UK Automotive Electronics Market Size & Outlook, 2023-2030
UK automotive electronics market, 2018-2030 (US$M)
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UK automotive electronics market highlights
- The UK automotive electronics market generated a revenue of USD 6,480.2 million in 2023 and is expected to reach USD 10,670.7 million by 2030.
- The UK market is expected to grow at a CAGR of 7.4% 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 6,480.2 million |
| Market revenue in 2030 | USD 10,670.7 million |
| Growth rate | 7.4% (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, UK accounted for 2.5% 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 |
|---|
UK 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 UK 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 demand for ADAS is also increasing in the U.K., and as a result, the adoption of automotive electronics is expected to continue to grow. ADAS are safety systems that are designed to help drivers avoid accidents, and they include features such as automatic emergency braking, lane departure warning, and blind-spot monitoring.
The market of automotive electronics in U.K. is expected to grow as various key players are taking initiatives to launch ADAS systems in the region. For instance, in March 2023, garage equipment specialist and vehicle Diagnostics Company Launch Tech UK announced the launch of its new passenger car ADAS calibration equipment, ADA Mobile, and ADAS PRO+ in U.K.
Furthermore, these systems provide calibration for lane departure warning, around-view monitoring, blind spot detection, night vision system, and adaptive cruise control.
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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 UK automotive electronics market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automotive electronics market outlook size, by component, 2018-2030 (US$M)
UK Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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