The North America Automotive Electronics Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030).
Growing integration and deployment of advanced safety systems like automatic airbags, emergency braking, parking assistance systems, and lane departure warnings are anticipated to boost demand throughout the forecast period. In addition, emergency call systems, alcohol ignition interlocks, and accident data recorder systems are swiftly adopted to protect in-vehicle occupants. They are anticipated to drive market growth throughout the forecast period.
The automotive sector invests substantial resources in research and development to produce competitively priced electronics and energy storage technology. In addition, OEMs rely increasingly on electronics to attain a high level of safety. Nevertheless, the auto sector is transitioning from hardware-driven to software-driven vehicles. The rising average number of electronic and software modules per vehicle influences the market's growth. The integration of IoT and AI into automobiles, the accessibility of automated vehicles, the desire for in-vehicle security features, and an increase in the demand for multimedia capabilities are driving the market.
The United States is a major market for electric vehicles, and the country is transitioning toward the acceptance of electric mobility. A portion of this can be attributed to the country’s abundance of advanced technology and electric vehicle manufacturing companies and firms, such as Tesla, Lucid, Rivian, and General Motors. Moreover, government policies and incentives aimed at boosting the acceptance of electric vehicles and the production of associated parts and components are anticipated to fuel demand in the country over the forecast period substantially.
In 2018, Mexico reported a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. From January to September of this year, 955,393 electric and hybrid vehicles were sold. This increasing adoption of electric vehicles throughout the region's nations increases the growth potential of the regional market.
The US market dominated the North America Automotive Electronics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $90,582.3 million by 2030. The Canada market is experiencing a CAGR of 11.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.3% during (2023 - 2030).
Based on Application, the market is segmented into Safety Systems, Powertrain Electronics, Infotainment, ADAS and Body Electronics. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Component, the market is segmented into Current Carrying Devices, Sensors, Electronic Control Unit and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Automotive Electronics Market is Projected to reach USD 470.6 Billion by 2030, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, Sony Corporation, Aptiv PLC, Hyundai Mobis Co., Ltd. (Hyundai Motor), ZF Friedrichshafen AG, Infineon Technologies AG, Magna International, Inc., Aisin Corporation (Toyota Motor Corporation) and Koninklijke Philips N.V.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Safety Systems
- Powertrain Electronics
- Infotainment
- ADAS
- Body Electronics
By Sales Channel
By Component
- Current Carrying Devices
- Sensors
- Electronic Control Unit
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- Sony Corporation
- Aptiv PLC
- Hyundai Mobis Co., Ltd. (Hyundai Motor)
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Magna International, Inc.
- Aisin Corporation (Toyota Motor Corporation)
- Koninklijke Philips N.V.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Electronics Market, by Application
1.4.2 North America Automotive Electronics Market, by Sales Channel
1.4.3 North America Automotive Electronics Market, by Component
1.4.4 North America Automotive Electronics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies deployed in Automotive Electronics Market
4.3 Porter’s Five Force Analysis
Chapter 5. North America Automotive Electronics Market by Application
5.1 North America Safety Systems Market by Country
5.2 North America Powertrain Electronics Market by Country
5.3 North America Infotainment Market by Country
5.4 North America ADAS Market by Country
5.5 North America Body Electronics Market by Country
Chapter 6. North America Automotive Electronics Market by Sales Channel
6.1 North America OEM Market by Country
6.2 North America Aftermarket Market by Country
Chapter 7. North America Automotive Electronics Market by Component
