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The Automotive Electronics Market was size was recorded at USD 260.25 Billion in 2023 and is been estimated to reach USD 503.53 Billion by 2032. The expected CAGR is 8.6% over the forecast period of 2024-2032.
The growing penetration and deployment of advanced safety systems which are composed of automatic emergency braking, airbags, parking assistance systems & lane departure, and warnings to reduce road mishaps is anticipated to bode well for market growth in the upcoming years. Furthermore, the integration of emergency call systems, alcohol ignition interlocks, and accident data recorder systems to protect in-vehicle occupants is being adopted faster and this trend will sustain market growth over the forecast period.
As per the overall electric car sales in 2024, more than 3 million electric cars were sold globally between January and March (25% higher YOY), compared to the previous year's sales record. Most of the sales came from China, which saw more than a half-million additional electric car sales compared to over that period in 2023. China also leads the world in electric truck sales: it sold 36,000 electric trucks in 2022. Furthermore, it also tops the market in battery swapping: 49.5% of the electric trucks it sold in 2022 were capable of swapping.
In Addition to that, a US, Startup Company called Ample is partnering with Japan’s Mitsubishi Fuso to manufacture battery-swappable last-mile delivery trucks. According to the company’s founder, “These trucks amount to 25-30% of global urban emissions, and they had also designed a new type of swapping station where the trucks could pull right through one without having to back out”.
Market Dynamics
Drivers
Advanced integrated technology drives the demand for electric vehicles and autonomous driving.
2023 has shown a new trend of surge in electric vehicle sales which has increased from last year by 35% Growth for these cars is being driven by the falling price of batteries, greater choice on the market, and government policies/incentives. New cars are being developed for ADAS and automotive-grade autonomy, consisting of high-end software for lane-keeping assistance, adaptive cruise control, and automated emergency braking to numerous sensors (cameras, radar, etc.), which has made this market attractive for customers. Rapidly growing production of vehicles without a driver from automakers gives an increased demand for current modern electronics components such as processors, sensors, and actuators.
According to a study on demand and sales over the region, in 2023, 60% of new electric car registrations were in the People’s Republic of China, just under 25% in Europe, and 10% in the United States – corresponding to nearly 95% of global electric car sales combined. In these countries, electric cars account for a large share of local car markets: more than one in three new car registrations in China was electric in 2023, over one in five in Europe, and one in ten in the United States. In line with that, in 2024, electric car sales in the United States are forecasted to rise by 20% compared to the previous year, converting to almost half a million more sales, relative to 2023.
Restrain
The high cost associated with installation and maintenance hinders the market.
Opportunity
The rising technological advancement in the automotive industry and growing startups, making this market popular.
Various companies are investing in the startups in this market that have made this market popular as compared to other alternatives. For example, CAPSolar, a startup in Canada, focuses on the efficiency of batteries by reducing the draining issue of the battery by developing solar modules for Light electric vehicles. Another example is EPowerlab, in Spain which focuses on providing product development and maintenance services for e-mobility powertrains through its advanced technology called Proprietary DeveLinkSTUDIO Technology.
Challenges
The lack of efficient infrastructure for transportation in developing and under-developed economies.
By Application
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
The safety systems segment held the largest market revenue share of more than 35% in 2023. The increasing demand for a mix of infotainment solutions that include entertainment, connectivity, and navigation features is leading the rise in the automotive electronics market size. Furthermore, several car makers & tech providers are teaming up to create cars loaded with powerful infotainment systems. On the other hand, Toyota has announced an expansion in its collaboration with Google Cloud to bring next-generation in-vehicle multimedia for Tesla and Lexus vehicles using AI-based speech services from Google Cloud. At the same time, Mercedes-Benz AG and Qualcomm Technologies Inc. announced that they will extend their strategic partnership to deploy Snapdragon Digital Chassis-based solutions in luxury cars of technology designed to transform high-density information into user-friendly displays quickly with pictures or text presented at driving speed without drivers feeling overwhelmed by data overload.
