Report Code: CMI32697

Published Date: October 2023

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 9%
262.6B
2022
283.1B
2023
468.1B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Continental AG
  • DENSO Corporation
  • Hella GmbH & Co. Kgaa
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Automotive Electrical Products Market is expected to record a CAGR of 9% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 262.6 billion. By 2032, the valuation is anticipated to reach USD 468.1 billion

The Automotive Electrical Products market refers to the sector of the automotive industry that deals with the production, distribution, and sale of various electrical components and systems used in vehicles. These electrical products are integral to the functioning and performance of modern automobiles and are crucial for powering and controlling various vehicle functions.

Key components and systems within the Automotive Electrical Products market include:

  • Batteries: Automotive batteries provide electrical power to start the engine, operate lights, accessories, and power electronic components. They are available in various types, including lead-acid, lithium-ion, and nickel-metal hydride.
  • Starter Motors and Alternators: Starter motors are responsible for initiating the engine’s cranking, while alternators generate electrical power to charge the battery and supply electricity to the vehicle’s electrical systems.
  • Wiring Harnesses: Wiring harnesses consist of a network of electrical wires, connectors, and terminals that route electricity throughout the vehicle, connecting various electrical components.
  • Lighting Systems: Automotive lighting includes headlights, taillights, brake lights, turn signals, and interior lighting. These systems have evolved to include energy-efficient LED and HID (high-intensity discharge) technologies.
  • Ignition Systems: Ignition systems play a crucial role in starting the engine and ensuring optimal combustion. Modern vehicles often use electronic ignition systems for improved performance and fuel efficiency.
  • Electrical Sensors: Various sensors, such as oxygen sensors, temperature sensors, and pressure sensors, monitor engine performance, emissions, and overall vehicle condition.

Automotive Electrical Products Market – Significant Growth Factors

  • Vehicle Electrification: The increasing adoption of electric and hybrid vehicles has spurred growth in the automotive electrical products market. These vehicles rely heavily on advanced electrical components such as batteries, electric motors, inverters, and power electronics.
  • Advanced Driver-Assistance Systems (ADAS): The integration of ADAS features, including adaptive cruise control, lane-keeping assist, and automated emergency braking, has necessitated the use of sophisticated sensors, ECUs, and wiring harnesses, boosting demand for automotive electrical products.
  • Consumer Demand for Connectivity: Modern consumers expect connectivity features in their vehicles, leading to the inclusion of advanced infotainment systems, GPS navigation, smartphone integration, and wireless communication technologies in cars. These features rely on complex electrical systems.
  • Safety and Emissions Regulations: Stringent safety and emissions regulations worldwide have mandated the use of advanced electrical components to meet compliance requirements. This includes systems for airbags, ABS, stability control, and emission control systems.
  • Rise of Electric and Autonomous Vehicles: The growth of electric and autonomous vehicles has led to a surge in demand for electric powertrains, self-driving sensors, and sophisticated electronic control systems, driving growth in the automotive electrical products market.
  • Energy Efficiency and Fuel Economy: Automotive manufacturers are under pressure to improve fuel efficiency and reduce emissions. Advanced electrical systems, such as start-stop technology and regenerative braking, play a crucial role in achieving these goals.
  • Increasing Vehicle Production: The global automotive industry has been expanding, with rising vehicle production in emerging markets. This increased production volume has driven demand for electrical components and systems.
  • Technological Advancements: Ongoing advancements in electrical component technology, including more efficient batteries, lightweight wiring materials, and improved sensor technology, have allowed for the development of more sophisticated and capable electrical products.
  • Growing Awareness of Environmental Impact: Greater awareness of environmental concerns has prompted both consumers and automakers to prioritize cleaner and more efficient technologies. Electric and hybrid vehicles, made possible by advanced electrical components, are seen as more environmentally friendly alternatives.
  • Rising Consumer Expectations: Consumers now expect their vehicles to offer a wide range of features and conveniences, from advanced entertainment systems to enhanced safety features. This drives automakers to incorporate more electrical products into their vehicles.
  • Infrastructure Development: As electric vehicle adoption increases, governments and private companies are investing in charging infrastructure. This infrastructure growth requires the development and installation of electrical components and systems to support electric vehicle charging.
  • Global Urbanization: Urbanization trends have led to increased demand for efficient and sustainable transportation solutions, including electric public transit and shared mobility services, which rely heavily on automotive electrical products.

