Press release
Meticulous Research® Projects Automotive Electronics Market to Reach $361.6 Billion by 2030
Meticulous Research®, a leading global provider of market insights, has published a new report titled Automotive Electronics Market by Component (ECU, Sensors, ICs), Material (Silicon, Germanium), Application (ADAS, Infotainment Systems), Vehicle Type (ICE, Hybrid, Electric Vehicles), Channel (OEMs, Aftermarket), and Geography - Global Forecast to 2030. According to the report, the global automotive electronics market is poised to reach $361.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7% between 2024 and 2030.Download Complete Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5531
Key Growth Drivers
The market's growth is propelled by several key factors, including:
The rising trend toward vehicle electrification
Increased demand for energy-efficient electronic devices
Growing focus on safety and control systems in modern vehicles
Additionally, the surging demand for Advanced Driver Assistance Systems (ADAS) and the adoption of adaptive lighting in passenger and entry-level SUVs present significant opportunities. However, challenges such as the high cost of automotive electronics and fluctuating raw material prices are hindering market expansion.
Market Segmentation and Key Insights
The automotive electronics market is segmented by component, material, application, vehicle type, and distribution channel. The report provides detailed insights into each segment's performance and its contribution to overall market growth.
By Component: The market is categorized into electronic control units (ECUs), sensors, integrated circuits (ICs), head-up displays, actuators, IP modules, and other components. In 2024, ECUs are expected to hold the largest market share due to the rising demand for advanced vehicle technologies, particularly in hybrid and electric vehicles. ECUs play a crucial role in coordinating various vehicle systems to ensure optimal performance and safety. However, the sensors segment is projected to experience the highest CAGR during the forecast period, driven by increased demand for monitoring and optimizing vehicle systems to comply with stringent emission regulations.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/automotive-electronics-market-5531
By Material: The automotive electronics market is segmented into silicon, germanium, and other materials. The silicon segment is anticipated to dominate in 2024, largely due to its superior efficiency in supporting electromobility, enabling fast recharging, and improving energy conservation. Silicon-based ICs are pivotal in enhancing vehicle performance by integrating complex electronic components into a compact form. The segment is also expected to grow at the fastest pace during the forecast period.
By Application: The market is divided into various applications such as tire pressure monitoring systems, engine management & powertrain systems, infotainment systems, ADAS, body control & comfort, and autonomous mobility. In 2024, the body control & comfort segment is expected to capture the largest market share, driven by the increasing demand for premium features and the growing deployment of vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) technologies. Meanwhile, the ADAS segment is forecasted to register the highest CAGR, fueled by rising collaboration between automakers and technology companies to develop autonomous driving technologies.
By Vehicle Type: The market is segmented into internal combustion engine (ICE) vehicles, hybrid vehicles, and electric vehicles (EVs). ICE vehicles are expected to hold the largest market share in 2024 due to their durability and lower maintenance requirements. However, the EV segment is projected to grow at the highest CAGR, driven by falling battery prices, growing environmental concerns, and increased investments in EV infrastructure.
By Distribution Channel: The market is divided into original equipment manufacturers (OEMs) and aftermarket channels. OEMs are expected to dominate in 2024, while the aftermarket segment is forecasted to grow at the highest rate during the forecast period, owing to rising demand for vehicle customization and maintenance.
Quick Buy: https://www.meticulousresearch.com/Checkout/79419705
Regional Outlook
Geographically, the automotive electronics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to lead the market, driven by the rapid growth of the electric vehicle sector, the presence of leading automotive manufacturers, and government incentives to promote EV adoption. The region is also expected to exhibit the fastest growth over the forecast period due to increasing investments in automotive electronics technologies.
Competitive Landscape
The global automotive electronics market is highly competitive, with key players leveraging strategies such as product innovation, partnerships, and mergers to strengthen their market positions. Major players in the market include:
Infineon Technologies AG (Germany)
Robert Bosch GmbH (Germany)
Valeo Inc. (France)
Continental AG (Germany)
Hitachi, Ltd. (Japan)
Aptiv PLC (Ireland)
Texas Instruments Incorporated (U.S.)
STMicroelectronics International N.V. (Switzerland)
NXP Semiconductors (Netherlands)
ZF Friedrichshafen AG (Germany)
Visteon Corporation (U.S.)
Advanced Micro Devices, Inc. (U.S.)
Magna International Inc. (Canada)
DENSO CORPORATION (Japan)
Hyundai Mobis Co., Ltd. (South Korea)
Request Sample PDF Copy Here: https://www.meticulousresearch.com/request-sample-report/cp_id=5531
Key Questions Answered in the Report:
What are the high-growth market segments based on component, material, application, vehicle type, and distribution channel?
What is the historical market size for automotive electronics, and what are the forecasts for 2024-2030?
