The global automotive electronics market is estimated to grow significantly, at a CAGR of over 7%, during the forecast period. The automotive industry is involved in the design, development, manufacturing, marketing, and trading of motor vehicles. Electronic components, from basic wave radars to temperature sensors are playing prominent roles in new car models. Automotive makers are implementing smart technologies with each model year. Cameras and automotive radar chipsets are being used in newer car models. These components can sense objects in front as well as rear and convey caution message and also activate signals to another set of systems within the car, such as the ABS (Automatic Braking System), to avoid accidents.

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The rising demand for autonomous vehicles and electric vehicles is expected to boost the automotive electronics market during the forecast period. An autonomous vehicle is an electronically assisted vehicle; therefore, its functionality is developed with the interconnection of various electronic devices in restricted space and flexible design with various software technologies. Along with this, the increasing demand for safety and comfort features in the automotive further act as a driving factor for the growth of the global automotive electronics market. Despite several driving factors of the market, there are several factors that hamper the market growth, such as high prices of ADAS and increasing risk for data breaches in connected cars.

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Global Automotive Electronics Market Segmentation

By Distribution Channel

OEM

Aftermarket

By Component Type

Sensor

Electronic Control Unit

Current Carrying Devices

By Application

Advanced driver-assistance systems (ADAS)

Infotainment

Powertrain

Safety System

Body Electronics

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Aptiv PLC

Atlas Copco Group

Blaupunkt GmbH

Continental AG

Delphi Technologies PLC

DENSO Corp.

Fujitsu Group

Garmin Ltd.

Harman International Industries, Inc.

Hitachi, Ltd.

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