Automotive Electronics Market Report
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Global Automotive Electronics Market, By Vehicle Type (Passenger Cars, Commercial Vehicles); By Application (ADAS (Adaptive Cruise Control), Blind Spot Detection, Parking Assistance, Automated Emergency Braking, Infotainment & communication, Safety System, and Others); By Sales (OEM and Aftermarket), By Electronics Component (Electronic Control Unit, Sensors, Current-Carrying Devices, and Others); By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2021-2027
- Published Date: June 2021
- Report ID: bwc20383
- Available Format: PDF
- Page: 156
Report Overview
Global Automotive Electronics Market – Industry Trends & Forecast
Report 2027
The global automotive electronics market was worth USD 205.1 billion in 2020 and is further projected to reach USD 340.4 billion by 2027, at a CAGR of 8.2% during 2021-2027 (forecast period). Increasing automotive production across emerging countries, coupled with the growing demand for luxury and hybrid vehicles is driving the market growth. Additionally, the availability of advanced safety systems with features such as automatic emergency braking, and parking assistance at an affordable price is leading to an increase in the integration of these systems which further drive the market growth.
Source:
BlueWeave Consulting
Global
Automotive Electronics Market Overview:
Automotive electronics are used in
vehicles to optimize the performance of different electronic parts that are
used for improving vehicle efficiency and running entertainment devices.
Automotive electronics are majorly used for applications like electronic fuel
injection, advanced driver assistance, airbag, and infotainment. Apart from
this, there are various components, which directly or indirectly are dependent
on electronic systems in automobiles.
Global
Automotive Electronics Forecast and Trend
Growth
Drivers
Increasing
Safety Concerns
Road traffic, serious
injuries, and death are a few adverse consequences of road transportation. One
of the main causes of road crashes and accidents is usually human error.
Numerous aspects associated with human drivers, such as speeding, failure to
pay attention, and maintaining the proper distance from the vehicle in front,
are majorly responsible for road accidents. This necessitates the introduction
of sophisticated safety devices into the automotive sector. Thus, the growing
preference for safer driving alternatives and smoother road traffic is the key
driver for the growth of the global automotive electronics market.
Increasing Adoption of
Electric and Hybrid Vehicles
The increasing demand for electric and hybrid vehicles
due to their capacities, such as long battery life, energy-efficiency,
integrated electronic devices, and zero direct carbon emissions would are
driving the market growth. Considering the industry’s huge growth prospects,
the market players are making huge investments in the development of high-end
hybrid cars. Moreover, governments
of different countries of the world are enacting policies to curb carbon emissions,
which in turn is contributing to the increased adoption of electric and hybrid
vehicles. Also, surging consumer preference toward advanced parking assistance,
a head-up display, and powerful infotainment system technologies are bolstering
the growth of the market.
Restraints
High
Cost of Electronic Systems to Diminish Business Potential
The high cost of lithium-ion batteries, as well as the significant
investments made in R&D for building more sophisticated electronics
solutions such as advanced driver assistance systems, are restraining the
market growth. Also, high-end software used in hybrid and electronic vehicles
which leads to high-end production costs of the automotive vehicles is yet
another key factor hindering the automotive electronic market growth.
Furthermore, the automobile electronics industry is being impacted by the
uncertainties of high servicing and replacement costs.
Impact of COVID-19 in the industry
In terms of market and operational parameters, the pandemic has had a
serious impact on industry players. As soon as the World Health Organization
(WHO) declared the novel coronavirus (COVID-19) as a pandemic, countries across
the globe were compelled to enforce nationwide lockdown to prevent the spread
of the virus. This has severely impacted manufacturing besides disrupting the
supply chains. Production and operation have slowed down owing to the spreading
of coronavirus. Furthermore, COVID-19 has hindered the demand for the automotive
and electronics market. For instance, the widespread dissemination of COVID-19
has compelled around 96% of the German automotive industry to place their
workforce on short-term jobs during the nationwide lockdown.
Global
Automotive Electronics Market: By Vehicle Type
Based on vehicle type, the global automotive electronics
market is segmented into passenger cars and
commercial vehicles. The passenger
car segment accounted for the largest share in 2020 and is estimated to
continue to lead throughout the forecast period as well. Growing production and
increasing volume sales of passenger vehicles across the globe is generating
high demand for automotive electronics systems and components, such as
powertrain solutions, infotainment system, and safety systems. Also, OEMs in
the global automobile sector are developing vehicles that provide enhanced
comfort & safety solutions to address the rapidly changing consumer demands.