By Sales Channel
OEM
Aftermarket
OEM is the largest segment of the automotive electronics market with more than 55% of revenue share in 2023, owing to its ability to incorporate electronic systems easily during vehicle manufacturing. In addition, OEMs and tech. Giants are collaborating to provide smart features in the new next-gen models that will help spur further calls for cutting-edge automotive electronics. For example, a partnership between Ford Motors and Google to supply connected car apps. Ford Motors is innovating its connected vehicle business integration through this partnership. In addition, much stronger safety and emissions rules require advanced electronics to keep up with requirements.
By Vehicle Type
Two Wheeler
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
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By Propulsion
ICE
Electric
The electric segment dominated the market with more than 53.5% of market share in 2023. vehicles have many different car electronics, incorporating battery management, electric motor control, regenerative braking, and charging infrastructure integration electronics. Therefore it provides a source of growth in the electric/hybrid segment. For Example, Sony created a partnership with Honda, under its inaugural brand “Afeela”, in January 2023. The Electronic Control Unit (ECU) controls the other various engine parameters such as fuel injection timing, ignition timing, and air-fuel ratio to control combustion efficiency and get maximum power. This is stoking the market for the ICE propulsion segment.
By Component
Electronic Control Unit
Sensors
Current Carrying Devices
Others
The current-carrying devices led the market and occupied 40% of the share in 2023. In automobiles, current-carrying devices are highly important to pass through electrical power and signals between different parts of the vehicle circuit. This segment of the market is expected to drive demand for current-carrying devices since electronic components are expensive, and vehicles typically use many such components (e.g., switches, fuses, sensors), as well as connectors and wiring harnesses. The sensors segment is projected to be the fastest-growing of its line over the forecast period. These factors contribute to the growing automotive electronics market likely booming constantly as more people are inclined towards vehicles for their car safety, energy saving and also is a smart connected vehicle.
Regional Analysis
With a market share of more than 41% Asia Pacific dominated the automotive electronics market in 2023. The Asia Pacific region is experiencing growth due to several causes, including increased consumer spending power, expanding consumer awareness of safety technology, and an increase in the demand for electronics and innovative features in automobiles. It is the objective of automotive manufacturers to increase their volume of production by applying modern manufacturing technology. For example, Daimler Benz, General Motors, and Volkswagen all moved production plants to developing regions.
For Instance: In 2023, the automotive electronics market in China held a revenue share of more than 50% of Asia Pacific. Rising usage of electric cars due to the high emission taxes and leading government incentives, increasing subsidies towards the development of new energy vehicles is expected to create significant opportunities for growth across the automotive electronics market as well. Additionally, with significant investments from China towards autonomous driving technology sensors / LiDAR/ radar systems and AI algorithms are expected to grow in the region.
In Addition to China, U.S. Automotive Electronics Market is projected to Grow at a significant rate. Connected cars define the new reality for most in the U.S. automotive industry, not only in terms of navigation and infotainment but also in driving habits of Americans towards vehicles that are Internet-accessible communicating with car-to-car communications among other devices such as surrounding infrastructure like streetlights and stop signs, etc. This trend will create an opportunity for the growth of automotive electronics as connected cars need advanced electronic systems to support connectivity.
North America registered a substantial market growth in 2023. Numerous IT companies, academic institutions, and automakers are based in the region, and they are working on creating the next wave of automotive technology and electrical systems. Therefore, the expansion of the automotive electronics market in North America is driven by the increasing need for technical innovations and advances.
Regional Coverage
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
The major key players are Continental AG, DENSO Corp, Hella GmbH, Infineon Technologies, Robert Bosch, Valeo, ZF Friedrichshafen, Hitachi Automotive Systems, Xilinx, Visteon, SONY Corporation, Infineon Technology, and others.
| Report Attributes | Details |
| Market Size in 2023 | US$ 260.25 Billion |
| Market Size by 2032 | US$ 503.53 Billion |
| CAGR | CAGR of 8.6% From 2024 to 2032 |
| Base Year |
2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Continental AG, DENSO Corp, Hella GmbH, Infineon Technologies, Robert Bosch, Valeo, ZF Friedrichshafen, Hitachi Automotive Systems, Xilinx, Visteon |
| Key Drivers | • The need for automotive electronic devices. |
| Market Restraints | • The high-cost constraints. |
Ans: The Automotive Electronics Market is expected to grow at a CAGR of 8.6 %.
