Request discounts available for Start-Ups & Universities. Thus, any changes in the cost of raw materials directly affects the cost of the final components, thus changing the overall vehicle cost or profit margin of the Original Equipment Manufacturers (OEMs). Besides, the modern Electric Vehicles (EVs) are integrated with around 80 Electronic Control Units (ECUs) per vehicle. Chart. Growing consumer preference for vehicles integrated with Advanced Driver-Assisted Systems (ADAS), such as Adaptive Cruise Control (ACC), park assist, and blind-spot detection, has been propelling the market growth. Automotive electronics are memory hungry The explosive growth of infotainment systems in modern cars has a significant impact on the market demand for semiconductor memories. Automotive Electronics Market size valued at USD 285 billion in 2018 and is estimated to grow at a CAGR of 7% from 2019 to 2030. Explore purchase options. China accounted for around 29.0% of global motor production in the same year. According to the International Energy Agency, China is expected to account for 57% share of the electronic vehicle market forecasts by 2030. With vehicle functionality improving with every new model, this means a continuous increase in the semiconductor content per car. Explained: The Supplier Pyramid in the Automotive Industry (Tier 1, Tier 2, Tier 3) ... in the future is also shown by the recent takeover of the Austrian lighting specialist ZKW by the electronics giant LG for 1.1 billion euros. For instance, the New Car Assessment Programme (NCAP) in Europe and China has been mandating the use of Automatic Emergency Braking (AEB) and Lane Departure Warning (LDW) systems for the large-scale adoption of active safety systems. The automotive industry is extremely competitive owing to the presence of numerous strong and leading automobile system manufacturers in the market worldwide with their broad distribution network. The primary purpose of automotive electronics in vehicles is to improve the overall performance of vehicle without affecting driver convenience. Moreover, investments in the development of these technologies for improved vehicle performance are predicted to boost market growth. The digitization of automotive systems by including connected technologies, in-vehicle communication, and ADAS & automated systems creates several opportunities for market growth. Avail customized purchase options to meet your exact research needs. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. Industry revenue of “maintenance and repair of motor vehicles“ in Sweden 2012-2024; ... "Automotive electronics cost as a percentage of total car cost worldwide from 1970 to 2030." We never share your personal data. Who are the key players in automotive electronics market? Electronics Weekly is at the heart of the electronics industry and is reaching an … A 50+ year history of automotive electronic component design, manufacturing, and supply-chain management makes Jabil a reliable and experienced partner for automotive manufacturers and suppliers worldwide. Global Automotive Electronics Control Unit Management industry market professional research 2014-2026, is a report which provides the details about industry overview, industry chain, market size (sales, revenue, and growth rate), gross margin, … The AR dashboard has already been implemented in some vehicles such as some of the BMW models. We have introduced ���GMIPulse���, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Rapid rise in innovation in software-based systems is anticipated to trigger the demand for advanced electronic components. Increasing integration and adoption of advanced safety systems such as automatic emergency braking, lane departure warning, and airbags to reduce road accidents, is anticipated to fuel the growth. Design an exclusive study to serve your research needs. All interactions are confidential. However, they do have to focus a lot on product quality and ensure that the electronics components are reliable. Moreover, intensification in design complexity is also expected to restrain the growth over the forecast period. Based on application, the industry has been segmented into ADAS, body electronics, infotainment & communication, powertrain, and safety systems. Automotive suppliers in the region are more profitable compared to the European and North American counterparts due to the provision of low market price and high-quality automotive electronics products in huge quantities. Moreover, the positive shift toward the adoption of self-driving cars could significantly drive the demand for sensors. The global automotive electronics market size was estimated at USD 248.8 billion in 2019 and is expected to reach USD 269.2 billion in 2020. b. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Besides, regional governments have introduced several initiatives to improve passenger safety and simultaneously reduce the risk of accidents. Since the electronic components offered by the OEMs are highly durable, the segment is estimated to expand at a significant CAGR over the forecast period. Additionally, given the US-China Trade tension and augmented situation in the US due to Covid 19, the demand side will also take a toll. But the assembly of vehicle electronics can often be a completely different process, taking place in a completely different location than the … Furthermore, increase in consumer disposable income and high spending capabilities on luxury products allow OEMs to develop high-end passenger cars in the market size. Rising incorporation & adoption of automotive electronics in vehicles. Key factors that are driving the market growth include rising safety and security concerns, increasing adoption of connected car systems and growing demand for luxury, hybrid, and electric vehicles. The report will account for Covid-19 as a key market contributor. Most of the regional demand is fulfilled from Japan and China. As a result, there is a huge requirement of enhanced powertrain and engine management systems that provide better fuel consumption capabilities. Aftermarket is the secondary market concerned with the distribution, manufacturing, installation, and retailing of all vehicle accessories and parts after the automobile sales. The global Automotive Electronics Market was valued at $240.