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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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.
Partial client list
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)
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