Global Automotive Electrical Systems Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Increasing Integration of Advanced Driver Assistance Systems (ADAS) and Infotainment Features Boosts the Automotive Electrical Systems Market

• Automotive electrical systems are an essential component of modern vehicles. They consist of various electrical and electronic components that provide power to the vehicle's electrical systems. These systems include the battery, starter motor, alternator, wiring, and other components responsible for the vehicle's electronics. The automotive electrical systems market has experienced significant growth in recent years due to the increasing demand for electric vehicles and the rising consumer awareness about the benefits of advanced electrical systems. Advancements in technology have led to the development of more efficient and eco-friendly electrical systems that are also more reliable and durable. The demand for automotive electrical systems is expected to grow as governments worldwide focus on reducing emissions and improving fuel efficiency. As a result, many automotive manufacturers are investing in the development of electric and hybrid vehicles, which rely heavily on advanced electrical systems.
• The global automotive electrical systems market is driven by several factors such as increasing demand for electric vehicles, technological advancements, and rising consumer awareness about the benefits of these systems. In addition, the growing focus on reducing emissions and improving fuel efficiency has led to the development of advanced electrical systems that are more efficient and eco-friendlier.

Market Segmentations

• The Global Automotive Electrical Systems Market is segmented based on Product type, Application, Component Type, Vehicle Connectivity, Electric Vehicle Component, and Geography.
• By Product type, the automotive electrical systems market is segmented based on product type, which includes battery management systems, lighting systems, starting, charging, and ignition systems, and others. Battery management systems are responsible for managing the performance of batteries in vehicles, while lighting systems provide illumination and safety. Starting, charging, and ignition systems are responsible for starting the engine and providing power to the vehicle.
• By Application, the automotive electrical systems market is segmented based on application, which includes powertrain, safety and security, entertainment, and others. The powertrain includes the transmission, engine, and other components that provide power to the vehicle. Safety and security include airbags, anti-lock braking systems, and others. Entertainment includes audio and video systems, GPS navigation systems, and others.
• By Component Type, the automotive electrical systems market is segmented based on component type, which includes battery, starter motor, alternator, lighting components, and others. The battery and starter motor provide power to the vehicle, while the alternator generates electricity to recharge the battery. Lighting components include headlights, taillights, and other types of lights.
• By Vehicle Connectivity, the automotive electrical systems market is segmented based on vehicle connectivity, which includes connected cars and non-connected cars. Connected cars have internet connectivity and can communicate with other devices and networks, while non-connected cars do not have internet connectivity.
• By Electric Vehicle Component, the automotive electrical systems market is segmented based on electric vehicle components, including battery, motor, power electronics, and others. The battery provides power to the motor, while power electronics control the flow of electricity to the motor. Other components include the charging system and regenerative braking system.
• By Geography, the market is classified into the Americas, EMEA, and APAC. Among these regions, APAC accounts for the largest share of the market, due to the high adoption rate of automotive electrical systems and the booming automotive sector leading to increased production of vehicles with automotive electrical systems, especially in China and India.

Recent Development

• Continental AG, a leading German automotive manufacturing company, announced its partnership with Amazon Web Services (AWS) to develop and enhance its automotive software and systems. The collaboration aims to leverage AWS's cloud computing expertise to create a secure and reliable platform for the automotive industry, including electrical systems. - March 2022
• Robert Bosch GmbH, a global supplier of technology and services, introduced a new generation of 48-volt batteries for mild hybrid vehicles. The new batteries are designed to improve energy recuperation and power supply for the electrical systems in vehicles, leading to increased fuel efficiency and reduced CO2 emissions. - October 2021

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, and the Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Electrical Systems Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Electrical Systems Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Electrical Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market