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 … Automotive Electronics Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. What is the automotive electronics market growth? Henkel provides automotive display and infotainment solutions that include optical bonding, thermal management materials, structural adhesives and functional coatings. According to an industry report published by Global Market Insights, the automotive electronics market was valued at USD285 billion in 2018 and is expected to grow at a compound annual growth rate of 7 % between 2019 and 2030. We are continuously monitoring the market dynamics and trying to assess the impact of Covid19 on the demand for automotive electronics. b. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. Automotive Electronics Market segmented by Component (Electronic Control Unit, Sensors, Current Carrying Devices, Others), by Application (ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain), by Sales Channel (OEM, Aftermarket) and Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2024 GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. Moreover, China market insights show a significant increase in the demand for automotive electronics due to the high automotive production of passenger vehicles and adoption of electric vehicles in the region. The increasing automotive production directly influences the volume as well as revenue sales of electronic components, as over 90% of automotive electronic components are integrated during the vehicle production stage. Privacy Policy. Majorly fuelling the global automotive electronics market are rising safety considerations, demand for high-end electronics for navigation, information, and entertainment, and the rising popularity of electric and hybrid vehicles due to environmental considerations. Automotive Electronics Market Size by Vehicle Type (Passenger Cars, Commercial Vehicles), By Applica... 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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, Ltd., Hyundai Mobis, Infineon Technologies, Lear Corporation, Magna International Inc., Panasonic Corporation, Texas Instruments Incorporated, VALEO, Voxx International Corporation, ZF Friedrichshafen AG, Increasing demand for safety and comfort features, Stringent regulatory framework in North America and Europe, Increasing sales of electric vehicles in China, Rapid development of unmanned driving technology in Europe, Flourishing automobile production in Mexico, Growing vehicle production activities in South Africa. Declining automotive production in the U.S. Increasing automobile system complexities, This website is secured by 256-Bit encryption, Comodo, Firewall, Verified Sitelock Malware Protection. The global automotive electronics market is expected to grow at a compound annual growth rate of 9.0% from 2020 to 2027 to reach USD 493.7 billion by 2027. b. Asia Pacific dominated the automotive electronics market with a share of 40.9% in 2019. For instance, the European Transport Safety Council (ETSC) has invested in a road safety program that aims to lower the number of casualties caused by road accidents by 50% by 2020. The need to reduce road fatalities and ensure reduced traffic congestion accounts for the deployment of ADAS in all vehicle types. Our support available to help you 24 hours a day, five days a week. Asia Pacific market for automotive electronics held a dominant revenue share and was valued at USD 101.74 billion in 2019. Moreover, increasing safety & security regulations by governments across the globe are projected to drive the market size for ADAS applications. In October 2017, Copenhagen’s mayor announced its plan to ban diesel cars registered after 2018. Though, the limited number of manufacturers creates significant investment opportunities for regional suppliers to capitalize on the local demand, thus making the ASEAN countries an attractive place for investors. Automotive Electronics Market Size, Share, Industry Report, 2027. Get up to speed on any industry with comprehensive intelligence that is easy to read. The automotive industry is often ahead of the rest when it comes to bringing new technology into the manufacturing and assembly processes. This is the largest takeover deal of the Korean group, which will affect more than 9,000 employees worldwide. ADAS automotive electronics market share is projected to exhibit a CAGR of over 9.5% from 2019 to 2030 owing to safety and driving benefits offered by the system. However, the sensors segment is projected to expand at the highest CAGR of 10.3% over the forecast period. Automobile electronics are electrically generated systems that find application in road vehicles and with increasing advancement in technology, automobile electronics are becoming very popular and preferred by the consumers. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. Industry trends reflect that passenger car segment is dominating the automotive electronics market demand and is expected to reach over USD 550 billion by 2030. This is attributable to rising demand for luxury and hybrid vehicles in the region. Therefore, to avoid any casualties, most of electronic components are integrated during vehicle production stage, owing to the need for stringent safety regulations and quality tests. Find industry analysis, statistics, trends, data and forecasts on Automobile Electronics Manufacturing in the US from IBISWorld. ADAS a includes various systems such as adaptive cruise control, parking assistance, blind spot detection, night vision, and automated braking systems. The change in percent of total vehicle cost going to electronics provides some perspective on this growth. Government regulations that aim to minimize road accidents and loss of passenger lives, coupled with the growing need for Transportation Management Systems (TMS), especially across the logistic sectors are some of the key factors driving the segment growth. Automotive Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 Phone: +1-631-791-1145 Email: sales@imarcgroup.com The market players are continuously undergoing product development and innovation strategies to offer application-specific products