Market Overview
Automotive electronics Industry is projected to be worth USD 415.73 Billion by 2030, registering a CAGR of 7.35% during the forecast period (2022 - 2030), The market was valued at USD 233.61 billion in 2021.The automotive electronics market research report offers a comprehensive analysis of the global automotive electronics Industry and its application, region, sales channel, and type segments.
Growing safety concerns and worries about electronic system protection are among the factors that could have an impact on the development of the automotive electronics industry over the projection period. To help businesses in the automotive electronics industry, specialist analysts have created a study report on the sector.
Market Segmentation
The global automotive electronics Industry has been segmented based on application, region, sales channel, and type. Based on application, the market for automotive electronics is segmented based on electric vehicle, heavy commercial vehicle, light commercial vehicle, passenger cars, and two-wheeler. Additionally, the market based on the sales channel, is segmented into OEM and aftermarket. The global market for automotive electronics is also covered based on type segment, which is further split into advanced driver assistance systems, body electronics, entertainment, powertrain, safety systems, and others.
Major elements such as concerns regarding damage as well as maintenance and replacement cost could obstruct the automotive electronics Industry growth. However, according to the automotive electronics Industry research report, increased level of autonomy along with a high focus on quality and security will propel growth throughout the forecast period.
The automotive electronics Industry is set to register growth at a high CAGR owing to these key factors. The exploration of application, region, sales channel, and type segments along with regional markets has been given in the global automotive electronics Industry research report. The research analysts studying the automotive electronics Industry have put out market forecasts in the automotive electronics Industry research report to support automotive electronics Industry-based companies. The automotive electronics Industry research report provides an extensive understanding of the automotive electronics Industry based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific, and the rest of the world regional market for automotive electronics are predominantly covered in the global automotive electronics Industry research report. Country-level automotive electronics Industrys spread across North America – the United States, Canada, and Mexico are also covered in the report.
In South America – Brazil and other country-level automotive electronics Industrys are covered in the report. In Asia-Pacific (APAC) region, the country-level automotive electronics Industrys covered are Japan, India, China, and others. The automotive electronics Industry research report also explores the regional market for automotive electronics present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The automotive electronics Industry research report also covers regional markets from the rest of the world alongside automotive electronics Industrys of Africa and the Middle East.
Competitive Landscape
Demand for electric vehicles is presumed to drive the automotive electronics Industry growth worldwide. The global automotive electronics Industry could be challenged by stringent government regulations, nevertheless, organizations in the automotive electronics Industry will carry the growth rate forward. The automotive electronics Industry research report presents company profiles of major companies active in the automotive electronics Industry globally.
Furthermore, the global automotive electronics Industry report offers an all-inclusive analysis of the market collected from the automotive electronics Industry’s primary and secondary sources covering both decision makers and thought leaders. The automotive electronics Industry research report highlights such key areas assisting businesses operating in the automotive electronics Industry to build better growth strategies.
Industry News
Mando, one of the leading automotive parts firms, has signed an equity acquisition deal (SPA) between Korea's Halla Holdings and HELLA to buy 100% of the equity of MHE. Established in 2008 and each holding a 50 percent stake in MHE, MHE is a co-entreprise between Halla Holding, Mando's parents, and HELLA, German automotive parts provider. In conjunction with the SPA, Mando acquired the equity of Halla Holdings and HELLA at KRW 165 trillion, which accounted for 100%. The deal is scheduled to close within the first quarter of 2021, approved by each side.
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