Global Automotive Electrical Products Market 2023–2032 (By Sales Channel)

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Automotive Electrical Products Market – Mergers and Acquisitions

  • Aptiv PLC (formerly Delphi Automotive) and HellermannTyton Group: In 2015, Aptiv PLC (formerly Delphi Automotive) acquired HellermannTyton Group, a leading manufacturer of cable management solutions. This acquisition expanded Aptiv’s capabilities in electrical and electronic architecture, helping them provide comprehensive solutions to the automotive industry.
  • Molex and Laird: In 2019, Molex, a global electronics solutions provider, acquired Laird, a leading supplier of automotive connectivity solutions. This acquisition strengthened Molex’s portfolio of connected vehicle solutions, particularly in areas like telematics and in-car connectivity.
  • BorgWarner and Delphi Technologies: In 2020, BorgWarner completed its acquisition of Delphi Technologies, a major player in automotive power electronics and propulsion systems. This merger created a leading global provider of clean and efficient vehicle propulsion solutions.
  • ZF Friedrichshafen AG and WABCO: In 2020, ZF Friedrichshafen AG, a global technology company specializing in driveline and chassis technology, acquired WABCO Holdings Inc., a leading supplier of braking control systems and other advanced technologies for commercial vehicles. This acquisition strengthened ZF’s position in the commercial vehicle segment.
  • Valeo and FTE Automotive: In 2017, Valeo, a major automotive supplier, acquired FTE Automotive, a leading manufacturer of hydraulic actuation systems and other automotive technologies. This acquisition expanded Valeo’s product offerings in the field of electrification and automated driving.
  • Siemens and Mentor Graphics: Although not exclusive to the automotive sector, Siemens’ acquisition of Mentor Graphics in 2017 had significant implications for automotive electrical and electronic systems. Mentor Graphics provides software tools for designing automotive electrical and electronic systems, aiding in the development of advanced vehicle technologies.
  • TE Connectivity and Creganna Medical Group: TE Connectivity, a global leader in connectivity and sensor solutions, acquired Creganna Medical Group in 2016. While Creganna primarily focuses on medical technology, this acquisition brought expertise in precision manufacturing and advanced materials, which can be applied to automotive electrical components.
  • Continental AG and Elektrobit Automotive: Continental AG, a prominent automotive technology company, acquired Elektrobit Automotive in 2015. This acquisition bolstered Continental’s capabilities in automotive software development, including embedded systems, human-machine interfaces, and connectivity solutions.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Automotive Electrical Products Market Automotive Adaptive Front Lighting Market E-Mobility Insulation Battery Market
CAGR 9% (Approx) CAGR 11.3% (Approx) CAGR 5.3% (Approx)
USD 468.1 Billion by 2032 USD 4.5 Billion by 2032 USD 6.8 Billion by 2032

