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. The development of semiconductors after World War II greatly expanded the use of electronics in automobiles, with solid-state diodes making the automotive alternator the standard after about 1960, and the first transistorized ignition systems appearing about 1955 . Declining automotive production in the U.S. Increasing automobile system complexities, This website is secured by 256-Bit encryption, Comodo, Firewall, Verified Sitelock Malware Protection. 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. Moreover, increasing safety & security regulations by governments across the globe are projected to drive the market size for ADAS applications. Which segment accounted for the largest automotive electronics market share? 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. Automotive electronics system manufacturers are emphasizing more on the recent trends in automotive industry such as autonomous driving and electric & hybrid-electric vehicles. The country was the leader in passenger car production and sales with 23.5 million and 23.7 million respectively, in 2018. The change in percent of total vehicle cost going to electronics provides some perspective on this growth. Explore purchase options. have significantly decreased road accidents worldwide. We develop innovative solutions for the mobility of the future! Free report customization (equivalent up to 8 analysts working days) with purchase. The new products are developed to strengthen in-vehicle connectivity, ADAS, infotainment, and smart mobility solutions provided by the company. For this study, Grand View Research has segmented the global automotive electronics market based on component, application, sales channel, and region: Component Outlook (Revenue, USD Million, 2016 - 2027), Application Outlook (Revenue, USD Million, 2016 - 2027), Sales Channel Outlook (Revenue, USD Million, 2016 - 2027), Regional Outlook (Revenue, USD Million, 2016 - 2027). Get in touch with us for special pricing. Thus, increasing penetration of EVs and HEVs is expected to boost the market demand over the forecast period. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Automobile electronics are electrically generated systems that find application in road vehicles and with increasing advancement in technology, automobile electronics are becoming very popular and preferred by the consumers. European countries are focusing their efforts to phase out diesel-combustion engines and consequently gasoline engines by 2030. 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. Additionally, rising demand for luxury and hybrid vehicles is expected to significantly boost growth. Design an exclusive study to serve your research needs. Chart. Kathrein Automotive GmbH would manufacture intelligent vehicle antenna for future-proof connectivity for the former. 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 industry growth. 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. This report has a service guarantee. 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. 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. In October 2017, Copenhagen’s mayor announced its plan to ban diesel cars registered after 2018. 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. Rising incorporation & adoption of automotive electronics in vehicles. Moreover, intensification in design complexity is also expected to restrain the growth over the forecast period. 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. 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 total subsidy funded by the government on electric vehicle purchases varies from 250 miles or more in USD 10,000. Automotive Electronics Market Size, Share, Industry Report, 2027. All interactions are confidential. 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. 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. Such initiatives are anticipated to further fuel the growth of the segment in the forthcoming years. Alcohol ignition interlock, accident data recorder system, and emergency call system are gaining attraction, which will propel the market share. 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. Automotive electronics has continued to be one of the most significant parts of the automotive industry ever since the commencement of motorized vehicles. OEMs comprise vehicle manufacturers, such as BMW Motorrad, General Motors, and Volkswagen AG. Avail customized purchase options to meet your exact research needs. Automotive Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 Phone: +1-631-791-1145 Email: sales@imarcgroup.com 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. 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 Growing production and consumption of passenger vehicles across the globe is generating a high demand for automotive electronics system and components such as powertrain solution, infotainment system, and safety systems. Also, the U.S. holds over 80.0% share of North American motor vehicle production. For instance, in February 2019, Continental AG announced the acquisition of Kathrein Automotive GmbH to increase its expertise in the field of connectivity. Henkel provides automotive display and infotainment solutions that include optical bonding, thermal management materials, structural adhesives and functional coatings. online dashboard trial. As a global leader in adhesive solutions, we combine our long experience in the automotive business with our broad know-how in electronics applications. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. 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. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. 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. Growing production and consumption of passenger vehicles across the globe is generating a high demand for automotive electronics system and components such as powertrain solution, infotainment system, and safety systems. Electronics Weekly is at the heart of the electronics industry and is reaching an … The industry trends reflect that passenger car segment is dominating the market demand and is expected to reach over USD 550 billion by 2030. Get up to speed on any industry with comprehensive intelligence that is easy to read. 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. 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. Addition or alteration to country, regional & segment scope. 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. The digitization of automotive systems by including connected technologies, in-vehicle communication, and ADAS & automated systems creates several opportunities for market growth. The companies are also focused on strategic expansions, partnerships, and acquisitions to strengthen their market position. 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 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. 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. Request discounts available for Start-Ups & Universities. As a result, there is a huge requirement of enhanced powertrain and engine management systems that provide better fuel consumption capabilities. 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). b. 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. What are the factors driving the automotive electronics market? 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. 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. Automotive electronics along with the presence of broad computing technologies and connected features are enhancing automobile capabilities. Find industry analysis, statistics, trends, data and forecasts on Automobile Electronics Manufacturing in the US from IBISWorld. Besides, favorable government regulations on emission standards have also triggered the demand for sensors such as IR sensor, and O2 sensor. How big is the automotive electronics market? The use of semiconductors in the auto industry is expected to expand as new applications develop. Besides, the modern Electric Vehicles (EVs) are integrated with around 80 Electronic Control Units (ECUs) per vehicle. Our support available to help you 24 hours a day, five days a week. Rapid rise in innovation in software-based systems is anticipated to trigger the demand for advanced electronic components. 