Automobile Electronics Market Size Report, Industry Share, Analysis, Growth, 2032

Automobile Electronics Market Insights

According to a report from Zion Market Research, the global Automobile Electronics Market was valued at USD 262.99 Billion in 2023 and is projected to hit USD 607.67 Billion by 2032, with a compound annual growth rate (CAGR) of 8.7% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Automobile Electronics industry over the next decade.

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Automobile electronics is an electrically developed system used in road vehicles. It plays a major role in controlling the engine of a vehicle. Engine ignition (spark, timing), fuel injection, entertainment systems such as music, communication systems, emissions controls, heating/air conditioning, navigation system, and security systems are different functions controlled electronically in vehicles. Automotive electronics basically originated from the transition towards advanced safety systems. Automobile electronics are becoming very popular and increasingly adopted by consumers due to rising technological advancements.

Automobile Electronics Market: Growth Factors

The transition towards advanced safety systems and the rising need to control the engine contributes to automobile electronics market growth over the forecast period. Increasing advancement of technology is further expected to boost the demand in the automobile electronics market. Different safety features and functions controlled by an electronic system are the major driving factors of the automobile electronics market. Among all the functions controlled electronically, entertainment is the most popular function in an automobile. This includes control of audio-video players, computers (computers designed for in-vehicle use), satellite radio, and the internet. Automobile electronics are used in all types of vehicles such as heavy vehicles, passenger vehicles, SUVs, MUVs, and luxury vehicles among others.

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The report provides a comprehensive view of automobile electronics, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the automobile electronics market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. The market size and forecasts in terms of revenue (USD million) for the period 2015 to 2020, considering 2014 as the base year, have been provided for this segment of the report. The report segments the automobile electronics market on the basis of application and geography. On the basis of application automobile electronics market is segmented into advanced driver assistance systems (ADAS), body electronics, infotainment, powertrain, and safety systems.

Automobile Electronics Market: Report Scope

Automobile Electronics Market: Segmentation

Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, further bifurcation of the region on the country level, which includes the U.S., Germany, UK, France, China, Japan, and India. North America held the highest market share in terms of revenue in 2014. North America is followed by Europe and Asia-Pacific. Asia-Pacific is expected to show consistent growth owing to the growing automotive industry.

Automobile Electronics Market: Competitive Space

The key players in the automobile electronics market include

• Yamaha Corporation
• Delphi Automotive PLC
• Koninklijke Philips N.V.
• Sanyo Electric Co. Ltd.
• Sony Corporation (Japan)
• Denon
• Continental AG
• Denso Corporation.

The report segments the global automobile electronics market into:

Global Automobile Electronics Market: Application Segment Analysis

• Advanced Driver Assistance System (ADAS)
• Body Electronics
• Infotainment
• Powertrain
• Safety Systems

Global Automobile Electronics Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East & Africa