The Automotive Electronics Market was size was recorded at USD 260.25 Billion in 2023 and is been estimated to reach USD 503.53 Billion by 2032. The expected CAGR is 8.6% over the forecast period of 2024-2032.
The need for the automotive electronic devices.
Ans: The high-cost constraints.
Ans: North America overtook other regional markets as the largest market for Automotive Electronics, with the highest revenue share.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Automotive Electronics Market Segmentation, By Application
7.1 Introduction
7.2 ADAS
7.3 Infotainment
7.4 Body Electronics
7.5 Safety Systems
7.6 Powertrain Electronics
8. Automotive Electronics Market Segmentation, By Sales Channel
8.1 Introduction
8.2 OEM
8.3 Aftermarket
9. Automotive Electronics Market Segmentation, By Vehicle Propulsion Type
9.1 Introduction
9.2 Two Wheeler
9.3 Passenger Car
9.4 Light Commercial Vehicle
9.5 Heavy Commercial Vehicle
10. Automotive Electronics Market Segmentation, By Propulsion Type
10.1 Introduction
10.2 ICE
10.3 Electric
11. Automotive Electronics Market Segmentation, By Component Type
11.1 Introduction
11.2 Electronic Control Unit
11.3 Sensors
11.4 Current Carrying Devices
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Electronics Market By Country
12.2.3 North America Automotive Electronics Market By Application
12.2.4 North America Automotive Electronics Market By Sales Channel
12.2.5 North America Automotive Electronics Market By Vehicle Propulsion Type
12.2.6 North America Automotive Electronics Market, By Propulsion Type
12.2.7 North America Automotive Electronics Market, By Component Type
12.2.8 USA
12.2.8.1 USA Automotive Electronics Market By Application
12.2.8.2 USA Automotive Electronics Market By Sales Channel
12.2.8.3 USA Automotive Electronics Market By Vehicle Propulsion Type
12.2.8.4 USA Automotive Electronics Market, By Propulsion Type
12.2.8.5 USA Automotive Electronics Market, By Component Type
12.2.9 Canada
12.2.9.1 Canada Automotive Electronics Market By Application
12.2.9.2 Canada Automotive Electronics Market By Sales Channel
12.2.9.3 Canada Automotive Electronics Market By Vehicle Propulsion Type
12.2.9.4 Canada Automotive Electronics Market, By Propulsion Type
12.2.9.5 Canada Automotive Electronics Market, By Component Type
12.2.10 Mexico
12.2.10.1 Mexico Automotive Electronics Market By Application
12.2.10.2 Mexico Automotive Electronics Market By Sales Channel
12.2.10.3 Mexico Automotive Electronics Market By Vehicle Propulsion Type
12.2.10.4 Mexico Automotive Electronics Market, By Propulsion Type
12.2.10.5 Mexico Automotive Electronics Market, By Component Type
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Electronics Market By Country
12.3.2.2 Eastern Europe Automotive Electronics Market By Application
12.3.2.3 Eastern Europe Automotive Electronics Market By Sales Channel
12.3.2.4 Eastern Europe Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.5 Eastern Europe Automotive Electronics Market By Propulsion Type
12.3.2.6 Eastern Europe Automotive Electronics Market, By Component Type
12.3.2.7 Poland
12.3.2.7.1 Poland Automotive Electronics Market By Application
12.3.2.7.2 Poland Automotive Electronics Market By Sales Channel
12.3.2.7.3 Poland Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.7.4 Poland Automotive Electronics Market By Propulsion Type
12.3.2.7.5 Poland Automotive Electronics Market, By Component Type
12.3.2.8 Romania
12.3.2.8.1 Romania Automotive Electronics Market By Application
12.3.2.8.2 Romania Automotive Electronics Market By Sales Channel
12.3.2.8.3 Romania Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.8.4 Romania Automotive Electronics Market By Propulsion Type
12.3.2.8.5 Romania Automotive Electronics Market, By Component Type
12.3.2.9 Hungary
12.3.2.9.1 Hungary Automotive Electronics Market By Application
12.3.2.9.2 Hungary Automotive Electronics Market By Sales Channel
