Automotive Electronic Components Market Size to reach $68810 Million by 2027

The global Automotive Electronic Components market size is projected to reach US$ 68810 million by 2027, from US$ 46380 million in 2020, at a CAGR of 5.8% during 2021-2027.

An electronic component is a basic element in an electronic circuit, usually individually packaged, with two or more leads or metal contacts.Electronic components must be connected to each other to form an electronic circuit with a specific function, such as an amplifier, a radio receiver, an oscillator, etc. One of the common ways of connecting electronic components is to weld them to a printed circuit board.Electronic components may be individual packages (resistors, capacitors, inductors, transistors, diodes, etc.) or groups of varying complexity such as integrated circuits (operational amplifiers, exclusion, logic gates, etc.).With electric cars, in recent years made car, new technology and new applications such as automated driving moved close to the auto industry to the micro control unit, sensor and memory automotive electronic equipment such as a surge in demand, semiconductor manufacturers in the automotive industry began to play a more and more important role in the supply chain, experts predict automotive electronic components industry development opportunities are emerging.

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Automotive electronics are mainly used in power control system, vehicle-mounted information and entertainment system, vehicle safety control system and vehicle body electronic system, etc. In order to improve the driving experience, the rate of vehicle electronization has been increasing.

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Segment by Type

o Active Components
o Passive Components

Segment by Application

o Engine System
o Driving and Safety Systems
o Body System
o Entertainment System
o Other

BY COMPANY

o NXP
o Infineon
o Renesas
o Texas Instruments
o STMicroelectronics
o Bosch
o ON Semiconductor
o ROHM Semiconductor
o Analog Devices
o Toshiba
o NVIDIA
o Littelfuse, Inc
o Intel

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