Automotive Electronic Devices Market Research Statistics, Business Strategy, Industry Share And Growing Trends

Automotive Electronic Devices Market revenue is expected to grow at 7.30% through 2023 to 2029, reaching nearly USD 461.93 Bn.

Automotive Electronic Devices Market Report Scope and Research Methodology

Report Scope:

The report provides a comprehensive analysis of the global Automotive Electronic Devices Market, highlighting past and present industry status, future trends, and forecasted market size. It encompasses in-depth insights into key components, applications, sales channels, and regional perspectives.

Research Methodology:

This report employs a rigorous methodology, leveraging data analysis and interpretation to offer a detailed understanding of market dynamics. The study involves extensive research, including PORTER and PESTEL analysis, to provide a holistic view for stakeholders.

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Automotive Electronic Devices Market Dynamics

Drivers and Restraints:

The demand for automotive electronic devices is escalating due to the surge in hybrid electric vehicles (HEV) and electric vehicles (EV). The transition from mechanical to electronic systems and government regulations promoting vehicle safety are propelling market growth. However, global automobile production constraints amid the recent disruptions are anticipated to limit market opportunities for manufacturers.

Automotive Electronic Devices Market Segmentation

by Component

• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

The global market for automotive electronic devices is divided into four segments based on the component: electronic control units, sensors, current carrying devices, and others. In 2022, the segment with the biggest market share was current carrying devices. Devices that carry current include wiring harnesses, fuses, electronics valves, and adapters. The high cost and large amount of electronic components used in automobiles, like as switching devices, fuses, adapters, and shiny, is the reason behind the component industry's massive sales rise of current-carrying devices. The market's expansion may also be explained by the rising need for commercial trucks and transport vehicles to have connection, convenience, and security features.

by Application

• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics

The global market for automotive electronic devices is divided into five segments: body electronics, safety systems, infotainment, ADAS, and powertrain electronics. These segments are based on the application. Safety systems include things like electric power steering, damping control, electronic brake distribution, electronic stability control, driver monitoring systems, catalytic converters, and keyless ignition systems. It is anticipated that as consumer awareness of scientific developments related to automotive safety equipment increases, the safety systems market will grow.

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Automotive Electronic Devices Market Key Players

• Robert Bosch
• Renesas Electronics Corporation
• Infineon Technologies AG
• STMicroelectronics N.V.
• Texas Instruments
• NXP Semiconductors N.V.
• Continental AG
• NVIDIA Corporation
• Hitachi Ltd.
• Aptiv PLC.
• DENSO Corporation
• Hella GmbH& Co. KGaA
• Visteon Corporation
• Xilinx, Inc.
• ZF Friedrichshafen AG

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Table of content for the Automotive Electronic Devices Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Electronic Devices Market Report

Part 03: Global Automotive Electronic Devices Market Landscape

Part 04: Global Automotive Electronic Devices Market Sizing

Part 05: Global Automotive Electronic Devices Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Automotive Electronic Devices market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Automotive Electronic Devices Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Automotive Electronic Devices to bolster military capabilities.

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