Kuwait Automotive Electronics Market Size & Outlook
Kuwait automotive electronics market, 2018-2030 (US$M)
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Kuwait automotive electronics market highlights
- The Kuwait automotive electronics market generated a revenue of USD 469.2 million in 2023 and is expected to reach USD 655.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, current carrying devices was the largest revenue generating component in 2023.
- Electronic Control Units 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 469.2 million |
| Market revenue in 2030 | USD 655.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Electronic Control Units |
| 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, Kuwait accounted for 0.2% 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 Middle East & Africa, Saudi Arabia automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,768.0 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 42.37% in 2023. Horizon Databook has segmented the Kuwait automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Kuwait 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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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 Kuwait automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait automotive electronics market outlook size, by component, 2018-2030 (US$M)
Kuwait Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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