Automotive Electronic Devices Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Automotive Electronic Devices Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Automotive Electronic Devices market and its component manufacturers over the next decade.

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Automotive Electronic Devices Market Values

Automotive Electronic Devices Market size was valued at US$ 282.08 Bn. in 2022 and the total revenue is expected to grow at 7.30% through 2023 to 2029, reaching nearly US$ 461.93 Bn.

Automotive Electronic Devices Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Automotive Electronic Devices market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Automotive Electronic Devices market are examined in the report.

Automotive Electronic Devices Market Dynamics

As the number of electric and hybrid vehicles (HEV) and EVs rises, so too is the demand for automotive electronic equipment. Electronics may also be used to satisfy the varied demands of the automotive industry while improving dependability and reducing wire harness complexity by substituting electronic components for mechanical systems and electronic switches for relays.

Government policies aimed at reducing auto accidents and the most recent advancements in in-vehicle safety technology are anticipated to propel market expansion during the projected timeframe. In-car infotainment systems have improved comfort, economy, and convenience, and as a result, there is an increasing need for in-car storage devices to enable sophisticated in-car services.

Automotive Electronic Devices Market Segmentation

by Component

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

The global market for automotive electronic devices is divided into four segments based on the component: electronic control units, sensors, current carrying devices, and others. In 2022, the segment with the biggest market share was current carrying devices. Devices that carry current include wiring harnesses, fuses, electronics valves, and adapters. The high cost and large amount of electronic components used in automobiles, like as switching devices, fuses, adapters, and shiny, is the reason behind the component industry's massive sales rise of current-carrying devices. The market's expansion may also be explained by the rising need for commercial trucks and transport vehicles to have connection, convenience, and security features.

by Application

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

The global market for automotive electronic devices is divided into five segments: body electronics, safety systems, infotainment, ADAS, and powertrain electronics. These segments are based on the application. In the global market for automotive electronic devices in 2022, the safety systems category had the biggest market share. Safety systems include things like electric power steering, damping control, electronic brake distribution, electronic stability control, driver monitoring systems, catalytic converters, and keyless ignition systems. It is anticipated that as consumer awareness of scientific developments related to automotive safety equipment increases, the safety systems market will grow.

by Sales Channel

• OEM
• Aftermarket

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Automotive Electronic Devices Market Key Players

• Robert Bosch
• Renesas Electronics Corporation
• Infineon Technologies AG
• STMicroelectronics N.V.
• Texas Instruments
• NXP Semiconductors N.V.
• Continental AG
• NVIDIA Corporation
• Hitachi Ltd.
• Aptiv PLC.
• DENSO Corporation
• Hella GmbH& Co. KGaA
• Visteon Corporation
• Xilinx, Inc.
• ZF Friedrichshafen AG

Table of content for the Automotive Electronic Devices Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Automotive Electronic Devices Market Report

Part 03: Automotive Electronic Devices Market Landscape

Part 04: Automotive Electronic Devices Market Sizing

Part 05: Automotive Electronic Devices Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Automotive Electronic Devices market report comprises an extensive analysis of the Automotive Electronic Devices industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Automotive Electronic Devices Market Report are:

• What is Automotive Electronic Devices Market?
• What is the forecast period of the Automotive Electronic Devices Market?
• What is the competitive scenario of the Automotive Electronic Devices market?
• Which region held the largest market share in the Automotive Electronic Devices Market?
• What are the opportunities for the Automotive Electronic Devices Market?
• What are the restraining factors in the Automotive Electronic Devices market?
• Who are the key players of the Automotive Electronic Devices market?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Automotive Electronic Devices
• Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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