Automotive Electronics Market | COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2023

Overview

Rapid increase in the incidences of road accidents is inducing high demand for advanced automotive electronics that include sensors, head-up displays, and others, which in turn is leading to the expansion of the global automotive electronics market.

Segmental Outline

The global market for automotive electronics has been segmented on the basis of sales channel, type, and application.

Based on type, the automotive electronics has been segmented into advanced driver assistance systems, body electronics, safety systems, entertainment, powertrain, and others.

Based on sales channel, the automotive electronics market has been segmented into OEM and aftermarket.

Based on application, the market has been segmented into two-wheeler, passenger cars, light commercial vehicle, heavy commercial vehicle, and electric vehicle.

Regional Outlook

The regional study of the automotive electronics maker considers four key regions. They are; Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).

The North America market to hold the major share of the global automotive electronics market in the review period. Surge in the adoption of trending technologies by automobile manufacturers and increase in the demand for intelligent automobiles that are empowered with advanced electronic components are major factors that are expected to impel the North America market. Integration of technologies such as artificial intelligence, machine learning, and deep learning into passenger, commercial vehicles, and heavy vehicles by European automakers are expected to propel the regional market. The high electric vehicles use in Europe can also escalate the regional market growth. In the Asia Pacific region, increased in per capita income, change in lifestyle, and expanding urban population base are contributing to the rise in the adoption of electric vehicles, equipped with advanced infotainment systems. These factors are expected to push the APAC automotive electronics market growth.

Key Players

OMRON Corporation (Japan), Robert Bosch GmbH (Germany), HGM Automotive Electronics (U.S.), Infineon Technologies AG (Germany), Delta Electronics, Inc. (Taiwan)., Hitachi, Ltd. (Japan), ZF Friedrichshafen AG (U.S.), Atotech (Germany), Koninklijke Philips N.V. (Netherlands), and Denso Corporation (Japan)

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