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At 6.5% CAGR, Automotive Electronics Market Expected to Reach over USD 400 Billion by 2024 Profiling Bosch Group, Magna International, Continental AG, Hyundai Mobis, Hitachi Automotive Systems, Delphi Automotive Adds New Automotive Electronics Market 2018 – 2024 research report providing information and data By Vehicle Type, By Application, By End-Use, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 350 Pages with table and figures in it.


Selbyville, DE -- (SBWIRE) -- 01/07/2019 -- The Europe automotive electronics market is predicted to witness a high growth over the forecast timespan due to the increasing manufacturing of luxury & passenger cars by the leading OEMs. Due to the implementation of high-end systems in these vehicles, the countries including Germany, Italy, UK, etc., are witnessing a high demand for automotive electronics. The regional automakers are focusing on providing efficient mobility such as connected vehicles, driving assistance, and infotainment systems. Additionally, increasing regulatory policies from the European Commission are supporting the expansion of the regional automobile industry, contributing to automotive electronics market growth.

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In the automotive electronics market, powertrain applications are gaining high popularity across all regions due to the development of efficient fuel and energy consumption systems. Automotive electronic system manufacturers are concentrating on providing systems that will improve engine control and transmission drivetrains to address the OEM requirements. Furthermore, the powertrain applications are highly in demand due to high production and consumption of battery & electric vehicles. The powertrain system manufacturers are developing application-specific products and focusing on the incorporation of innovative techniques, further enhancing the vehicle performance. The need for low & zero emissions causing vehicles to control increased environmental pollution will result in the reconstruction of powertrain systems with natural gas, liquid air, and low fuel capabilities, adding to the automotive electronics market growth.

Automotive Electronics Market is expected to reach over USD 400 billion by 2024. The innovations in vehicle architectures and systems that enable a high-end driving experience in OEMs will drive the automotive electronics market growth. These strategies include the implementation of luxury & comfort features, ADAS solutions, and support to the sustainable development initiatives across all industry verticals. To address such requirements, OEMs require efficient electronic systems, further creating a demand for products such as powertrain, infotainment, etc., in the automotive electronics market. Additionally, the electrification of vehicle architecture and engines in the electric and hybrid mobility further provides an impetus to the industry development. The growth is attributed to high manufacturing and consumption of EVs in China, North America, and Europe.

In the automotive electronics market, commercial vehicles are gaining a high traction owing to technical advancements in vehicle lighting & engine management systems. Commercial vehicles developed for the transportation and logistics industry require high-capacity engine systems. Leading automotive electronics market players such as Bosch Group, Continental AG, etc., have developed specific high-capacity compatible systems for commercial vehicles. For instance, in September 2017, Bosch Group announced the development of powertrain eAxle solution for commercial vehicles in partnership with Nikola Motor Company. Additionally, commercial vehicles are implementing efficient night vision and monitoring systems that aid drivers in night driving and unfavorable driving conditions.

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Prominent players present in the automotive electronics market comprise Bosch Group, Magna International, Continental AG, Hyundai Mobis, Hitachi Automotive Systems, Delphi Automotive, Lear Corporation, ZF Friedrichshafen AG, Texas Instruments, Faurecia, etc. Continuous product innovations by investing in R&D activities aid the companies to sustain a high automotive electronics market competition. The key companies adopt partnerships, collaborations, and dealership strategies to address varied demands from leading OEMs. For instance, in March 2018, Magna International announced its partnership with Lyft for developing self-driving cars. The deal includes USD 200 million investment in the company Lyft.

Table of Content:

Chapter 1. Methodology and Scope

1.1. Definition and forecast parameters

1.1.1. Definitions & scope

1.2. Methodology

1.2.1. Assumptions, methodology and forecast parameters

1.3. Data Sources

1.3.1. Primary

1.3.2. Secondary

Chapter 2. Executive Summary

2.1. Automotive electronics industry 3600 synopses, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Application trends

2.1.4. Vehicle type trends

Chapter 3. Automotive electronics Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.2.1. Automotive industry landscape Automotive production statistics, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Technology providers

3.3.4. Service providers

3.3.5. System Integrators

3.3.6. Distribution channel analysis

3.3.7. Vendor matrix

3.4. Technology & innovation landscape

Chapter 4. Automotive Electronics Market, By Vehicle Type

4.1. Key trends by vehicle type

4.2. Passenger cars

4.2.1. Market estimates and forecasts, 2013 - 2024

4.3. Commercial vehicles

4.3.1. Market estimates and forecasts, 2013 - 2024

Chapter 5. Automotive Electronics Market, By Application

5.1. Key trends by application

5.2. ADAS

5.2.1. Market estimates and forecasts, 2013 - 2024

5.2.2. Market estimates and forecasts, by product, 2013 - 2024 Adaptive cruise control Blind spot detection Parking assistance Automated emergency braking Night vision Lane department warning

5.3. Body Electronics

5.3.1. Market estimates and forecasts, 2013 - 2024

5.4. Infotainment & communication

Chapter 6. Automotive Electronics Market, By Region

Chapter 7. Company Profiles

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Related Report:

Global Automotive Electronics Control Unit (ECU) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

The rise in automotive production coupled with increasing safety standards across the globe is anticipated to propel the automotive ECU market growth over the forecast timeline. Various government institutions supporting the expansion of vehicle production and sales are providing an impetus to the industry demand. For instance, the Government of India has adopted its Automotive Mission Plan (AMP), 2016-2026 to improve and enhance the parts and vehicle manufacturing imbalance. The plan is developed in conjunction with the Make in India initiative that focuses on the development of the manufacturing sector in the region. This report focuses on the Automotive Electronics Control Unit (ECU) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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