The global automotive electronics market size was valued at USD 262.60 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030. The increasing integration and implementation of advanced safety systems such as automatic emergency braking, airbags, parking assistance systems, and lane departure warning to decrease road accidents is expected to favor demand over the forecast period. Moreover, features such as emergency call systems, alcohol ignition interlocks, and accident data recorder systems are rapidly adopted to safeguard in-vehicle passengers and are expected to drive market growth over the forecast period.

The increasing demand for electric vehicles is driving the demand for automotive electronics. Many people are switching from fuel ignited vehicles to electrics vehicles, and this is increasing the demand for systems. It has increased the demand for battery management systems and electric powertrains of electric vehicles. However, apart from the growing demand for electric vehicles, government regulations and funding have also impacted positively the automotive electronics market growth.

Gather more insights about the market drivers, restrains and growth of the Global Automotive Electronics Market

Automotive Electronics Market Report Highlights

• In terms of component, the sensors segment is estimated to expand at the highest CAGR of around 9.9% over the forecast period. This can be attributed to favorable government initiatives for passenger safety and security in various regions
• In terms of application, the safety system segment emerged as the largest segment in 2023. Increasing customer awareness about technological changes related to safety equipment in vehicles is expected to act as a potential driver for the growth of the safety systems segment
• In terms of sales channel, OEM emerged as the largest segment in 2023 owing to the increased durability and shelf-life of electronic components
• The Asia Pacific regional market held the largest revenue share in 2023. This can be attributed to the increasing production of vehicles in India, China, and Japan.

Browse through Grand View Research's Automotive Transportation Industry Research Reports.

• The global automotive battery market size was valued at USD 48.71 billion in 2016. The market is expected to witness significant growth over the coming years owing to rapid expansion in the automotive industry in emerging economies such as Mexico, Vietnam, Indonesia, India, and Thailand.
• The global apparel logistics market size was estimated at USD 54.96 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global automotive electronics market based on component, application, vehicle type, propulsion, sales channel, and region:

Automotive Electronics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

Automotive Electronics Application Outlook (Revenue, USD Million, 2018 - 2030)

• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics

Automotive Electronics Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Two Wheeler
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Automotive Electronics Propulsion Outlook (Revenue, USD Million, 2018 - 2030)

• ICE
• Electric

Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• OEM
• Aftermarket

Automotive Electronics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa

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