Automotive electronics market is anticipated to exceed $380 billion by 2027

Automotive electronics market size is expected to exceed USD 380 billion by 2027. The growing implementation of advanced safety systems in vehicles is anticipated to drive the market in the coming years.

With the rising prominence of automotive electronics, industry players are capitalizing on market trends to extend their consumer reach across leading markets. For instance, in May 2021, Duckyang, an automotive electronics supplier, announced a $10 million investment towards building its first U.S. facility in Georgia.

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For extensive assessment, the automotive electronics market has been segmented based on application, vehicle type, and region. On the basis of application, the market has further been divided into body electronics, ADAS (blind spot detection, adaptive cruise control, automated emergency braking, lane department warning, parking assistance, night vision), infotainment & communication (display, audio, head-up display, navigation, and communication), safety systems, and powertrain (exhaust, transmission drivetrain, engine controllers, xEV).

Some major findings of the automotive electronics market report include:

  • Technological innovations in automotive electronics systems aid in increasing vehicle efficiency and improving user connectivity
  • Stringent regulatory framework in North America and Europe related to vehicle safety and road safety is creating several growth opportunities for the automotive electronics market
  • Increasing demand for safety and comfort feature will boost the implementation for the ADAS application in modern vehicles
  • Growing awareness of electric vehicles in China is likely to enhance the industry. In 2018, the Chinese government introduced subsidy payment for EV consumers depending upon the vehicle range.

In the regional landscape, Latin America accounted for approximately 4% of the automotive electronics market in 2020 and is calculated to expand at a notable CAGR through the forecast timeline. Government initiatives towards accelerating automotive component manufacturing in the region is projected to fuel market adoption through the following years.

Prominent companies present in the automotive electronics market include Magna International, Continental AG, Bosch Group, Altera Corporation, Infineon Technologies, Lear Corporation, Delphi Automotive, Hitachi Automotive Systems, Texas Instruments, ZF Friedrichshafen AG, Voxx International Corporation, Faurecia, Hyundai Mobis, Valeo, etc.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1    Industry segmentation

FIG. 2    Global automotive electronics market, 2016 – 2027 (USD Million)

FIG. 3    Industry ecosystem analysis

FIG. 4    Growth potential analysis

FIG. 5    Porter’s analysis

FIG. 6    Company market share, 2020

FIG. 7    PESTEL analysis

FIG. 8    SWOT Analysis, Aisin Seiki Co., Ltd.

FIG. 9    SWOT Analysis, American Axle & Manufacturing, Inc

FIG. 10    SWOT Analysis, Atmel Corporation (Microchip Technology Inc.)

FIG. 11    SWOT Analysis, Autoliv Inc.

FIG. 12    SWOT Analysis, BorgWarner Inc.

FIG. 13    SWOT Analysis, Broadcom, Inc.

FIG. 14    SWOT Analysis, Continental AG

FIG. 15    SWOT Analysis, Denso Corporation

FIG. 16    SWOT Analysis, Faurecia

FIG. 17    SWOT Analysis, Hitachi Automotive Systems, Ltd.

FIG. 18    SWOT Analysis, Hyundai Mobis

FIG. 19    SWOT Analysis, Infineon Technologies

FIG. 20    SWOT Analysis, Lear   

FIG. 21    SWOT Analysis, Magna International, Inc.

FIG. 22    SWOT Analysis, Panasonic Corporation

FIG. 23    SWOT Analysis, Robert Bosch GmbH

FIG. 24    SWOT Analysis, Texas Instruments Incorporated

FIG. 25    SWOT Analysis, VALEO

FIG. 26    SWOT Analysis, VOXX International Corp.

FIG. 27    SWOT Analysis, ZF Friedrichshafen AG

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