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Electronics have penetrated almost every component of today’s automobile, ranging from engine components and dashboards to driving-assist systems and more. Electrical equipment including the wiring harnesses that connect v ....see more
The EV battery testing market is projected to reach USD 9.51 billion in 2030 at a CAGR of 19.0% during the forecast period. The EV battery testing market is dominated by global players such as TÜV SÜD (Germany), Intertek Group plc (UK), UL LLC (US), Bureau Veritas (Belgium) and SGS Société Générale de Surveillance SA (Switzerland). These companies adopted new service launches, partnerships, collaboration, and other strategies to gain traction in the rolling stock market.
The global window lift motors market is projected to reach USD 3.8 billion by 2030, at a CAGR of 1.6% during the forecasting period. The window lift motors market is dominated by key players such as Denso Corporation (Japan), Brose Fahrzeugteile SE & Co. KG (Germany), Robert Bosch GmbH (Germany), Mitsuba Corp. (Japan), and HI-LEX Corporation (Japan), and Antolin (Spain), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
The global AVAS market is projected to reach USD 1.7 billion by 2030 and grow at a CAGR of 6.4% over the forecast period. The AVAS market is dominated by major players, including Continental AG (Germany), Hella GMBH & CO. KGAA (Germany), Kendrion N. V. (Netherlands), Harman International (US), and Denso Corporation (Japan). These companies offer AVAS to major OEMs and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the AVAS market.
The global EV Charging Station market size is projected to reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period. The major players in EV Charging Station market include ABB (Switzerland), BYD (China), ChargePoint (US), Tesla (US), Siemens (Germany), among others. These companies offer EV Charging stations and solutions for OEMs as well as for Charge Point Operators and have strong distribution networks across the globe.
The automotive telematics market size is projected to reach USD 16.1 Billion by 2030, at a CAGR of 10.1% during the forecast period. The Automotive Telematics Market is dominated by globally established players, such as Robert Bosch GmbH (Germany), Continental AG (Germany), AT&T Inc (US), LG Electronics. (South Korea), and Verizon (US).
The global EV connector market is projected to reach USD 10.9 billion by 2030, registering a CAGR of 27.1% during the forecast period. The EV connector market is dominated by established players such as TE Connectivity Ltd. (Switzerland), Aptiv PLC (Ireland), Yazaki Corporation (Japan), Molex LLC (US), and Sumitomo Electric Industries Ltd. (Japan).
Automotive Lighting Market is projected to reach USD 30.4 billion by 2030, at a CAGR of 4.4% during the forecast period. The Automotive Lighting Market is dominated by globally established players, such as Koito Manufacturing (Japan), Magnetic Marelli (Italy), Valeo (France), HELLA GmbH & Co. KGaA (Germany) and Stanley Electric (Japan).
The global automotive actuators market is estimated at USD 27.9 billion in 2024. It is projected to reach USD 33.5 billion by 2030 at a CAGR of 3.1%. The Automotive Actuators Market is dominated by globally established players, such as Robert Bosch (Germany), HELLA GmbH & Co. KGaA (Germany), Johnson Electric (China), Denso Corporation (Japan), and Continental AG (Germany).
The global automotive wiring harness market is projected to reach USD 59.5 billion by 2030, at a CAGR of 2.9% during the forecast period. Major players operating in the electric powertrain market are Yazaki Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany).
The global EV charging cable market is projected to reach USD 3.9 billion by 2030, registering a CAGR of 16.7% during the forecast period. The EV charging cable market is dominated by Leoni AG (Germany), Aptiv (Ireland), TE Connectivity (Switzerland), BESEN International Group (China), Dyden Corporation (Japan), among others. These companies manufacturers EV charging cables. These companies have set up R&D facilities and offer best-in-class products to their customers.
The global EV cable market is projected to reach USD 19.0 billion by 2028, grow at a CAGR of 17.2% during the forecast period. The major market players include Leoni AG (Germany), Huber + Suhner (Switzerland), Sumitomo Electric Industries., Ltd (Japan), Aptiv (Ireland), Nexans (France), among others.