12.3.2.9.3 Hungary Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.9.4 Hungary Automotive Electronics Market By Propulsion Type
12.3.2.9.5 Hungary Automotive Electronics Market, By Component Type
12.3.2.10 turkey
12.3.2.10.1 Turkey Automotive Electronics Market By Application
12.3.2.10.2 Turkey Automotive Electronics Market By Sales Channel
12.3.2.10.3 Turkey Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.10.4 Turkey Automotive Electronics Market By Propulsion Type
12.3.2.10.5 Turkey Automotive Electronics Market, By Component Type
12.3.2.11 Rest of Eastern Europe
12.3.2.11.1 Rest of Eastern Europe Automotive Electronics Market By Application
12.3.2.11.2 Rest of Eastern Europe Automotive Electronics Market By Sales Channel
12.3.2.11.3 Rest of Eastern Europe Automotive Electronics Market By Vehicle Propulsion Type
12.3.2.11.4 Rest of Eastern Europe Automotive Electronics Market By Propulsion Type
12.3.2.11.5 Rest of Eastern Europe Automotive Electronics Market, By Component Type
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Electronics Market By Country
12.3.3.2 Western Europe Automotive Electronics Market By Application
12.3.3.3 Western Europe Automotive Electronics Market By Sales Channel
12.3.3.4 Western Europe Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.5 Western Europe Automotive Electronics Market By Propulsion Type
12.3.3.6 Western Europe Automotive Electronics Market, By Component Type
12.3.3.7 Germany
12.3.3.7.1 Germany Automotive Electronics Market By Application
12.3.3.7.2 Germany Automotive Electronics Market By Sales Channel
12.3.3.7.3 Germany Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.7.4 Germany Automotive Electronics Market By Propulsion Type
12.3.3.7.5 Germany Automotive Electronics Market, By Component Type
12.3.3.8 France
12.3.3.8.1 France Automotive Electronics Market By Application
12.3.3.8.2 France Automotive Electronics Market By Sales Channel
12.3.3.8.3 France Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.8.4 France Automotive Electronics Market By Propulsion Type
12.3.3.8.5 France Automotive Electronics Market, By Component Type
12.3.3.9 UK
12.3.3.9.1 UK Automotive Electronics Market By Application
12.3.3.9.2 UK Automotive Electronics Market By Sales Channel
12.3.3.9.3 UK Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.9.4 UK Automotive Electronics Market By Propulsion Type
12.3.3.9.5 UK Automotive Electronics Market, By Component Type
12.3.3.10 Italy
12.3.3.10.1 Italy Automotive Electronics Market By Application
12.3.3.10.2 Italy Automotive Electronics Market By Sales Channel
12.3.3.10.3 Italy Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.10.4 Italy Automotive Electronics Market By Propulsion Type
12.3.3.10.5 Italy Automotive Electronics Market, By Component Type
12.3.3.11 Spain
12.3.3.11.1 Spain Automotive Electronics Market By Application
12.3.3.11.2 Spain Automotive Electronics Market By Sales Channel
12.3.3.11.3 Spain Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.11.4 Spain Automotive Electronics Market By Propulsion Type
12.3.3.11.5 Spain Automotive Electronics Market, By Component Type
12.3.3.12 Netherlands
12.3.3.12.1 Netherlands Automotive Electronics Market By Application
12.3.3.12.2 Netherlands Automotive Electronics Market By Sales Channel
12.3.3.12.3 Netherlands Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.12.4 Netherlands Automotive Electronics Market By Propulsion Type
12.3.3.12.5 Netherlands Automotive Electronics Market, By Component Type
12.3.3.13 Switzerland
12.3.3.13.1 Switzerland Automotive Electronics Market By Application
12.3.3.13.2 Switzerland Automotive Electronics Market By Sales Channel
12.3.3.13.3 Switzerland Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.13.4 Switzerland Automotive Electronics Market By Propulsion Type
12.3.3.13.5 Switzerland Automotive Electronics Market, By Component Type
12.3.3.14 Austria
12.3.3.14.1 Austria Automotive Electronics Market By Application
12.3.3.14.2 Austria Automotive Electronics Market By Sales Channel
