The global Automotive Electronics Market was valued at $240.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $425.7 Billion.
Automotive Electronics are electronics system used in road vehicles such as ignition, engine management, telematics, in-car entertainment system &others. These are specially designed electronics intended use for automobiles. Automotive electronics originated from the need to control engines. In automobile two types of ECU are used that include transmission control module & engine control modules. Modern electric cars are relying on power electronics for the main propulsion motor control as well as managing the battery.
“Optimal Price Point (OPP) for Automotive Electronics”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in North America Automotive Electronics materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Automotive Electronics Market by “Component Categories”
We have segmented the Automotive Electronicsbased on component categories as Electronic Control Unit, Sensors, Current-Carrying Devices.
We have observed the significant growth of automotive electronics market by electronic control unit component which dominates the market. Electronic control unit components are used for good acceleration, cruise control, reduce fuel consumption, an improved operation which boosts the market growth during the forecast period.
Automotive Electronics Market by “Application”
We have segmented the Automotive Electronics market based on the application are ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain.
We have observed the significant growth of automotive electronics market by application of ADAS which dominates the market. Main benefits of ADAS is to help drive cost down, improves road safety for everyone which is anticipated to grow over the forecast period in the automotive electronics market.
Automotive Electronics Market by “Sales Channel”
We have segmented the Automotive Electronics market based on sales channel as OEM, Aftermarket.
We have observed the significant growth of automotive electronics market by OEM sales channel which dominates the market & expected to grow over the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Automotive electronics market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for automotive electronics market due to the demand for the application in ADAS, Infotainment, Body Electronics, Safety Systems, Powertrain. North America is expected to have the highest growth & this would be followed by Europe.
Rising demands for Electronic Control Unit, Sensors, Current-Carrying Devices& rising the demand for automotive with the increasing populations generates a demand for automotive electronics. We are observing that automotive electronics are a good option as it can create a good impact on the automobile industries.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include ZF Friedrichshafen AG, Denso Corporation, Delphi Technologies,Samsung, Robert Bosch GmbH,Continental Corporation, are few major players in Automotive Electronicsmarkets. TheAutomotive Electronics market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Automotive Electronics Market by Component Categories (Revenue, Million, 2014 – 2025)
- Electronic Control Unit
- Current Carrying Devices
Automotive Electronics Market by Application(Revenue, Million, 2014 – 2025)
- Body Electronics
- Safety Systems
Automotive Electronics Market by Sales Channel (Revenue, Million, 2014 – 2025)
- After Market
Automotive Electronics Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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