Automotive Electrical Products Market – Significant Threats

  • Supply Chain Disruptions: Disruptions in the global supply chain, such as those caused by natural disasters, trade disputes, or the COVID-19 pandemic, can lead to shortages of critical electronic components and disrupt production.
  • Competition from Non-Automotive Sectors: As automotive technologies converge with those in other industries, automotive electrical product manufacturers face competition from non-automotive companies entering the market, such as tech giants and electronics manufacturers.
  • Rapid Technological Advancements: The rapid pace of technological advancements in the automotive industry requires constant investment in research and development to stay competitive. Failure to keep up with emerging technologies can lead to obsolescence.
  • Regulatory Changes: Evolving regulations related to emissions, safety, and cybersecurity can require significant changes to electrical systems, leading to compliance challenges and increased development costs.
  • Cybersecurity Threats: Connected vehicles are susceptible to cybersecurity threats, including hacking and data breaches. Ensuring the security of electrical systems and data is a growing concern.
  • Cost Pressures: The demand for advanced electrical features can drive up production costs. Balancing the integration of new technologies with cost considerations is a challenge, especially for manufacturers of mass-market vehicles.
  • Warranty and Recall Costs: Electrical component failures can result in costly warranty claims and recalls, damaging a company’s reputation and financial stability.
  • Counterfeit Parts: The automotive industry faces the threat of counterfeit or substandard electrical components, which can compromise vehicle safety and performance.
  • Environmental Regulations: Stricter environmental regulations, including those related to the disposal of electronic waste (e-waste), require manufacturers to consider the environmental impact of their products throughout their lifecycle.
  • Short Product Lifecycles: Rapid product obsolescence due to technological advancements can result in short product lifecycles and the need for continuous product innovation.
  • Geopolitical Instability: Political conflicts and trade disputes between nations can disrupt the supply chain and impact the availability of critical materials and components.
  • Economic Downturns: Economic recessions and financial crises can lead to reduced consumer spending on vehicles, affecting the demand for automotive electrical products.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 283.1 Billion
Projected Market Size in 2032 USD 468.1 Billion
Market Size in 2022 USD 262.6 Billion
CAGR Growth Rate 9% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Component, Application, Sales Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Based on Component:

In 2022, the segment related to current carrying devices held the largest share of revenue, accounting for approximately 42% of the market. Current carrying devices encompass various products, including electronic switches, fuses, connectors, and wiring harnesses.

The prominent market share attributed to current-carrying devices within the component category can be attributed to several factors. This strong position is primarily a result of the substantial investment associated with numerous electronic components utilized in vehicles. These components encompass electronic switches, fuses, connectors, and wiring harnesses.

The automotive industry’s increasing emphasis on connectivity, convenience, and safety features in both passenger vehicles and commercial fleets has further propelled the growth of this segment. In essence, the demand for advanced electrical components and systems within vehicles has significantly bolstered the prevalence of current-carrying devices in the automotive electrical products market.

Based on Application:

In 2022, the safety systems segment secured the largest share of revenue, approximately 29% of the total market. Safety systems encompass a diverse range of components, including airbags, keyless entry systems, electric power steering, electronic brake distribution, tire pressure monitoring systems, electronic stability control, suspension control, and more. This dominant position of the safety systems segment within the market can be attributed to several factors.

Notably, there is a growing awareness among consumers regarding technological advancements that impact safety equipment in automobiles. This heightened awareness has emerged as a significant driving force behind the growth of the safety systems market. In essence, the increasing emphasis on vehicle safety and the integration of advanced safety technologies have propelled the prominence of safety systems within the automotive electrical products market.

Global Automotive Electrical Products Market 2023–2032 (By Billion)

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Automotive Electrical Products Market – Regional Analysis

North America:

  • United States: North America, particularly the United States, is a major hub for automotive manufacturing and innovation. The market here is driven by a strong focus on safety and connectivity features. Demand for electric and hybrid vehicles is also growing.
  • Canada: The Canadian market shares similarities with the United States, with a focus on safety and advanced electrical systems. Electric vehicle adoption is on the rise.
  • Mexico: Mexico is an emerging player in the automotive sector, with significant manufacturing operations. The market here is driven by cost-effective production and export to North American and global markets.

Europe:

  • Western Europe: Western European countries like Germany, France, and the UK are at the forefront of automotive technology and electrification. Strict emissions regulations are driving the adoption of electric vehicles and advanced electrical components.
  • Eastern Europe: Eastern European countries are increasingly becoming manufacturing hubs, attracting investments from global automotive companies. The market here is characterized by lower labor costs.

Asia-Pacific:

  • China: China is the world’s largest automotive market, with a strong focus on electric vehicles and smart connectivity. The government’s push for new energy vehicles (NEVs) has propelled the market for automotive electrical products.
  • Japan: Japan is known for its automotive technology innovation. The market here emphasizes safety and efficiency.
  • South Korea: South Korea’s automotive industry is known for quality and innovation, particularly in electronics and electrical components.
  • India: India’s automotive market is growing, with a focus on cost-effective vehicles. There is increasing demand for affordable electric vehicles and connectivity features.
  • Southeast Asia: Countries like Thailand and Vietnam are emerging as manufacturing hubs. The market here is influenced by the preferences of both domestic and export markets.

