Automotive Electronics Market 2022, Opportunity, Industry Size, Top Companies, Development, Current Trends and Global Outlook 2030

The Automotive Electronics market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

Automotive Electronics Market Overview

Automotive Electronics Market is projected to be worth USD 415.73 Billion by 2030, registering a CAGR of 7.35% during the forecast period (2022 – 2030). Automotive electronics are utilized in automobiles to improve the operation of various electronic components that are used to increase vehicle efficiency and run entertainment devices. Various components, such as carputers, engine management, ignition, radio, telematics, and in-car entertainment systems, rely on electronic systems in automobiles directly or indirectly.

Automotive Electronics market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Automotive Electronics Market are, Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Infineon Technologies AG (Germany), HGM Automotive Electronics (U.S.), Hitachi, Ltd. (Japan), Delta Electronics, Inc. (Taiwan). Atotech (Germany), ZF Friedrichshafen AG (U.S.), Denso Corporation (Japan) and Koninklijke Philips N.V. (Netherlands)

Industry News

• In March 2020, Huntsman International Huntsman acquired CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. The acquisition of CVC Thermoset Specialties helped enhance Huntsman’s advanced materials portfolio, which, in turn, will positively impact the company’s automotive carbon canister, composite, and expansionvalve business.
• In January 2020, SGL Carbon expanded its production facilities by inaugurating a new production hall at the Bonn site for graphite-based automotive components. The company has invested around EUR 25 million for this expansion and modernization of graphite automotive components.
• In December 2019, DENSO added 121 original equipment (OE) quality part numbers to its thermal management range. It consists of 39 radiators, 76 condensers, and six cabin blowers, which are linked to 342 OE numbers and cover an additional 2,300 vehicles. These latest references illustrate the availability and variety in vehicle parc that DENSO boasts.

Most important Segments of Automotive Electronics market covered in this report are,

Based on type, the global market is divided into electromagnetic electronic expansion valve and electric electronic expansion valve. The electromagnetic electronic expansion valve segment is expected to hold the largest share of the market. The electromagnetic electronic expansion valve segment is expected to grow at the faster rate during the forecast period as it is programmed to measure differences in pressure and temperature at any given point across the vehicle.

Based on Application, the global market is divided into commercial vehicle and passenger car. The commercial vehicle segment is expected to hold the larger share of the market, and it is expected to grow at the faster rate during the forecast period.

Automotive Electronics Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Automotive Electronics Market.
• Automotive Electronics Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Automotive Electronics Market market-leading players.
• Conclusive study about the growth plot of Automotive Electronics Market for forthcoming years.
• In-depth understanding of Automotive Electronics Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Automotive Electronics Market.

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The global Automotive Electronics market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

During the projected period, North America is expected to lead the market, followed by Asia-Pacific. The growth of the North American market will be aided by strict government laws surrounding car safety. During the projection period, increased demand for electric vehicles and vehicle infotainment systems will boost market revenue. During the projected period, the Asia-Pacific Automotive Electronics market is expected to hold a substantial proportion of the market. The Automotive Electronics market in the Asia-Pacific area is dominated by China, South Korea, and Japan. The Asia-Pacific market’s expansion can be attributed to Japan’s, South Korea’s, and China’s high vehicle manufacturing and greater use of modern electronics.

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