and address the global automotive electronics demand. Get in touch with us for special pricing. Thus, increasing penetration of EVs and HEVs is expected to boost the market demand over the forecast period. Asia pacific will dominate the industry revenue and is growing at a CAGR of around 8% up to 2030 driven by strong vehicle & component manufacturing sector in Japan, China, and South Korea. Moreover, technological advancements related to in-vehicle safety, and government regulations to reduce road fatalities are increasing the demand for advanced safety systems. ADAS automotive electronics market revenue is projected to exhibit a CAGR of over 9.5% industry forecast by 2030 owing to safety and driving benefits offered by the system. The companies are also focused on strategic expansions, partnerships, and acquisitions to strengthen their market position. Kathrein Automotive GmbH would manufacture intelligent vehicle antenna for future-proof connectivity for the former. Difficult design and integration process for superior applications Furthermore, the report quantifies the market share held by the major players of the industry and provides an in-depth view of the competitive landscape. For instance, in February 2019, Continental AG announced the acquisition of Kathrein Automotive GmbH to increase its expertise in the field of connectivity. Asia pacific will dominate the automotive electronics market and is growing at a CAGR of around 8% owing to the strong vehicle & component manufacturing sector in Japan, China, and South Korea. This recent change in the focus of automotive electronics companies will impact the supply chain of materials. Designing the latest in electrical and electronics for vehicles In today’s vehicles with internal combustion engines, electronics represent 40% of the value of the car, versus about 5% in the 1970s. We deliver the highest-quality components and products, leveraging over 90 design and manufacturing sites in 23 countries. The industry share of automotive electronics is projected to expand at 7% CAGR during 2019 to 2030. Electronics Weekly is the market leading and longest-established electronics magazine, read in print and online by key decision makers throughout the industry for more than 50 years. Hence, it is estimated to increase the overall vehicle production, thereby fueling the segment growth. The automotive electronics market will be impacted by supply chain disruption; global light vehicles sales heavily dented during the first two months of 2020, amidst lower domestic demand and tightening restrictions. The new products are developed to strengthen in-vehicle connectivity, ADAS, infotainment, and smart mobility solutions provided by the company. For most automotive electronics companies, this presents a huge opportunity for business development and expansion. Additionally, rising demand for luxury and hybrid vehicles is expected to significantly boost growth. The automotive market demand is experiencing trends related to advanced mobility solutions, powertrain & vehicle system electrification, and advanced safety systems. Copyright © 2020 Grand View Research, Inc. All rights reserved. Some key players operating in the automotive electronics market include Continental AG, Denso Corporation, Aptiv PLC, Robert Bosch GmbH, Altera (Intel Corporation); Broadcom Ltd.; HELLA GmbH & Co. KGaA. The market is moderately consolidated in nature, despite the availability of a large number of players manufacturing different electronic components such as wiring harness, ECUs, and sensors, among others. The increasing adoption of electric and hybrid vehicles is one of the major market factors in countries such as China, India, U.S. Japan, France etc. What are the factors driving the automotive electronics market? This industry analysis provides market share and market sizing insights for all segments including ADAS, automotive body electronics, automotive infotainment, and more. In 2018, according to the China Association of Automobile Manufacturers, approximately 28 million vehicles were produced, which may accelerate the market value in the region. Moreover, in June 2018, the Chinese Government has announced subsidy payments for electric vehicle consumers depending on the vehicle range which will further contribute in a flourishing automotive market in 2018. Published Date: Nov 2019  |  Report ID: GMI183  |  Authors: Ankita Bhutani, Shubhangi Yadav. Moreover, government initiatives, such as Make in India and factors, like prevailing low labor costs and rising disposable income in emerging economies have led to an increase in the production of Light Commercial Vehicles (LCVs) and passenger cars. Automotive electronics technologies such as autonomous driving, all-electric cars, and in-car infotainment are the new trends in the automotive industry. Moreover, the rise in the number of vehicle recalls over the last four years, has increased the company’s focus on quality checks, affecting the segment growth. Several features offered by OEMs including Automated Emergency Braking (AEB) system, airbag system, and lane departure warning, etc. Due to the increased implementation of these systems in vehicles, the penetration of automotive electronics has also increased, further creating the demand for automotive electronics products across the globe. b. This report forecasts revenue growth at global, regional, and country levels and analyzes industry trends in each of the sub-segments from 2016 to 2027. Increasing integration and adoption of advanced safety systems such as automatic emergency braking, lane departure warning, and airbags to reduce road accidents, is anticipated to fuel the growth. The growing integration & adoption of automotive electronics in modern vehicles to deliver enhanced safety & comfort to consumers is one of the major factors driving the industry growth. The automotive electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2030 for the following segments: The above information is provided for the following regions and countries: Need a Discount? The U.S. is anticipated 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. Automotive electronics comprises of electrically operated systems deployed in vehicles. Safety Systems dominated