Automotive Electronics Market Size is Expected to Reach $382.16 Billion by 2026 | Registering a CAGR of 7.30%

As per the report published by Allied Market Research Titled "Automotive Electronics Market by Vehicle Type (Passenger Car, LCV and HCV), Component (Sensors, Actuators, Processors, Microcontrollers, and Other), Application (ADAS, Infotainment, Body Electronics, Safety System, Power Train and Others), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019-2026".

The global automotive electronics market size was at $228.34 billion in 2019, and is projected to reach $382.16 billion by 2026, to register a CAGR of 7.30% from 2020 to 2026.

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Some of the prime drivers of the automotive electronics industry are surge in penetration of the aging infrastructure is further anticipated to drive the automotive electronics market growth. The market for automotive electronics would be driven by investing in new technology aimed at increasing system life. Another key factor driving the growth of the automotive electronics market is the increased focus on infrastructure throughout the world.

Automotive electronics provides monitoring technology to alert maintenance workers when outdated and overused equipment is about to fail, allowing them to make better decisions by providing real-time data on problems and possibilities for improvement. Aside from the limits listed above, there are others, such as environmental factors such as temperature and humidity, as well as groundwater seepage, which can have an influence on the operation of switchgear electrical networks, particularly those situated outside. The changing times necessitate changes in the fundamentals as well. In this situation, even small and medium-sized organizations (SMEs) are taking advantage of collocation data hubs' immense potential and the internet's enormous capacity.

Segmentation:
By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Component

• Sensors
• Actuators
• Processors
• Microcontrollers
• Others

By Application

• ADAS
• Infotainment
• Body Electronics
• Safety System
• Power Train
• Others

The automotive electronics market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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Automotive Electronics industry deals in equipping vehicles with digital and automatic controls. Factors such as adoption of IoT and AI in the automobiles, vehicles equipped with automated driving, the demand of in-vehicle safety features, increase in demand of infotainment features drive the market of automotive electronics. On the other hand, low adoption of automotive electronics in newly industrialized countries and increase in overall cost of end-product due to integration of automotive electronics hampers the market growth. Further, the investment towards autonomous driving of vehicles in smart grids is expected to provide lucrative opportunities in the automotive electronics market share.

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. Further, the advancement of IoT and AI has promoted penetration of the infotainment electronics in automobiles driving the automotive electronics market share globally.

The automotive electronics market report provides thorough information about prime end-users and annual forecast during the period from 2023 to 2032. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the automotive electronics industry.

Businesses can evaluate the Porter's Five Forces Analysis to determine the structure, level of competition, and industry's strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Competitive Analysis:

The automotive electronics industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Report Overview:
https://www.alliedmarketresearch.com/automotive-electronics-market-A06036

Some of the major key players of the global automotive electronics market include:

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.

The market study further promotes a sustainable market scenario on the basis of key product offerings. On the other hand, Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides an explicit global automotive electronics market breakdown and exemplifies how the opposition will take shape in the new few years to come. Rendering the top ten industry players functional in the market, the study emphasizes on the policies & approaches integrated by them to retain their foothold in the industry.

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Key Benefits for Stakeholders:

• This study comprises analytical depiction of the global automotive electronics market growth along with the current trends and future estimations to depict the imminent investment pockets.

• The overall automotive electronics market analysis is determined to understand the profitable trends to gain a stronger foothold.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

• The current automotive electronics market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.

• Porter's five forces analysis illustrates the potency of the buyers and the automotive electronics market share of key vendors.

• The report includes the market trends and the automotive electronics market opportunity of key vendors.

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