Canada Automotive Electronics Market Size & Outlook
Canada automotive electronics market, 2018-2030 (US$M)
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Canada automotive electronics market highlights
- The Canada automotive electronics market generated a revenue of USD 15,041.4 million in 2023 and is expected to reach USD 24,115.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 7% 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 15,041.4 million |
| Market revenue in 2030 | USD 24,115.8 million |
| Growth rate | 7% (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, Canada accounted for 5.7% 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 North America, U.S. automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 84,270.7 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 42.83% in 2023. Horizon Databook has segmented the Canada 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 shift towards electric vehicles is also driving the growth of automotive electronics in Canada. Like the U.S., electric vehicles require sophisticated electronic systems to manage battery power, electric powertrains, and regenerative braking systems.
For instance, in December 2022, the government of Ontario announced that it had provided investment of USD 19 million with the help of Ontario Vehicle Innovation Network for manufacturing next generation of vehicles with zero emissions, and electric vehicles.
This initiative is expected to help the automotive electronics companies in expanding their market by providing their systems to several EV manufacturers in the region.
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Target buyers of Canada 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 country-level data and insights on the Canada automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automotive electronics market outlook size, by component, 2018-2030 (US$M)
Canada Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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