7.1 North America Current Carrying Devices Market by Country
7.2 North America Sensors Market by Country
7.3 North America Electronic Control Unit Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Automotive Electronics Market by Country
8.1 US Automotive Electronics Market
8.1.1 US Automotive Electronics Market by Application
8.1.2 US Automotive Electronics Market by Sales Channel
8.1.3 US Automotive Electronics Market by Component
8.2 Canada Automotive Electronics Market
8.2.1 Canada Automotive Electronics Market by Application
8.2.2 Canada Automotive Electronics Market by Sales Channel
8.2.3 Canada Automotive Electronics Market by Component
8.3 Mexico Automotive Electronics Market
8.3.1 Mexico Automotive Electronics Market by Application
8.3.2 Mexico Automotive Electronics Market by Sales Channel
8.3.3 Mexico Automotive Electronics Market by Component
8.4 Rest of North America Automotive Electronics Market
8.4.1 Rest of North America Automotive Electronics Market by Application
8.4.2 Rest of North America Automotive Electronics Market by Sales Channel
8.4.3 Rest of North America Automotive Electronics Market by Component
Chapter 9. Company Profiles
9.1 Continental AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Sony Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Aptiv PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Hyundai Mobis Co., Ltd. (Hyundai Motor)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 ZF Friedrichshafen AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Infineon Technologies AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Magna International, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Aisin Corporation (Toyota Motor Corporation)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Koninklijke Philips N.V.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
TABLE 1 North America Automotive Electronics Market, 2019 - 2022, USD Million
TABLE 2 North America Automotive Electronics Market, 2023 - 2030, USD Million
TABLE 3 North America Automotive Electronics Market by Application, 2019 - 2022, USD Million
TABLE 4 North America Automotive Electronics Market by Application, 2023 - 2030, USD Million
TABLE 5 North America Safety Systems Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Safety Systems Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Powertrain Electronics Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Powertrain Electronics Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Infotainment Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Infotainment Market by Country, 2023 - 2030, USD Million
TABLE 11 North America ADAS Market by Country, 2019 - 2022, USD Million
TABLE 12 North America ADAS Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Body Electronics Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Body Electronics Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Automotive Electronics Market by Sales Channel, 2019 - 2022, USD Million
TABLE 16 North America Automotive Electronics Market by Sales Channel, 2023 - 2030, USD Million
TABLE 17 North America OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 North America OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Automotive Electronics Market by Component, 2019 - 2022, USD Million
TABLE 22 North America Automotive Electronics Market by Component, 2023 - 2030, USD Million
TABLE 23 North America Current Carrying Devices Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Current Carrying Devices Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Sensors Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Sensors Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Electronic Control Unit Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Electronic Control Unit Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Automotive Electronics Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Automotive Electronics Market by Country, 2023 - 2030, USD Million
TABLE 33 US Automotive Electronics Market, 2019 - 2022, USD Million
TABLE 34 US Automotive Electronics Market, 2023 - 2030, USD Million
TABLE 35 US Automotive Electronics Market by Application, 2019 - 2022, USD Million
TABLE 36 US Automotive Electronics Market by Application, 2023 - 2030, USD Million
TABLE 37 US Automotive Electronics Market by Sales Channel, 2019 - 2022, USD Million
TABLE 38 US Automotive Electronics Market by Sales Channel, 2023 - 2030, USD Million
