India Automotive Electronics Market Size & Outlook
India automotive electronics market, 2018-2030 (US$M)
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India automotive electronics market highlights
- The India automotive electronics market generated a revenue of USD 10,002.1 million in 2023 and is expected to reach USD 19,205.2 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% 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 10,002.1 million |
| Market revenue in 2030 | USD 19,205.2 million |
| Growth rate | 9.8% (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, India accounted for 3.8% 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 Asia Pacific, China automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,205.2 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 41.63% in 2023. Horizon Databook has segmented the India automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid advancements in technology have led to the development of new and innovative automotive electronics products, such as infotainment systems, navigation systems, and advanced driver assistance systems (ADAS). This has fueled the growth of the automotive electronics market in India.
In October 2022, manufacturer of ignition switches and for Indian Automotive Industry announced its collaboration with South Korean organization Daisung Electric for providing ADAS systems solution to India for passenger, off road, and commercial vehicles.
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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 India automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into India automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive electronics market outlook size, by component, 2018-2030 (US$M)
India Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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