Brazil Automotive Electronics Market Size & Outlook
Brazil automotive electronics market, 2018-2030 (US$M)
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Brazil automotive electronics market highlights
- The Brazil automotive electronics market generated a revenue of USD 16,174.3 million in 2023 and is expected to reach USD 27,749.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8% 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.
Automotive electronics market data book summary
| Market revenue in 2023 | USD 16,174.3 million |
| Market revenue in 2030 | USD 27,749.2 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 6.2% of the global automotive electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,503.9 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 41.37% in 2023. Horizon Databook has segmented the Brazil automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
The cost of automotive electronics has been declining steadily in recent years, making it more affordable for automakers to include these systems in their vehicles. This has made it easier for Brazilian automakers to adopt automotive electronics, even in the face of high import tariffs on electronic components.
Brazil has introduced regulations aimed at reducing greenhouse gas emissions from vehicles, which has led to an increase in the adoption of hybrid and electric vehicles. These vehicles rely heavily on automotive electronics to control the electric powertrain and manage energy consumption.
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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 country-level data and insights on the Brazil automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automotive electronics market outlook size, by component, 2018-2030 (US$M)
Brazil Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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