Automotive Body Electronics Market Worth US$ 80.1 billion by 2027

The global automotive body electronics market size is expected to grow from USD 53.1 billion in 2020 to USD 80.1 billion by 2027, at a CAGR of 7.1% from 2021 to 2027.

The automotive body electronics market refers to the segment of the automotive industry that deals with the electronic components and systems integrated into a vehicle's body and interior. These electronic components play a crucial role in enhancing vehicle functionality, safety, comfort, and convenience. As of my last knowledge update in September 2021, I can provide you with some insights into this market. Please note that the market may have evolved since then, and it's essential to verify this information with the latest sources for up-to-date statistics and trends.

 

Automotive Body Electronics Market Dynamics

The automotive body electronics market is a dynamic and rapidly evolving sector within the automotive industry. Several key dynamics shape this market:

1. Advancements in Vehicle Connectivity: The increasing demand for connected cars and the integration of advanced communication systems are driving the growth of automotive body electronics. Consumers expect features like smartphone integration, in-car Wi-Fi, and remote vehicle monitoring, which require sophisticated electronic systems.

2. Electrification and Hybridization: The shift toward electric and hybrid vehicles is influencing body electronics. These vehicles require specialized electronics for managing battery systems, electric powertrains, and regenerative braking systems.

3. Safety and Driver Assistance Systems: The automotive industry is witnessing a growing emphasis on safety features and driver assistance systems, such as advanced driver assistance systems (ADAS). These systems include sensors, cameras, and radar technologies that rely heavily on electronics to enhance vehicle safety and provide semi-autonomous driving capabilities.

 

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Market Segmentation Analysis

The study categorizes the global Automotive Body Electronics market based on equipment type, technology, type, installation method, distribution channel, application, and regions.

By Component Outlook (Sales, USD Million, 2017-2027)

• MCU

• ICs

• Sensors

• DC-DC converters

• Other Components

By Body Features Outlook (Sales, USD Million, 2017-2027)

• Windows and Door Modules

• Seating Modules

• Roof Module Control

• Light Control

• Wiper and Mirror Module

• Auto HVAC

• Remote Keyless Entry

 

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By Application Outlook (Sales, USD Million, 2017-2027)

• Passive Safety

• Driver Assistance

• Passenger Comfort

• Vehicle Security System

• Infotainment Systems

• Chassis Electronics

By Region Outlook (Sales, Production, USD Million, 2019-2033)

• North America (Mexico, Canada, US)

• South America (Peru, Brazil, Colombia, Argentina, Rest of Latin America)

• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)

• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)

• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

 

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REGIONAL ANALYSIS, 2023

Based on the region, the global Automotive Body Electronics market has been analyzed and segmented into five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America has been a prominent market for Automotive Body Electronicss due to high consumer spending on electronics and a strong demand for home entertainment systems. The United States, in particular, has a large market for Automotive Body Electronicss, driven by the popularity of streaming services and the desire for immersive audio experiences.

The Asia Pacific region, including countries like China, Japan, and South Korea, has witnessed substantial growth in the Automotive Body Electronics market. Factors contributing to this growth include the rising disposable income, increasing urbanization, and the growing popularity of home theater systems among consumers in the region.

 

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Major Key Players in the Automotive Body Electronics Market

The global Automotive Body Electronics market is fragmented into a few major players and other local, small, and mid-sized manufacturers/providers, they are –

The leading global automotive body electronics market players include Robert Bosch, Continental AG, Denso Corporation, Hyundai Mob, HELLA, NXP Semiconductors, Texas Instruments, and Renesas Technology Corp Infineon Technologies, Cypress Semiconductor, STMicroelectronics, ZF, Dallas Semiconductors, Fujitsu Semiconductor, and Microsemi.