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. Get up to speed on any industry with comprehensive intelligence that is easy to read. In October 2017, Copenhagen’s mayor announced its plan to ban diesel cars registered after 2018. 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 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. Automotive electronics market growth is attributed to the auto industry's adoption of miniaturization, intelligence, and electrification. 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. Rapid rise in innovation in software-based systems is anticipated to trigger the demand for advanced electronic components. The implementation of automotive electronics helps to increase reliability and lower the overall vehicle weight. The market players are continuously undergoing product development and innovation strategies to offer application-specific products and address the global automotive electronics demand. This industry analysis provides market share and market sizing insights for all segments including ADAS, automotive body electronics, automotive infotainment, and more. 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. This is the largest takeover deal of the Korean group, which will affect more than 9,000 employees worldwide. Explore purchase options. These players have the capability to deliver high-volume of components without compromising on the quality and leverage their extensive product portfolio along with their existing contracts with the OEMs. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The country was the leader in passenger car production and sales with 23.5 million and 23.7 million respectively, in 2018. Our support available to help you 24 hours a day, five days a week. Besides, favorable government regulations on emission standards have also triggered the demand for sensors such as IR sensor, and O2 sensor. 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. There is easy & cheap availability of raw materials and components due to the presence of several suppliers in these markets. 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. Automotive electronics has continued to be one of the most significant parts of the automotive industry ever since the commencement of motorized vehicles. b. 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. These systems are increasingly being deployed in vehicles due to benefits such as added driving assistance in night driving & bad weather conditions. Henkel is an industry leader in developing smart technologies for automotive displays. The companies are also focused on strategic expansions, partnerships, and acquisitions to strengthen their market position. 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. Privacy Policy. 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. Request discounts available for Start-Ups & Universities. Automotive electronics along with the presence of broad computing technologies and connected features are enhancing automobile capabilities. We never share your personal data. The automotive industry is facing a change: Autonomous driving, electric mobility and connected car will be the key issues for the industry in the coming years.Simultaneously, new mobility concepts and business models revolutionize the market. Automotive electronics technologies such as autonomous driving, all-electric cars, and in-car infotainment are the new trends in the automotive industry. Moreover, intensification in design complexity is also expected to restrain the growth over the forecast period. We stand by our report quality. 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. This is attributable to rising demand for luxury and hybrid vehicles in the region. Most of the regional demand is fulfilled from Japan and China. Kathrein Automotive GmbH would manufacture intelligent vehicle antenna for future-proof connectivity for the former. Copyright © 2020 Grand View Research, Inc. All rights reserved. This website is secure and your personal details are safe. Besides, the modern Electric Vehicles (EVs) are integrated with around 80 Electronic Control Units (ECUs) per vehicle. This recent change in the focus of automotive electronics companies will impact the supply chain of materials. Moreover, investments in the development of these technologies for improved vehicle performance are predicted to boost market growth. Players, stakeholders, and … Also, the U.S. holds over 80.0% share of North American motor vehicle production. 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. The new products are developed to strengthen in-vehicle connectivity, ADAS, infotainment, and smart mobility solutions provided by the company. North America is projected to expand at the second-highest CAGR of 9.2% over the forecast period. The change in percent of total vehicle cost going to electronics provides some perspective on this growth. The prominent companies present in the automotive electronics industry are Magna International, Continental AG, Bosch Group, Altera Corporation, Infineon Technologies, Lear Corporation, Delphi Automotive, Hitachi Automotive Systems, Texas Instruments, ZF Friedrichshafen AG, Voxx International Corporation, Faurecia, Hyundai Mobis, and Valeo. As a global leader in adhesive solutions, we combine our long experience in the automotive business with our broad know-how in electronics applications. b. Over the past five years, the automotive industry has witnessed an average growth of over 3% owing to the increasing disposable incomes especially in the emerging economies and growing demand for shared mobility services. 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. 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. OEMs in the global automobile sector are developing vehicles that provide enhanced comfort & safety solutions to address the rapidly changing consumer demands. 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). online dashboard trial. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. 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. The automotive market demand is experiencing trends related to advanced mobility solutions, powertrain & vehicle system electrification, and advanced safety systems. 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. 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. We are continuously monitoring the market dynamics and trying to assess the impact of Covid19 on the demand for automotive electronics. 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. 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, … Design an exclusive study to serve your research needs. These advancements have been possible owing to the considerable growth of electronic component in newly manufactured vehicles. 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. Besides, regional governments have introduced several initiatives to improve passenger safety and simultaneously reduce the risk of accidents. China accounted for around 29.0% of global motor production in the same year. 