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Automotive Electronics Market by Vehicle Type, Component, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 341 Pages
  • February 2020
  • Region: Global
  • Allied Market Research
  • ID: 5019923
Description Jump to:
The global automotive electronics market generated revenue worth $228.34 billion in 2019, and is projected to reach $382.16 billion by 2026, to register a CAGR of 7.50% during the forecast period. Automotive electronics industry deals with equipping vehicles with digital and automatic controls. The features such as power windows, changing ride modes, lighting, safety features, driver assistance, automatic ride controls, infotainment and other such functionality uses automotive electronics. The electronics are installed in various categories of vehicles such as passenger cars, LCVs and HCVs.



The adoption of various advanced electronic components such as sensors, actuators, processors, microcontrollers has backed the shift of manual and conventional vehicle features & control towards autonomous functionalities. Further, various key players with innovative products has assisted the automotive electronic market growth.

Adoption of IoT and AI in the automobiles industry, the growth in consumer awareness and demand for safety features in the automobiles, vehicles equipped with automated driving, an increase in demand for infotainment electronics drive the market of automotive electronics. On the other hand, slow adoption of automotive electronics in developing countries and also the increase in overall cost of end-product due to integration of automotive electronics hampers the market growth. Furthermore, the investment towards autonomous driving of vehicles in smart grids is expected to create lucrative opportunities in the automotive electronic market.

The automotive electronics market is segmented on the basis of vehicle type, component, application, distribution channel, and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system, power train and other. Distribution channel in the market is segmented as OEM and aftermarket. Based on region, the market is analyzed across North America, Europe, Asia Pacific and LAMEA.

Key players operating in the global automotive electronics 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., and Aptiv PLC. The companies follow various market strategies such as product launch, product development, collaboration, partnership, and others that leads to the market growth.

KEY MARKET SEGMENTS

By Vehicle Type
  • Passenger Car
  • LCV
  • HCV

By Component
  • Sensors
  • Actuators
  • Processor
  • Microcontrollers
  • Others

By Application
  • ADAS
  • Infotainment
  • Body Electronics
  • Safety System
  • Power Train
  • Others

