Press release
Automotive Electronic Devices Market Expected 7.30% CAGR Growth to Nearly USD 495.64 Bn by 2030
Automotive Electronic Devices Market
The automotive electronic devices market is anticipated to experience significant growth in the coming years, driven by the increasing integration of advanced technologies in vehicles, such as electric and hybrid systems, infotainment, and driver assistance features. The rising consumer demand for enhanced safety, comfort, and connectivity is further propelling market expansion. Additionally, regulatory mandates for fuel efficiency and emissions reduction are encouraging manufacturers to adopt more sophisticated electronic solutions. While challenges such as high development costs and cybersecurity concerns may impact growth, the overall trend indicates a substantial increase in demand for automotive electronic devices across various segments, including passenger vehicles, commercial vehicles, and electric vehicles.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
The size of the automotive electronic devices market was estimated at USD 302.67 billion in 2023, and it is anticipated that total revenue will increase at a rate of 7.30% from 2024 to 2030, reaching around USD 495.64 billion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/102497/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ
Electronic Control Unit
Sensors
Current Carrying Devices
Others
The global market for automotive electronic devices is divided into four segments: sensors, current-carrying devices, electronic control units, and others. In 2023, the segment with the biggest market share was carrying devices. Devices that carry current include wiring harnesses, fuses, adapters, and electronic valves. Due to the high cost and large number of electronic components used in automobiles, including switching devices, fuses, adapters, and shiny, the component industry has seen a substantial increase in sales of current-carrying devices. The expansion of this market may also be linked to the rising need for connectivity, convenience, and security features in commercial trucks and transport vehicles.
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
ADAS, Infotainment, Body Electronics, Safety Systems, and Powertrain Electronics are the segments that make up the global market for automobile electronic equipment. The safety systems category held the greatest market share in the global automotive electronic devices market in 2023. Examples of safety systems include electronic brake distribution, electronic stability control, electric power steering, keyless ignition, driver monitoring systems, catalytic converters, and damping control. As consumer awareness of scientific developments related to automotive safety equipment increases, the safety systems market is expected to grow.
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
OEM
Aftermarket
OEM and aftermarket sales channels make up the two segments of the global automotive electronic devices market. In 2023, the OEM segment had the biggest market share. The primary driver of the OEM segment's expansion in the global automotive electronics market is the increased durability and lifespan of electronic equipment. Since cars' electrical components are so crucial, customers prefer to acquire them from original equipment manufacturers (OEMs). Furthermore, during the course of the forecast period, aftermarket electronic equipment is probably going to contribute less to the overall revenue stream as the system design of these electronic components advances.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The automotive electronic devices market encompasses a wide range of technologies designed to enhance vehicle performance, safety, and connectivity. This market includes components such as infotainment systems, advanced driver-assistance systems (ADAS), navigation systems, and engine control units. As automotive manufacturers increasingly prioritize innovation to meet consumer demands for smarter and more efficient vehicles, the integration of electronics continues to grow. Factors such as the rise of electric vehicles, advancements in autonomous driving technology, and stringent regulatory requirements regarding safety and emissions are driving significant investment and development within this sector. Overall, the automotive electronic devices market is poised for robust growth as it adapts to evolving technological trends and consumer preferences.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/102497/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The automotive electronic devices market is experiencing significant growth across key regions, particularly in North America, Europe, and Asia-Pacific. North America is driven by the rapid adoption of electric and connected vehicles, supported by technological advancements. Europe follows suit, propelled by stringent regulations on emissions and safety, fostering demand for advanced driver-assistance systems (ADAS). Meanwhile, Asia-Pacific, especially countries like China and Japan, is witnessing a surge in demand due to a booming automotive industry and increasing investment in electric vehicle technology. Emerging markets in Latin America and the Middle East are also beginning to show growth potential, creating a dynamic landscape for the market.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The scope of the automotive electronic devices market analysis encompasses various segments, including types of devices (infotainment systems, navigation systems, advanced driver-assistance systems (ADAS), and engine control units), vehicle types (passenger cars, light commercial vehicles, and heavy-duty vehicles), and applications (safety, comfort, and connectivity). The study aims to assess market trends, growth drivers, challenges, and opportunities across these segments, focusing on technological advancements and consumer preferences. The methodology combines both qualitative and quantitative research approaches, utilizing primary research through interviews with industry experts and stakeholders, as well as secondary research from reputable industry reports, government publications, and market databases.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/102497/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Robert Bosch
2. Renesas Electronics Corporation
3. Infineon Technologies AG
4. STMicroelectronics N.V.
5. Texas Instruments
6. NXP Semiconductors N.V.
7. Continental AG
8. NVIDIA Corporation
9. Hitachi Ltd.
10. Aptiv PLC.
11. DENSO Corporation
12. Hella GmbH& Co. KGaA
13. Visteon Corporation
14. Xilinx, Inc.
15. ZF Friedrichshafen AG
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐:https://www.maximizemarketresearch.com/market-report/global-automotive-electronic-devices-market/102497/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Automotive Electronic Devices?
โข What is the growth rate of the Automotive Electronic Devices?
โข Which are the factors expected to drive the Automotive Electronic Devices market growth?
โข What are the different segments of the Automotive Electronic Devices?
โข What growth strategies are the players considering to increase their presence in Automotive Electronic Devices?
โข What are the upcoming industry applications and trends for the Automotive Electronic Devices?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Electronic Devices?
โข What major challenges could the Automotive Electronic Devices face in the future?
โข What segments are covered in the Automotive Electronic Devices?
โข Who are the leading companies and what are their portfolios in Automotive Electronic Devices?
โข What segments are covered in the Automotive Electronic Devices?
โข Who are the key players in the Automotive Electronic Devices market?
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โ +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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