The micromotor market is projected to reach USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The micrmotor market is moderately fragmented market. MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the key companies operating in the micromotor market.
Automotive Hypervisor market is projected to to reach USD 566 million by 2027, grow at a CAGR of 27.0% during the forecast period. The key companies profiled in the study are Panasonic (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Blackberry (Canada), Visteon Corporation (US), Siemens (Germany), Elektrobit (Germany), Green Hills Software (US), Sasken Technologies (India), SYSGO (Germany) and OpenSynergy (Germany).
The automotive relay market is projected to reach USD 15.5 billion by 2027, at a CAGR of 5.0% during the forecast period. The automotive relay market is dominated by giants such as TE Connectivity (Switzerland), Omron Corporation (Japan), Panasonic Corporation (Japan), Hongfa Technologies Co. (China), Fujitsu Component Limited (Japan), Denso Corporation (Japan), Robert Bosch LLC (Germany), Mitsuba Corporation (Japan), Song Chuan Group Companies (China)and Good Sky Electric Co., Ltd (China), Xiamen Level King Keep Electronics (LKK) (China), CIT (Circuit Interruption Technology) Relay & Switch (US), Picker (US), American Zettler Inc. (US), American Electronic Components (AEC) (US), Hella GMBH & CO. KGAA(Germany), Siemens (Germany), ABB Group (Switzerland), Coto Technology (Taiwan), and Sanyou Corporation Limited (China).
The electric van market is projected to reach to 1,082.9 thousand units by 2030, at a CAGR of 33.6% during the forecast period. The key companies profiled in the study are General Motors (US), Renault (France), Toyota Motor Corporation (Japan), BYD (China), Ford Motor Company (US), Nissan Motor Corporation (Japan), Mahindra & Mahindra Ltd. (India), Iveco (Italy), London Electric Vehicle Company (UK), and Fiat (Italy).
The automotive fuse market size is projected to reach USD 28.4 billion by 2027, at a CAGR of 2.0% during the forecast period. The key companies profiled in the study are Eaton (Ireland), Schurter Group (Switzerland), Littelfuse (US), Sensata (US), Mersen (France), Pacific Engineering Corporation (Japan), Optifuse (US), AEM Components (US), E-T-A (US), ON Semiconductor (US) and Fuzetec (China).
The global EV test equipment market size is projected to reach USD 242 million by 2027, at a CAGR of 25.2% during the forecast period. The EV test equipment market is dominated by established players such as AVL (Austria), TUV Rheinland (Germany), Durr Group (Germany), Chroma ATE (Taiwan), and HORIBA LTD.(Japan).
The automotive ambient lighting market is expected to grow from USD 3.8 billion in 2022 to USD 6.2 billion by 2027, at a compound annual growth rate (CAGR) of 10.6% during the forecast period.The major Players HELLA (Germany), Valeo S.A. (France), ams OSRAM (Austria), Grupo Antolin (Spain), Signify (Philips Lighting) (Netherlands), Koito Manufacturing Co., Ltd. (Japan), and Stanley Electric Co., Ltd. (Japan).
The mounted bearing market is expected to grow from USD 1.4 billion in 2022 to USD 1.8 billion by 2027, at a CAGR of 5.6% during the forecast period. Major players in the mounted bearing market are SKF (Sweden), Schaeffler ( Germany), Timken (US), NSK (Japan), and NTN (Japan).
The Automotive Switch Market is expected to grow from USD 6.2 billion in 2021 to USD 7.5 billion by 2026, at a CAGR of 3.8% during the forecast period. The automotive switches market is dominated by global players and comprises several regional players as well. The key players in the automotive switches market are Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG(Germany), Alps Alpine Co., Ltd. (Japan), Panasonic Corporation (Japan).
The Vehicle Electrification Market is expected to grow from USD 73.7 billion 2020 to USD 129.6 billion by 2025, at a CAGR of 11.9% during the forecast period. The vehicle electrification market is dominated by a few global players and comprises several regional players. Some of the key suppliers operating in the market are Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), and Johnson Electric (Hong Kong).
