Saudi Arabia Automotive Electronics Market Size & Outlook
The automotive electronics market in Saudi Arabia is expected to reach a projected revenue of US$ 4,768.0 million by 2030. A compound annual growth rate of 8.2% is expected of Saudi Arabia automotive electronics market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,754.6
Forecast, 2030 (US$M)
$4,768.0
CAGR, 2024 - 2030
8.2%
Report Coverage
Saudi Arabia
Saudi Arabia Automotive Electronics Market, 2018-2030 (US$M)
Global Market
Related Markets
Saudi Arabia automotive electronics market highlights
- The Saudi Arabia automotive electronics market generated a revenue of USD 2,754.6 million in 2023 and is expected to reach USD 4,768.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.2% 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 2,754.6 million |
| Market revenue in 2030 | USD 4,768.0 million |
| Growth rate | 8.2% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia automotive electronics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,768.0 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market segmentation & 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 |
Saudi Arabia 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 42.37% in 2023.
Horizon Databook has segmented the Saudi Arabia automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Automotive Electronics Market Component Outlook (Revenue, USD Million , 2018-2030)
- Electronic Control Units
- Sensors
- Current Carrying Devices
- Others
- Saudi Arabia Automotive Electronics Market Application Outlook (Revenue, USD Million , 2018-2030)
- ADAS
- Infotainment
- Body Electronics
- Safety Systems
- Powertrain Electronics
- Saudi Arabia Automotive Electronics Market Sales Channel Outlook (Revenue, USD Million , 2018-2030)
- OEM
- Aftermarket
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia Automotive Electronics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Automotive Electronics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Automotive Electronics Market, 2018-2030 (US$M)
Saudi Arabia automotive electronics market outlook statistics, by component, 2018-2030 (US$M)
