Japan Automotive Electronics Market Size & Outlook
Japan automotive electronics market, 2018-2030 (US$M)
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Japan automotive electronics market highlights
- The Japan automotive electronics market generated a revenue of USD 13,396.0 million in 2023 and is expected to reach USD 25,309.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.5% 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 13,396.0 million |
| Market revenue in 2030 | USD 25,309.7 million |
| Growth rate | 9.5% (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, Japan accounted for 5.1% 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 |
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Japan 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 37.09% in 2023. Horizon Databook has segmented the Japan 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 Japanese government has introduced several initiatives and policies to promote the adoption of EVs, including tax incentives, subsidies, and regulatory measures. The government has set a target of having EVs account for 50% of new car sales by 2030.
Furthermore, the region has environmental concerns, and the population is very concerned about air pollution and global warming which has led to a growing interest in EVs as a way to reduce emissions and promote sustainability.
Japan leads in advanced technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) which has fueled the development of new and innovative automotive electronics products, including infotainment systems, advanced driver assistance systems (ADAS), and autonomous driving technologies.
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Target buyers of Japan 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into Japan automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan automotive electronics market outlook size, by component, 2018-2030 (US$M)
Japan Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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