South America:

  • Brazil: Brazil is the largest automotive market in South America. The market here is influenced by consumer demand for cost-effective vehicles and safety features.
  • Argentina: Argentina has a growing automotive industry, with a focus on regional production and exports.

Global Automotive Electrical Products Market 2023–2032 (By Component)

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List of the prominent players in the Automotive Electrical Products Market:

  • Continental AG
  • DENSO Corporation
  • Hella GmbH & Co. Kgaa
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • Valeo Inc.
  • ZF Friedrichshafen AG
  • Hitachi Automotive Systems Ltd.
  • Visteon Corporation
  • Xilinx Inc.
  • Others

The Automotive Electrical Products Market is segmented as follows:

By Component

  • Electronic Control Unit
  • Sensors
  • Current Carrying Devices
  • Others

By Application

  • ADAS
  • Infotainment
  • Body Electronics
  • Safety Systems
  • Powertrain Electronics

By Sales Channel

  • OEM
  • Aftermarket

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Automotive Electrical Products Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Automotive Electrical Products Market: snapshot
  • Chapter 3. Global Automotive Electrical Products Market – Industry Analysis
    • 3.1 Automotive Electrical Products Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Vehicle Electrification
      • 3.2.2 Advanced Driver-Assistance Systems (ADAS)
      • 3.2.3 Consumer Demand for Connectivity
      • 3.2.4 Safety and Emissions Regulations
      • 3.2.5 Rise of Electric and Autonomous Vehicles
      • 3.2.6 Energy Efficiency and Fuel Economy
      • 3.2.7 Increasing Vehicle Production
      • 3.2.8 Technological Advancements
      • 3.2.9 Growing Awareness of Environmental Impact
      • 3.2.10 Rising Consumer Expectations
      • 3.2.11 Infrastructure Development
      • 3.2.12 Global Urbanization.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Component
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Sales Channel
  • Chapter 4. Global Automotive Electrical Products Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Automotive Electrical Products Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Automotive Electrical Products Market – Component Analysis
    • 5.1 Global Automotive Electrical Products Market Overview: By Component
      • 5.1.1 Global Automotive Electrical Products Market Share, By Component, 2022 and – 2033
    • 5.2 Electronic Control Unit
      • 5.2.1 Global Automotive Electrical Products Market by Electronic Control Unit, 2024 – 2033 (USD Billion)
    • 5.3 Sensors
      • 5.3.1 Global Automotive Electrical Products Market by Sensors, 2024 – 2033 (USD Billion)
    • 5.4 Current Carrying Devices
      • 5.4.1 Global Automotive Electrical Products Market by Current Carrying Devices, 2024 – 2033 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Automotive Electrical Products Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Automotive Electrical Products Market – Application Analysis
    • 6.1 Global Automotive Electrical Products Market Overview: By Application
      • 6.1.1 Global Automotive Electrical Products Market Share, By Application, 2022 and – 2033
    • 6.2 ADAS
      • 6.2.1 Global Automotive Electrical Products Market by ADAS, 2024 – 2033 (USD Billion)
    • 6.3 Infotainment
      • 6.3.1 Global Automotive Electrical Products Market by Infotainment, 2024 – 2033 (USD Billion)
    • 6.4 Body Electronics
      • 6.4.1 Global Automotive Electrical Products Market by Body Electronics, 2024 – 2033 (USD Billion)
    • 6.5 Safety Systems
      • 6.5.1 Global Automotive Electrical Products Market by Safety Systems, 2024 – 2033 (USD Billion)
    • 6.6 Powertrain Electronics
      • 6.6.1 Global Automotive Electrical Products Market by Powertrain Electronics, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Automotive Electrical Products Market – Sales Channel Analysis
    • 7.1 Global Automotive Electrical Products Market Overview: By Sales Channel
      • 7.1.1 Global Automotive Electrical Products Market Share, By Sales Channel, 2022 and – 2033
    • 7.2 OEM
      • 7.2.1 Global Automotive Electrical Products Market by OEM, 2024 – 2033 (USD Billion)
    • 7.3 Aftermarket
      • 7.3.1 Global Automotive Electrical Products Market by Aftermarket, 2024 – 2033 (USD Billion)
  • Chapter 8. Automotive Electrical Products Market – Regional Analysis
    • 8.1 Global Automotive Electrical Products Market Regional Overview
    • 8.2 Global Automotive Electrical Products Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Automotive Electrical Products Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Automotive Electrical Products Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Automotive Electrical Products Market, by Component, 2024 – 2033
      • 8.4.1 North America Automotive Electrical Products Market, by Component, 2024 – 2033 (USD Billion)
    • 8.5 North America Automotive Electrical Products Market, by Application, 2024 – 2033
