The global automotive electronics market size reached US$ 322.2 Billion in 2023. Automotive electronics are electronic devices employed in on-road and off-road vehicles such as excavators, tractors, trucks, forklifts, motorcycles, and hybrid and electric cars. They include ignition, radio, telematics, entertainment, and engine management systems that improve the functionality and efficiency of the vehicle. Moreover, features like an anti-lock braking system (ABS), satellite-controlled devices, and various diagnostic tools assist in enhancing fuel efficiency and driver safety. Owing to these benefits, there has been an escalating demand for automotive electronics across the globe.
As per the analysis by IMARC Group, the top automotive electronics companies are making capital investments in research and development (R&D) activities to develop energy storage technology and high-performance electronics. Moreover, with the increasing cost of production, leading manufacturers are procuring components from domestic suppliers in countries, such as Japan and India, to avoid high import duties and reduce logistics costs. Besides this, various key players are introducing innovative product variants to serve their customers with advanced technologies. For instance, Infineon Technologies launched new packages for its 80 V and 100 V MOSFETs with OptiMOS 5 technologies to meet the requirements of different 48 V applications. Looking forward, IMARC Group expects the market value to reach US$ 558.5 Billion by 2032, expanding at a CAGR of 6.1% during the forecast period (2024-2032).
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Establishment: 1933
Headquarters: Kyoto, Japan
Website: https://www.omron.com/
Initially known as Tateisi Electric Manufacturing Co., Omron Corporation is a multinational electronics company that manufactures industrial automation, electronic and mechanical components, and healthcare equipment. The company’s Electronic and Mechanical Components Business provides relays, switches, connectors, sensors, and components/units for amusement equipment. Currently, the company employs around 30,000 individuals serving customers in more than 120 countries across the globe.
Establishment: 1886
Headquarters: Gerlingen, Germany
Website: https://www.bosch.com/
Robert Bosch GmbH, commonly known as Bosch, is a leading supplier of technology and services across the globe. It primarily operates in four segments, namely, mobility solutions, industrial technology, consumer goods, and energy and building technology. It offers innovative solutions for smart homes, industries, and connected mobility. Moreover, the company uses its expertise in sensor technology, software, and services, and the internet of things (IoT) cloud, to offer its customers connected and cross-domain solutions from a single source. Currently, the Bosch Group owns around 440 regional and subsidiary companies in 60 countries across the globe. Recently, Bosch has also designed a high voltage Lab Rig (HVLR) that is used to test the power electronics of electric automotive efficiently.
Establishment: 1999
Headquarters: Munich, Germany
Website: https://www.infineon.com/
Infineon Technologies AG designs manufacture, and markets semiconductors, and related system solutions across the globe. It operates in four major segments, namely automotive, industrial power, power sensor, and connected, secure management system. It also produces automotive microcontrollers, discrete power semiconductors, IGBT modules, industrial microcontrollers, power, and radar sensor integrated circuits (ICs), comfort electronics, infotainment, powertrain, and security products. At present, the company is investing in research and development (R&D) activities to launch innovative product variants.
Establishment: 1996
Headquarters: California, the United States
Website: https://www.hgmelectronics.com
HGM Automotive Electronics is a specialty transmission controller manufacturer that manufactures and supplies advanced electronic systems for automotive aftermarket use. It designs control systems that facilitate automatic transmission in vehicles. The company is also well-known for its flagship product the COMPUSHIFT range of transmission controllers, which has become one of the most recognized standalone automatic transmission controllers in the industry. At present, HGM offers its products and customized aftermarket automotive electronics across North America.
Establishment: 1920
Headquarters: Tokyo, Japan
Website: https://www.hitachi.com/
Hitachi Ltd is a multinational conglomerate and the parent company of Hitachi Group. The company manufactures and sells information and telecommunication, power, social infrastructure and industrial, automotive, smart life, and eco-friendly systems. Presently, it employs around 30,000 individuals, serving clients across the manufacturing, communications, finance, healthcare, life science, government, energy, and transportation industries.
Establishment: 1971
Headquarters: Taoyuan, Taiwan
Website: https://www.deltaww.com/
Delta Electronics, Inc. is a well-known provider of power and thermal management solutions. The company is doing business through three business segments, namely, power electronics, automation, and infrastructure. It mainly engages in the design, manufacture, sale, research and development of industrial automation, digital display, electronic control systems, communication, healthcare device, consumer electronic products, robot, field devices, energy-saving lighting applications, and energy technology services. Presently, Delta sells its products across North America, Europe, and the Asia Pacific.
