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Automotive Electronics Market Share

Report ID: GMI183
Published Date: Aug 2024
Report Format: PDF

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Automotive Electronics Market Share

Robert Bosch GmbH and Continental AG holds a significant share of over 15% in the market. The major players operating in the automotive electronics industry are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation, and Aisin Seiki Co., Ltd. The ecosystem also involves prominent players including VALEO, BorgWarner Inc, Magna International, Inc., Broadcom Inc, and LEAR. The companies operating in the market are focusing on various growth strategies including strategic acquisitions, collaborations, opening new facilities, and launching new products, increasing their market shares.

Automotive Electronics Market Companies

Major players operating in the automotive electronics industry are:

Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Denso Corporation
Aisin Seiki Co., Ltd.
VALEO
BorgWarner Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of automotive electronics reached USD 312.9 billion in 2023 and is set to register over 8.9% CAGR between 2024 and 2032, led by the rising awareness of road safety due to increasing accidents worldwide.

The passenger cars segment accounted for over 83% of the market share in 2023 and will expand rapidly through 2032, due to the higher volume of passenger car production.

Asia Pacific market held over 48% share in 2023, as the region boasts some of the world's largest automotive manufacturing hubs.

Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation, Aisin Seiki Co., Ltd, VALEO, and BorgWarner Inc. among others.