12.3.3.14.3 Austria Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.14.4 Austria Automotive Electronics Market By Propulsion Type
12.3.3.14.5 Austria Automotive Electronics Market, By Component Type
12.3.3.15 Rest of Western Europe
12.3.3.15.1 Rest of Western Europe Automotive Electronics Market By Application
12.3.3.15.2 Rest of Western Europe Automotive Electronics Market By Sales Channel
12.3.3.15.3 Rest of Western Europe Automotive Electronics Market By Vehicle Propulsion Type
12.3.3.15.4 Rest of Western Europe Automotive Electronics Market By Propulsion Type
12.3.3.15.5 Rest of Western Europe Automotive Electronics Market, By Component Type
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Electronics Market By Country
12.4.3 Asia-Pacific Automotive Electronics Market By Application
12.4.4 Asia-Pacific Automotive Electronics Market By Sales Channel
12.4.5 Asia-Pacific Automotive Electronics Market By Vehicle Propulsion Type
12.4.6 Asia-Pacific Automotive Electronics Market By Propulsion Type
12.4.7 Asia-Pacific Automotive Electronics Market, By Component Type
12.4.8 China
12.4.8.1 China Automotive Electronics Market By Application
12.4.8.2 China Automotive Electronics Market By Sales Channel
12.4.8.3 China Automotive Electronics Market By Vehicle Propulsion Type
12.4.8.4 China Automotive Electronics Market By Propulsion Type
12.4.8.5 China Automotive Electronics Market, By Component Type
12.4.9 India
12.4.9.1 India Automotive Electronics Market By Application
12.4.9.2 India Automotive Electronics Market By Sales Channel
12.4.9.3 India Automotive Electronics Market By Vehicle Propulsion Type
12.4.9.4 India Automotive Electronics Market By Propulsion Type
12.4.9.5 India Automotive Electronics Market, By Component Type
12.4.10 japan
12.4.10.1 Japan Automotive Electronics Market By Application
12.4.10.2 Japan Automotive Electronics Market By Sales Channel
12.4.10.3 Japan Automotive Electronics Market By Vehicle Propulsion Type
12.4.10.4 Japan Automotive Electronics Market By Propulsion Type
12.4.10.5 Japan Automotive Electronics Market, By Component Type
12.4.11 South Korea
12.4.11.1 South Korea Automotive Electronics Market By Application
12.4.11.2 South Korea Automotive Electronics Market By Sales Channel
12.4.11.3 South Korea Automotive Electronics Market By Vehicle Propulsion Type
12.4.11.4 South Korea Automotive Electronics Market By Propulsion Type
12.4.11.5 South Korea Automotive Electronics Market, By Component Type
12.4.12 Vietnam
12.4.12.1 Vietnam Automotive Electronics Market By Application
12.4.12.2 Vietnam Automotive Electronics Market By Sales Channel
12.4.12.3 Vietnam Automotive Electronics Market By Vehicle Propulsion Type
12.4.12.4 Vietnam Automotive Electronics Market By Propulsion Type
12.4.12.5 Vietnam Automotive Electronics Market, By Component Type
12.4.13 Singapore
12.4.13.1 Singapore Automotive Electronics Market By Application
12.4.13.2 Singapore Automotive Electronics Market By Sales Channel
12.4.13.3 Singapore Automotive Electronics Market By Vehicle Propulsion Type
12.4.13.4 Singapore Automotive Electronics Market By Propulsion Type
12.4.13.5 Singapore Automotive Electronics Market, By Component Type
12.4.14 Australia
12.4.14.1 Australia Automotive Electronics Market By Application
12.4.14.2 Australia Automotive Electronics Market By Sales Channel
12.4.14.3 Australia Automotive Electronics Market By Vehicle Propulsion Type
12.4.14.4 Australia Automotive Electronics Market By Propulsion Type
12.4.14.5 Australia Automotive Electronics Market, By Component Type
12.4.15 Rest of Asia-Pacific
12.4.15.1 Rest of Asia-Pacific Automotive Electronics Market By Application
12.4.15.2 Rest of Asia-Pacific Automotive Electronics Market By Sales Channel
12.4.15.3 Rest of Asia-Pacific Automotive Electronics Market By Vehicle Propulsion Type
12.4.15.4 Rest of Asia-Pacific Automotive Electronics Market By Propulsion Type
12.4.15.5 Rest of Asia-Pacific Automotive Electronics Market, By Component Type
