Home > Automotive > Automotive Technology > automotive electronics market
Get a free sample of Automotive Electronics Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Automotive Electronics Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
Major players operating in the automotive electronics industry are:
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.
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.
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.