Stratistics MRC’s Global Automotive Electronic Devices Market value is expected to reach $435.91 billion growing at a CAGR of 7.8% during 2023-2030.
Automotive electronic devices refer to the application of electronic systems and components in vehicles for a variety of functions, such as vehicle control, safety, communication, entertainment, and networking. The performance, effectiveness, comfort, and overall user experience of automotive vehicles are all to be improved by these technological components. They are utilized in many systems, including engine management, ignition, radio, automobile computers, telematics, and in-car entertainment.
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Europe is projected to have the highest CAGR over the forecast period, owing rising concern for the safety and security of both people and vehicles. Europe has been in the forefront of promoting ADAS and places a high priority on car safety. The integration of cutting-edge electronics into cars is driven by these safety criteria in order to make these features possible, assuring safer roads and improving the entire driving experience. It is beneficial that this region is home to reputable automakers like Volkswagen, Skoda, Audi, BMW, and Daimler, among others. The European Union has also put in place a number of regulations to lower traffic accidents and require safety features which is further propelling the market growth.
Some of the key players profiled in the Automotive Electronic Devices Market include Robert Bosch GmbH, HARMAN, CONTINENTAL AG, Hitachi Automotive Systems, Ltd., Lumotive, Inc., DENSO CORPORATION, Xilinx, Inc., Delta Electronics Inc, Infineon Technologies AG, Atotech, MRON Corporation, Hella Gmbh & Co. Kgaa, Koninklijke Philips N.V., HGM Automotive Electronics, Valeo Inc., Visteon Corporation, ZF Friedrichshafen AG and NXP Semiconductors.
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Key Developments:
In December 2022, NXP and Delta Electronics formed a strategic partnership to develop platforms for future automobiles. The two companies’ collaboration labs have also been made public. This partnership’s goals include improving electrification alternatives and implementing real-time products based on NXP S32E and S32Z processors. The S32E microcontroller is used to develop smart actuation, safety processing, domain and zonal control, and EV control.
In May 2022, Continental is widening its broad sensor portfolio by launching two new sensors for electrified vehicles: the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. Both new solutions focus on protecting the battery and/or on battery parameter retention. This compact modular sensor design measures the current and simultaneously detects temperature. Both values are highly relevant as input for the battery management.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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