Automotive E/E Architecture Market Growth Set to Surge Significantly by 2031

Global Automotive E/E Architecture Market Worth $62.5 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive E/E Architecture Market- (By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Propulsion (IC-Engine, Electric), By Component (Hardware, Software)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Automotive E/E Architecture Market is valued at US$ 35.6 Bn in 2023, and it is expected to reach US$ 62.5 Bn by 2031, with a CAGR of 7.4% during the forecast period of 2024-2031.

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The automotive E/E architecture is an elaborate structure that regulates contemporary automobiles' electronic and electrical components. It includes a complex range of detectors, regulated elements, circuitry, protocol connections, and processing power necessary to coordinate many aspects of the vehicle. The development of batteries and hybrid cars is driving a significant electricity revolution in the automobile sector. The demand for sophisticated electronic/electrical (E/E) designs that can support complex handling of batteries and powerplant systems is rising as a result of this transformation. The growing number of automobiles with connectivity and sophisticated driver assistance systems is driving the need for robust E/E architectures. These architectures allow monitoring, recording, and interaction parts to be seamlessly integrated so that cars can have features like adaptive speed control and improved multimedia systems. Working together amongst automobile manufacturers, distributors, and technology firms is essential due to the increasing number of components of automotive E/E architectures.

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List of Prominent Players in the Automotive E/E Architecture Market:
• Robert Bosch GmbH
• Continental AG
• Aptiv PLC
• ZF Friedrichshafen AG
• DENSO Corporation
• Panasonic Corporation
• Lear Corporation
• Veoneer Inc.
• Magna International Inc.
• Harman International Industries Inc.
• Others

Market Dynamics:
Drivers:
The growing demand for automobile electricity fuels the demand for automotive E/E architecture. As more electric and hybrid automobiles become available, the automobile industry is seeing a dramatic transition regarding digitalization. As a result of this transformation, sophisticated electronic/electrical (E/E) designs that can handle complicated batteries and powertrains are becoming increasingly necessary.

Challenges:
The prime challenges are technical complexity, lack of conventions and protocol due to lockdowns, isolation in developing nations, and a need for more qualified people, which is expected to hamper the automotive E/E architecture market. E/E designs are becoming more complicated, with a lot of coupled hardware and software elements, making it harder to ensure they are resilient and reliable. Problems or breakdowns in these complex systems can result in expensive claims, harm to a company's credibility, and a decline in consumer confidence in automakers. Furthermore, the automotive E/E architecture industry largely depends on an international ingredients and raw materials logistics system. Emergencies, trade conflicts, and political conflicts are examples of disturbances that cause shortages in supply and failures, which can impact the production and sale of vehicles and increase expenses for producers. Thus, logistics distribution is also hampering the market growth.

Regional Trends:
The North American automotive E/E architecture market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future because of the widespread use of supporting technology in this area, including enormous amounts of data, artificial intelligence, digital safety, and the Internet of Things. Besides, Europe had a substantial share in the market because driving has become more and more of a hassle when it comes to safety and efficiency. Technical development in the sector for efficient enforcement of safety features and better driving quality has led to the growth of the automotive E/E architecture for the autonomous vehicle market in this region.

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Recent Developments:
• In May 2024, Continental introduced ContiTPU, a cutting-edge addition to its premium outer tube lineup designed for riders who prioritize efficiency and flexibility. For cyclists who choose to ride on the road or off, Continental has created a high-end, portable, and long-lasting product in sizes ranging from 25/35 to 622.
• In February 2024, Panasonic Corporation announced that it would begin taking orders for a new product called the ultrasound stream and saturation device for hydrogen. This meter is specifically built for the Chinese market and can measure both the flow and concentration of hydrogen in conditions with high humidity.

Segmentation of the Automotive E/E Architecture Market-

Automotive E/E Architecture Market-By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle

Automotive E/E Architecture Market-By Propulsion
• IC-Engine
• Electric

Automotive E/E Architecture Market-By Component
• Hardware
• Software

Automotive E/E Architecture Market-By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.