronics accounted for around one-third of the total vehicle cost; however in the coming years, with the ongoing technological advances, it is expected to account for around half of the total vehicle cost.

Market Classification

The global automotive electronics market is segmented into four major segment named component, application, sales channel and region. On the basis of component the automotive electronics market is segmented into Electronic Control Unit (ECU), sensors, current carrying devices, and others. On the basis of the application the global automotive electronics market is segmented into, infotainment, body electronics, safety systems, and powertrain. On the basis of sales channel the global automotive electronics market is segmented into OEM and aftermarket. On the basis of region the global automotive electronics market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

OEM sales channel was the dominant segment in 2017. Suppliers such as Continental AG along with OEMs are focusing on offering economical ADAS for the hatchback and sedan car segments. The company introduced reasonably priced ADAS systems, such as Lane Departure Warning (LDW) system, traffic sign recognition and driver monitoring systems.

Regional Insights

North America is likely to experience noticeable growth over the coming years. U.S. market is expected to dominate the North America automotive electronics market as a result of the presence of key manufacturers, such as Robert Bosch GmbH, Continental Corporation, TRW Automotive, and Autoliv, Inc. Government regulations and strict emission control standards are expected to encourage the demand of powertrain segment for the automotive electronics market in the region.

Asia Pacific automotive electronics market was valued at USD 87.4 billion in 2017. South Korea, Malaysia, Taiwan and Thailand are among the various revenue-generating countries for the Asia Pacific market due to booming electronic component manufacturing sectors in these economies. Majority of the demand in Asia Pacific market is catered from China and Japan. However, the limited number of manufacturers in these countries poses investment opportunity for regional suppliers to take advantage of the local demand, thereby making rest of the economies in Asia Pacific an attractive place for investors.

Market Participants

The major players associated with the automotive electronics market are Continental Corporation; Robert Bosch GmbH; Autoliv, Inc.; Samsung Group; Delphi Technologies, Inc.; Denso Corporation; and ZF Friedrichshafen AG.

The raw materials used for manufacturing automotive electronics products are acrucial,and its innovation in order to minimize the energy consumption and overall transformation form a mechanical setup to electrical setup also plays a vital role for the players in the market to attract customer in automotive industry.The prominent players also undertake strategic initiatives such as M&A, joint ventures, in order to maintain their position in a highly aggressive market.

Market Segmentation

Market by Component

  • Electronic Control Unit (ECU)
  • Sensors
  • Current carrying devices,
  • Others

Market by Application

  • ADAS,
  • Infotainment,
  • Body electronics,
  • Safety systems,
  • Powertrain

Market by Sales Channel

  • OEM
  • Aftermarket

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

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