Lucintel's latest market report analyzed that automotive electronic provides attractive opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market. The automotive electronic market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, current carrying devices is the largest segment by component, whereas safety systems is largest by application.
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Based on component, the automotive electronic market is segmented into electric control unit, sensors, current carrying devices, and others. The current carrying devices segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increase in demand for advanced safety and comfort features in passenger cars as well as commercial vehicles.
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The Automotive Electronic Market is marked by the presence of several big and small players. Some of the prominent players offering automotive electronic include Continental, DENSO, Hella GmbH, Infineon Technologies, Robert Bosch, Valeo, ZF Friedrichshafen, Hitachi Automotive Systems, Visteon Corporation, and Xilinx.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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