Establishment: 1993
Headquarters: Berlin, Germany
Website: https://www.atotech.com/
Atotech is an international specialty chemicals and equipment company. It provides equipment to companies manufacturing printed circuit boards (PCBs), IC substrates, and semiconductors. It also offers specialty chemicals and equipment for decorative and functional surface finishing in the automotive, construction, furniture, and other industries. It mainly operates in two primary business units: Electronics and General Metal Finishing. Besides this, the company has manufacturing units, technology centers, and sales and service sites in over 40 countries, including the Czech Republic, Germany, Slovenia, Spain, China, Korea, Taiwan, Singapore, India, Japan, the United States, Canada, Mexico, and Brazil.
Establishment: 1901
Headquarters: Michigan, the United States
Website: https://www.trwaftermarket.com/en/
TRW Automotive Holdings Corp. is a global supplier of automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. It designs and manufactures steering and suspension systems, engine components, occupant-restraint systems, electrical and electronic components, and fasteners. Its space and defense activities include laser-based missile defense systems, aircraft avionics, and space surveillance systems, scientific and defense satellites, satellite data communications packages, and commercial communications satellite systems. However, the company was acquired by ZF Friedrichshafen in 2015 and is presently operating under the name ZF TRW Automotive Holdings Corp.
Establishment: 1871
Headquarters: Hanover, Germany
Website: https://www.continental.com
Formerly known as Continental-Caoutchouc- und Gutta-Percha Compagnie, Continental AG is a multinational automotive parts manufacturing company primarily engaged in manufacturing interior electronics, brake systems, automotive safety, powertrain and chassis components, tachographs, tires, and other parts for the automotive and transportation industries. It also develops and manufactures cross-material, environment-friendly, intelligent products, and systems for automotive, railway engineering, mining, agriculture, and other sectors, and provides contract manufacturing services. Presently, the company sells its products through 944 owned tire outlets and around 5,200 franchise locations.
Establishment: 1968
Headquarters: California, the United States
Website: https://www.intel.com/
Intel Atom automotive processors power in-vehicle experiences and speed the deployment of smart and connected features. In 2015, the company acquired Altera Corporation, a leading manufacturer of programmable logic devices (PLDs) and field-programmable gate array (FPGA) technology. As applications and workloads become more varied and complex, Intel is uniquely positioned to deliver a diverse mix of architectures deployed in CPU, GPU, accelerator, and FPGA sockets. Moreover, Intel offers a full portfolio of products that deliver exceptional value to our customers.
Establishment: 1917
Headquarters: Michigan, the United States
Website: https://www.lear.com/
Lear Corporation develops, manufactures, assembles, designs, and supplies automotive seating, electrical distribution systems, and related components for automotive original equipment manufacturers. It operates through three main segments: automotive seating, e-segment, and software and connected services. In addition, the company offers its products and services under such as:
Moreover, Lear employs 160,000 individuals working in 257 facilities across 38 countries.
Establishment: 1991
Headquarters: Dublin, Ireland
Website: https://www.aptiv.com/
Formerly known as Delphi Automotive PLC, Aptiv PLC designs manufactures and sells vehicle components worldwide. The company presently operates in two segments, signal and power solutions, and advanced safety and user experience. It provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. With more than 100 years of expertise, deep software and systems integration knowledge, and a global presence in around 46 countries, Aptiv is addressing mobility’s toughest challenges and delivering market-relevant solutions for the customers.
Establishment: 1930
Headquarters: Texas, the United States
Website: https://www.ti.com/
Texas Instruments Incorporated is a multinational company that designs, manufactures, and sells semiconductors to electronics designers and manufacturers. It is among the top 10 semiconductor companies across the globe and operates in two segments known as analog and embedded processing. It markets power products, DC/DC switching regulators, AC/DC and isolated controllers and converters, linear regulators, voltage supervisors, voltage references, and lighting products through direct sales and distributors and its website. Moreover, the company manufactures 80,000 products through its 15 manufacturing sites set up across numerous countries.
Establishment: 1984
Headquarters: Arizona, the United States
Website: https://www.microchip.com/
Microchip Technology Incorporated is a leading provider of smart, connected, and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Moreover, Microchip acquired Atmel Corporation and offers outstanding technical support along with dependable delivery and quality.
Establishment: 1949
Headquarters: Showa-cho, Kariya, Japan
Website: https://www.denso.com/
DENSO is one of the global manufacturers of automotive components offering advanced automotive technologies, systems, and products. It manufactures and sells air-conditioning systems, heating, ventilation, and air-conditioning units, motor generators, power control units, safety, and cockpit systems, spark plugs, oil and cabin air filters, wiper blades, starters, alternators, compressors, and oxygen sensors. The company also provides industrial solutions for factories in automotive parts production, agricultural solutions, including Proform Controller, a climate control system for the greenhouse, and industrial systems. Presently, DENSO markets its product across the Asia Pacific, North America, Europe, and the rest of the world.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the automotive electronics industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:
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