By Distribution Channel
  • OEM
  • Aftermarket

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa


Key Market 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.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping automotive electronics market
3.2.1. Drivers
3.2.1.1. Adoption of IoT and AI in the automobiles
3.2.1.2. Rise in vehicles equipped with automated driving
3.2.1.3. Rise in demand for in-vehicle safety feature
3.2.2. Restraints
3.2.2.1. Low adoption of automotive electronics in newly industrialized countries
3.2.2.2. Increase in cost of automobile with more automated features
3.2.3. Opportunity
3.2.3.1. Investment toward autonomous driving of vehicles in smart grids
CHAPTER 4: AUTOMOTIVE ELECTRONICS MARKET, BY VEHICLE TYPE
4.1. Overview
4.2. Passenger Car
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Light Commercial Vehicle
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Heavy Commercial Vehicle
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
CHAPTER 5: AUTOMOTIVE ELECTRONIC MARKET, BY COMPONENT
5.1. Overview
5.2. Sensors
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Actuators
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Processors
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. Microcontrollers
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
CHAPTER 6: AUTOMOTIVE ELECTRONICS MARKET, BY APPLICATION
6.1. Overview
6.2. ADAS
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Infotainment
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. Body Electronics
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country
6.5. Safety System
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis by country
6.6. Power Train
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis by country
6.7. Others
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis by country
CHAPTER 7: AUTOMOTIVE ELECTRONICS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: AUTOMOTIVE ELECTRONICS MARKET, BY DISTRIBUTION CHANNEL
8.1. Overview
8.2. OEM
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by region
8.2.3. Market analysis by country
8.3. Aftermarket
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by region
8.3.3. Market analysis by country
CHAPTER 9: AUTOMOTIVE ELECTRONICS MARKET, BY REGION
9.1. Overview
9.2. North America
9.2.1. Key market trends, growth factors and opportunities
9.2.2. Market size and forecast, by vehicle type
9.2.3. Market size and forecast, by components
9.2.4. Market size and forecast, by application
9.2.5. Market size and forecast, by distribution channels
9.2.6. Market analysis, by region
9.2.6.1. U.S.
9.2.6.1.1. Market size and forecast, by vehicle type
9.2.6.1.2. Market size and forecast, by component
9.2.6.1.3. Market size and forecast, by application
9.2.6.1.4. Market size and forecast, by distribution channel
9.2.6.2. CANADA
9.2.6.2.1. Market size and forecast, by vehicle type
9.2.6.2.2. Market size and forecast, by component
9.2.6.2.3. Market size and forecast, by application
9.2.6.2.4. Market size and forecast, by distribution channel
9.2.6.3. MEXICO
9.2.6.3.1. Market size and forecast, by vehicle type
9.2.6.3.2. Market size and forecast, by component
9.2.6.3.3. Market size and forecast, by application
9.2.6.3.4. Market size and forecast, by distribution channel
9.3. Europe
9.3.1. Key market trends, growth factors and opportunities
9.3.2. Market size and forecast, by vehicle type
9.3.3. Market size and forecast, by components
9.3.4. Market size and forecast, by application
9.3.5. Market size and forecast, by distribution channels
9.3.6. Market analysis, by region
9.3.6.1. UK
9.3.6.1.1. Market size and forecast, by vehicle type
9.3.6.1.2. Market size and forecast, by component
9.3.6.1.3. Market size and forecast, by application
9.3.6.1.4. Market size and forecast, by distribution channel
9.3.6.2. Germany
9.3.6.2.1. Market size and forecast, by vehicle type
9.3.6.2.2. Market size and forecast, by component
9.3.6.2.3. Market size and forecast, by application
9.3.6.2.4. Market size and forecast, by distribution channel
9.3.6.3. France
9.3.6.3.1. Market size and forecast, by vehicle type
9.3.6.3.2. Market size and forecast, by component
9.3.6.3.3. Market size and forecast, by application
9.3.6.3.4. Market size and forecast, by distribution channel
9.3.6.4. Italy
9.3.6.4.1. Market size and forecast, by vehicle type
9.3.6.4.2. Market size and forecast, by component
9.3.6.4.3. Market size and forecast, by application
9.3.6.4.4. Market size and forecast, by distribution channel
9.3.6.5. Rest of Europe
9.3.6.5.1. Market size and forecast, by vehicle type
9.3.6.5.2. Market size and forecast, by component
9.3.6.5.3. Market size and forecast, by application
9.3.6.5.4. Market size and forecast, by distribution channel
9.4. Asia-Pacific
9.4.1. Key market trends, growth factors and opportunities
