The Automotive E/E Architecture Market Size was valued at USD 35.6 Bn in 2023 and is predicted to reach USD 62.5 Bn by 2031 at a 7.4% CAGR during the forecast period for 2024-2031.
Automotive E/E Architecture is a category that involves the creation, production, and implantation of electronic and electrical components in automotive. The engine, communication, connection, autonomous vehicles, and machine learning are just some elements that allow automotive E/E designs to operate smoothly. Modern cars' entertainment systems and vehicle evaluation are increasingly dependent on technology. Software acceptance, automatic upgrades, and safety measures require adaptable and scalable E/E systems, which are necessary for this technology-centric strategy. Maintaining safety and dependability becomes increasingly important as cars get more sophisticated technically. To reduce the chance of system breakdowns and improve overall vehicle security, E/E architectures must include backup protections and reliable procedures. As a result, the need for complex E/E architectures is driven by the rising acceptance of electrically powered vehicles and advanced safety features.
However, privacy and security concerns are the primary barriers to the automobile E/E architecture industry. The risk of cyberattacks rises as automobiles become more electronically integrated and networked. Hacking E/E designs could allow hackers to compromise vital operations, possibly resulting in mishaps or stealing private information, raising worries for customer security and confidentiality. In addition, significant technical improvements occur in the automobile sector, and E/E systems may rapidly grow antiquated. Producers run the danger of investing in outdated technology before they can recover their costs, which could result in deficits in their capital and delays. The COVID-19 pandemic significantly affected the global automobile industry since it caused major automakers to suspend manufacturing due to a decline in the popularity of new automobiles and interruptions in the distribution system.
Competitive Landscape
Some of the Major Key Players in the Automotive E/E Architecture Market are
- Robert Bosch GmbH
- Continental AG
- Aptiv PLC
- ZF Friedrichshafen AG
- DENSO Corporation
- Panasonic Corporation
- Lear Corporation
- Veoneer Inc.
- Magna International Inc.
- Harman International Industries Inc.
- Others
Market Segmentation:
The automotive E/E architecture market is segmented based on vehicle type, propulsion, and component. The market is segmented into passenger and commercial vehicles based on vehicle type. By propulsion, the market is segmented into IC-engine and electric. By component, the market is segmented into hardware and software.
The Passenger Vehicles Segment is Accounted as a Major Contributor to the Automotive E/E Architecture Market
The passenger vehicles automotive E/E architecture is expected to hold a significant global market share in 2023. The demand from customers and popular appeal for passenger vehicles is substantial. Passenger vehicles like crossings, automobiles, and larger vehicles satisfy customer demands. Due to their comfort, adaptability, and versatility, these vehicles drive up demand for automobile gasoline delivery methods.
Hardware Segment to Witness Growth at a Rapid Rate
Hardware makes up the bulk of automotive E/E architecture usage because it is a crucial component of production processes and manufacturing. Hardware innovations from automation technology manufacturers are necessary for any meaningful technical advancement in the sector to be completed and complimented. robotics, visualization technologies, motors and operations, detectors, and other industrial gear are some of the several kinds utilized in automation, especially in countries like the US, Germany, the U.K., China, and India.
North American Automotive E/E Architecture Market Holds a Significant Revenue Share
The North American automotive E/E architecture market is expected to register the highest market share in revenue in the near future. This can be attributed to the fact that its major vehicle manufacturers and information technology firms are making expenditures in cutting-edge E/E designs to facilitate automated and connected vehicles. In addition, Asia Pacific is projected to grow rapidly in the global automotive E/E architecture market because of the region's rapidly rising acceptance of automated manufacturing facilities techniques, the increasing utilization of automated factories, the introduction of Industries 4.0, and the growth of the automobile sector.
Recent Developments:
- In May 2024, Continental introduced ContiTPU, a cutting-edge addition to its premium outer tube lineup designed for riders who prioritize efficiency and flexibility. For cyclists who choose to ride on the road or off, Continental has created a high-end, portable, and long-lasting product in sizes ranging from 25/35 to 622.
- In February 2024, Panasonic Corporation announced that it would begin taking orders for a new product called the ultrasound stream and saturation device for hydrogen. This meter is specifically built for the Chinese market and can measure both the flow and concentration of hydrogen in conditions with high humidity.
Automotive E/E Architecture Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 35.6 Bn |
|
Revenue Forecast In 2031 |
USD 62.5 Bn |
|
Growth Rate CAGR |
CAGR of 7.4% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Vehicle Type, By Propulsion, By Component, and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Robert Bosch GmbH, Continental AG, Aptiv PLC, ZF Friedrichshafen AG, DENSO Corporation, Panasonic Corporation, Lear Corporation, Veoneer Inc., Magna International Inc., Harman International Industries Inc., and Others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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