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The global automotive electronics market is estimated to grow significantly, at a CAGR of over 7%, during the forecast period. The automotive industry is involved in the design, development, manufacturing, marketing, and trading of motor vehicles. Electronic components, from basic wave radars to temperature sensors are playing prominent roles in new car models. Automotive makers are implementing smart technologies with each model year. Cameras and automotive radar chipsets are being used in newer car models. These components can sense objects in front as well as rear and convey caution message and also activate signals to another set of systems within the car, such as the ABS (Automatic Braking System), to avoid accidents.
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The rising demand for autonomous vehicles and electric vehicles is expected to boost the automotive electronics market during the forecast period. An autonomous vehicle is an electronically assisted vehicle; therefore, its functionality is developed with the interconnection of various electronic devices in restricted space and flexible design with various software technologies. Along with this, the increasing demand for safety and comfort features in the automotive further act as a driving factor for the growth of the global automotive electronics market. Despite several driving factors of the market, there are several factors that hamper the market growth, such as high prices of ADAS and increasing risk for data breaches in connected cars.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Electronics Market- Segmentation
By Type
- OEM
- Aftermarket
By Component Type
- Sensor
- Electronic Control Unit
- Current Carrying Devices
By Application
- Advanced driver-assistance systems (ADAS)
- Infotainment
- Powertrain
- Safety System
- Body Electronics
Global Automotive Electronics Market– Segment by Region
North America
- United States
- Canada
Europe
Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive electronics market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
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