These factors are playing a key role in driving the overall market growth.
Global
Automotive Electronics Market: By Application
Based on application,
the automotive
electronics market is categorized into ADAS
(Adaptive Cruise Control),
blind-spot detection, parking assistance, automated emergency braking, infotainment
& communication, safety system, and others. The ADAS segment is
estimated to expand at the highest CAGR over the forecast period, owing to the
several steps taken by the governments across the world to enhance the safety
and security of drivers as well as vehicles. For instance, the New Car
Assessment Programme (NCAP) in Europe and China has mandated the use of
Automatic Emergency Braking (AEB) and Lane Departure Warning (LDW) systems owing
to which automotive manufactures are adopting these technologies, thereby driving
the growth of ADAS the application segment.
Global
Automotive Electronics Market: By Sales Channel
Based on the sales channel, the global automotive electronics market is fragmented into OEMs and aftermarkets. The OEM segment held the largest market share in 2020 as most of the electronic components are integrated during the vehicle manufacturing stage by manufacturers such as BMW Motors, General Motors, and Volkswagen AG, thus, calibrating customer’s trust in the electronic components through familiarity and performance. Since the electronic components offered by the OEMs are highly durable, and the OEM parts work exactly as the replaced parts, this segment is estimated to expand at a significant CAGR over the forecast period.
Source:
BlueWeave Consulting
Global
Automotive Electronics Market: By Component
In
terms of components, the automotive electronics market is segmented into the electronics
control unit, sensors, current-carrying devices, and others. Based on
components, the electronics control unit segment accounted for the largest
share in 2020, contributing to more than one-fourth of the total market. The
increase in demand for smart electronics in automotive leads to the growth of
the segment. However, the sensors segment is expected to register the highest
CAGR during the forecast period. The increase in demand for smart electronics
in automotive leads to the growth of the segment.
Global Automotive Electronics Market: Regional insights
The global automotive electronics market is segmented into five regions, i.e. North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa, wherein the Asia-Pacific accounts for the highest share in 2020. The Asia-Pacific region is expected to be the largest and fastest-growing market, where China accounted for the largest number of global motor production. Most of the regional demand is fulfilled from Japan and China. The U.S. is also likely to dominate the regional market owing to the presence of key manufacturers, such as Continental AG, ZF Friedrichshafen AG, Autoliv Inc, and Robert Bosch GmbH.
Competitive landscape
Key Players for Automotive Electronics Market are Aisin
Seiki Co. Ltd, Altera Corporation, American Axle & Manufacturing Inc, Atmel
Corporation, Autoliv Inc, Bosch Group, Broadcom Inc, Continental AG, Delphi
Technologies, Denso Corporation, Faurecia, Hitachi Automotive Systems, Hyundai
Mobis, Infineon Technologies, Lear Corporation, Magna International Inc,
Panasonic Corporation, and other prominent players. The market players compete on the basis of
the given product quality and new and cost-effective manufacturing processes to
obtain better yield and optimize the process for better production. Moreover, in order to improve their production
capability, product portfolio, and provide competitive differentiation,
companies are increasingly participating in acquisitions, alliances, and
mergers.
Recent Development
·
In January 2021, Denso a leading mobility provider
announced a partnership with U.S. LiDAR and perception systems company, Aeva,
to develop next-generation sensing and perception systems. The industries will
work together to advance Frequency Modulated Continuous Wave (FMCW) LiDAR, a
pioneering solution that tests velocity as well as depth and reflectivity, and
bring it to the mass vehicle market.
