Highlights:
The global market for automotive electronics is estimated to increase from $337.9 billion in 2023 to reach $508.0 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% during the forecast period of 2023-2028.
Asia-Pacific market for automotive electronics is estimated to increase from $183.1 billion in 2023 to reach $299.4 billion by 2028, at a CAGR of 10.3% during the forecast period of 2023-2028.
European market for automotive electronics is estimated to increase from $82.5 billion in 2023 to reach $116.4 billion by 2028, at a CAGR of 7.1% during the forecast period of 2023-2028.
Report Scope:
This report analyzes the automotive electronics market by application, vehicle type, propulsion type, sales channels, and region. Furthermore, we have also included various market dynamics such as drivers, restraints, trends, and opportunities in the global market. Moreover, the report contains M&A and funding information, emerging technology analysis and analysis of ESG developments.
The study is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, employee strength, ESG rating, etc. We have also identified various small-scale and emerging players in the global and regional markets with their product-related information. The report also includes a patent analysis of the automotive electronics market.
The study also analyzes the impact of COVID-19 and the Russia-Ukraine war on the global and regional markets.
For market values, 2022 is considered the historic/base year, 2023 is an estimated year, and the market values are forecast through 2028. All market values are expressed in billions of U.S. dollars.
Report Includes:
- 51 data tables and 36 additional tables
- An up-to-date overview and analysis of the global markets for automotive electronics (AEs) for IC engine and EVs
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of the actual market size and revenue forecast for automotive electronics global market in USD billion values, and corresponding market share analysis based on application, vehicle type, propulsion type, sales channel, and geographic region
- Discussion of the major growth drivers, opportunities and challenges, technology updates, and the impact of macroeconomic variables influencing the market for automotive electronics as a basis for projecting demand in the next five years (2023-2028)
- Country specific data analysis and market growth forecasts for the U.S., Canada, Mexico, Germany, Italy, France, the U.K., Japan, China, India and South Korea, among others
- Review of recently granted key patents and patent publications on automotive electronics market
- Highlights of current trends in the global market for automotive electronics, emerging technologies and new developments in the industry
- Understanding of ESG (Environmental, Social and Governance) perspectives in the global market for automotive electronics, with emphasis on ESG factors impact on performance, current status, future perspectives, and approach by automotive electronics companies to achieve ESG goals
- Insight into the recent structure of the industry for automotive electronics, competitive aspects of each product segments, increasing R&D investments, market growth strategies, start-up fundings and company value share analysis
- Identification of the major stakeholders and analysis of their company competitive landscape based on recent developments, key financials and segmental revenues, and operational integration
- Descriptive company profiles of the leading players in automotive electronics market, including Aptiv Plc, Continental AG, Denso Corp., Robert Bosch GmbH, Magna International Inc., Hella GmbH & Co. KGaA, and ZF Friedrichshafen AG
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Research Methodology
- Information Sources
- Secondary Sources
- Primary Sources
- Geographic Breakdown
Chapter 2 Summary and Highlights
- Market Outlook
- Market Summary
Chapter 3 Market Overview
- Current Market Overview
- Automotive Electronic Content Growth
- Levels in the Autonomous Vehicles
- Value Chain Analysis
- Raw Material Providers
- Semiconductor Designers and Manufacturers
