Automotive Electronic Devices Market size was valued at US$ 282.08 Bn. in 2022 and the total revenue is expected to grow at 7.30% through 2023 to 2029, reaching nearly US$ 461.93 Bn.
Automotive Electronic Devices Market Overview:
The primary goal of this research is to assist the user in understanding the Automotive Electronic Devices Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Automotive Electronic Devices industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Automotive Electronic Devices Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Automotive Electronic Devices Market Segmentation:
The global market for automotive electronic devices is divided into four segments based on the component: electronic control units, sensors, current carrying devices, and others. In 2022, the current carrying devices segment had a xx% market share, which was the largest. Devices that carry current include wiring harnesses, fuses, electronics valves, and adapters. The high cost and large amount of electronic components used in automobiles, like as switching devices, fuses, adapters, and shiny, is the reason behind the component industry's massive sales rise of current-carrying devices. The market's expansion may also be explained by the rising need for commercial trucks and transport vehicles to have connection, convenience, and security features.
The global market for automobile electronic devices is divided into five categories based on application: ADAS, infotainment, body electronics, safety systems, and powertrain electronics. In the global market for automotive electronic devices, the safety systems category had the most market share (x%) in 2022. Safety systems include things like electric power steering, damping control, electronic brake distribution, electronic stability control, driver monitoring systems, catalytic converters, and keyless ignition systems. It is anticipated that as consumer awareness of scientific developments related to automotive safety equipment increases, the safety systems market will grow.
The global market for automotive electronic devices is divided into OEM and Aftermarket sales channels based on the sales channel. In 2022, the OEM segment had the highest market share of xx%. The primary driver of the OEM segment's expansion in the global automotive electronics market is the increased durability and longer lifespan of electronic equipment. Since original equipment manufacturers (OEMs) produce the electronic components of cars, buyers prefer to buy from them. Additionally, during the course of the projected period, aftermarket electronic equipment is likely to account for a lower stream of revenue as the system design of such electronic components advances.
Market Size (Value) Estimates & Forecast By Component, 2022-2029
1. Electronic Control Unit
2. Sensors
3. Current Carrying Devices
4. Others
Market Size (Value) Estimates & Forecast By Application, 2022-2029
1. ADAS
2. Infotainment
3. Body Electronics
4. Safety Systems
5. Powertrain Electronics
Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029
1. OEM
2. Aftermarket
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Automotive Electronic Devices Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Automotive Electronic Devices market are
• Robert Bosch
• Renesas Electronics Corporation
• Infineon Technologies AG
• STMicroelectronics N.V.
• Texas Instruments
• NXP Semiconductors N.V.
• Continental AG
• NVIDIA Corporation
• Hitachi Ltd.
• Aptiv PLC.
• DENSO Corporation
• Hella GmbH& Co. KGaA
• Visteon Corporation
• Xilinx, Inc.
• ZF Friedrichshafen AG
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Regional Analysis:
The report focuses on Global Regions and Market Size of Automotive Electronic Devices, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Automotive Electronic Devices Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Automotive Electronic Devices industry in 2021.
Key Questions Answered in the Automotive Electronic Devices Market Report are:
- What is the function of Automotive Electronic Devices?
- What is the predicted revenue generation of the Automotive Electronic Devices market?
- At what growth rate is the Automotive Electronic Devices market evolving?
- Who are the major market giants operating in the Automotive Electronic Devices market?
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As per the recent research report published by Fact.MR, the global Automotive Electronics market is on course to achieve a highly eye-catching growth.
The research report predicts the market is expected to expand at a healthy CAGR over the course of the given period of forecast ranging from 2019 to 2029.
Surging automotive sales amid increasing penetration of new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is propelling the demand for automotive electronic components.
The global automotive electronics market will grow more than two-fold during the forecast period (2019-2029).
The Fact.MR research provides detailed information about the key segments, driving and restraining factors, geographical outlook, and the present situation of the vendor landscape of the global Automotive Electronics market.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4656The Automotive Electronics market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:North AmericaLatin AmericaEuropeJapanMEAAPEJThe evaluation of the competitive landscape in the Automotive Electronics market covers the profile of the following top players:Panasonic CorporationRobert Bosch GmbH DENSO CORPORATIONHella Gmbh & Co. KgaaHitachi Automotive Systems, Ltd.The insights for each player will highlight their foundational model as well as their growth strategy.Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginTo expand the understanding of opportunities in the global Automotive Electronics market report looks at close quarters into the opportunities and new avenues in following key segments:ADASInfotainmentBody ElectronicsSafety SystemsIn addition to understanding the demand patterns of various end users, the report on the Automotive Electronics market also enumerates trends expected to attract investments by other various associated industries.On the basis of product types, the Automotive Electronics market report offers insight into major adoption trends for the following segments:Electronic Control UnitSensorsCurrent Carrying DevicesThe global Automotive Electronics market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
