Market Insights
"The global automotive electronics market was estimated at USD 234.57 billion in 2022 and is likely to grow at a CAGR of 7.99% during 2023-2028 to reach USD 372.2 billion by 2028."

Want to get a free sample? Register Here
Automotive electronics are integrated and mounted in various vehicle applications, such as safety systems, body electronics, powertrain, and infotainment, including engine management, ignition, radio, and others.
In the past, the EU dominated the automotive electronic components market. However, in recent times, the adoption of these components has declined due to a decrease in automobile sales within the region. Due to the imposition of municipal restrictions and the implementation of economic stimulus packages, Europe is expected to experience multiple recovery cycles. As per the German Association of the Automotive Industry (VDA), the first half of 2020 witnessed a significant decline in the registration of passenger cars across Europe. The figures indicate a 39% decrease compared to the previous year. In addition, sales of passenger vehicles in the United States experienced a notable decline of approximately 26% in 2020 when compared to the preceding year.
Automotive Electronics Market Report Overview
|
Market Size in 2022
|
USD 234.57 Billion
|
Market Size in 2028
|
USD 372.2 Billion
|
CAGR (2023-2028)
|
7.99%
|
Base Year of Study
|
2022
|
Trend Period
|
2017-2021
|
Forecast Period
|
2023-2028
|
Market Dynamics
Market Drivers
The worldwide transition to electric transportation is driving the need for sophisticated automotive electronics, such as battery management systems, power electronics, and technologies for charging infrastructure.
Increasing consumer awareness and regulatory requirements for safety features such as Advanced Driver Assistance Systems (ADAS), lane departure alerts, and automated braking systems are propelling the incorporation of advanced electronics in automobiles.
Consumers expect high-tech infotainment systems, touch interfaces, and seamless smartphone connectivity, leading to a surge in demand for automotive multimedia electronics.
Regulations implemented by the government to cut down on vehicle emissions are prompting car manufacturers to integrate electronic technologies that enhance fuel efficiency and facilitate hybrid and electric powertrains.
Key Players
Some of the key players in the automotive electronics market are-
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Segment Analysis
Application Trends
"ADAS segment accounted for the largest market share."
The market is segmented as ADAS, body electronics, infotainment & communication, powertrain, and safety systems. ADAS is expected to be the fastest-growing segment of the market owing to the advantageous features regarding safety and driving during the forecast period. This can be attributed to the implementation of strict safety regulations by governments and regulatory bodies worldwide, with the aim of reducing accidents and enhancing road safety. As safety awareness continues to grow, there is a heightened demand for Advanced Driver Assistance Systems (ADAS) technologies in vehicles.
Vehicle Trends
"The passenger car segment accounted for the largest market share."
The market is segmented into passenger cars and commercial vehicles. The passenger car is estimated to be the dominant segment of the market on account of the increasing consumption and production of passenger car vehicles and the growing integration of electronic systems during the forecast period. Rapidly changing consumer demands resulting in an increase in the development of high-end passenger cars are further expected to have a positive impact on the market during the forecast period.
Regional Insights
"The Asia-Pacific accounted for the largest market share."
Asia-Pacific is estimated to be the leading region in the market owing to the flourishing automotive sector and China, Japan, and South Korea being the major countries providing lucrative growth opportunities in the vehicle & component manufacturing sector in the region during the forecast period. The rapid expansion of the automotive sector in these nations, propelled by increasing disposable incomes, urbanization, and infrastructure advancements, is driving the need for automotive electronics in the area.
