Global Automotive Under the Hood Electronics Market 2016-2020

Market overview of automotive under the hood electronics

Technavio’s automotive market research analyst predicts that the global automotive under the hood electronics market will grow at a CAGR of around 10% by 2020. Under the hood electronics include anti-lock braking systems, engine control unit (ECU), electronic fuel injection system, and automated locking systems among other automotive parts. The growing consumer demand for modern vehicles and stringent norms on fuel-efficiency, safety, and emissions are boosting the sales of under the hood electronics in the automotive market. Strict emission norms in several countries have pushed manufacturers to use emission sensors and ECUs in most new vehicles. Moreover, the incorporation of safety systems and advanced features like, electric power steering, ABS, ACC, and airbags in vehicles are expected to fuel the market demand for under the hood electronics during the forecast period.

In this market research report, the analysts have estimated that the automotive manufacturers will come up with sustainable automotive components in vehicles over the next four years. Several OEMs and Tier-1 suppliers are making huge investments in developing advanced components for vehicles. They are using new and sustainable materials to manufacture components such as PCBs, sensors, and ECUs that can withstand harsh environmental conditions, resist high temperature and are lightweight and flexible. Such increasing electronic content in modern vehicles will foster growth prospects for automotive under the hood electronics market in the coming years.

Segmentation by functionality and analysis of automotive under the hood electronics market

• ECU
• Sensors

During 2015, ECUs was the largest segment by functionality in the automotive under the hood electronics market, occupying around 55% of the total market share. The application of ECUs in vehicles has increased in vehicles owing to the growing number of sensors. Innovations in the areas of safety systems, infotainment, electrification of engine mechanism, and propulsion technologies are propelling the growth of this segment. With the surging adoption of electric and hybrid vehicles, the demand for ECUs will grow significantly in the coming years.

Geographical segmentation and analysis of the automotive under the hood electronics market

• Americas
• APAC
• EMEA

Being the largest and the fast-growing vehicle market, APAC dominates the automotive under the hood electronics market, accounting for 45% of the market’s revenue in 2015. Much of this market’s growth stems from the increasing adoption of the safety systems in vehicles which require ECUs, sensors, and other electronic components. Factors such as a rise in automobile sales and the availability of low-cost automotive components will boost the market’s growth in this region during the predicted period.

Competitive landscape and key vendors

Owing to the increasing electronic content in vehicles, the OEMs are collaborating with other industry experts to sustain their market presence. They are investing in research activities and engineering projects to differentiate their products from other vendors. Competition in the market is expected to intensify in the coming years with the increase in technological innovations and a growing number of suppliers.

Key vendors in the market include -

• Bosch
• Continental
• Denso
• Delphi
• Hitachi

The other prominent vendors in this market are Bourns, CTS, Daeduck Electronics, Faurecia, Hamamatsu, Hyundai KEFICO, Infineon Technologies, NGK Spark Plug, Panasonic, and Stoneridge.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive under the hood electronics market?
• What are the key market trends impacting the growth of the global automotive under the hood electronics market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive under the hood electronics market?
• What are the market opportunities and threats faced by the vendors in the global automotive under the hood electronics market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive under the hood electronics market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Automotive Sensors Market 2016-2020
• Global MEMS Market for Consumer Electronics 2015-2019
• Automotive Optoelectronic Market 2015-2019

Under-the-hood electronics is a common industry term for vehicular electronics that help in engine control. Engine control components in a vehicle include anti-lock braking systems (ABS), ECU control units, electronic fuel injection (FI) system, and automated locking systems. All the mechanical functions of the vehicles that are either controlled by electronics or are transformed to electronic functionality are included in engine control components.

The report, global automotive under-the-hood electronics market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.