Global Automotive Electronics Market Size & Outlook
The automotive electronics industry worldwide is expected to reach a projected revenue of US$ 468,165.7 million by 2030. A compound annual growth rate of 8.6% is expected of the worldwide automotive electronics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$262,602.1
Forecast, 2030 (US$M)
$468,165.7
CAGR, 2024 - 2030
8.6%
Report Coverage
Worldwide
Global automotive electronics market, 2018-2030 (US$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 segmentation & 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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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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Automotive electronics market size, 2023 (USD Million)
Top 10 countries: Automotive electronics market size, 2023 (USD Million)
Global automotive electronics market, by region, 2023 (US$M)
Related regional statistics
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