The Global Automotive Electronics Market size is expected to reach $470.6 billion by 2030, rising at a market growth of 9.1% CAGR during the forecast period
Summary
Due to the fact that they monitor variables such as temperature, speed, and tire pressure & condition and take preventative action in the event of peril, these devices have become an integral part of automobiles. The adoption of autonomous vehicles is augmented by factors like the enhancement of safety, the reduction of traffic congestion, the expansion of connected infrastructure, and the transition from ownership to mobility-as-a-service (MaaS). Additionally, government programs like Make in India and factors like lower labor costs and higher disposable income in developing economies have increased the manufacturing of passenger automobiles and light commercial vehicles. Together, the companies aim to create scalable, all-encompassing hardware and software solutions based on artificial intelligence (AI) for aided and automated driving (AD) as a step toward autonomous mobility. Scope of the Study Market Segments covered in the Report: By Application • Safety Systems • Powertrain Electronics • Infotainment • ADAS • Body Electronics By Sales Channel • OEM • Aftermarket By Component • Current Carrying Devices • Sensors • Electronic Control Unit • Others By Geography • North America o US o Canada o Mexico o Rest of North America • Europe o Germany o UK o France o Russia o Spain o Italy o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o Singapore o Malaysia o Rest of Asia Pacific • LAMEA o Brazil o Argentina o UAE o Saudi Arabia o South Africa o Nigeria o Rest of LAMEA Companies Profiled • Continental AG • Robert Bosch GmbH • Sony Corporation • Aptiv PLC • Hyundai Mobis Co., Ltd. (Hyundai Motor) • ZF Friedrichshafen AG • Infineon Technologies AG • Magna International, Inc. • Aisin Corporation (Toyota Motor Corporation) • Koninklijke Philips N.V.