Europe Automotive Electronics Market Size & Outlook
Europe automotive electronics market, 2018-2030 (US$M)
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Europe automotive electronics market highlights
- The Europe automotive electronics market generated a revenue of USD 56,644.4 million in 2023.
- The market is expected to grow at a CAGR of 8.6% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 56,644.4 million |
| Market revenue in 2030 | USD 101,048.1 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 |
| 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, Europe region accounted for 21.6% 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.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 39.51% in 2023. Horizon Databook has segmented the Europe 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 growth of automotive electronics market is expected to increase in Europe owing to adoption of infotainment systems, and autonomous driving technologies. One of the key factors driving the growth of infotainment systems in Europe is the increasing demand for connected cars.
Consumers are increasingly looking for vehicles with advanced connectivity features, such as smartphone integration, navigation, and entertainment systems. As a result, automakers are investing heavily in the development of infotainment systems that can provide these features.
For instance, in November 2022, ECARX, a mobility tech company, introduced its digital head unit in Europe in collaboration with smart Europe GmbH. The companies developed a touchscreen infotainment system that provides touchscreen controls, wide range of driving modes, comfort modes, and customizable experience according to the user requirements.
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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 continent-level data and insights on the Europe automotive electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive electronics market outlook size, by country, 2018-2030 (US$M)
Europe Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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