openPR Logo
Press release

Automotive Electronics Market Growing with Alarming Rate Powered by High Demand from Autonomous Vehicles

03-26-2020 09:52 AM CET | IT, New Media & Software

Press release from: Allied Market research

Automotive Electronics Market Growing with Alarming Rate

Electronics in heavy commercial vehicle is gaining wide acceptance and their market share is on the rise, due to increase in demand for in-vehicle safety. Although the passenger cars segment dominated the global market. Furthermore, the demand for infotainment electronics is increasing due to surge in adoption of multimedia features in cars. In addition, the advancements in electronic components such as microcontrollers, sensors, and others, fuels the market growth

A new report published by Allied Market Research, titled, "Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe.

Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market.

Request PDF Sample to Access Market Data @

The report provides a comprehensive analysis of the major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg.

Key players operating in the global automotive electronics market are Robert Bosch, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments, NXP Semiconductors N.V., Continental AG, NVIDIA Corporation, Hitachi Ltd., and Aptiv PLC.

Over the period automobile industry has witnessed automation in multiple functionalities such as power windows, camera parking assistance, integrated digital cockpit and such other features. The penetration of ADAS in economical range of cars drives the market.

In addition, rise in competition in the automotive market manufacturers offer infotainment features in the economical range of cars. Thus, a greater number of cars getting equipped with infotainment electronics increases the market of automotive electronics.

The passenger car segment was the highest contributor to the automotive electronics market growth in 2019, whereas, HCV experienced fastest growth with a CAGR of 9.0% during the forecast period.

Interested? Do Purchase Enquiry Now @

As per automotive electronics market trends, Asia-Pacific was the major revenue generator in 2019 and is expected to maintain its dominance in the future. This is attributed to the rise in industrial sector and its automation which is expected to drive the automotive electronics market growth globally.

Moreover, enhancement in industrial autonomy and increase in expenditure in the emerging markets such as Latin America and the Middle East to meet demand for exponentially growing economies in these countries have strengthened the market growth.

The automotive electronics market size is segmented on the basis of vehicle type, component, application, distribution channel, and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system and power train and such other applications. Distribution channel in the automotive electronics market is segmented as OEM and aftermarket.

Browse this Report Preview @

Key Findings of the Study:

By vehicle type, the passenger car segment accounted for the highest share of the automotive electronics market forecast in 2019 with $87.39 billion, growing at a CAGR of 5.6% from 2019 to 2026.

On the basis of component, the microcontrollers segment generated the highest revenue, accounting for $63.44 billion in 2019.

By region, Asia-Pacific is expected to dominate the market, garnering 8.2% share during the forecast period.

Related Report:

Automotive Sensors Market:


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Electronics Market Growing with Alarming Rate Powered by High Demand from Autonomous Vehicles here

News-ID: 1985443 • Views: 399

More Releases from Allied Market research

Cookware Market Growing At a CAGR of 6% From 2021 to 2030, is Expected to Reach …
According to a new report published by Allied Market Research, titled, "Cookware Market by Product Type, by Material, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2030". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global cookware market was valued at $19.0 billion in 2020, and is estimated to
Musical Instruments Market Registering At a CAGR of 2.1%, is Projected to Reach …
Allied Market Research published a new report, titled, "Musical Instruments Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030". The global musical instruments market size was valued at $9,826.5 million in 2020, and is projected to reach $11,589.8 million by 2030, registering a CAGR of 2.1% From 2021-2030 Access Full Summary: A musical instrument is a device designed or modified to produce musical sounds. Instruments are
U.S. Home Furniture and Bedding Market Registering At a CAGR of 3.07% From 2021 …
According to a new report published by Allied Market Research, titled U.S. Home Furniture and Bedding Market by Product Type and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027. The U.S. home furniture and bedding market size is expected to reach $183,489.52 million by 2027, registering a CAGR of 3.07% from 2021 to 2027. Access Full Summary: Furniture is the vital part of home, which offers convenience and aesthetic view to
Airport Retailing Market is Expected Grow At a CAGR of 12.6% During 2021-2027, C …
Allied Market Research published a new report, titled, "Airport Retailing Market by Product Type, Airport Size, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027". The global airport retailing market size was valued at $27,552.8 million in 2019, and is expected grow at a CAGR of 12.6% during 2021-2027 to reach 40,592.8 million in 2027. Access Full Summary: Request The Free Sample PDF Of This Report @ Rise in inclination of

All 5 Releases

More Releases for Electronics

Printed Electronics Market 2021 Detailed Competitive Outlook by 2029 Samsung Ele …
The research emphasizes elaboration of the Global Printed Electronics market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concepts behind business using methods to assess and analyze the market. It also describes Printed Electronics player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis, and based on that recommendation on
Power Electronics Market 2021 Precise Outlook - ABB Ltd., Delta Electronics, Inc …
Global Power Electronics Market Size, Status and Forecast 2021-2025 The Power Electronics market report is the most important research for who looks for complete information on the Power Electronics market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Power Electronics market
Curved Televisions Market Key Player Analysis - LG Electronics, Haier, Sony, Sic …
The research report presents a comprehensive assessment of the Curved Televisions Market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes. Request Sample Copy Of this Report @ Curved Televisions Market research
Electronic Transformers Market Analysis Report 2019-2025 | OSRAM, Fujielectric, …
UpMarketResearch offers a latest published report on “Global Electronic Transformers Market Industry Analysis and Forecast 2019-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 116 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. The report contains basic, secondary and advanced information pertaining to the Electronic Transformers global status and
Global Consumer Electronics Market - Apple, Hewlett Packard, Hitachi, LG Electro …
A fresh report titled “Consumer Electronics market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Consumer Electronics market. The competition analysis is also a major part of the report. According to a comprehensive study by KD Market Insights
Medical Fibers & Resins Market Outlook with Company Profiles – TT Electronics, …
Research Beam added a report, “Electronic Transformers Industry Report - Global Electronic Transformers Market.” The report offers an in-depth analysis of the entire market. The report comprises the methodology and data source, market overview, current market status, prominent players in the industry, market segmentation, market status and outlook by region; sales and revenue by region; competition by manufacturers by region; manufacturing cost analysis, industrial chain, sourcing strategy and downstream buyers;