Automotive electronics comprises of electrically operated systems deployed in vehicles. Design an exclusive study to serve your research needs. 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 automotive electronics industry growth. We are a reliable partner for innovative mounting solutions in the emerging business field of automotive digitization and … Based on application, the industry has been segmented into ADAS, body electronics, infotainment & communication, powertrain, and safety systems. There is easy & cheap availability of raw materials and components due to the presence of several suppliers in these markets. The primary purpose of automotive electronics in vehicles is to improve the overall performance of vehicle without affecting driver convenience. 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. 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. Thus, fluctuation in the price of raw materials may hamper the growth of the automotive electronics market. 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. Get in touch with us for special pricing. This is the largest takeover deal of the Korean group, which will affect more than 9,000 employees worldwide. We develop innovative solutions for the mobility of the future! 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. 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. 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. 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. This growth can be attributed to the need for continuous software upgrades in advanced safety systems and V2X systems for proper vehicle functionality. North America is projected to expand at the second-highest CAGR of 9.2% over the forecast period. 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. 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. Besides, regional governments have introduced several initiatives to improve passenger safety and simultaneously reduce the risk of accidents. Free report customization (equivalent up to 8 analysts working days) with purchase. 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. 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. This is attributable to rising demand for luxury and hybrid vehicles in the region. This recent change in the focus of automotive electronics companies will impact the supply chain of materials. Moreover, OEMs are focusing to implement various ADAS systems, such as adaptive cruise control, parking assistance, blind-spot detection, night vision, and automated braking systems, to enhance the driving experience to drive market demand. 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. The total subsidy funded by the government on electric vehicle purchases varies from 250 miles or more in USD 10,000. What are the factors driving the automotive electronics market? Automotive Electronics Market Size by Vehicle Type (Passenger Cars, Commercial Vehicles), By Applica... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, UK, Germany, France, Italy, Russia, Spain, Benelux, Poland, Sweden, China, India, Japan, Australia, South Korea, Taiwan, Thailand, Malaysia, Indonesia, Brazil, Mexico, Argentina, Colombia, South Africa, 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, 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. 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. 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, … 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. Restraints. Automotive vehicles are transforming into the “ultimate electronic devices.” Automotive electronics are predicted to constitute near a third of the total cost of the entire car. Our support available to help you 24 hours a day, five days a week. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. Automotive Electronics Market Size, Share, Industry Report, 2027. 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. European countries are focusing their efforts to phase out diesel-combustion engines and consequently gasoline engines by 2030. Thus, increasing penetration of EVs and HEVs is expected to boost the market demand over the forecast period. For instance, in May 2018, Magna International announced its collaboration with Renesas Electronics Corporation to accelerate the development and adoption of advanced ADAS driving the market growth. As a global leader in adhesive solutions, we combine our long experience in the automotive business with our broad know-how in electronics applications. For most automotive electronics companies, this presents a huge opportunity for business development and expansion. 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. This industry analysis provides market share and market sizing insights for all segments including ADAS, automotive body electronics, automotive infotainment, and more. The industry share of automotive electronics is projected to expand at 7% CAGR during 2019 to 2030. Explore purchase options. 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. Such initiatives are anticipated to further fuel the growth of the segment in the forthcoming years. However, the sensors segment is projected to expand at the highest CAGR of 10.3% over the forecast period. We deliver the highest-quality components and products, leveraging over 90 design and manufacturing sites in 23 countries. Automotive electronics along with the presence of broad computing technologies and connected features are enhancing automobile capabilities. 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. 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. The report will account for Covid-19 as a key market contributor. These advancements have been possible owing to the considerable growth of electronic component in newly manufactured vehicles. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. 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. 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. With vehicle functionality improving with every new model, this means a continuous increase in the semiconductor content per car. The digitization of automotive systems by including connected technologies, in-vehicle communication, and ADAS & automated systems creates several opportunities for market growth. Henkel provides automotive display and infotainment solutions that include optical bonding, thermal management materials, structural adhesives and functional coatings. Please fill out the form below for a free PDF report sample & Aftermarket is the secondary market concerned with the distribution, manufacturing, installation, and retailing of all vehicle accessories and parts after the automobile sales. Most of the regional demand is fulfilled from Japan and China. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Moreover, investments in the development of these technologies for improved vehicle performance are predicted to boost market growth. Hence, it is estimated to increase the overall vehicle production, thereby fueling the segment growth. The number of sensors deployed per vehicle has increased significantly over the past decade, owing to the growing consumer demand for comfort, convenience, and security. b. Such factors are anticipated to drive the adoption of ADAS in economy-range vehicles, fueling the segment growth. 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. 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. The AR dashboard has already been implemented in some vehicles such as some of the BMW models. This is owing to the presence of well-established players, such as Continental AG, Denso Corporation, Aptiv PLC, Robert Bosch GmbH that hold a dominant market share. Our customers rely on us to produce accurate, reliable and timely information. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems is primarily used in order to increase the overall efficiency of the combined system. b. 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? 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. Besides, favorable government regulations on emission standards have also triggered the demand for sensors such as IR sensor, and O2 sensor. All interactions are confidential. These systems are increasingly being deployed in vehicles due to benefits such as added driving assistance in night driving & bad weather conditions. 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 … 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. Over the next decade, technologies such as Machine Learning (ML), Augmented Reality (AR), and Artificial Intelligence (AI) are anticipated to transform the driving experience completely. The earliest electronic systems available as factory installations were vacuum tube car radios, starting in the early 1930s. Get your queries resolved from an industry expert. The use of semiconductors in the auto industry is expected to expand as new applications develop. Automotive electronics market growth is attributed to the auto industry's adoption of miniaturization, intelligence, and electrification. 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. Get up to speed on any industry with comprehensive intelligence that is easy to read. 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. 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. The need to reduce road fatalities and ensure reduced traffic congestion accounts for the deployment of ADAS in all vehicle types. 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. 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. 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. The regulations primarily focus on the reduction of fuel consumption for passenger cars while simultaneously maximizing the sale of new energy vehicles, including plug-in hybrid and fully electric vehicles. 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. Find industry analysis, statistics, trends, data and forecasts on Automobile Electronics Manufacturing in the US from IBISWorld. Electronics Weekly is at the heart of the electronics industry and is reaching an … Who are the key players in automotive electronics market? 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. Moreover, intensification in design complexity is also expected to restrain the growth over the forecast period. will further contribute towards the increase of automotive electronics market share over the forecast period. The automotive market demand is experiencing trends related to advanced mobility solutions, powertrain & vehicle system electrification, and advanced safety systems. b. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. Also, companies such as Continental AG, along with OEMs, are focused on offering low-cost ADAS for the medium-sized and compact car segments. Over the past decade, the cost contribution for electronics has increased from 18-20% to about 40-45%. Automotive Electronics Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Request discounts available for Start-Ups & Universities. We never share your personal data. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. 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. This website is secure and your personal details are safe. 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. This report has a service guarantee. 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. Get more details on this report - Request Free Sample PDF. For electric or hybrid vehicles, that number jumps as high as 75%. We stand by our report quality. Also, the U.S. holds over 80.0% share of North American motor vehicle production. 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