Global Automotive Electronics Market Size & Outlook
Global automotive electronics market, 2018-2030 (US$M)
Related Markets
Global automotive electronics market highlights
- The global automotive electronics market generated a revenue of USD 262,602.1 million in 2023 and is expected to reach USD 468,165.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.6% by 2030.
- In terms of segment, current carrying devices accounted for a revenue of USD 105,630.0 million in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 262,602.1 million |
| Market revenue in 2030 | USD 468,165.7 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic Control Units, Sensors, Current Carrying Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 22.9% of the global automotive electronics market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 655.7 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive electronics market will help companies and investors design strategic landscapes.
Current carrying devices was the largest segment with a revenue share of 40.22% in 2023. Horizon Databook has segmented the Global automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Electronics Component Outlook (Revenue, USD Million, 2018-2030)
- Electronic Control Units
- Sensors
- Current Carrying Devices
- Others
- Global Automotive Electronics Application Outlook (Revenue, USD Million, 2018-2030)
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
- Global Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Aftermarket
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Target buyers of Global automotive electronics market databook
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Our clientele includes a mix of automotive electronics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive electronics market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive electronics market outlook size, by region, 2018-2030 (US$M)
Top 10 countries: Automotive electronics market size, 2023 (US$M)
Global automotive electronics market share, by component, 2023 & 2030 (%, US$M)
Automotive electronics market: Opportunity assessment by country
Global automotive electronics market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 52,463.7 | 56,768.5 | 49,767.7 | 52,615.7 | 56,107.4 | 60,230.2 | 65,000.0 | 70,381.7 | 76,425.4 | 83,156.0 | 90,625.5 | 99,003.0 | 108,386.5 | 8.8% |
| Europe | 49,609.6 | 53,634.8 | 46,980.7 | 49,607.1 | 52,833.1 | 56,644.4 | 61,053.8 | 66,026.2 | 71,606.3 | 77,815.1 | 84,698.9 | 92,414.6 | 101,048.1 | 8.6% |
| Asia Pacific | 93,853.5 | 101,741.2 | 89,358.2 | 94,644.9 | 101,110.8 | 108,739.4 | 117,565.9 | 127,533.0 | 138,738.2 | 151,233.1 | 165,119.6 | 180,711.0 | 198,196.2 | 9.0% |
| Latin America | 23,657.1 | 25,333.7 | 21,979.9 | 22,996.2 | 24,267.4 | 25,779.9 | 27,532.3 | 29,502.0 | 31,702.3 | 34,135.8 | 36,815.4 | 39,789.5 | 43,095.5 | 7.6% |
| MEA | 10,695.4 | 11,361.6 | 9,772.7 | 10,154.2 | 10,635.9 | 11,208.2 | 11,867.1 | 12,598.7 | 13,404.6 | 14,281.1 | 15,228.5 | 16,285.7 | 17,439.5 | 6.5% |
| Overall | 230,279.2 | 248,839.7 | 217,859.2 | 230,017.9 | 244,954.5 | 262,602.1 | 283,019.0 | 306,041.5 | 331,876.8 | 360,621.1 | 392,487.9 | 428,203.9 | 468,165.7 | 8.6% |
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