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Pulished Date February, 2020
ID: 9082
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Europe Automotive Electronics Market by Vehicle Type (Passenger Cars and Commercial Vehicles), by Sales Channel (OEM and Aftermarket), by Application (Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, and Safety Systems) – Regional Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2024

Pulished: February, 2020
ID: 9082
Pages: 100

Product Description:

Automotive electronics is a system developed electrically for road vehicles, which plays a vital role in the control of the vehicle's engine. Systems such as engine ignition (sparks, synchronization), fuel injection, music, communication systems, exhaust control, heating/air conditioning, navigation systems, safety systems are a few functions that are electronically controlled in the vehicle. Automotive electronics originated from the transition to advanced security systems. Due to technological advances, automotive electronics is becoming popular and increasingly adopted by consumers.

Market Overview

The revenues of the European Automotive Electronics Market will exceed US$ 500 billion by 2024.

Recent Developments and Trends

In September 2017, Bosch announced a partnership with Nikola Motor Company for the development of powertrain products for commercial vehicles.

In December 2017, Lear Corporation acquired the Israel-based GPS developer EXO Technologies to invest in acquisitions to strengthen its advanced electronic portfolio. The company focuses on expanding its main seating business and integrating intelligent systems within vehicles.

Market Growth

Europe Automotive Electronics Market to exceed US$ 500 billion by 2024, growing at an annual rate of approximately 8.14% over the next five years.

Technological innovations in automotive electronic systems help increase vehicle efficiency and improve user connectivity. Rising automobile production and the need for enhanced protection are likely to drive the demand for these systems in the coming years.

Market Drivers 

The Europe Automotive Electronics Market is driven primarily by the growing demand for premium audio systems combined with advanced driver assistance systems. The recent movement of the automotive industry towards a policy that offers luxury and comfort is a crucial factor in revitalizing the automotive electronics market. Manufacturers in this market are integrating superior digital microchip processors and chips into today's audio systems. As the demand for audio systems technologies increases, such as hands-free communication systems with Bluetooth, station guidance systems, energy-efficient systems, vehicle noise compensation and touchscreen navigation systems, Europe Automotive Electronics Market continues to excite market participants and new entrants. 

In addition, the introduction of new technologies, such as emergency call systems, increased interest in vehicle safety, alcohol ignition interlocks and accident recording systems, will drive this market growth over the estimated period. The constant use of various electronic components of car manufacturers has created new business opportunities for suppliers. High consumer purchasing power and lifestyle changes are expected to support the automotive electronics market in the near future. 

Market Restraints

However, the growing trend of information and entertainment in vehicles will set new horizons for growth soon, which may limit the expansion of the automotive electronics market.

Market Segmentation

By Vehicle Type:

Based on the vehicle type, Europe Automotive Electronics Market is divided into Passenger Cars and Commercial Vehicles. Of these, the passenger cars segment accounts for the prominent share, owing to the rising population, urbanization and usage in most of the western countries. However, in the foreseen years, with the adoption of ADAS and favorable government laws, the commercial vehicles segment will contribute a considerable share to overall business development.

By Sales Channel:

Based on the sales channel, Europe Automotive Electronics Market is separated as Original Equipment Manufacturers (OEM) and Aftermarket. The sales in the OEM segment are relatively high compared to the aftermarket sales in 2018, attributing to the consumer concern to improve the performance of cars with the addition of new and advanced components that are purchased directly from the renowned manufacturers.

By Application:

Based on the applications, the European Automotive Electronics Market is divided into Advanced Driver Assistance System (ADAS), power trains, security systems, entertainment and body electronics. In 2018, the security system sector occupied the largest market share. The actions taken by regulatory committees in several countries to prevent accidents are expected to accelerate the growth of the segment. Nonetheless, the ADAS and infotainment sectors will be the most attractive in the coming years.

Regional Analysis

In the European automotive electronics market, information and entertainment applications are in high demand due to their implementation in luxury and passenger cars. With a focus on providing the luxury and comfort features offered by leading car manufacturers in European countries such as Germany and Italy, the prospects for industrial development are even more significant. Strict European regulatory frameworks related to vehicle safety and road safety are creating some growth opportunities for the automotive electronics market in this area.

Key Players

Popular companies in this market include Delphi Technologies, Continental AG, Bosch Group, Hyundai Mobis, Johnson Control, ZF Friedrichshafen AG, Hitachi Automotive Systems, Denso Corporation, Autoliv, Inc., Samsung Group, and Lear Corporation.

Research Methodology

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Report 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 segmentations of the market, 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 as a result of competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Automotive Electronics Market, By Vehicle Type                       

                              6.1.1 Passenger Cars      

                              6.1.2 Commercial Vehicles          

                              6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Automotive Electronics Market, By Sales Channels                   

                              6.2.1 OEM          

                              6.2.2 Aftermarket           

                              6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.4 Y-o-Y Growth Rate Analysis              

                              6.2.5 Market Attractiveness Index           

               6.3 Automotive Electronics Market, By Application                          

                              6.3.1 Advanced Driver Assistance System (ADAS)               

                              6.3.2 Power Trains          

                              6.3.3 Security Systems   

                              6.3.4 Entertainment       

                              6.3.5 Body Electronics   

                              6.3.6 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.7 Y-o-Y Growth Rate Analysis              

                              6.3.8 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Vehicle Type     

                              7.2.3 By Sales Channels 

                              7.2.4 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Vehicle Type     

                              7.3.3 By Sales Channels 

                              7.3.4 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Vehicle Type     

                              7.4.3 By Sales Channels 

                              7.4.4 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Vehicle Type     

                              7.5.3 By Sales Channels 

                              7.5.4 By Application        

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Vehicle Type     

                              7.6.3 By Sales Channels 

                              7.6.4 By Application        

8. Key Player Analysis                                   

               8.1 Denso Corporation                 

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Delphi Technologies               

               8.3 Continental AG                        

               8.4 Robert Bosch Group               

               8.5 Johnson Control                      

               8.6 Hitachi Automotive Systems               

               8.7 Hyundai Mobis                         

               8.8 Samsung Group                       

               8.9 Lear Corporation                     

               8.10 ZF Friedrichshafen AG                        

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               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
  • Europe Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • Europe Passenger Cars Market By Region, From 2019-2024 ( USD Billion )
  • Europe Commercial Vehicles Market By Region, From 2019-2024 ( USD Billion )
  • Europe Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • Europe OEM Market By Region, From 2019-2024 ( USD Billion )
  • Europe Aftermarket Market By Region, From 2019-2024 ( USD Billion )
  • Europe Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  • Europe Advanced Driver Assistance System (ADAS) Market By Region, From 2019-2024 ( USD Billion )
  • Europe Power Trains Market By Region, From 2019-2024 ( USD Billion )
  • Europe Security Systems Market By Region, From 2019-2024 ( USD Billion )
  • Europe Entertainment Market By Region, From 2019-2024 ( USD Billion )
  • Europe Body Electronics Market By Region, From 2019-2024 ( USD Billion )
  • U.K. Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • U.K. Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • U.K. Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  • Germany Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • Germany Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • Germany Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  • France Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • France Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • France Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  • Italy Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • Italy Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • Italy Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )
  • Spain Automotive Electronics Market By Vehicle Type, From 2019-2024 ( USD Billion )
  • Spain Automotive Electronics Market By Sales Channels, From 2019-2024 ( USD Billion )
  • Spain Automotive Electronics Market By Application, From 2019-2024 ( USD Billion )

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