Automotive Electronics Market 2019 : Top Manufacturers, Industry Size, Regional Analysis, Types and Applications and Forecasts to 2030

Automotive electronics market to amass considerable profits from infotainments system applications by 2030

Pertaining to the growing demand for security and infotainment systems in vehicles, automotive electronics market trends are poised to gain immense momentum over 2019-2030. Automakers are incorporating advanced infotainment systems in vehicles to achieve great efficiency. Intensifying concerns about passenger and vehicle safety have augmented the deployment of these systems. Such favorable factors are likely to impel automotive electronics industry share.

According to the latest research report published by Global Market Insights Inc., automotive electronics market size will surpass a valuation of $645 billion by 2030.

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A few of the trends which will propel automotive electronics industry are as follows:

Passenger and vehicle safety concerns are likely to fuel expansion of automotive electronics market size in the coming years
Governments have been enacting stringent rules and regulations to curb road accidents. Automakers have been implementing safety systems, such as ADAS in modern vehicles to be in line with such regulations. Developed regions of Europe and North America have stringent regulatory framework for vehicle and road safety, which is further generating lucrative growth opportunities for automotive electronics industry.

Increasing application of infotainment system in vehicles may proliferate automotive electronics market share

Incorporation of infotainment systems in vehicles has gained traction to answer the demand for miscellaneous features, including large display screens. Lately, customers have been showcasing greater preference for vehicles with added comfort and luxury, which has encouraged automakers to install voice recognition, digital radio, high-end radios, rear-seat entertainment, and various other automotive electronic components in vehicles. Also, surging deployment of infotainment systems in vehicles for displaying vehicle details is expected to stimulate automotive electronics industry outlook.

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Automotive companies, striving to capture a broader customer base, are offering technologies, comfort, and enhancing driving experience. OEMs have been collaborating with automotive component manufacturers to provide advanced systems in their latest vehicles. Some advanced technologies which have found rapid deployment are parking assistance, powertrain, head-up displays, etc. For example, in 2017, Bosch announced partnership with Nikola Motor Company to develop powertrain products for commercial vehicles.

Increasing affinity towards connected vehicles is likely to push automotive electronics market growth

Connected vehicles are increasingly being equipped with advanced switches, sensors, and body electronic systems to improve user connectivity. Incorporation of advanced automotive electronics enhance mobility, safety, and environmental benefits. Governments of multiple countries have been introducing various initiatives to encourage development of connected vehicles and amplify road safety. For instance, the U.S. Department of Transportation has suggested making vehicular communication and connected car technology a legal need. As per the law proposed, integration of V2V communication in cars will be compulsory for automobile manufacturers from 2021 onwards.

Developmental strategies pursued by market players to influence automotive electronics industry

Automotive market players are following various strategies, such as acquisitions, product innovations, collaborations, and mergers. For instance, in 2017, Lear Corporation had acquired EXO Technologies to reinforce its advanced electronics portfolio. The company has been intending to develop its integrating intelligent systems and core seating business with vehicles.

Other notable automotive electronics industry participants are Continental AG, Magna International, Bosch Group, Infineon Technologies, Altera Corporation, Delphi Automotive, Texas Instruments, Hitachi Automotive Systems, and ZF Friedrichshafen AG among others.

Report Content

Chapter 1    Methodology & Scope

1.1    Scope & definitions

1.1.1    Scope & assumptions

1.1.2    Definitions

1.1.3    Methodology & forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    Automotive electronics industry 3600 synopsis, 2014 – 2030

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Application trends

2.1.4    Vehicle type trends

Chapter 3    Automotive Electronics Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2014 – 2030

3.2.1    Cost structure breakdown

3.2.2    Passenger cars production statistics, 2013 – 2017

3.2.3    Commercial cars production statistics, 2013 – 2017

3.3    Industry ecosystem analysis

3.3.1    Distribution channel analysis

3.4    Technological and innovation landscape

3.4.1    Software standardization & in-vehicle networks

3.4.2    Impact of industry 4.0

3.4.3    Development in unmanned technology

3.4.4    Connected vehicles

3.4.5    Disruptive/future trends

3.5    Regulatory landscape

3.5.1    International Standards    ISO 26262    IEC 60068    IEC 61508    MISRA C

3.5.1    North America    Corporate Average Fuel Economy (CAFE) standards    Federal Motor Vehicle Safety Standard 108

3.5.2    Europe    EOBD standard    Emission Controls Standards    Eco-innovations and Law (EC) No. 443/2009

3.5.3    Asia Pacific    CCC mark    Bharat Stage emission standards    Australian design rules

3.5.4    Latin America    NR Law No. 8723

3.5.5    MEA    SAQA 376640    Article NO 95, Federal Traffic Act

3.6    Industry impact forces

3.6.1    Growth drivers    Increasing demand for safety and comfort features in vehicles    Stringent regulatory framework in North America and Europe    Increasing sales of electric vehicles in China    Rapid development of unmanned driving technology in Europe    Flourishing automobile production in Mexico    Growing vehicle production activities in South Africa    Proliferation of component manufacturers in Asia Pacific

3.6.2    Industry pitfalls and challenges    High prices of ADAS    Declining automotive production in the U.S.    Increasing automobile system complexities

3.7    Growth potential analysis

3.8    Porter’s analysis

3.9    Competitive landscape

3.9.1    Bosch Group

3.9.2    Magna International

3.9.3    Denso

3.9.4    Aisin Seiki

3.9.5    Hyundai Mobis

3.9.6    Continental AG

3.9.7    ZF Friedrichshafen AG

3.9.8    Company market share

3.10    PESTEL analysis

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Automotive Electronics Market 2019 : Top Manufacturers, Industry Size, Regional Analysis, Types and Applications and Forecasts to 2030

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