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Motor Vehicle Electrical and Electronic Equipment Global Market Report 2020

Region:Global

Author(s):

Product Code:7327

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Published on

March 2020

Total pages

200

Table of Content

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About the Report

About the Report

The motor vehicle electrical and electronic equipment market consists of sales of motor vehicle electrical and electronic equipment and related services used for motor vehicles including cars, buses, motorcycles, off-road vehicles, light trucks, and regular trucks. The electrical and electronic components of motor vehicles include battery, starter and alternator, fans, electric cooling, windshield washer pump, and windshield wiper systems. It also includes equipment that are electrically operated systems built into vehicles such as fuel injection systems, airbags, and advanced driver assistance systems.
 
The global motor vehicle electrical and electronic equipment manufacturing market reached a value of nearly USD 48.2 billion in 2019, having grown at a compound annual growth rate (CAGR) of 8.72% since 2015, and is expected to grow at a CAGR of 10.05% to nearly USD 70.7 billion by 2023.
 
The motor vehicle electrical and electronic equipment market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the motor vehicle electrical and electronic equipment manufacturing market in 2019.
 
The motor vehicle electrical and electronic equipment market covered in this report is segmented by product type into The motor vehicle electrical and electronic equipment market covered in this report is segmented by product type into lighting equipment, automatic voltage and voltage-current regulators, insulated ignition wiring sets, generators for internal combustion engines, spark plugs for internal combustion, others.
 
The motor vehicle electrical and electronic equipment market is driven by the increase in the demand for safer vehicles installed with electrical and electronic safety equipment to minimize the risk of road accidents. The rise in the number of accidents is a result of reckless driving, over speeding, decline to follow traffic rules, and drunken driving. Electrical and electronic systems such as anti-lock braking systems (ABS) increases the safety of the vehicle by preventing wheels from locking up during a fast braking process. According to the report by WHO in 2018, approximately 1.35 million people die each year as a result of road traffic crashes. In order to lower the risk of such accidents, the United States under the provisions of Federal Motor Vehicle Safety Standard (FMVSS 126), mandated ABS in all passenger cars sold in the U.S. In 2017, the Ministry of Road Transport & Highways (MoRTH) India mandates ABS in all cars sold from 2019. The demand for vehicles that are less prone to accidents holds a positive impact on the growth of the motor vehicle electrical and electronic equipment market.
 
The risk of life-threatening accidents due to the failure of electrical and electronic equipment in motor vehicles holds a negative impact on the growth of the motor vehicle electrical and equipment market. Any malfunctions with the electrical systems in the vehicles can lead to serious accidents. As reported by the U.S. Department of Transportation's National Highway Traffic Safety Administration, an agency of the U.S. federal government electrical system failure was the cause of 21% of motor vehicle accidents. In 2014, General Motors recalled 1.6 million vehicles for airbags failing to deploy when ignitions were unintentionally switched off during operation. The risk involved with the failure of electrical and electronic equipment in motor vehicles restricts the growth of the market.
 
The motor vehicle electrical and electronic equipment manufacturers are investing in improving the electronic sensors used in motor vehicles such as cars, trucks to increase visibility and awareness. Some vehicle sensors include ambient light, battery current, differential oil temperature, door open warning, anti-lock braking system (ABS), auto door lock position, battery temperature, brake power booster. Companies involved in the market are now developing sensors coupled with artificial intelligence and mobile connectivity. For instance, BMW in 2019 launched its BMW natural interaction system that uses voice commands, gesture control, and facial recognition to set temperatures according to preferences of the driver, to open windows through a combination of the driver pointing and giving verbal instruction. The new sensory technology is said to be used in iNext vehicle to be launched in 2021. The improvement in sensor technology marks the latest trend among the companies involved in the motor vehicle electrical and equipment market.
 
In 2018, LG Electronics, a South Korean multinational electronics company acquired Austrian based ZKW Group for USD 1.3 billion. In the deal, LG Electronics acquired a 70% stake in ZKW Group while the parent company LG Corp. acquired the remaining 30% stake. Through the acquisition, LG aims to expand its business in the global lighting sector for vehicle components. ZKW Group designs and produces complex premium lighting and electronic modules for international automakers and holds a strong presence in markets throughout Europe in addition to China, Mexico, and the United States.
 