The global automotive test equipment market size is projected to grow to reach USD 3.7 billion by 2025, at a CAGR of 4.1% during the forecast period. The global automotive test equipment market is dominated by major players such as ABB (Switzerland), Bosch (Germany), Horiba (Japan), Honeywell (US), Siemens (Germany), and Delphi (UK).
The global automotive power electronics market size is expected to be worth USD 4.7 billion, growing at a CAGR of 4.7% by 2025. The automotive power electronics market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), Infineon (Germany), STMicroelectronics (Switzerland), ON Semiconductor (US), Danfoss (Denmark), etc. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and mergers & acquisitions to gain traction in the market. New product development was most adopted strategy among others.
The powertrain sensor market is expected to grow from USD 19.8 billion in 2019 to USD 24.7 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period.The major market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan) Texas Instruments (US), and Aptiv (UK).
The optoelectronics market for automotive is expected to be worth USD 9.80 billion by 2025, at a CAGR of 14.13% during the forecasting period. The key growth drivers for the market are the increasing awareness regarding vehicle safety and rising demand for luxury and ultra-luxury vehicles.Some of the key manufacturers operating in the market are Osram (Germany), Hella (Germany), Texas (US), Broadcom (US), and Vishay (US).
The body control module market is expected to grow from USD 29.2 billion in 2019 to USD 35.7 billion by 2027, at a compound annual growth rate (CAGR) of 2.6% during the forecast period.The major market players include Bosch (Germany), Continental (Germany), Lear Corporation (US), Hella (Germany), and Aptiv (UK), among others.
The vehicle control unit market is expected to reach a value of USD 10.4 billion by 2027, at a CAGR of 17.1% during the forecasting period. The global vehicle control unit market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Texas Instruments (US), Mitsubishi Electric Corporation (Japan), and STMicroelectronics (Switzerland). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
The electric vehicle communication controller (EVCC) market is expected to grow from USD 55 million in 2019 to USD 563 million by 2027, at a compound annual growth rate (CAGR) of 33.8%. during the forecast period.The global electric vehicle communication controller market is dominated by major players such as LG Innotek (South Korea), Tesla (US), BYD Auto (China), Schneider Electric (France), and ABB (Switzerland).
The global headlight control module market is projected to grow from USD 3.6 billion in 2019 to USD 5.0 billion by 2027, at a CAGR of 4.3% during the forecast period. Increase in premium and SUV sales, and advancements in lighting technology are some of the major factors driving the growth of the headlight control module market.Hella (Germany), Valeo (France), Continental (Germany), Denso (Japan), Hyundai Mobis (South Korea), Aptiv (Ireland), Osram (Germany), Magnetic Marelli (Italy), ZKW (Austria), Renesas (Japan), Lear Corporation (United States), Koito (Japan), NXP (Netherlands), Keboda (China), and Keetec (Slovakia).
The thick film resistor market is projected to reach USD 615 million by 2025 from USD 435 million in 2018, at a CAGR of 5.06% during the forecast period. The thick film resistor market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in automotive industry.
The global advanced gear shifter system market is estimated to be USD 10.5 billion in 2018 and is projected to grow at a CAGR of 7.91% during the forecast period, to reach USD 17.8 billion by 2025. Some of the major growth drivers for the market are the increasing use of x-by-wire technology in the vehicle. The evolution of x-by-wire technology, which is an essential basic component for semi-autonomous and autonomous vehicle can create new revenue generation opportunities for advanced gear shifter system manufacturers. Currently shift-by-wire technology is finding the great amount applications in all class of vehicles. The trend is expected to continue in the future.Dura Automotive (US), Ficosa (Spain), Kongsberg Automotive (Norway), and ZF (Germany).
The automotive digital cockpit market is estimated to be USD 14.7 billion in 2018 and is projected to reach USD 35.9 billion by 2025, at a CAGR of 13.59% during the forecast period. Increasing number of connected vehicles and innovations in the field of vehicle human machine interface are projected to drive the automotive digital cockpit market.Visteon (US), Continental (Germany), Robert Bosch (Germany), Denso (Japan), and Clarion (Japan).