TABLE 39 US Automotive Electronics Market by Component, 2019 - 2022, USD Million
TABLE 40 US Automotive Electronics Market by Component, 2023 - 2030, USD Million
TABLE 41 Canada Automotive Electronics Market, 2019 - 2022, USD Million
TABLE 42 Canada Automotive Electronics Market, 2023 - 2030, USD Million
TABLE 43 Canada Automotive Electronics Market by Application, 2019 - 2022, USD Million
TABLE 44 Canada Automotive Electronics Market by Application, 2023 - 2030, USD Million
TABLE 45 Canada Automotive Electronics Market by Sales Channel, 2019 - 2022, USD Million
TABLE 46 Canada Automotive Electronics Market by Sales Channel, 2023 - 2030, USD Million
TABLE 47 Canada Automotive Electronics Market by Component, 2019 - 2022, USD Million
TABLE 48 Canada Automotive Electronics Market by Component, 2023 - 2030, USD Million
TABLE 49 Mexico Automotive Electronics Market, 2019 - 2022, USD Million
TABLE 50 Mexico Automotive Electronics Market, 2023 - 2030, USD Million
TABLE 51 Mexico Automotive Electronics Market by Application, 2019 - 2022, USD Million
TABLE 52 Mexico Automotive Electronics Market by Application, 2023 - 2030, USD Million
TABLE 53 Mexico Automotive Electronics Market by Sales Channel, 2019 - 2022, USD Million
TABLE 54 Mexico Automotive Electronics Market by Sales Channel, 2023 - 2030, USD Million
TABLE 55 Mexico Automotive Electronics Market by Component, 2019 - 2022, USD Million
TABLE 56 Mexico Automotive Electronics Market by Component, 2023 - 2030, USD Million
TABLE 57 Rest of North America Automotive Electronics Market, 2019 - 2022, USD Million
TABLE 58 Rest of North America Automotive Electronics Market, 2023 - 2030, USD Million
TABLE 59 Rest of North America Automotive Electronics Market by Application, 2019 - 2022, USD Million
TABLE 60 Rest of North America Automotive Electronics Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of North America Automotive Electronics Market by Sales Channel, 2019 - 2022, USD Million
TABLE 62 Rest of North America Automotive Electronics Market by Sales Channel, 2023 - 2030, USD Million
TABLE 63 Rest of North America Automotive Electronics Market by Component, 2019 - 2022, USD Million
TABLE 64 Rest of North America Automotive Electronics Market by Component, 2023 - 2030, USD Million
TABLE 65 Key Information – Continental AG
TABLE 66 Key Information – Robert Bosch GmbH
TABLE 67 Key Information – Sony Corporation
TABLE 68 Key Information – Aptiv PLC
TABLE 69 Key Information – Hyundai Mobis Co., Ltd.
TABLE 70 Key Information – ZF Friedrichshafen AG
TABLE 71 Key Information – Infineon Technologies AG
TABLE 72 Key Information – Magna International, Inc.
TABLE 73 Key Information – Aisin Corporation
TABLE 74 Key Information – Koninklijke Philips N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Automotive Electronics Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Automotive Electronics Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Force Analysis: Automotive Electronics Market
FIG 6 North America Automotive Electronics Market share by Application, 2022
FIG 7 North America Automotive Electronics Market share by Application, 2030
FIG 8 North America Automotive Electronics Market by Application, 2019 - 2030, USD Million
FIG 9 North America Automotive Electronics Market share by Sales Channel, 2022
FIG 10 North America Automotive Electronics Market share by Sales Channel, 2030
FIG 11 North America Automotive Electronics Market by Sales Channel, 2019 - 2030, USD Million
FIG 12 North America Automotive Electronics Market share by Component, 2022
FIG 13 North America Automotive Electronics Market share by Component, 2030
FIG 14 North America Automotive Electronics Market by Component, 2019 - 2030, USD Million
FIG 15 North America Automotive Electronics Market share by Country, 2022
FIG 16 North America Automotive Electronics Market share by Country, 2030
FIG 17 North America Automotive Electronics Market by Country, 2019 - 2030, USD Million
FIG 18 Recent strategies and developments: Continental AG
FIG 19 SWOT Analysis: Continental AG
FIG 20 Recent strategies and developments: Robert Bosch GmbH
FIG 21 SWOT Analysis: Robert Bosch GmbH
FIG 22 Swot Analysis: sony corporation
FIG 23 SWOT Analysis: Aptiv PLC
FIG 24 SWOT Analysis: Hyundai Mobis Co., Ltd.
FIG 25 Swot Analysis: ZF Friedrichshafen AG
FIG 26 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 27 SWOT Analysis: Magna International, Inc.
FIG 28 SWOT Analysis: Aisin Corporation
FIG 29 SWOT Analysis: Koninklijke Philips N.V.