According to the different effects on the driving performance of automobiles, automotive electronic products can be classified into two categories: car body electronic control devices and in-car electronic devices. Car body electronic control devices, namely the so-called "electromechanical combination" of automotive electronic devices, need to be used in conjunction with the mechanical systems on the vehicle. They include the engine control system, chassis control system, and body electronic control system (body electronic ECU), such as electronic fuel injection system, brake anti-lock control, anti-slip control, traction control, electronically controlled suspension, electronically controlled automatic transmission, electronic power steering, etc. In-car electronic devices can be used independently in the automotive environment and have no direct relationship with the performance of the car itself. They include car information systems, navigation systems, car audio and television entertainment systems, in-car communication systems, internet devices, etc.
According to our research data, the global automotive electronics market size is expected to reach $54129 million in 2023, among which the estimated market size of car body electronic control devices is $35567 million, with an estimated market share of 65.71%; The market size of in-car electronic devices is expected to be $18562 million, accounting for 34.29%.
The main functional role of automotive electronics is to improve the safety, comfort, economy, and entertainment of automobiles, with its most prominent feature being the advancement towards control systematization. Automotive electronics is considered a revolution in the development process of automotive technology, an important indicator of the level of modern cars, and the most important technical measure for developing new models and improving automotive performance. In the future, with the continuous development of the global automotive industry, automotive electronics will gain a wider market. It is expected that the total size of the global automotive electronics market will reach $60474 million by 2027.
Global Automotive Electronics Market Size and Share Forecast by Type
Source: www.globalmarketmonitor.com
From the perspective of market competition, the concentration of the global automotive electronics industry is moderate. Data shows that the total revenue of the automotive electronics market of the top 3 enterprises in the industry was $18265 million in 2020, accounting for 40.13% of the market. The total revenue of the top 6 enterprises was 24738 million, with a total market share of 54.36%. The top three companies in the rankings were Robert Bosch GmbH, Continental AG, and ZF Friedrichshafen AG. In 2020, the automotive electronics market revenue of these three companies accounted for 16.08%, 13.63%, and 9.71% of the global market, respectively.
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