The global traction inverter Market is expected to reach a value of USD 7.7 billion by 2025, at a CAGR of 17.57% during the forecast period. The global traction inverter market is dominated by major players such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).
The EV Charging Connector Market is projected to grow at a CAGR of 18.44% during the forecast period to reach USD 98 million by 2025 from an estimated USD 30 million in 2018. EV connectors act as an EV coupler with charging pole of the station required for power transmission. The connectors help establish the connection of the battery of an EV with the charging point of the station. The EV connectors are designed according to the electrical specifications to synchronize with the features of the battery equipped in an EV.
The automotive power distribution block market is projected to grow at a CAGR of 4.15% from 2018 to 2025. The automotive power distribution block market is estimated to be USD 6.47 billion in 2018 and is projected to reach USD 8.60 billion by 2025. The market growth can be attributed to the increasing adoption of vehicle electronic functions that require a reliable, flexible, robust, and efficient power distribution system. The report covers all the major players in the automotive power distribution block market including Eaton (Ireland), Lear (US), Sumitomo Electric (Japan), TE Connectivity (Switzerland), Yazaki (Japan), and Littelfuse (US).
The global automotive communication technology market is estimated to be USD 6.78 billion in 2018 and is projected to grow at a CAGR of 16.7% during the forecast period, to reach USD 19.99 billion by 2025. Some of the major growth drivers for the market are the growing number of electronic systems in passenger cars, government mandates, and industry norms to reduce emissions and improve the safety of vehicles. The rise in sales of premium vehicles and the emergence of autonomous vehicles can create new revenue-generation opportunities for automotive communication technology providers. However, an increase in cybersecurity threats for connected vehicles can pose a challenge for automotive communication technology providers. The automotive communication technology market is dominated by a few globally established players, such as Robert Bosch (Germany), Toshiba (Japan), Broadcom (US), Texas Instruments (US), and NXP (Netherlands).
The global automotive terminal market is estimated to be USD 12.64 Billion in 2017 and is projected to grow at a CAGR of 10.03% during the forecast period, to reach USD 27.14 Billion by 2025. Some of the major growth drivers for the market are the increasing demand for automotive safety systems supported by government mandates and increasing number of electrical systems in the vehicle. The evolution of connected, autonomous, and semi-autonomous vehicles, as well as energy-efficient E-mobility, can create new revenue generation opportunities for automotive terminal manufacturers. However, design issues with high voltage terminals and long-term reliability of battery terminals can pose a challenge for automotive terminal manufacturers. The automotive terminal market is dominated by a few globally established players such as TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland).
The Electronic Control Unit (ECU) market for automotive is projected to grow at a CAGR of 6.01% from 2017 to 2025. The market for automotive ECUs is estimated to be USD 60.45 Billion in 2017 and is projected to reach USD 96.39 Billion by 2025. The key growth drivers of this market are the increased incorporation of advanced safety, convenience, and comfort systems in vehicles and the increase in demand for hybrid electric vehicles (HEV) and battery electric vehicles (BEV). The report covers all the major players in the automotive ECU market, including Robert Bosch (Germany), Continental (Germany), Aptiv (UK), Denso (Japan), Autoliv (Sweden), Mitsubishi Electric (Japan), ZF (Germany), Hitachi (Japan), and Magneti Marelli (Italy).
The automotive temperature sensor market is valued at USD 7.21 Billion in 2016 and is projected to grow at a CAGR of 5.58% during the forecast period, to reach USD 11.89 Billion by 2025. The report profiles the major players in the temperature sensor market. The key players in this market are Robert Bosch (Germany), Continental (Germany), Panasonic (Japan), Delphi (UK), TDK Corporation (Japan), Sensata (US), Texas Instruments (US), NXP (Netherlands), Analog Devices (US), and Microchip (US) among others.
The digital instrument cluster market is projected to grow at a CAGR of 19.15% during the forecast period and is estimated to grow from USD 1.62 Billion in 2017 to USD 6.60 Billion by 2025. The key factors driving the digital instrument cluster market are the increasing demand for luxury vehicles and electric vehicles, growing demand for advanced cluster technology by OEMs, and intense competition between manufacturers. The digital instrument cluster market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Visteon (US), Delphi (UK), Denso (Japan), NVIDIA (US), Nippon Seiki (Japan), Panasonic (Japan), Magneti Marelli (Italy), and IAC Group (Luxembourg) to name a few.
