Automotive electronics market in Europe is predicted to witness a high growth over the forecast timespan due to the increasing manufacturing of luxury & passenger cars by the leading OEMs. Due to the implementation of high-end systems in these vehicles, the countries including Germany, Italy, UK, etc., are witnessing a high demand for automotive electronics. The regional automakers are focusing on providing efficient mobility such as connected vehicles, driving assistance, and infotainment systems. Additionally, increasing regulatory policies from the European Commission are supporting the expansion of the regional automobile industry, contributing to automotive electronics market growth.
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The powertrain system manufacturers are developing application-specific products and focusing on the incorporation of innovative techniques, further enhancing the vehicle performance. The need for low & zero emissions causing vehicles to control increased environmental pollution will result in the reconstruction of powertrain systems with natural gas, liquid air, and low fuel capabilities, adding to the automotive electronics market growth.
Industry Growth drivers:
1. Increasing demand for safety and comfort features in vehicles
2. Stringent regulatory framework in North America and Europe
3. Increasing sales of electric vehicles in China
4. Rapid development of unmanned driving technology in Europe
5. Flourishing automobile production in Mexico
6. Growing vehicle production activities in South Africa
7. Proliferation of component manufacturers in Asia Pacific
In the automotive electronics market, powertrain applications are gaining high popularity across all regions due to the development of efficient fuel and energy consumption systems. Automotive electronic system manufacturers are concentrating on providing systems that will improve engine control and transmission drivetrains to address the OEM requirements. Furthermore, the powertrain applications are highly in demand due to high production and consumption of battery & electric vehicles.
In the automotive electronics market, commercial vehicles are gaining a high traction owing to technical advancements in vehicle lighting & engine management systems. Commercial vehicles developed for the transportation and logistics industry require high-capacity engine systems. Leading automotive electronics market players such as Bosch Group, Continental AG, etc., have developed specific high-capacity compatible systems for commercial vehicles. For instance, in September 2017, Bosch Group announced the development of powertrain eAxle solution for commercial vehicles in partnership with Nikola Motor Company. Additionally, commercial vehicles are implementing efficient night vision and monitoring systems that aid drivers in night driving and unfavorable driving conditions.
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The innovations in vehicle architectures and systems that enable a high-end driving experience in OEMs will drive the automotive electronics market growth. These strategies include the implementation of luxury & comfort features, ADAS solutions, and support to the sustainable development initiatives across all industry verticals. To address such requirements, OEMs require efficient electronic systems, further creating a demand for products such as powertrain, infotainment, etc., in the automotive electronics market.
Additionally, the electrification of vehicle architecture and engines in the electric and hybrid mobility further provides an impetus to the industry development. The growth is attributed to high manufacturing and consumption of EVs in China, North America, and Europe.
Table Of Content:
Chapter 4. Automotive Electronics Market, By Vehicle Type
4.1. Key trends by vehicle type
4.2. Passenger cars
4.2.1. Market estimates and forecasts, 2013 – 2024
4.3. Commercial vehicles
4.3.1. Market estimates and forecasts, 2013 – 2024
Chapter 5. Automotive Electronics Market, By Application
5.1. Key trends by application
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts, by product, 2013 – 2024
18.104.22.168. Adaptive cruise control
22.214.171.124. Blind spot detection
126.96.36.199. Parking assistance
188.8.131.52. Automated emergency braking
184.108.40.206. Night vision
220.127.116.11. Lane department warning
5.3. Body Electronics
5.3.1. Market estimates and forecasts, 2013 – 2024
5.4. Infotainment & communication
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts, by product, 2013 – 2024
18.104.22.168. Head-up display
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts, by product, 2013 – 2024
22.214.171.124. Engine Controllers
126.96.36.199. Transmission Drivetrain
5.6. Safety systems
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Prominent players present in the automotive electronics market comprise Bosch Group, Magna International, Continental AG, Hyundai Mobis, Hitachi Automotive Systems, Delphi Automotive, Lear Corporation, ZF Friedrichshafen AG, Texas Instruments, Faurecia, etc. Continuous product innovations by investing in R&D activities aid the companies to sustain a high automotive electronics market competition. The key companies adopt partnerships, collaborations, and dealership strategies to address varied demands from leading OEMs.
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