What are the key drivers, challenges, and opportunities in the automotive electronics market?
Who are the major players, and what are their market shares?
How is the competitive landscape evolving?
What are the recent developments and strategies adopted by market players?
Which regions and countries are expected to experience the highest growth?
Meticulous Market Research Pvt. Ltd.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Meticulous Research® Projects Automotive Electronics Market to Reach $361.6 Billion by 2030 here
News-ID: 3651292 • Views: …
More Releases from Meticulous Research®
Meticulous Research® Releases Comprehensive Report on the Monoclonal Antibodies …
Meticulous Research®, a globally recognized leader in market research, has announced the release of its latest report titled, Monoclonal Antibodies Market Size, Share, Forecast & Trends Analysis by Type (Therapeutic, Research, Diagnostic), Application (Oncology, Immunology, Cardiology, Neurology), Source (Humanized, Murine, Human), Production, End User - Global Forecast to 2031. This in-depth analysis projects the global monoclonal antibodies market to reach $449.8 billion by 2031, growing at a CAGR of 11.2%…
Meticulous Research® Releases Comprehensive Report on the Lab-Grown Meat Market …
Meticulous Research®, a globally recognized leader in market research and analysis, has recently published its latest report titled "Lab-grown Meat Market by Type (Beef, Poultry, Pork, Seafood), Distribution Channel (Business-to-Business, Business-to-Consumer), Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages), and Geography-Global Forecast to 2035."
Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5293
According to the report, the global lab-grown meat market is expected to reach an estimated valuation of $1.99 billion by…
Workforce Management Market Trends: Key Drivers, Challenges, and Opportunities i …
According to a recent report by Meticulous Research®, the global Workforce Management Market is projected to reach a valuation of $9.8 billion by 2031, with a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031. This rapid growth can be attributed to the increasing adoption of cloud-based workforce management solutions, growing interest in workforce scheduling and optimization, and a broadening application of these solutions across various industries. However,…
Global Lipid Nutrition Market Poised for Robust Growth: Projected to Reach $24.7 …
According to the latest report from Meticulous Research®, the global lipid nutrition market is set to achieve remarkable growth, with projections estimating the market will reach $24.71 billion by 2030. This expansion, anticipated to occur at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030, is driven by several key factors, including rising chronic disease rates, an aging population, and increasing demand for dietary supplements and infant…
More Releases for ECU
SPI Interface Customization in Automotive ECU Testing
Hardware-in-the-Loop, HIL Testing Relies on ADwin System
CAS DataLoggers provided the data acquisition solution to an automotive manufacturer in a real-time Hardware-in-the-Loop (HIL ) automotive test simulation application for their airbag electronic control units (ECUs). Airbag test is a common HIL application in automotive ECU testing & development to ensure that components function properly and are up to specification. Here a particular airbag ECU is the H (hardware) under test in…
ADAS ECU Market Size, Share, Development by 2024
Global Info Research offers a latest published report on ADAS ECU Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-adas-ecu-market_p107899.html(Electronic control unit) for Front Camera-market_p107867.html
ADAS ECU is…
Automotive ECU(Software) Market Is Thriving Worldwide
A new independent 112 page research with title 'World Automotive ECU(Software) Market Research Report 2023 (covering USA, Europe, China, Japan, India, South East Asia and etc)' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like USA, Europe, Japan, China, India, South East Asia and important players/vendors such as Bosch, Denso, TRW Automotive etc. With n-number of tables and figures examining…
Automotive ECU Market Analysis, Trends, Forecast, 2016-2026
Automotive ECU or Electronic Control Unit is a family of computer systems that controls and maintains the entirety of electronic, electrical and mechanical systems of a vehicle. ECU can be classified based on the functions such as Engine Control Module (ECM), Body Control Module (BCM), Electronic Brake Control Module (EBCM), Powertrain Control Module (PCM), Transmission Control Module (PCM), Suspension Control Module (SCM), Door Control Unit (DCM), Battery Management System (BMS),…
Global Automotive ECU Market Professional Survey Report 2017
ReportsMonitor.com has added a new report to its database Global Automotive ECU Market Professional Survey Report 2017
This report studies Automotive ECU in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
Request For a sample copy @ https://www.reportsmonitor.com/request-sample/?post=333480
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Bosch
Continental
Denso
Delphi
TRW
Hyundai AUTRON
Magneti…
Global Automotive ECU Market 2016 - 2020
The Automotive ECU report created by Markets N Research includes in-depth study of variable market trends and statistics by dynamic team of researchers. The report provides detailed information about the definition and specification, and focuses on overall analysis of the manufacturing process along with in-depth classification of segments based on applications, end-users, and product’s physical properties. The report delivers precise data relevant to competitive analysis based on regional insight along…