The automotive pressure sensors market is valued at USD 3.68 Billion in 2016 and is projected to grow at a CAGR of 9.70% during the forecast period, to reach USD 8.84 Billion by 2025. The report profiles the most promising players in the pressure sensors market. The market presents an interesting picture of a large number of big and small players that have become a force to reckon. The key players in this market are Infineon (Germany), Sensata (US), Robert Bosch (Germany), Denso (Japan), Delphi (UK), Texas Instruments (US), NXP (Netherlands), Analog Device (US), Melexis (Belgium), General Electric (US), and TE Connectivity (Switzerland).
The global automotive microcontrollers market size is estimated to be USD 989.2 Million in 2017 and is projected to grow to USD 1,886.4 Million by 2022, at a CAGR of 13.78%. The report also profiles the most promising players in the microcontrollers market. The market presents an interesting picture of a large number of big and small players that have become a force to reckon. The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), and Toshiba Corp. (Japan).
The cockpit electronics market for automotive is projected to grow at a CAGR of 8.60% from 2017 to 2022, to reach a market size of USD 51.54 Billion by 2022. The ecosystem of the automotive cockpit electronics market consists of automotive electronics system manufacturers and service providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (U.S), Visteon Corporation (U.S), and Delphi Automotive PLC (U.K). These systems and technologies are supplied to automotive OEMs such as Volkswagen AG (Germany), General Motors (U.S.), Daimler AG (Germany), and others.
The automotive connectors market, in terms of value, is projected to grow at a CAGR of 7.46% from 2016 to 2021. The market was estimated to be USD 4.38 Billion in 2016, and is projected to reach USD 6.28 Billion by 2021. The growth of the automotive connectors market is fueled by the increasing number of electronic components and advanced safety features in vehicles, and rise in the number of autonomous vehicles across the globe.
The wiper motor aftermarket is projected to grow from USD 2.31 billion in 2016 to USD 2.65 billion by 2021, at a CAGR of 2.78% during the forecast period. The wiper motor aftermarket is primarily driven by two important factors, one is the usage of wiper system, and the other is the increasing number of vehicles on road. The wiper motor is a critical component that drives the wiper system.
The automotive rain sensor market is driven by increased demand for comfort features and driver safety in automobiles. The automotive rain sensor market, in terms of value, is projected to grow at a CAGR of 6.05% from 2015 to 2020, to reach a market size of USD 4.15 Billion by 2020. The automotive rain sensor market is driven by increased vehicle electrification. The adoption of advanced electrical systems in automotive has fueled the demand for sensors.
The increasing demand for technologies to reduce carbon dioxide emissions and preserve the environment, has meant that companies are now developing air conditioning systems that are more efficient and environment friendly. The automotive air conditioning systems market in terms of value is projected to grow at a CAGR of 6.69% from 2015 to 2020, during the forecast period. The market for automotive air conditioning systems in Asia-Pacific is estimated to grow at a CAGR of 6.86% from a value of USD 9.24 Billion in 2015 to USD 12.88 Billion by 2020.
The use of sensors in automotive industry has rapidly increased in the last few decades. The first sensors made for a car were to manage the engine. By 1960’s, it became a widespread practice in passenger cars. The introduction of federal emission norms gave a boost to this market making it quintessential for the Original Equipment Manufacturers (OEMs) to strike a balance between government regulations, manufacturability, and robustness. This required the systems to be equipped with new and precise sensors, such as the Manifold Absolute Pressure (MAP), air fuel ratio sensors, and others. Since then, the sensors used in automobiles have evolved and have catapulted the complexity of vehicle electronics to new heights. Precise measurements and quick data analysis has paved the way for technologies which have helped automotive OEMs cope with the increased pressure from the governments. For Example, the number of sensors used in engine control application has increased from 10 in 1995 to more than 60 in 2013.