9.4.2. Market size and forecast, by vehicle type
9.4.3. Market size and forecast, by components
9.4.4. Market size and forecast, by application
9.4.5. Market size and forecast, by distribution channels
9.4.6. Market analysis, by region
9.4.6.1. China
9.4.6.1.1. Market size and forecast, by vehicle type
9.4.6.1.2. Market size and forecast, by component
9.4.6.1.3. Market size and forecast, by application
9.4.6.1.4. Market size and forecast, by distribution channel
9.4.6.2. Japan
9.4.6.2.1. Market size and forecast, by vehicle type
9.4.6.2.2. Market size and forecast, by component
9.4.6.2.3. Market size and forecast, by application
9.4.6.2.4. Market size and forecast, by distribution channel
9.4.6.3. India
9.4.6.3.1. Market size and forecast, by vehicle type
9.4.6.3.2. Market size and forecast, by component
9.4.6.3.3. Market size and forecast, by application
9.4.6.3.4. Market size and forecast, by distribution channel
9.4.6.4. South Korea
9.4.6.4.1. Market size and forecast, by vehicle type
9.4.6.4.2. Market size and forecast, by component
9.4.6.4.3. Market size and forecast, by application
9.4.6.4.4. Market size and forecast, by distribution channel
9.4.6.5. Rest of Asia-Pacific
9.4.6.5.1. Market size and forecast, by vehicle type
9.4.6.5.2. Market size and forecast, by component
9.4.6.5.3. Market size and forecast, by application
9.4.6.5.4. Market size and forecast, by distribution channel
9.5. LAMEA
9.5.1. Key market trends, growth factors and opportunities
9.5.2. Market size and forecast, by vehicle type
9.5.3. Market size and forecast, by components
9.5.4. Market size and forecast, by application
9.5.5. Market size and forecast, by distribution channels
9.5.6. Market analysis, by region
9.5.6.1. Latin America
9.5.6.1.1. Market size and forecast, by vehicle type
9.5.6.1.2. Market size and forecast, by component
9.5.6.1.3. Market size and forecast, by application
9.5.6.1.4. Market size and forecast, by distribution channel
9.5.6.2. Middle East
9.5.6.2.1. Market size and forecast, by vehicle type
9.5.6.2.2. Market size and forecast, by component
9.5.6.2.3. Market size and forecast, by application
9.5.6.2.4. Market size and forecast, by distribution channel
9.5.6.3. Africa
9.5.6.3.1. Market size and forecast, by vehicle type
9.5.6.3.2. Market size and forecast, by component
9.5.6.3.3. Market size and forecast, by application
9.5.6.3.4. Market size and forecast, by distribution channel
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.2.1. Top winning strategies, by year
10.2.2. Top winning strategies, by development
10.2.3. Top winning strategies, by company
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Key developments
10.6.1. New product launches
10.6.2. Other developments
CHAPTER 11: COMPANY PROFILES
11.1. Robert Bosch
11.1.1. Company overview
11.1.2. Company snapshot
11.1.3. Operating business segments
11.1.4. Business performance
11.1.5. Key strategic moves and developments
11.2. RENESAS ELECTRONICS CORPORATION
11.2.1. Company overview
11.2.2. Company snapshot
11.2.3. Operating business segments
11.2.4. Product portfolio
11.2.5. Business performance
11.2.6. Key strategic moves and developments
11.3. INFINEON TECHNOLOGIES AG
11.3.1. Company overview
11.3.2. Company snapshot
11.3.3. Operating business segments
11.3.4. Product portfolio
11.3.5. Business performance
11.3.6. Key strategic moves and developments
11.4. STMICROELECTRONICS N.V.
11.4.1. Company overview
11.4.2. Company snapshot
11.4.3. Operating business segments
11.4.4. Product portfolio
11.4.5. Business performance
11.4.6. Key strategic moves and developments
11.5. TEXAS INSTRUMENTS
11.5.1. Company overview
11.5.2. Company snapshot
11.5.3. Operating business segments
11.5.4. Product portfolio
11.5.5. Business performance
11.5.6. Key strategic moves and developments
11.6. NXP SEMICONDUCTORS N.V.
11.6.1. Company overview
11.6.2. Company snapshot
11.6.3. Product portfolio
11.6.4. Product portfolio
11.6.5. Business performance
11.6.6. Key strategic moves and developments
11.7. Continental AG
11.7.1. Company overview
11.7.2. Company snapshot
11.7.3. Operating business segments
11.7.4. Product portfolio
11.7.5. Business performance
11.7.6. Key strategic moves and developments
11.8. NVIDIA Corporation
11.8.1. Company overview
11.8.2. Company snapshot
11.8.3. Operating business segments
11.8.4. Business performance
11.8.5. Key strategic moves and developments
11.9. Hitachi, Ltd. (Hitachi Automotive Systems, Ltd.)
11.9.1. Company overview
11.9.2. Company snapshot
11.9.3. Operating business segments
11.9.4. Product portfolio
11.9.5. Business performance
11.10. Aptiv PLC (Delphi Automotive PLC)
11.10.1. Company overview
11.10.2. Company snapshot
11.10.3. Operating business segments
11.10.4. Product portfolio
11.10.5. Business performance
11.10.6. Key strategic moves and developments