      • 8.5.1 North America Automotive Electrical Products Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Automotive Electrical Products Market, by Sales Channel, 2024 – 2033
      • 8.6.1 North America Automotive Electrical Products Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Automotive Electrical Products Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Automotive Electrical Products Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Automotive Electrical Products Market, by Component, 2024 – 2033
      • 8.8.1 Europe Automotive Electrical Products Market, by Component, 2024 – 2033 (USD Billion)
    • 8.9 Europe Automotive Electrical Products Market, by Application, 2024 – 2033
      • 8.9.1 Europe Automotive Electrical Products Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Automotive Electrical Products Market, by Sales Channel, 2024 – 2033
      • 8.10.1 Europe Automotive Electrical Products Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Automotive Electrical Products Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Automotive Electrical Products Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Automotive Electrical Products Market, by Component, 2024 – 2033
      • 8.12.1 Asia Pacific Automotive Electrical Products Market, by Component, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Automotive Electrical Products Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Automotive Electrical Products Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Automotive Electrical Products Market, by Sales Channel, 2024 – 2033
      • 8.14.1 Asia Pacific Automotive Electrical Products Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Automotive Electrical Products Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Automotive Electrical Products Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Automotive Electrical Products Market, by Component, 2024 – 2033
      • 8.16.1 Latin America Automotive Electrical Products Market, by Component, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Automotive Electrical Products Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Automotive Electrical Products Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Automotive Electrical Products Market, by Sales Channel, 2024 – 2033
      • 8.18.1 Latin America Automotive Electrical Products Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Automotive Electrical Products Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Automotive Electrical Products Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Automotive Electrical Products Market, by Component, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Automotive Electrical Products Market, by Component, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Automotive Electrical Products Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Automotive Electrical Products Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Automotive Electrical Products Market, by Sales Channel, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Automotive Electrical Products Market, by Sales Channel, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Continental AG
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 DENSO Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Hella GmbH & Co. Kgaa
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Infineon Technologies AG
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Robert Bosch GmbH
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Valeo Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 ZF Friedrichshafen AG
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Hitachi Automotive Systems Ltd.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Visteon Corporation
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Xilinx Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Continental AG
  • DENSO Corporation
  • Hella GmbH & Co. Kgaa
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • Valeo Inc.
  • ZF Friedrichshafen AG
  • Hitachi Automotive Systems Ltd.
  • Visteon Corporation
  • Xilinx Inc.
  • Others

FAQs

The key factors driving the Market are Vehicle Electrification, Advanced Driver-Assistance Systems (ADAS), Consumer Demand for Connectivity, Safety and Emissions Regulations, Rise of Electric and Autonomous Vehicles, Energy Efficiency and Fuel Economy, Increasing Vehicle Production, Technological Advancements, Growing Awareness of Environmental Impact, Rising Consumer Expectations, Infrastructure Development And Global Urbanization.

The “Component” category dominated the market in 2022.

The key players in the market are Continental AG, DENSO Corporation, Hella GmbH & Co. Kgaa, Infineon Technologies AG, Robert Bosch GmbH, Valeo Inc., ZF Friedrichshafen AG, Hitachi Automotive Systems Ltd., Visteon Corporation, Xilinx Inc., Others.

“North America” had the largest share in the Automotive Electrical Products Market.

The global market is projected to grow at a CAGR of 9% during the forecast period, 2023-2032.

The Automotive Electrical Products Market size was valued at USD 262.6 Billion in 2022.

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