Asia Pacific Automotive Electronics Market Size & Outlook
Asia Pacific automotive electronics market, 2018-2030 (US$M)
Related Markets
Asia Pacific automotive electronics market highlights
- The Asia Pacific automotive electronics market generated a revenue of USD 108,739.4 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, current carrying devices was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 108,739.4 million |
| Market revenue in 2030 | USD 198,196.2 million |
| Growth rate | 9% (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 |
| Key market players worldwide | Continental AG, Denso Corp, HELLA GmbH & Co KGaA, Hitachi Ltd, Infineon Technologies AG, Robert Bosch Engineering & Business Solutions, Valeo SA, Visteon Corp, Advanced Micro Devices Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.4% of the global automotive electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 198,196.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 39.53% in 2023. Horizon Databook has segmented the Asia Pacific automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive manufacturers intend to enhance their production volume by implementing modern manufacturing technology. For instance, Mercedes Benz, General Motors, and Volkswagen shifted their production plants to developing countries. Furthermore, Asia Pacific is home to leading semiconductor suppliers.
And easy availability of power electronics components and devices makes Asia Pacific the leading regional market. The government regulations for the adoption of electric vehicles have increased the market growth for automotive electronics.
For instance, in July 2022, Hong Kong-based New World Development Company Limited (NWD) announced its initiative to invest USD 6.36 million for boosting the adoption of electric vehicles in the city. Furthermore, NWD installed more than 100 charging points globally. These activities will boost the region's electric car production, leading to an increase in demand for automotive electronics.
Reasons to subscribe to Asia Pacific automotive electronics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific automotive electronics market databook
-
Our clientele includes a mix of automotive electronics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific automotive electronics market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
