Asia Pacific Automotive Electronics Market Size & Outlook
Asia Pacific Automotive Electronics Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific automotive electronics market highlights
- The Asia Pacific automotive electronics market generated a revenue of USD 108,739.4 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, current carrying devices was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 108,739.4 million |
| Market revenue in 2030 | USD 198,196.2 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic Control Units, Sensors, Current Carrying Devices |
| Key market players worldwide | Continental AG, Denso Corp, HELLA GmbH & Co KGaA, Hitachi Ltd, Infineon Technologies AG, Robert Bosch Engineering & Business Solutions, Valeo SA, Visteon Corp, Advanced Micro Devices Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.4% of the global automotive electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 198,196.2 million by 2030.
Automotive manufacturers intend to enhance their production volume by implementing modern manufacturing technology. For instance, Mercedes Benz, General Motors, and Volkswagen shifted their production plants to developing countries. Furthermore, Asia Pacific is home to leading semiconductor suppliers.
And easy availability of power electronics components and devices makes Asia Pacific the leading regional market. The government regulations for the adoption of electric vehicles have increased the market growth for automotive electronics.
For instance, in July 2022, Hong Kong-based New World Development Company Limited (NWD) announced its initiative to invest USD 6.36 million for boosting the adoption of electric vehicles in the city. Furthermore, NWD installed more than 100 charging points globally. These activities will boost the region's electric car production, leading to an increase in demand for automotive electronics.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Infineon Technologies AG | View profile | 59,364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | www.infineon.com |
| Continental AG | View profile | 200,888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | www.continental.com |
| Denso Corp | View profile | 195,471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | www.denso.co.jp |
| HELLA GmbH & Co KGaA | View profile | 37,743 | Rixbecker Strasse 75, Lippstadt, NW, Germany, 59552 | www.hella.com |
| Valeo SA | View profile | 112,740 | 100, rue de Courcelles, Cedex 17, Paris, France, 75017 | www.valeo.com |
| Advanced Micro Devices Inc | View profile | 26,000 | 2485 Augustine Drive, Santa Clara, CA, United States, 95054 | www.amd.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | www.bosch-india-software.com |
| Visteon Corp | View profile | 10,000 | One Village Center Drive, Van Buren Township, MI, United States, 48111 | www.visteon.com |
Asia Pacific Automotive Electronics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Automotive Electronics Market Outlook will help companies and investors design strategic landscapes.
Current Carrying Devices was the largest segment with a revenue share of 39.53% in 2023.
Horizon Databook has segmented the Asia Pacific automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive manufacturers intend to enhance their production volume by implementing modern manufacturing technology. For instance, Mercedes Benz, General Motors, and Volkswagen shifted their production plants to developing countries. Furthermore, Asia Pacific is home to leading semiconductor suppliers.
And easy availability of power electronics components and devices makes Asia Pacific the leading regional market. The government regulations for the adoption of electric vehicles have increased the market growth for automotive electronics.
For instance, in July 2022, Hong Kong-based New World Development Company Limited (NWD) announced its initiative to invest USD 6.36 million for boosting the adoption of electric vehicles in the city. Furthermore, NWD installed more than 100 charging points globally. These activities will boost the region's electric car production, leading to an increase in demand for automotive electronics.
- Asia Pacific Automotive Electronics Market Component Outlook (Revenue, USD Million , 2018-2030)
- Electronic Control Units
- Sensors
- Current Carrying Devices
- Others
- Asia Pacific Automotive Electronics Market Application Outlook (Revenue, USD Million , 2018-2030)
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
- Asia Pacific Automotive Electronics Market Sales Channel Outlook (Revenue, USD Million , 2018-2030)
- OEM
- Aftermarket
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Automotive Electronics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Automotive Electronics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Automotive Electronics Market, 2018-2030 (US$M)
Asia Pacific automotive electronics market outlook statistics, by component, 2018-2030 (US$M)