In February 2023, TATA Motors introduced its SUV called the TATA Harrier, which boasts 10 Advanced Driver Assistance System (ADAS) features. The presence of various suppliers and China being the growth engine of the region is further expected to fuel the regional market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Want to get a free sample? Register Here
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
|
Relevant contents in the report
|
How big is the sales opportunity?
|
In-depth Analysis of the Automotive Electronics Market
|
How lucrative is the future?
|
Market forecast and trend data and emerging trends
|
Which regions offer the best sales opportunities?
|
Global, regional and country-level historical data and forecasts
|
Which are the most attractive market segments?
|
Market segment analysis and Forecast
|
Which are the top players and their market positioning?
|
Competitive landscape analysis, Market share analysis
|
How complex is the business environment?
|
Porter’s five forces analysis, PEST analysis, Life cycle analysis
|
What are the factors affecting the market?
|
Drivers & challenges
|
Will I get the information on my specific requirement?
|
10% free customization
|
The automotive electronics market is segmented into the following categories:
By Application Type:
- ADAS [Adaptive Cruise Control, Blind Spot Detection, Parking Assistance, Automated Emergency Braking, Night Vision, and Lane Departure Warning]
- Body Electronics
- Infotainment & Communication [Audio, Display, Navigation, Head-up Display, and Communication]
- Powertrain [Engine Controllers, Transmission Drivetrain, Exhaust, and xEV]
- Safety Systems
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
By Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive electronics market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Recent Developments
In July 2023, HELLA and Porsche joined forces in collaboration with other partners to introduce an innovative high-resolution headlamp system known as the 'SSL | HD.' This cutting-edge system incorporates matrix LED technology and boasts an impressive 32,000 individually adjustable pixels per headlamp. Notably, it has been introduced as an optional feature for the all-new Porsche Cayenne, marking the first time this advanced technology has been made available in this vehicle model.
In July 2023, Continental made a significant announcement regarding its plans to equip the entire Conti Urban bus tire line with the latest sensor technology. This move towards integrating sensors into their products is part of Continental's ongoing commitment to digitalizing fleet management. Starting from August 2023, customers will have access to the new range of smart tires, including the Conti UrbanScandinavia HD3, Conti Urban HA3, and Conti UrbanScandinavia HA3+. This strategic development aligns with Continental's forward-looking approach to enhance fleet operations through advanced digital solutions.
In May 2023, Valeo unveiled a significant strategic partnership with DiDi Autonomous Driving. Under this collaboration, Valeo has made a strategic investment in DiDi Autonomous Driving, and the two companies are working together to pioneer cutting-edge safety solutions for Level 4 autonomous vehicles, specifically robotaxis.
In May 2023, HELLA revealed its receipt of numerous customer orders for their cutting-edge steering sensors. These advanced sensors are a pivotal component in driving the development of steer-by-wire systems. HELLA is slated to commence production of this sensor series for its customers in 2025, with manufacturing operations set to take place at HELLA's electronic facilities located in Xiamen, China, and Recklinghausen, Germany. The developmental aspects of this project will be overseen at the company's headquarters in Lippstadt, Germany.
In May 2023, According to IAR Systems, the RISC-V architecture it offers has significant potential for development in Taiwan, especially within the automotive electronics industry. In addition, Meta has successfully developed an in-house Artificial Intelligence (AI) chip based on this architecture.
In March 2023, xEVs announced its strategic initiative to offer fresh avenues for the implementation of vehicle sensors. The company's objective is to address the growing demand for efficient management of electrical current and temperature regulation in various circuits, such as charging and drivetrain, as well as hybrid and battery-powered vehicle configurations.
In March 2023, Lumotive, a company based in the United States, successfully developed a silicon-based semiconductor that utilizes sophisticated software to control the direction of a beam. This technology enables accurate detection of a vehicle's surroundings. The chips have been specifically designed to meet the safety requirements of various automotive industries.
In January 2023, HARMAN, a subsidiary of Samsung Electronics and an automotive technology company, recently unveiled its newest range of vehicle electronics products. At the CES 2023 event, the company presented its latest line of products. HARMAN exhibited a range of offerings including Ready Care, Ready Display, Ready on Demand, Ready Upgrade, Ready Vision, and Sound & Vibration Sensor External Microphone.
In April 2023, HARMAN has recently established an Automotive Engineering Centre in Chennai, India with the objective of securing a prominent position as a supplier of vehicle electronics in the country.