Global Automotive Electronics Market Size, Insights, Drivers, Opportunities, By Application (Power Control, Safety Control, Communications & Entertainment System, Body Electronics), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Region, Growth, Trends and Forecast from 2019 to 2027
Global Automotive Electronics Market Size, Insights, Drivers, Opportunities, By Application (Power Control, Safety Control, Communications & Entertainment System, Body Electronics), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years: 2019 to 2027
Number of pages: 100 Category: Automotive Report Id: Auto_5002
Market Insights
The global automotive electronics market was valued at USD 291.75 billion in 2018 and is estimated to reach a value of USD 835.60 billion in 2027. The industry is analyzed to rise at a CAGR of 12.40% over the forecast period of 2019 to 2027. The rise in sales from the manufacturing countries to the emerging markets along with the preference of consumers towards the low emission and the low energy consumption products drives the growth of the automotive electronics market. Moreover, the trends in the industry towards the miniaturization, lightweight materials, intelligence and electrification have also been estimated to maintain the growth in the automotive electronics market over the forecast period.Global automotive electronics market size by region, 2018 (USD Billion)
Application Insights
Safety Control application is estimated to be the largest segment holding a share of about 30.90% share in the market. In 2018, the safety control application market was estimated to be USD 90.16 billion and is expected to reach USD 268.90 billion in 2027 with a CAGR of 12.91% over the period of 2018 to 2027. The rise in the concerns towards the safety by the consumers with the demand for high premium navigation systems drives the growth of the segment over the forecast period. Moreover, the large average expenditures done for the communication and entertainment systems makes it to grow at a fastest growth of about 14.09% over the forecast period.Vehicle Type Insights
Passenger cars are the largest segment and are expected to grow at a CAGR of 11.78% over the forecasted period of 2019 to 2027. The rising in the sales of vehicles due to the technological advancements such as hybrid and electric vehicles makes it to provide a higher demand in the industry. The rise in the commercial growth in different sectors anticipates LCVs being a fastest segment with a CAGR of 14.57% over the forecast period.Global automotive electronics market value share by vehicle type, 2027 (%)
Regional Insights
As of 2018, Asia Pacific accounts for the largest share in the automotive electronics market, with a share of over 41.14% of the global market. The larger inclination of the commercial and passenger vehicles towards the growth in high class population provides the region, a reasonable demand from the global industry. The rise of the electronic manufacturing industry in countries such as Taiwan, South Korea, Malaysia and Thailand drives the growth of the industry over the forecast period. The report is a thorough market study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different modes (Application, Vehicle Type and Regional analysis) with growth factors and future expectancies in the automotive electronics market.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.Segments covered in the report
Application Outlook- Power Control
- Safety Control
- Communications & Entertainment system
- Body Electronics
- Passenger Cars
- LCVs
- HCVs
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- U.K
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Middle East & Africa
- All market drifts, drivers and opportunities
- Understanding the dynamics of the parent market
- Prime fluctuations of the business dynamics
- Historical, current, and projected size of the market with respect to production and sales
- Segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Detailed profiling of leading companies
- Opportunities to newer trends in global, regional and country markets
- Analyzing the trajectory line of the business
- Measures to consider for automotive electronics products in the industry