- Automotive Electronics Manufacturers and Aftermarket Suppliers
- End Users
- Porter's Five Forces Model
- Supplier Power
- Buyer Power
- The Threat of New Entrants
- Threat of Substitute
- Competitive Rivalry
- Impact of COVID-19 on the Market for Automotive Electronics
- Impact of the Russia-Ukraine War on the Global Automotive Electronics Industry
Chapter 4 Market Dynamics
- Introduction
- Market Drivers
- Government Steps toward the Safety of Vehicles are Boosting the Demand for Automotive Electronics
- Advancements in Vehicle Technology are Boosting the Demand for Electronic Products
- Transforming Automotive Business Model from Personal Mobility to Mobility-as-a-Service
- Changing Consumer Interests and Rising Awareness of Battery-Powered Vehicles
- Market Restraints
- Increases in the Overall Cost of Vehicles
- Cybersecurity Issues Could Hamper the Overall Market Growth
- Declining Production of Internal Combustion Engine Vehicles
- Market Opportunities
- Increasing Penetration of Software in Vehicles
- Emerging Potential Electric Vehicle OEMs Across the Globe
- Autonomous Driving Paving the Way for Electronics Systems or Devices Used in the Vehicles
- Market Dynamics Impact Analysis
Chapter 5 Market Breakdown by Application
- Overview
- Powertrain/Transmission and Chassis Electronics
- Powertrain/Transmission Electronics
- Chassis Electronics
- Safety and Security Electronics
- Safety Electronics
- Security Electronics
- Comfort and Body Electronics
- Comfort Electronics
- Body Electronics
- Entertainment Electronics
- Dashboard Display
- Music System and Radio
- Heads-Up Display
- Other Entertainment Electronics
- Other Electronics
- Vehicle Routers
- Smart Steering Wheel
- Smart Connectors
Chapter 6 Market Breakdown by Vehicle Type
- Overview
- Passenger Cars
- Commercial Vehicles
- Others
Chapter 7 Market Breakdown by Propulsion Type
- Overview
- IC Engine Vehicles
- Electric Vehicles
- Others
Chapter 8 Market Breakdown by Sales Channel
- Overview
- OEM (Original Equipment Manufacturers) Channel
- Aftermarket
Chapter 9 Market Breakdown by Region
- Overview
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- The U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- Rest of the World
- South America
- Middle East and Africa
Chapter 10 ESG Development
- Overview
- The Correlation between ESG Trends and Automotive Electronics
- Environment-Friendly Vehicles
- Carbon Neutrality
- Sustainable Supply Chain
- Social Responsibility
- Circular Economy
- Trends in the Automotive Industry -- ESG Perspective
- Approach by Automotive Electronics Companies to Achieve ESG Goals
- Renewable Sources for Electricity Production
- Environmental Performance
- Energy Efficiency Measures
- Reuse and Recycling
- Responsible for Raw Material Sourcing
- Fair Labor Practices
- Ethical Supply Chain
- Community Engagement
- Current Status of ESG in the Market for Automotive Electronics
- Future of ESG: Emerging Trends and Opportunities
- Case Study: Examples of Successful Implementation of ESG
- Denso Corp.
- Robert Bosch GmbH
- Panasonic Automotive Systems Co., Ltd.
- Concluding Remarks from BCC
Chapter 11 Emerging Technologies and Developments
- Overview
- Current Trends
- Integration of Advanced Technologies in Vehicles
- Automotive Electronics Manufacturing Companies are Collaborating with OEMs
- Emerging Technologies
- 5G Network
- Blockchain
- Edge Computing
- AI in Automotive Vehicles
Chapter 12 Patent Analysis
- Overview
- Key Recently Granted Patents
Chapter 13 M&A and Venture Funding Outlook
- M&A Analysis
- Start-up Funding in Automotive Electronics
Chapter 14 Competitive Intelligence
- Overview
- Understand the Electric Vehicle Trends
- Customer Awareness
- Wellness Features in Vehicles
- Market Share Analysis
- Strategy Analysis
Chapter 15 Company Profiles
- Introduction
- APTIV PLC
- CONTINENTAL AG
- DENSO CORP.
- HELLA GMBH & CO. KGAA
- HYUNDAI MOBIS
- LEAR CORP.
- MAGNA INTERNATIONAL INC.
- PANASONIC AUTOMOTIVE SYSTEMS CO., LTD.
- ROBERT BOSCH GMBH
- SUMITOMO ELECTRIC INDUSTRIES LTD.
- VALEO
- ZF FRIEDRICHSHAFEN AG
- Other Players (Small-Scale Players in the Automotive Electronics)
Chapter 16 Appendix: Acronyms