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. Moreover, technological advancements related to in-vehicle safety, and government regulations to reduce road fatalities are increasing the demand for advanced safety systems. 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. 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. Thus, fluctuation in the price of raw materials may hamper the growth of the automotive electronics market. Moreover, investments in the development of these technologies for improved vehicle performance are predicted to boost market growth. It is estimated that 80% of all innovations in the automotive industry today are directly or indirectly enabled by electronics. 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. Moreover, the positive shift toward the adoption of self-driving cars could significantly drive the demand for sensors. 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. Several features offered by OEMs including Automated Emergency Braking (AEB) system, airbag system, and lane departure warning, etc. This growth can be attributed to the need for continuous software upgrades in advanced safety systems and V2X systems for proper vehicle functionality. 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. The market players are continuously undergoing product development and innovation strategies to offer application-specific products and address the global automotive electronics demand. China accounted for around 29.0% of global motor production in the same year. Get your queries resolved from an industry expert. The OEM segment held the dominant market share in 2019, as most of the electronic components are integrated during the vehicle manufacturing stage. Players, stakeholders, and … The aftermarket segment is anticipated to expand at a minimal CAGR over the forecast period owing to the increasing complexity of electronic components. The earliest electronic systems available as factory installations were vacuum tube car radios, starting in the early 1930s. The global Automotive Electronics Control Unit Management market is segmented by company, region (country), by Type, and by Application. 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. Global Automotive Electronics Industry grow at 6.56% CAGR by 2023 | Automotive Electronics Industry 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. 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. Copyright © 2020 Grand View Research, Inc. All rights reserved. The need to reduce road fatalities and ensure reduced traffic congestion accounts for the deployment of ADAS in all vehicle types. In the automotive electronics industry, 31% of SMT chip processing quality problems are caused by improper process control. 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 … The AR dashboard has already been implemented in some vehicles such as some of the BMW models. 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, … The global automotive electronics market is expected to grow at a compound annual growth rate of 9.0% from 2020 to 2027 to reach USD 493.7 billion by 2027. b. Asia Pacific dominated the automotive electronics market with a share of 40.9% in 2019. Additionally, given the US-China Trade tension and augmented situation in the US due to Covid 19, the demand side will also take a toll. Aftermarket is the secondary market concerned with the distribution, manufacturing, installation, and retailing of all vehicle accessories and parts after the automobile sales. Automotive electronics technologies such as autonomous driving, all-electric cars, and in-car infotainment are the new trends in the automotive industry. Automotive electronics market growth is attributed to the auto industry's adoption of miniaturization, intelligence, and electrification. 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. 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. 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. We are continuously monitoring the market dynamics and trying to assess the impact of Covid19 on the demand for automotive electronics. 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. Henkel is an industry leader in developing smart technologies for automotive displays. Automotive Electronics Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. We are a reliable partner for innovative mounting solutions in the emerging business field of automotive digitization and … 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. Automotive electronics are the electrically operated systems integrated and mounted in several vehicle applications such as body electronics, safety systems, and infotainment. 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. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. Published Date: Nov 2019 | Report ID: GMI183 | Authors: Ankita Bhutani, Shubhangi Yadav. 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. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. The industry share of automotive electronics is projected to expand at 7% CAGR during 2019 to 2030. 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. Hence, it is estimated to increase the overall vehicle production, thereby fueling the segment growth. 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 more details on this report - Request Free Sample PDF. 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. 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. b. ADAS a includes various systems such as adaptive cruise control, parking assistance, blind spot detection, night vision, and automated braking systems. Besides, regional governments have introduced several initiatives to improve passenger safety and simultaneously reduce the risk of accidents. Over the past decade, the cost contribution for electronics has increased from 18-20% to about 40-45%. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The implementation of automotive electronics helps to increase reliability and lower the overall vehicle weight. 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. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. The company introduced affordable ADAS systems, including traffic sign recognition, lane departure warning system, and driver monitoring systems, among others. For electric or hybrid vehicles, that number jumps as high as 75%. These advancements have been possible owing to the considerable growth of electronic component in newly manufactured vehicles. b. 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. What is the automotive electronics market growth? 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. Based on application, the industry has been segmented into ADAS, body electronics, infotainment & communication, powertrain, and safety systems. Privacy Policy. 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. Also, companies such as Continental AG, along with OEMs, are focused on offering low-cost ADAS for the medium-sized and compact car segments. OEMs in the global automobile sector are developing vehicles that provide enhanced comfort & safety solutions to address the rapidly changing consumer demands. 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. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. For most automotive electronics companies, this presents a huge opportunity for business development and expansion. We are in compliance with GDPR & CCPR norms. 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 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. Please fill out the form below for a free PDF report sample & However, they do have to focus a lot on product quality and ensure that the electronics components are reliable. There is easy & cheap availability of raw materials and components due to the presence of several suppliers in these markets. 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. 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