Press release
Meticulous Research® Publishes Comprehensive Report on Automotive Electronics Market: Projected to Reach $361.6 Billion by 2030
Meticulous Research®, a leading global market research company, has released an in-depth 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."Market Growth and Drivers
According to the report, the automotive electronics market is anticipated to reach $361.6 billion by 2030, with a compound annual growth rate (CAGR) of 6.7% from 2024 to 2030. The market expansion is primarily driven by the rise in vehicle electrification, the growing need for energy-efficient electronic devices, and the increasing demand for advanced safety and control systems. Additionally, the burgeoning demand for Advanced Driver Assistance Systems (ADAS) and adaptive lighting systems in passenger and entry-level SUVs presents significant growth opportunities. However, high electronic system costs and fluctuating raw material prices are notable challenges.
Download Free Sample Reports: https://www.meticulousresearch.com/download-sample-report/cp_id=5531
Segmentation Analysis
The report segments the automotive electronics market based on component, material, application, vehicle type, and distribution channel, and provides regional and country-level market analysis.
• By Component:
The market is segmented into electronic control units (ECUs), sensors, integrated circuits (ICs), head-up displays, actuators, IP modules, and other components.
The sensors segment is projected to register the highest CAGR, fueled by the rising need for sensors in hybrid powertrains and the emphasis on reducing vehicles' carbon footprints.
•By Material:
Silicon is expected to dominate the market share and exhibit the highest CAGR due to its efficiency in supporting electromobility, fast recharging, improved battery control, and extended range for electric vehicles.
Access Sample Report Here: https://www.meticulousresearch.com/request-sample-report/cp_id=5531
By Application:
Applications include tire pressure monitoring systems, engine management & powertrain systems, fuel injection systems, infotainment systems, ADAS, body control & comfort, safety, architecture & networking, HVAC systems, autonomous mobility, and lighting systems.
The body control & comfort segment is projected to hold the largest market share in 2024, driven by stringent engine management requirements for EVs and the deployment of V2V and V2X connectivity technologies.
The ADAS segment is expected to register the highest CAGR, supported by collaborations among automakers, technology companies, and semiconductor manufacturers for advanced autonomous driving systems.
By Vehicle Type:
Segmentation includes internal combustion engine (ICE), hybrid, and electric vehicles.
ICE vehicles are expected to dominate the market share in 2024 due to their durability and lower maintenance needs.
Electric vehicles are projected to register the highest CAGR, driven by decreasing battery prices, rising environmental concerns, and increased investments by automotive OEMs
By Distribution Channel:
The market is segmented into OEMs and aftermarket.
OEMs are expected to hold a larger market share in 2024, while the aftermarket segment is projected to register the highest CAGR.
The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is expected to lead the market share in 2024 and continue to grow, driven by the increasing demand for EVs, the presence of numerous manufacturers, and incentive programs for EV adopters.
Quick Buy: https://www.meticulousresearch.com/Checkout/79419705
Key Industry Players
Key players in the automotive electronics 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), and Hyundai Mobis Co., Ltd. (South Korea).
Key Questions Addressed in the Report:
• What are the high-growth market segments by component, material, application, vehicle type, and distribution channel?
• What is the historical market size for automotive electronics?
• What are the market forecasts and estimates from 2024 to 2030?
• What are the major drivers, restraints, opportunities, and challenges in the market?
• Who are the major players, and what market shares do they hold?
• How is the competitive landscape evolving?
• What recent developments have occurred in the market?
• What strategies are major players adopting?
• What are the key geographic trends and high-growth countries?
Contact Information:
Meticulous Research®
Email: sales@meticulousresearch.com
Contact Sales: +1-646-781-8004
Connect with us on LinkedIn: Meticulous Research
Mr. Khushal Bombe
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® Publishes Comprehensive Report on Automotive Electronics Market: Projected to Reach $361.6 Billion by 2030 here
News-ID: 3704648 • Views: …
More Releases from Meticulous Research®
Automotive 3D Printing Market Size, Share, and Growth Outlook 2025-2032
The global automotive 3D printing market is undergoing rapid transformation as the industry embraces advanced technologies to enhance vehicle design, manufacturing efficiency, and customization. Valued at USD 3.7 billion in 2024, the market is projected to reach USD 17.9 billion by 2032, growing at a CAGR of 22% from 2025 to 2032. The surge in market growth is primarily driven by the increasing adoption of fused deposition modeling (FDM) technology,…
Automotive E-commerce Market Size, Share & Growth Trends (2025-2032)
Growing Automotive E-commerce Market Overview
The global automotive e-commerce market is experiencing rapid expansion, reflecting the transformation of consumer behavior and the automotive retail landscape. Valued at USD 79.6 billion in 2024, the market is projected to reach USD 267.8 billion by 2032, growing at a CAGR of 16.5% from 2025 to 2032. This growth is primarily driven by increasing consumer preference for online shopping, greater accessibility to multiple payment options,…
Electronic Waste Recycling Market Size, Share & Forecast (2025-2032): Automation …
Growing Market Overview
The global electronic waste recycling market is witnessing rapid expansion, driven by increasing electronic consumption and stringent environmental regulations. Valued at USD 31.4 billion in 2024, the market is projected to reach approximately USD 84.3 billion by 2032, growing at a robust CAGR of 13.6% during the forecast period (2025-2032). The market's growth is primarily attributed to the shortened lifecycle of electronic devices, the rising volume of global…
High Temperature Filters Market Size, Share & Growth Forecast 2025-2032
Global High Temperature Filters Market Overview
The global high temperature filters market was valued at USD 2.5 billion in 2024 and is expected to reach approximately USD 4.5 billion by 2032, growing at a CAGR of 7.6% from 2025 to 2032. The increasing awareness about air pollution and its harmful effects on health, along with expanding industrial operations and strict environmental regulations, are the primary factors driving this market's growth. Industries…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