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Electronics Market By Country
12.5.2.2 Middle East Automotive Electronics Market By Application
12.5.2.3 Middle East Automotive Electronics Market By Sales Channel
12.5.2.4 Middle East Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.5 Middle East Automotive Electronics Market By Propulsion Type
12.5.2.6 Middle East Automotive Electronics Market, By Component Type
12.5.2.7 UAE
12.5.2.7.1 UAE Automotive Electronics Market By Application
12.5.2.7.2 UAE Automotive Electronics Market By Sales Channel
12.5.2.7.3 UAE Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.7.4 UAE Automotive Electronics Market By Propulsion Type
12.5.2.7.5 UAE Automotive Electronics Market, By Component Type
12.5.2.8 Egypt
12.5.2.8.1 Egypt Automotive Electronics Market By Application
12.5.2.8.2 Egypt Automotive Electronics Market By Sales Channel
12.5.2.8.3 Egypt Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.8.4 Egypt Automotive Electronics Market By Propulsion Type
12.5.2.8.5 Egypt Automotive Electronics Market, By Component Type
12.5.2.9 Saudi Arabia
12.5.2.9.1 Saudi Arabia Automotive Electronics Market By Application
12.5.2.9.2 Saudi Arabia Automotive Electronics Market By Sales Channel
12.5.2.9.3 Saudi Arabia Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.9.4 Saudi Arabia Automotive Electronics Market By Propulsion Type
12.5.2.9.5 Saudi Arabia Automotive Electronics Market, By Component Type
12.5.2.10 Qatar
12.5.2.10.1 Qatar Automotive Electronics Market By Application
12.5.2.10.2 Qatar Automotive Electronics Market By Sales Channel
12.5.2.10.3 Qatar Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.10.4 Qatar Automotive Electronics Market By Propulsion Type
12.5.2.10.5 Qatar Automotive Electronics Market, By Component Type
12.5.2.11 Rest of Middle East
12.5.2.11.1 Rest of Middle East Automotive Electronics Market By Application
12.5.2.11.2 Rest of Middle East Automotive Electronics Market By Sales Channel
12.5.2.11.3 Rest of Middle East Automotive Electronics Market By Vehicle Propulsion Type
12.5.2.11.4 Rest of Middle East Automotive Electronics Market By Propulsion Type
12.5.2.11.5 Rest of Middle East Automotive Electronics Market, By Component Type
12.5.3 Africa
12.5.3.1 Africa Automotive Electronics Market By Country
12.5.3.2 Africa Automotive Electronics Market By Application
12.5.3.3 Africa Automotive Electronics Market By Sales Channel
12.5.3.4 Africa Automotive Electronics Market By Vehicle Propulsion Type
12.5.3.5 Africa Automotive Electronics Market By Propulsion Type
12.5.3.6 Africa Automotive Electronics Market, By Component Type
12.5.3.7 Nigeria
12.5.3.7.1 Nigeria Automotive Electronics Market By Application
12.5.3.7.2 Nigeria Automotive Electronics Market By Sales Channel
12.5.3.7.3 Nigeria Automotive Electronics Market By Vehicle Propulsion Type
12.5.3.7.4 Nigeria Automotive Electronics Market By Propulsion Type
12.5.3.7.5 Nigeria Automotive Electronics Market, By Component Type
12.5.3.8 South Africa
12.5.3.8.1 South Africa Automotive Electronics Market By Application
12.5.3.8.2 South Africa Automotive Electronics Market By Sales Channel
12.5.3.8.3 South Africa Automotive Electronics Market By Vehicle Propulsion Type
12.5.3.8.4 South Africa Automotive Electronics Market By Propulsion Type
12.5.3.8.5 South Africa Automotive Electronics Market, By Component Type
12.5.3.9 Rest of Africa
12.5.3.9.1 Rest of Africa Automotive Electronics Market By Application
12.5.3.9.2 Rest of Africa Automotive Electronics Market By Sales Channel
12.5.3.9.3 Rest of Africa Automotive Electronics Market By Vehicle Propulsion Type
12.5.3.9.4 Rest of Africa Automotive Electronics Market By Propulsion Type
12.5.3.9.5 Rest of Africa Automotive Electronics Market, By Component Type
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Electronics Market By Country
12.6.3 Latin America Automotive Electronics Market By Application
