Pulished Date August, 2019
ID: 8704
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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

Pulished: August, 2019
ID: 8704
Pages: 175

Automotive Electronics Market Size and Growth Rate:

The Automotive Electronics market is expected to reach USD 410.13 Billion by the end of 2024 with a CAGR of 8.7%. Back-up sensing system, airbags, on/off airbag switches, energy-absorbing steering system, electro-chromatic mirrors / auto-dimming mirrors, head restraints, padded knee bolster, a head-up display, and passenger sensing system are essential electronic systems used to ensure passenger safety, all of these systems come under Automotive Electronic systems.

Recent Developments:

Advanced Driver Assistance System ADAS: ADAS is intended to decrease the driver's workload during the driving phase itself, based on integrated vision technology. Vision systems surround the car, seeking to position the car against driver error, road barriers, other cars and pedestrians within a protective bubble. These devices provide onboard safety systems with recognition and monitoring data for lane departure warning, collision avoidance, driver drowsiness detection, and many more protective characteristics using their visual processing skills.

Advanced Motor Control:

In addition to its main drive engine, an advanced vehicle is packed with dedicated motor-control units driving all kinds of pumps, fans, compressors, rotators, actuators, and servomechanisms. In most instances, the desire for maximum effectiveness and control has encouraged technicians to move beyond traditional scalar control systems to advanced digital vector control algorithms that deliver complete torque at exactly manageable rates with acceleration and deceleration. The advent of sensorless control systems has further opened the door to more cost-effective alternatives, offering engineers with the highest engine capacity to harness the strength of sophisticated techniques of vector control.

Graphical Interfaces:

Manufacturers of automotive products continue to react to the consumer's desire for improved data and entertainment systems. Vehicles in a wide spectrum of classes now offer touchscreen display consoles embedded in-dash, armrest, seatbacks, and even rear-view mirrors (see New TFT LCD Technology Shapes Infotainment for Future Cars). Thin-film-transistor (TFT) LCDs provide the necessary combination of resolution, contrast, and screen size at the heart of these solutions. Using touch-in-vehicle display characteristics, companies provide car occupants with graphical "smartphone-like" interfaces to the vehicle's infotainment and control system, even promising comparable third-party app stores for a broader range of in-vehicle services.

Market Growth:

From 2019 to 2024, the Industrial Valves Market is expected to expand at a CAGR of 8.7%. Percent, reaching USD 410.13 billion by 2024. The increasing demand for the Automotive Electronics market can be attributed to the growing awareness of people about safety due to government campaigning in many countries.

Market Drivers and Restraints:

Drivers:

  • Government intervention into people's safety.
  • A lot of people involving in designing applications for automotive, which increases market reach.
  • Industrial and Technological developments.

Restraints:

  • Huge competition as this is a fast-growing market.

Detailed Segmentation of the Market:

By Component:

The market can be segmented into the electronic control unit, sensors, present carrying systems, and others based on the component. Due to high expenses and vast volumes of electronic switches, fuses, cables installed in cars, the present carrying devices segment resulted in the market in 2018. Besides, regulatory pressures on producers to decrease general emissions from the fleet add up to the cost of manufacturing. Small-scale companies also focus on product development to satisfy the stringent requirements, such as decreasing car weight by replacing lightweight parts.

By Sales Channel:

The sector was divided into OEM and aftermarket based on the sales channel. In 2018, the segment of OEM led the market. Because electronic components are an essential component of cars and play a crucial role in car efficiency, customers prefer to purchase these components via OEMs. Due to the inclusion of electronic switches and fuses fitted with characteristics such as latching, low noise, and ultra-miniaturization, the complexity of these parts is increasing. These complexities are also anticipated to complement OEMs ' dominance over the entire forecast period for the sales channel segment.

By Application:

The market was classified as ADAS, infotainment, body electronics, safety systems, and powertrain based on application. Safety systems led the industry in 2018, representing more than 28.43% of the overall share of income. Airbags, on/off airbag switches, back-up sensing system, electro-chromatic mirror/auto-dimming mirrors, energy-absorbing steering system, head restraints, head-up display, padded knee bolster, and passenger sensing system are essential electronics systems used to ensure passenger safety.

