North America Automotive Electronics Market Size & Outlook
North America automotive electronics market, 2018-2030 (US$M)
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North America automotive electronics market highlights
- The North America automotive electronics market generated a revenue of USD 60,230.2 million in 2023.
- The market is expected to grow at a CAGR of 8.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 60,230.2 million |
| Market revenue in 2030 | USD 108,386.5 million |
| Growth rate | 8.8% (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, North America region accounted for 22.9% 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 |
|---|
North America 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 41.21% in 2023. Horizon Databook has segmented the North America 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 experience significant growth in North America over the forecast period. The region is home to several Automotive Electronics companies that are implementing partnership and collaboration initiatives to grow their market presence.
For instance, in January 2023, U.S. based automotive electronics supplier, announced technology collaboration with semiconductor and software manufacturer Qualcomm for developing advanced cockpit domain controller which is designed to enable automotive companies’ modern cockpits.
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Target buyers of North America 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 continent-level data and insights on the North America automotive electronics market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America automotive electronics market outlook size, by country, 2018-2030 (US$M)
North America Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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