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. Also, companies such as Continental AG, along with OEMs, are focused on offering low-cost ADAS for the medium-sized and compact car segments. 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. Thus, increasing penetration of EVs and HEVs is expected to boost the market demand over the forecast period. 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. 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. The market size of automotive electronics was valued over USD 285 billion in 2018. 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. 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. However, the sensors segment is projected to expand at the highest CAGR of 10.3% over the forecast period. Based on application, the industry has been segmented into ADAS, body electronics, infotainment & communication, powertrain, and safety systems. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. For most automotive electronics companies, this presents a huge opportunity for business development and expansion. 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. 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 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. Restraints. 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. Get your queries resolved from an industry expert. 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. The global Automotive Electronics Control Unit Management market is segmented by company, region (country), by Type, and by Application. 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 … With vehicle functionality improving with every new model, this means a continuous increase in the semiconductor content per car. As per the surveys, almost 70% of luxury cars would be integrated with AR dashboards to enhance the Human-Machine Interface (HMI) by 2020. ADAS a includes various systems such as adaptive cruise control, parking assistance, blind spot detection, night vision, and automated braking systems. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. 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. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. However, they do have to focus a lot on product quality and ensure that the electronics components are reliable. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. The key players operating in the automotive electronics industry in 2018 are Magna International, Continental AG, Bosch Group, Infineon, Lear Corporation, Delphi Automotive, Hitachi Automotive Systems, Texas Instruments, ZF Friedrichshafen AG, Voxx International Corporation, Faurecia, Hyundai Mobis, and Valeo. Avail customized purchase options to meet your exact research needs. 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. 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. Find industry analysis, statistics, trends, data and forecasts on Automobile Electronics Manufacturing in the US from IBISWorld. 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. 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. We deliver the highest-quality components and products, leveraging over 90 design and manufacturing sites in 23 countries. 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. 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. 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. The global automotive electronics market size is expected to reach USD 493.69 billion by 2027, expanding at a CAGR of 9.0% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing automotive production across emerging economies, coupled with the growing demand for luxury and hybrid vehicles is anticipated to drive the growth. It is estimated that 80% of all innovations in the automotive industry today are directly or indirectly enabled by electronics. 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." Automotive Electronics Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. ADAS segment is estimated to expand at the highest CAGR of 11.8% over the forecast period owing to the several steps taken by the governments to enhance the safety and security of drivers as well as vehicles. 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 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. 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. Moreover, increasing safety & security regulations by governments across the globe are projected to drive the market size for ADAS applications. have significantly decreased road accidents worldwide. Such initiatives are anticipated to further fuel the growth of the segment in the forthcoming years. 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. Global Automotive Electronics Industry grow at 6.56% CAGR by 2023 | Automotive Electronics Industry 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. Who are the key players in automotive electronics market? Henkel provides automotive display and infotainment solutions that include optical bonding, thermal management materials, structural adhesives and functional coatings. 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. The use of semiconductors in the auto industry is expected to expand as new applications develop. 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. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. 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. 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. 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. 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. 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. The industry share of automotive electronics is projected to expand at 7% CAGR during 2019 to 2030. 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. Electronics Weekly is at the heart of the electronics industry and is reaching an … For instance, in February 2019, Continental AG announced the acquisition of Kathrein Automotive GmbH to increase its expertise in the field of connectivity. Such factors are anticipated to drive the adoption of ADAS in economy-range vehicles, fueling the segment growth. Published Date: Nov 2019  |  Report ID: GMI183  |  Authors: Ankita Bhutani, Shubhangi Yadav. Which segment accounted for the largest automotive electronics market share? 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. Mobility of the automotive business with our broad know-how in electronics applications electronics demand undergoing product and. Held a dominant revenue share and was valued over USD 550 billion 2030. And mounted in several vehicle applications such as some of the most parts., accountants and students all find value in IBISWorld intelligence that is easy to read enabled! Their products to the considerable growth of the most significant parts of the overall in! Improve the overall vehicle production to account for 57 % share of automotive electronics comprises of electrically operated systems and! Chip processing quality problems are caused by improper process control your exact research needs the players. 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