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 Report Overview
The Automotive Electronic Devices market report is a comprehensive analysis of the Automotive Electronic Devices Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Automotive Electronic Devices market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Automotive Electronic Devices market.
Automotive Electronic Devices Market Report Scope and Research Methodology
The report provides a detailed analysis of the Automotive Electronic Devices market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Automotive Electronic Devices market report.
Primary research involved interviews with key players in the Automotive Electronic Devices industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Automotive Electronic Devices market, as well as the opportunities and challenges facing the industry.
Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Automotive Electronic Devices market, such as market size, trends, and regulations.
The report also includes a SWOT analysis of the Automotive Electronic Devices industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.
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Automotive Electronic Devices Market Dynamics
As the number of electric and hybrid vehicles (HEV) and EVs rises, so too is the demand for automotive electronic equipment. Electronics may also be used to satisfy the varied demands of the automotive industry while improving dependability and reducing wire harness complexity by substituting electronic components for mechanical systems and electronic switches for relays.
Government policies aimed at reducing auto accidents and the most recent advancements in in-vehicle safety technology are anticipated to propel market expansion during the projected timeframe. In-car infotainment systems have improved comfort, economy, and convenience, and as a result, there is an increasing need for in-car storage devices to enable sophisticated in-car services.
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Automotive Electronic Devices Market Regional Analysis
The report includes a detailed analysis of several key countries including Automotive Electronic Devices market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:
Automotive Electronic Devices Market Segmentation
by Component
• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others
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.
by Application
• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics
by Sales Channel
• OEM
• Aftermarket
The global market for automotive electronic devices is divided into five segments: body electronics, safety systems, infotainment, ADAS, and powertrain electronics. These segments are based on the application. 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.
Automotive Electronic Devices Market Key Players
• 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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Key Questions answered in the Automotive Electronic Devices Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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