The Worldwide Automotive Electronics Market is Projected to reach USD 470.6 Billion by 2030, at a CAGR of 9.1%

Automotive Electronics Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Automotive Electronics Market size is expected to reach $470.6 billion by 2030, rising at a market growth of 9.1% CAGR during the forecast period.

The ADAS segment is showcasing a CAGR of 10.1% during (2023 - 2030). The demand for ADAS sensors is growing exponentially as a result of the expanded applications and capabilities of these sensors. Sensors are essential components of ADAS. Sensors, ranging from the earliest stereo cameras to the most advanced LiDAR, are combined to execute complex functions.

The OEM segment is leading the Global Automotive Electronics Market by Sales Channel in 2022; thereby, achieving a market value of $319.3 billion by 2030. This is because the durability and shelf life of electronic components has increased. Since electronic components are an integral part of vehicles, consumers like purchasing them directly from the manufacturer to ensure they are genuine.

The Electronic Control Unit segment is registering a CAGR of 10% during (2023 - 2030). Electronic valves, fuses, connectors, and wiring harnesses are examples of current transporting devices. The significant market share of current-carrying devices in the component segment can be attributed to the high price and profusion of electronic components used in automobiles, like electronic switches, fuses, connectors, and wiring harnesses.

The Asia Pacific region dominated the Global Automotive Electronics Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $187.1 billion by 2030. The Europe market is anticipated to grow at a CAGR of 8.6% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 8.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/automotive-electronics-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Automotive Electronics Market Segmentation

By Application

• Safety Systems
• Powertrain Electronics
• Infotainment
• ADAS
• Body Electronics

By Sales Channel

• OEM
• Aftermarket

By Component

• Current Carrying Devices
• Sensors
• Electronic Control Unit
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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.

Related Reports:

North America Automotive Electronics Market Size,Share, 2030

• July-2023
• 125 Pages

LAMEA Automotive Electronics Market Size, Share to 2023-2030

• July-2023
• 136 Pages

Europe Automotive Electronics Market Size & Share by 2030

• July-2023
• 136 Pages

Asia Pacific Automotive Electronics Market Size to 2023-2030

• July-2023
• 140 Pages