·
In February 2019, Continental AG announced the
acquisition of Kathrein Automotive GmbH to increase its expertise in the field
of connectivity. The acquisition was aimed at expanding its connectivity
product portfolio. Kathrein Automotive GmbH would manufacture intelligent
vehicle antennas to ensure future-proof connectivity.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data – 2017-2020 Estimated Year – 2021 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy,
Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE,
South Africa, Saudi Arabia, Turkey |
Product/Service Segmentation |
By vehicle type, application, sales channel, component,
and region |
Key Players |
Key players for Automotive Electronics
market includes: Aisin Seiki Co. Ltd, Altera Corporation, American Axle
& Manufacturing Inc, Atmel Corporation, Autoliv Inc, Bosch Group,
Broadcom Inc, Continental AG, Delphi Technologies, Denso Corporation,
Faurecia, Hitachi Automotive Systems, Hyundai Mobis, Infineon Technologies,
Lear Corporation, Magna International Inc, Panasonic Corporation, and other
prominent players |
Scope
of the Report
By
Vehicle Type
Ø Passenger Cars
Ø Commercial Vehicles
By Applications
Ø ADAS (Adaptive Cruise Control)
Ø Blind Spot Detection
Ø Parking Assistance
Ø Automated Emergency Braking
Ø Infotainment & Communication
Ø Safety systems
Ø Others
By Sales
Ø OEM
Ø Aftermarket
By Component
Ø Electronic Control Unit
Ø Sensors
Ø Current-Carrying Devices
Ø Others
By Region
Ø the Asia-Pacific
Ø North America
Ø Europe
Ø the Middle East & Africa
Ø Latin America
FAQs
1. What is the current size of the global
automotive electronics market?
Answer:
The global automotive electronics market has reached USD 205.1 billion in 2020.
2. What are the major factors driving the
growth of the global automotive electronics market?
Answer:
The major factors driving the growth of the global automotive electronics
market are the increasing adoption of electric and hybrid vehicles and
increasing safety concerns.
3. Who are the key players in the global
automotive electronics market?
Answer: The key players in the global automotive
electronics market Aisin Seiki Co. Ltd, Altera Corporation, American Axle &
Manufacturing Inc, Atmel Corporation, Autoliv Inc, Bosch Group, Broadcom Inc,
Continental AG, Delphi Technologies, Denso Corporation, Faurecia, Hitachi
Automotive Systems, Hyundai Mobis, Infineon Technologies, Lear Corporation,
Magna International Inc, Panasonic Corporation, and other prominent players
4. Which application accounted for the
largest share in the global automotive electronics market?
Answer:
ADAS accounted for the largest share in the global automotive electronics
market.
5. Which region growing at a higher rate in
the global automotive electronics market?
Answer: The Asia-Pacific is growing at a higher rate in the global automotive electronics market.
1. Research Framework
1.1.
Research Objective
1.2.
Market Overview
1.3.
Market Segmentation
2. Research Methodology
2.1.
Qualitative Research
2.1.1. Primary & Secondary Research
2.2.
Quantitative Research
2.3.
Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4.
Breakdown of Primary Research Respondents, By Region
2.5.
Assumption & Limitation
3. Executive Summary
4.
Global Automotive Electronics Market Insights
4.1.
DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2.
Recent Development
4.3.
Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4.
Industry Value Chain Analysis
5. Global Automotive Electronics Market Overview
5.1.
Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2.
Market Share & Forecaste
5.2.1. By Vehicle Type
5.2.1.1.
Passenger Cars
5.2.1.2.
Commercial Vehicles
5.2.2. By Application
5.2.2.1.1.
ADAS (Adaptive Cruise Control)
5.2.2.1.2.
Blind Spot Detection
5.2.2.1.3.
Parking Assistance
5.2.2.1.4.
Automated Emergency Braking
5.2.2.1.5.
Infotainment & communication
5.2.2.1.6.
Safety systems
5.2.2.1.7.
Others
5.2.3. By Sales
5.2.3.1.1.
OEM
5.2.3.1.2.
Aftermarket
5.2.4. By Component
5.2.4.1.
Electronic Control Unit
5.2.4.2.
Sensors
5.2.4.3.
Current Carrying Devices
5.2.4.4.
Others
5.2.5. By Region
5.2.5.1.
North America
5.2.5.2.
Europe
5.2.5.3.
Asia Pacific
5.2.5.4.
Latin America
5.2.5.5.
Middle East & Africa
6.
North America Automotive Electronics Market
6.1.
Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2.
Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Application
6.2.3. By Sales
6.2.4. By Component
6.2.5. By Country
6.2.5.1.
United States
6.2.5.2.
Canada
6.2.5.3.
Rest of North America
7. Europe Automotive
Electronics Market
7.1.
Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2.
Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Application
7.2.3. By Sales
7.2.4. By Component
7.2.5. By Country
7.2.5.1.
Germany
7.2.5.2.
France
7.2.5.3.
United Kingdom
7.2.5.4.
Russia
7.2.5.5.
Italy
7.2.5.6.
Rest of Europe
8. Asia Pacific Automotive Electronics Market
8.1.
Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2.
Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Application
8.2.3. By Sales
8.2.4. By Component
8.2.5. By Country
8.2.5.1.
China
8.2.5.2.
India
8.2.5.3.
Japan
8.2.5.4.
South Korea
8.2.5.5.
Australia
8.2.5.6.
Rest of Asia Pacific
9. Latin America Automotive Electronics Market
9.1.
Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2.
Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Application
9.2.3. By Sales
9.2.4. By Component
9.2.5. By Country
9.2.5.1.
Brazil
9.2.5.2.
Argentina
9.2.5.3.
Colombia
9.2.5.4.
Rest of South America
10. Middle East & Africa Automotive Electronics Market
10.1. Market Size & Forecast by
Value, 2017-2027
10.1.1.
By Value (USD Million)
10.2.
Market Share & Forecast
10.2.1.
By Vehicle Type
10.2.2.
By Application
10.2.3.
By Sales
10.2.4.
By Component
10.2.5.
By Country
10.2.5.1.
Saudi Arabia
10.2.5.2.
UAE
10.2.5.3.
South Africa
10.2.5.4.
Iran
10.2.5.5.
Rest of Middle East & Africa
11. Competitive Landscape
11.1.
List of Key Players and Their
Offerings
11.2.
Market/Ranking Share Analysis
11.3.
Competitive Benchmarking, By
Operating Parameters
12. Impact of COVID on Global Automotive Electronics Market
12.1. Impact On Overall Automotive Electronics Industry
12.2. Impact On Supply Chain of Automotive Electronics
12.2.1.
Price Variation
of Key Raw Materials
12.2.2.
Production
Shutdown
12.3. Impact On Market Demand of Automotive Electronics
12.3.1.
Impact Due to
Restrictions/Lockdown
12.3.2.
Consumer
Sentiments
12.4. Impact On Pricing of Automotive Electronics
13. Company Profile (Company Overview, Financial Matrix, Competitive
landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and
Strategic Outlook) *
13.1.
Aisin Seiki Co., Ltd
13.2.
Altera Corporation
13.3.
American Axle & Manufacturing,
Inc.
13.4.
Atmel Corporation
13.5.
Autoliv, Inc.
13.6.
Bosch Group
13.7.
Broadcom, Inc
13.8.
Continental AG
13.9.
Delphi Technologies
13.10.
Denso Corporation
13.11.
Faurecia
13.12.
Hitachi Automotive Systems
13.13.
Hyundai Mobis
13.14.
Infineon Technologies
13.15.
Lear Corporation
13.16.
Magna International, Inc.
13.17.
Panasonic Corporation
13.18.
Texas Instruments Incorporated
13.19.
VALEO
13.20.
Voxx International Corporation
List of Figures
Fig: Global Automotive Electronics
Segmentation |
Fig: Global Automotive Electronics
Market Value Chain Analysis |
Fig: Company Market Share Analysis,
2019 |
Fig: Global Automotive Electronics
Market Size, By Value (USD Million), 2017-2027 |
Fig: Global Automotive Electronics
Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: Global Automotive Electronics
Market Share, By Application, By Value, 2017-2027 Fig: Global Automotive Electronics Market
Share, By Sales, By Value, 2017-2027 |
Fig: Global Automotive Electronics
Market Share, By Region, By Value, 2017-2027 |
Fig: North America Automotive
Electronics Market Size, By Value (USD Million), 2017-2027 |
Fig: North America Automotive Electronics
Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: North America Automotive
Electronics Market Share, By Application, By Value, 2017-2027 Fig: North America Automotive
Electronics Market Share, By Sales, By Value, 2017-2027 |
Fig: North America Automotive
Electronics Market Share, By Country, By Value, 2017-2027 |
Fig: Europe Automotive Electronics
Market Size, By Value (USD Million), 2017-2027 |
Fig: Europe Automotive Electronics
Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: Europe Automotive Electronics
Market Share, By Application, By Value, 2017-2027 Fig: Europe Automotive Electronics
Market Share, By Sales, By Value, 2017-2027 |
Fig: Europe Automotive Electronics
Market Share, By Country, By Value, 2017-2027 |
Fig: Asia-Pacific Automotive
Electronics Market Size, By Value (USD Million), 2017-2027 |
Fig: Asia-Pacific Automotive
Electronics Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: Asia-Pacific Automotive
Electronics Market Share, By Application, By Value, 2017-2027 Fig: Asia-Pacific Automotive
Electronics Market Share, By Sales, By Value, 2017-2027 |
Fig: Asia-Pacific Automotive
Electronics Market Share, By Country, By Value, 2017-2027 |
