China Automotive Electronics Market Size & Outlook
China Automotive Electronics Market, 2018-2030 (US$M)
Global Market
Related Markets
China automotive electronics market highlights
- The China automotive electronics market generated a revenue of USD 64,812.8 million in 2023 and is expected to reach USD 119,314.1 million by 2030.
- The China market is expected to grow at a CAGR of 9.1% 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.
Automotive electronics market data book summary
| Market revenue in 2023 | USD 64,812.8 million |
| Market revenue in 2030 | USD 119,314.1 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 24.7% of the global automotive electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,205.2 million by 2030.
With the rise of the Internet of Things (IoT) and connected devices, there is a growing demand for connected cars that can communicate with other devices and networks. Moreover, 52.3% of the overall connectivity in China was acquired by IoT devices at the end of 2022. This has led to an increase in the use of automotive electronics for features such as navigation, entertainment, and communication through IoT devices.
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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 |
China 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 39.42% in 2023.
Horizon Databook has segmented the China automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
With the rise of the Internet of Things (IoT) and connected devices, there is a growing demand for connected cars that can communicate with other devices and networks. Moreover, 52.3% of the overall connectivity in China was acquired by IoT devices at the end of 2022. This has led to an increase in the use of automotive electronics for features such as navigation, entertainment, and communication through IoT devices.
- China Automotive Electronics Market Component Outlook (Revenue, USD Million , 2018-2030)
- Electronic Control Units
- Sensors
- Current Carrying Devices
- Others
- China Automotive Electronics Market Application Outlook (Revenue, USD Million , 2018-2030)
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
- China Automotive Electronics Market Sales Channel Outlook (Revenue, USD Million , 2018-2030)
- OEM
- Aftermarket
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Target buyers of Automotive Electronics Market Outlook databook
- Our clientele includes a mix of Automotive Electronics Market Outlook companies, investment firms, advisory firms & academic institutions.
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- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China Automotive Electronics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Automotive Electronics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Automotive Electronics Market, 2018-2030 (US$M)
China automotive electronics market outlook statistics, by component, 2018-2030 (US$M)