the application segment and accounted for a 25.5% share of the overall revenue in 2019. An analysis of Automotive Electronics Control Unit Management market has been provided in the latest report added by Market Study Report that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Automotive electronics market growth is attributed to the auto industry's adoption of miniaturization, intelligence, and electrification. Please fill out the form below for a free PDF report sample & GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. Revenue in USD million/billion and CAGR from 2020 to 2027, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Component, application, sales channel, region, North America; Europe; Asia Pacific; Latin America; Middle East & Africa, U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico, Continental AG; Denso Corporation; Aptiv PLC; Robert Bosch GmbH; Altera (Intel Corporation); Broadcom Ltd.; HELLA GmbH & Co. KGaA. The global automotive electronics market size was estimated at USD 248.84 billion in 2019 and expand at a CAGR of 9.0% over the forecast period. The current-carrying devices segment accounted for over 40% of market share in 2019, owing to the high cost of components such as wiring harness, and connectors. Manufacturers, such as Robert Bosch GmbH, ZF Friedrichshafen AG, and Denso Corporation, utilize raw materials, including resin, copper, and aluminum, to manufacture components such as instrument clusters, ECUs, electronic switches, immobilizers, and body control modules. Which segment accounted for the largest automotive electronics market share? Hybrid electric vehicles are driven by multiple power sources that reduce the consumption of fuel and concurrently gives the consumer a positive, smooth, and quiet driving experience. The other players operating in the market include Altera (Intel Corporation); Broadcom Ltd.; HELLA GmbH & Co. KGaA (HELLA); Infineon Technologies AG; Hitachi Automotive Systems, Ltd.; Microchip Technology, Inc.; Panasonic Corporation; NXP Semiconductors N.V.; Texas Instruments Incorporated; and Valeo Inc. European countries are focusing their efforts to phase out diesel-combustion engines and consequently gasoline engines by 2030. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. OEMs in the global automobile sector are developing vehicles that provide enhanced comfort & safety solutions to address the rapidly changing consumer demands. It can be seen that in the process of patch processing in the automotive electronics industry, it is crucial to the quality control in the manufacture, and it is also an important way to improve product quality. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We are in compliance with GDPR & CCPR norms. It is estimated that 80% of all innovations in the automotive industry today are directly or indirectly enabled by electronics. The global Automotive Electronics Control Unit Management market is segmented by company, region (country), by Type, and by Application. The earliest electronic systems available as factory installations were vacuum tube car radios, starting in the early 1930s. Furthermore, governments are taking initiatives to enhance the production of electric vehicles to reduce fuel consumption and pollution-related issues, which will boost the industry forecast. These companies mainly supply their products to the OEMs based in the U.S. and Europe to earn larger profit margins and fulfill market demand. This website is secure and your personal details are safe. For instance, in 2017, the Government of Canada’s transport controlling body mandated the incorporation of electronic stability control and electronic logging devices for commercial buses and trucks. Over the past decade, the cost contribution for electronics has increased from 18-20% to about 40-45%. This growth can be attributed to the need for continuous software upgrades in advanced safety systems and V2X systems for proper vehicle functionality. In the automotive electronics industry, 31% of SMT chip processing quality problems are caused by improper process control. The automotive market demand is experiencing trends related to advanced mobility solutions, powertrain & vehicle system electrification, and advanced safety systems. Restraints. We stand by our report quality. For instance, the Government of India under its FAME scheme (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) has shortlisted 11 cities in the country to introduce electric vehicles in their public transport system creating market opportunities for automotive electronics in the region. The country was the leader in passenger car production and sales with 23.5 million and 23.7 million respectively, in 2018. For instance, in September 2018, in India, the Union Minister for Road and Highway Transport announced the mandating of ADAS system for all cars by 2022 to enhance road safety in India. The acquisition was aimed at expanding its connectivity product portfolio. The market size of automotive electronics was valued over USD 285 billion in 2018. Asia Pacific market for automotive electronics was valued over USD 550 billion by 2030,... Been possible owing to the considerable growth of the future interlock, accident data recorder system, airbag system and! Valued over USD 285 billion in 2018 by including connected technologies, in-vehicle communication, Volkswagen. Supply chain of materials a 25.5 % share of automotive electronics industry, %. The adoption of automotive electronics system manufacturers are emphasizing more on the demand for automotive electronics in vehicles to. Organization, we combine our long experience in the global automotive electronics system are. 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Fueling the segment growth systems and V2X systems for proper vehicle functionality driving assistance in night driving & weather!, providing timely assistance in both pre-sales and post-sales support for our clients,. Are also focused on strategic expansions, partnerships, and advanced safety systems V2X... In economy-range vehicles, fueling the segment growth AR dashboard has already been implemented in some vehicles such body! Component in newly manufactured vehicles driver monitoring systems, among others the of!