Fig: Latin America Automotive
Electronics Market Size, By Value (USD Million), 2017-2027 |
Fig: Latin America Automotive
Electronics Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: Latin America Automotive
Electronics Market Share, By Application, By Value, 2017-2027 Fig: Latin America Automotive
Electronics Market Share, By Sales, By Value, 2017-2027 |
Fig: Latin America Automotive
Electronics Market Share, By Country, By Value, 2017-2027 |
Fig: Middle East & Africa Automotive
Electronics Market Size, By Value (USD Million), 2017-2027 |
Fig: Middle East & Africa Automotive
Electronics Market Share, By Vehicle Type, By Value, 2017-2027 |
Fig: Middle East & Africa Automotive
Electronics Market Share, By Application, By Value, 2017-2027 Fig: Middle East & Africa Automotive
Electronics Market Share, By Sales , By Value, 2017-2027 |
Fig: Middle East & Africa Automotive
Electronics Market Share, By Country, By Value, 2017-2027 |
List of Tables
Table: Global Automotive
Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: Global Automotive
Electronics Market Size, By Application, By Value, 2017-2027
Table: Global Automotive
Electronics Market Size, By Sales, By Value, 2017-2027
Table: Global Automotive
Electronics Market Size, By Region, By Value, 2017-2027
Table: North America Automotive
Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: North America Automotive
Electronics Market Size, By Application, By Value, 2017-2027
Table: North America Automotive
Electronics Market Size, By Sales, By Value, 2017-2027
Table: North America Automotive
Electronics Market Size, By Country, By Value, 2017-2027
Table: Europe Automotive
Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: Europe Automotive
Electronics Market Size, By Application, By Value, 2017-2027
Table: Europe Automotive
Electronics Market Size, By Sales, By Value, 2017-2027
Table: Europe Automotive
Electronics Market Size, By Country, By Value, 2017-2027
Table: Asia-Pacific Automotive
Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: Asia-Pacific Automotive
Electronics Market Size, By Application, By Value, 2017-2027
Table: Asia-Pacific Automotive
Electronics Market Share, By Sales, By Value, 2017-2027
Table: Asia-Pacific Automotive
Electronics Market Size, By Country, By Value, 2017-2027
Table: Latin America Automotive
Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: Latin America Automotive
Electronics Market Size, By Application, By Value, 2017-2027
Table: Latin America Automotive
Electronics Market Share, By Sales, By Value, 2017-2027
Table: Latin America Automotive
Electronics Market Size, By Country, By Value, 2017-2027
Table: Middle East &
Africa Automotive Electronics Market Size, By Vehicle Type, By Value, 2017-2027
Table: Middle East &
Africa Automotive Electronics Market Size, By Application, By Value, 2017-2027
Table: Middle East & Africa Automotive
Electronics Market Share, By Sales, By Value, 2017-2027
Table: Middle East &
Africa Automotive Electronics Market Size, By Country, By Value, 2017-2027
Table: Aisin Seiki Co., Ltd
Table: Altera
Corporation
Table: American
Axle & Manufacturing, Inc.
Table: Atmel
Corporation
Table: Autoliv,
Inc.
Table: Bosch
Group
Table: Broadcom,
Inc
Table: Continental
AG
Table: Delphi
Technologies
Table: Denso
Corporation
Table: Faurecia
Table: Hitachi
Automotive Systems
Table: Hyundai
Mobis
Table: Infineon Technologies
Table: Lear Corporation
Table: Magna
International, Inc.
Table: Panasonic Corporation
Table: Texas
Instruments Incorporated
Table: VALEO
Table: Voxx
International Corporation
Market Segmentation
Scope of the Report
By Vehicle Type
Ø Passenger Cars
Ø Commercial Vehicles
By Applications
Ø ADAS (Adaptive Cruise Control)
Ø Blind Spot Detection
Ø Parking Assistance
Ø Automated Emergency Braking
Ø Infotainment & Communication
Ø Safety systems
Ø Others
By Sales
Ø OEM
Ø Aftermarket
By Components
Ø Electronic Control Unit
Ø Sensors
Ø Current-Carrying Devices
Ø Others
By Region
Ø the Asia-Pacific
Ø North America
Ø Europe
Ø the Middle East & Africa
Ø Latin America
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