12.6.4 Latin America Automotive Electronics Market By Sales Channel
12.6.5 Latin America Automotive Electronics Market By Vehicle Propulsion Type
12.6.6 Latin America Automotive Electronics Market By Propulsion Type
12.6.7 Latin America Automotive Electronics Market, By Component Type
12.6.8 brazil
12.6.8.1 Brazil Automotive Electronics Market By Application
12.6.8.2 Brazil Automotive Electronics Market By Sales Channel
12.6.8.3 Brazil Automotive Electronics Market By Vehicle Propulsion Type
12.6.8.4 Brazil Automotive Electronics Market By Propulsion Type
12.6.8.5 Brazil Automotive Electronics Market, By Component Type
12.6.9 Argentina
12.6.9.1 Argentina Automotive Electronics Market By Application
12.6.9.2 Argentina Automotive Electronics Market By Sales Channel
12.6.9.3 Argentina Automotive Electronics Market By Vehicle Propulsion Type
12.6.9.4 Argentina Automotive Electronics Market By Propulsion Type
12.6.9.5 Argentina Automotive Electronics Market, By Component Type
12.6.10 Colombia
12.6.10.1 Colombia Automotive Electronics Market By Application
12.6.10.2 Colombia Automotive Electronics Market By Sales Channel
12.6.10.3 Colombia Automotive Electronics Market By Vehicle Propulsion Type
12.6.10.4 Colombia Automotive Electronics Market By Propulsion Type
12.6.10.5 Colombia Automotive Electronics Market, By Component Type
12.6.11 Rest of Latin America
12.6.11.1 Rest of Latin America Automotive Electronics Market By Application
12.6.11.2 Rest of Latin America Automotive Electronics Market By Sales Channel
12.6.11.3 Rest of Latin America Automotive Electronics Market By Vehicle Propulsion Type
12.6.11.4 Rest of Latin America Automotive Electronics Market By Propulsion Type
12.6.11.5 Rest of Latin America Automotive Electronics Market, By Component Type
13. Company Profiles
13.1 Continental AG
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 The SNS View
13.2 DENSO Corp
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 The SNS View
13.3 Infineon Technologies
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 The SNS View
13.4 Hella GmbH.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 The SNS View
13.5 ZF Friedrichshafen
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 The SNS View
13.6 Hitachi Automotive Systems
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 The SNS View
13.7 Xilinx
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 The SNS View
13.8 Visteon
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 The SNS View
13.9 Sony Corporation
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 The SNS View
13.10 Infineon Technology
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
OEM
Aftermarket
Two Wheeler
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
ICE
Electric
Electronic Control Unit
Sensors
Current Carrying Devices
Others
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Automotive Infotainment Market size was valued at $9.43 billion in 2023 and will reach $20 billion by 2032 and grow at a CAGR of 8.71% by 2024-2032
The Off-Highway Brake Oil Aftermarket Market size was valued at USD 17.95 billion in 2023 and will reach $25.70 billion by 2032, growing at a CAGR of 4.08% over the forecast period of 2024-2032.
The Freight Trucking Market size was recorded at USD 2670 Billion in 2023 and is expected to reach USD 3768.1 Billion in 2032, growing at a CAGR of 3.9 % over the forecast period of 2024-2032.
The Automotive Virtual Exterior Mirror Market Size was $228.46 Million in 2023 & will reach to $929.64 Mn by 2032 & grow at a CAGR of 16.92% by 2024-2032.
The Automotive Lightweight Material Market Size was valued at USD 82.68 Billion in 2023 and is expected to reach USD 128.02 Billion by 2032 and grow at a CAGR of 5.0% over the forecast period 2024-2032.
The Automotive Oil Filter Market size was USD 75.43 Bn in 2023 and is expected to reach USD 106.43 Bn by 2032 and grow at a GAGR of 3.9% by 2024-2032.
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