Germany Automotive Electronics Market Size & Outlook
Germany automotive electronics market, 2018-2030 (US$M)
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Germany automotive electronics market highlights
- The Germany automotive electronics market generated a revenue of USD 12,605.2 million in 2023 and is expected to reach USD 31,179.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 13.8% 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 12,605.2 million |
| Market revenue in 2030 | USD 31,179.3 million |
| Growth rate | 13.8% (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, Germany accounted for 4.8% 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 Europe, Germany automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 31,179.3 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 36.16% in 2023. Horizon Databook has segmented the Germany 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 automotive electronics market is expected to grow in future owing to the growth in the adoption of autonomous vehicles. In May 2022, Mercedes-Benz started selling vehicles equipped with automated driving technology called Drive Pilot in Germany.
The Drive Pilot provides numerous radars, lidars, moisture sensors, camera, and ultrasound. Moreover, it controls vehicle’s speed and keeps the vehicles in its lane and collects real-time data from vehicle.
The adoption of autonomous vehicles is expected to drive the demand for automotive electronics as autonomous vehicles are equipped with numerous automotive electronic equipment such as radars, infotainment system, ADAS, cameras and several others.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into Germany automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany automotive electronics market outlook size, by component, 2018-2030 (US$M)
Germany Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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