Executive Summary

The report titled, 'Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,'projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe. Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand for in-vehicle safety features fuels the growth of the global automotive electronics market.

Automotive Electronics industry deals in equipping vehicles with digital and automatic controls. Factors such as adoption of IoT and AI in the automobiles, vehicles equipped with automated driving, the demand of in-vehicle safety features, increase in demand of infotainment features drive the market of automotive electronics. On the other hand, low adoption of automotive electronics in newly industrialized countries and increase in overall cost of end-product due to integration of automotive electronics hampers the market growth. Further, the investment towards autonomous driving of vehicles in smart grids is expected to provide lucrative opportunities in the automotive electronics market share.

Over the period automobile industry has witnessed automation in multiple functionalities such as power windows, camera parking assistance, integrated digital cockpit and such other features. The penetration of ADAS in economical range of cars drives the market. In addition, rise in competition in the automotive market manufacturers offer infotainment features in the economical range of cars. Thus, a greater number of cars getting equipped with infotainment electronics increases the market of automotive electronics. Further, the advancement of IoT and AI has promoted penetration of the infotainment electronics in automobiles driving the automotive electronics market share globally.

The passenger car segment was the highest contributor to the automotive electronics market growth in 2019, whereas, HCV experienced fastest growth with a CAGR of 9.0% during the forecast period. The innovation and standardization in the aftermarket products are the factors for its fast growth in future.

As per automotive electronics market trends, Asia-Pacific was the major revenue generator in 2019 and is expected to maintain its dominance in the future. This is attributed to the rise in industrial sector and its automation which is expected to drive the automotive electronics market growth globally.

According to automotive electronics market analysis, Asia-Pacific is projected to experience rapid growth throughout the analysis period, China witnessed the highest demand for level sensors, due to wide presence of semiconductor companies in the country and stringent government regulations associated with level sensors. Moreover, enhancement in industrial autonomy and increase in expenditure in the emerging markets such as Latin America and the Middle East to meet demand for exponentially growing economies in these countries have strengthened the market growth. Furthermore, technological advancements for cost-effective and high precision applications in these nations offer lucrative automotive electronics market opportunity.

The automotive electronics market size is segmented on the basis of vehicle type, component, application, distribution channel, and region. By vehicle type, it is categorized as passenger cars, LCVs and HCVs. On the basis of component, it is categorized into sensors, actuators, processors, microcontrollers, and others. The application segment is divided into ADAS, infotainment, body electronics, safety system and power train and such other applications. Distribution channel in the automotive electronics market is segmented as OEM and aftermarket.

Key Findings of the Study:
By vehicle type, the passenger car segment accounted for the highest share of the automotive electronics market forecast in 2019 with $87.39 billion, growing at a CAGR of 5.6% from 2019 to 2026.
On the basis of component, the microcontrollers segment generated the highest revenue, accounting for $63.44 billion in 2019.
By region, Asia-Pacific is expected to dominate the market, garnering 8.2% share during the forecast period.

The report provides a comprehensive analysis of the major market players such as ABB Ltd., AMETEK Inc., Emerson Electric Co., Endress+Hauser Management AG, Honeywell International Inc., Siemens AG, Taiwan Semiconductor Manufacturing Company Limited, TE Connectivity, Texas Instruments, and Vega Grieshaber Kg. Key players operating in the global automotive electronics 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., and Aptiv PLC.

The companies follow various market strategies such as product launch, product development, collaboration, partnership, and others that leads to the market growth. Nvidia launched a simulator that leverages cloud computing power to test autonomous vehicles. The software can simulate glare at sunset, snowstorms, poor road surfaces, and dangerous situations to test the vehicle's ability to react.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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