Automotive Electronics Market

1
Automotive Electronics Market size is valued at
US 213.4 Bn in 2017 and expected to grow at a
CAGR of 4.5 in the forecasting period.
Increasing automotive electronics adoption to
deliver safety features including vehicle data
recorder systems, emergency call systems, and
alcohol ignition interlocks are anticipated to
fuel the market demand. As per EU assessment,
over 40 of the onboard components in the entire
car is electronically based and the percentage is
expected to rise with the improvement in current
regulations governing the automotive electronics
market.
Growth in an overall number of fleets along with
their high average age will propel the automotive
electronics market expansion. As per the
Autocare Association, the U.S. automotive
aftermarket is anticipated to surpass USD 270
billion in 2017, which is an increase of almost
USD 36 billion from the past four years. This
has benefitted the U.S. GDP with a surge of 2.
In 2015, over 260 million passenger cars were
registered in the country, an increase of 5
million over 2014. automotive electronics
market The automotive electronics market is
segmented based on application and geography. By
applications segment, the market is segmented
into ADAS, body electronics, entertainment,
powertrain, and safety systems. ADAS application
sector is expected to observe a high growth owing
to the enactment of several safety regulations
that have to be adhered to, leading to their
adoption in cars active security systems. These
systems engage innovative software and
sophisticated electronic components coupled with
various sensors to enhance the safety of drivers
and their surroundings, detect driver health,
and improve the driving experience. The
development of ADAS in vehicles will efficiently
ensure road safety and in turn, will propel the
automotive electronics market growth.
2

• Geographically, the automotive electronics market
  has been segmented into North America, Europe,
  Asia Pacific, Middle East Africa, and Latin
  America. North America is expected to be the
  largest market for Automotive Electronics during
  the forecast period due to increasingly stringent
  safety regulations in the region. Several
  upcoming governmental regulations regarding
  vehicles, passengers as well as pedestrian
  safety have encouraged the automobile
  manufacturers to include the authorized features
  as a default offering. Further, the U.S. New Car
  Assessment Program (NCAP) has mandated lane
  departure warning systems and emergency braking
  systems to guarantee a five-star rating for
  passenger cars and thereby boosting the
  automotive electronics market growth.
• Key player across the automotive electronics
  industry are Bosch Group, Hitachi Automotive
  Systems, Infineon Technologies AG, Panasonic,
  Texas Instruments, TRW, and Wipro. Global
  automotive electronics market is highly
  competitive due to a large presence of industry
  players across the globe. Continued pervasion of
  advanced technology into almost all the main
  systems in vehicles is expected to drive market
  growth. Automakers are projected to increase the
  adoption of intelligent electronics that makes
  their vehicles environment-friendly and safe to
  drive.
• Automotive Electronics Market Scope
• Automotive Electronics Market, By Application
• ADAS
• Body Electronics
• Entertainment
• Powertrain
• Safety Systems
• Automotive Electronics Market, By Geography
• North America
• Europe
• Asia-Pacific

3

• Audiovox
• Avago Technologies
• Continental
• Atmel
• Denso
• Delphi
• Dow Corning
• Bosch Group
• Hitachi Automotive Systems
• Infineon Technologies AG
• Panasonic
• Texas Instruments
• TRW
• Wipro
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