Geographical Segmentation of the market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

In 2018, the Asia Pacific industry was worth USD 93.96 billion. Due to the booming electronic component manufacturing industry, Asian nations, especially Taiwan, South Korea, Malaysia, and Thailand, have made a significant contribution to market growth. China and Japan meet most consumer demand in the Asia Pacific. The restricted number of producers, however, gives regional suppliers an outstanding investment chance to capitalize on local demand, making the remainder of the region an appealing location for investors.

Key Players:

  • Omron Corporation
  • Robert Bosch GmbH
  • Infineon Technologies AG
  • HGM Automotive Electronics
  • Hitachi, Ltd.
  • Delta Electronics, Inc.
  • Atotech Deutschland GmbH
  • TRW Automotive
  • Continental AG
  • Bosch Group
  • Altera Corporation
  • Lear Corporation
  • Aptiv
  • Texas Instruments
  • Atmel Corporation
  • Altera Corporation
  • Denso Corporation.

Automotive Electronics Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of a competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemiology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Component                          

                                5.1.1 Introduction           

                                5.1.2 Electronic Control Unit       

                                5.1.3 Sensors    

                                5.1.4 Current Carrying Devices  

                                5.1.5 Others      

                                5.1.6  Y-o-Y Growth Analysis, By Component      

                                5.1.7  Market Attractiveness Analysis, By Component    

                                5.1.8  Market Share Analysis, By Component      

                5.2 By Application                           

                                5.2.1 Introduction           

                                5.2.2 ADAS         

                                5.2.3 Infotainment         

                                5.2.4 Body Electronics   

                                5.2.5 Safety Systems     

                                5.2.6 Powertrain              

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application       

                                5.2.9 Market Share Analysis, By Application        

                5.3 By Sales Channel                      

                                5.3.1 Introduction           

                                5.3.2 OEM          

                                5.3.3 Aftermarket           

                                5.3.4 Y-o-Y Growth Analysis, By Sales Channel   

                                5.3.5  Market Attractiveness Analysis, By Sales Channel

                                5.3.6  Market Share Analysis, By Sales Channel  

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Component

                                                6.1.3.3 By Application

                                                6.1.3.4 By Sales Channel

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Component

                                                6.1.4.3 By Application

                                                6.1.4.4 By Sales Channel

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Component

                                                6.1.5.3 By Application

                                                6.1.5.4 By Sales Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Omron Corporation                

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Robert Bosch GmbH                               

                8.3 Infineon Technologies AG                    

                8.4 Hitachi, Ltd.                

                8.5 Delta Electronics                       

                8.6 Atotech Deutschland GmbH                               

                8.7 TRW Automotive                     

                8.8 Continental AG                         

                8.9 Bosch Group                              

                8.10 Altera Corporation                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, Collaborations, and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Electronics Market By Region, From 2019-2024 ( USD Billion )
  2. Global Automotive Electronics Market By Component, From 2019-2024 ( USD Billion )
  3. Global Electronic Control Unit Market By Region, From 2019-2024 ( USD Billion )
  4. Global Sensors Market By Region, From 2019-2024 ( USD Billion )
  5. Global Current Carrying Devices Market By Region, From 2019-2024 ( USD Billion )
  6. Global Others Market By Region, From 2019-2024 ( USD Billion )
  7. Global Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  8. Global ADAS Market By Region, From 2019-2024 ( USD Billion )
  9. Global Infotainment Market By Region, From 2019-2024 ( USD Billion )
  10. Global Body Electronics Market By Region, From 2019-2024 ( USD Billion )
  11. Global Safety Systems Market By Region, From 2019-2024 ( USD Billion )
  12. Global Powertrain Market By Region, From 2019-2024 ( USD Billion )
  13. Global Automotive Electronics Market By Sales Channel, From 2019-2024 ( USD Billion )
  14. Global OEM Market By Region, From 2019-2024 ( USD Billion )
  15. Global Aftermarket Market By Region, From 2019-2024 ( USD Billion )

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