Automotive Electronic Devices Market size was valued at US$ 282.08 Bn. in 2022 and the total revenue is expected to grow at 7.30% through 2023 to 2029, reaching nearly US$ 461.93 Bn.
Automotive Electronic Devices Market Overview:
Maximize Market Research’s new report, Global Automotive Electronic Devices Market 2021-2027, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Automotive Electronic Devices Market
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Automotive Electronic Devices Market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Automotive Electronic Devices Market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Dynamics:
As the use of hybrid electric vehicles (HEV) and electric cars (EV) increases, it is predicted that the need for automotive electronic devices would rise. The use of electronic switches rather than relays and the replacement of mechanical systems with electronic components are two further ways that electronics can be used to address the wide range of demands of the automobile industry while also improving dependability and reducing the complexity of wire harnesses.
Modern in-vehicle safety technology and government regulations aimed at reducing auto accidents are anticipated to fuel market expansion over the forecast period. In-car infotainment systems have improved comfort, economy, and convenience, which has led to a rise in the need for in-vehicle storage devices to support intricate in-vehicle activities.
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Segmentation:
The electronic control unit, sensors, current carrying devices, and others are the different categories into which the global automotive electronic devices market is divided based on component. In 2022, the market share that the current carrying devices segment accounted for was xx%. Examples of current carrying devices include wiring harnesses, fuses, adapters, and electronic valves. Due to the high cost and substantial use of switching devices, fuses, adapters, and shiny in automobiles, the current-carrying device market has experienced tremendous sales growth. This market’s expansion may also be connected to the rising demand for connectivity, comfort, and security features in commercial trucks and transportation vehicles.
The global market for automobile electronic devices is divided into five categories based on application: ADAS, infotainment, body electronics, safety systems, and powertrain electronics. In terms of market share, the safety systems category accounted for xx% of the total market for automotive electronic devices in 2022. Examples of safety systems include catalytic converters, driver monitoring systems, keyless ignition, electronic brake distribution, electronic stability control, electric power steering, and damping control. As consumer awareness of scientific developments related to automotive safety equipment increases, the safety systems segment is expected to grow.
The global market for automotive electronic devices is divided into OEM and Aftermarket sales channels based on the sales channel. In 2022, the OEM segment had the highest market share of xx%. Electronic equipment’s longer lifespan and increased durability are the main factors promoting the growth of the OEM segment in the global automotive electronics market. Since original equipment manufacturers (OEMs) are more preferred by customers, electronic equipment is a crucial component of automobiles. Additionally, during the course of the projected period, aftermarket electronic equipment is likely to account for a lower stream of revenue as the system design of such electronic components advances.
Key Players:
It then discusses the top competitors in the worldwide Automotive Electronic Devices Market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
• 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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Regional Analysis:
The report has analyzed the global Automotive Electronic Devices Market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Automotive Electronic Devices Market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Automotive Electronic Devices Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Automotive Electronic Devices Market Report are:
- Which are the major companies in the Automotive Electronic Devices Market?
- Which is the potential market for Automotive Electronic Devices Market in terms of the region?
- Which application area of Automotive Electronic Devices Market is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Automotive Electronic Devices Market size by 2027?
- What are the growth prospects for the Automotive Electronic Devices Market?
- What is the base year considered in the Automotive Electronic Devices Market report?
- Which region holds the largest market share in the Automotive Electronic Devices Market?
- What factors are anticipated to drive the Automotive Electronic Devices Market?