Major players in the market are Bosch, General Motors Corp., Tennaco, DENSO Manufacturing Tennessee, Delphi Corp, Hyundai, Hella, Technitrol Delaware Inc, Ford Motor Co.and Technitrol Delaware Inc.

Products

Products

1) By Product Type: Lighting Equipment; Automatic Voltage And Voltage-Current Regulators; Insulated Ignition Wiring Sets; Generators For Internal Combustion Engines; Spark Plugs For Internal Combustion; Others


Companies

Bosch

General Motors Corp.

Tennaco

DENSO Manufacturing Tennessee

Delphi Corp

Hyundai

Hella

Technitrol Delaware Inc

Ford Motor Co.

Technitrol Delaware Inc

Honeywell International Inc.

Delphi Corp

Mars Inc.

Raytheon Co.

ZF TRW

ITT Federal Services Corp

Textron Inc.

Cummins Inc.

Infineon Technologies AG

Hitachi Ltd

HGM Automotive

Delta Electronics

Atotech Deutschland

Table of Contents

Table of Contents

1. Executive Summary

2. Motor Vehicle Electrical And Electronic Equipment Market Characteristics

3. Motor Vehicle Electrical And Electronic Equipment Market Size And Growth

3.1. Global Motor Vehicle Electrical And Electronic Equipment Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Motor Vehicle Electrical And Electronic Equipment Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Motor Vehicle Electrical And Electronic Equipment Market Segmentation

4.1. Global Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Lighting Equipment

Automatic Voltage And Voltage-Current Regulators

Insulated Ignition Wiring Sets

Generators For Internal Combustion Engines

Spark Plugs For Internal Combustion

Others

5. Motor Vehicle Electrical And Electronic Equipment Market Regional And Country Analysis

5.1. Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Motor Vehicle Electrical And Electronic Equipment Market

6.1. Asia-Pacific Motor Vehicle Electrical And Electronic Equipment Market Overview

6.2. Asia-Pacific Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Motor Vehicle Electrical And Electronic Equipment Market

7.1. China Motor Vehicle Electrical And Electronic Equipment Market Overview

7.2. China Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Motor Vehicle Electrical And Electronic Equipment Market

8.1. India Motor Vehicle Electrical And Electronic Equipment Market Overview

8.2. India Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Motor Vehicle Electrical And Electronic Equipment Market

9.1. Japan Motor Vehicle Electrical And Electronic Equipment Market Overview

9.2. Japan Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Motor Vehicle Electrical And Electronic Equipment Market

10.1. Australia Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Motor Vehicle Electrical And Electronic Equipment Market

11.1. Indonesia Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Motor Vehicle Electrical And Electronic Equipment Market

12.1. South Korea Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Motor Vehicle Electrical And Electronic Equipment Market

13.1. Western Europe Motor Vehicle Electrical And Electronic Equipment Market Overview

13.2. Western Europe Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Motor Vehicle Electrical And Electronic Equipment Market

14.1. UK Motor Vehicle Electrical And Electronic Equipment Market Overview

14.2. UK Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Motor Vehicle Electrical And Electronic Equipment Market

15.1. Germany Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Motor Vehicle Electrical And Electronic Equipment Market

16.3. France Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Motor Vehicle Electrical And Electronic Equipment Market

17.1. Eastern Europe Motor Vehicle Electrical And Electronic Equipment Market Overview

17.2. Eastern Europe Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Motor Vehicle Electrical And Electronic Equipment Market

18.1. Russia Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Motor Vehicle Electrical And Electronic Equipment Market

19.1. North America Motor Vehicle Electrical And Electronic Equipment Market Overview

19.2. North America Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Motor Vehicle Electrical And Electronic Equipment Market

20.1. USA Motor Vehicle Electrical And Electronic Equipment Market Overview

20.2. USA Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Motor Vehicle Electrical And Electronic Equipment Market

21.1. South America Motor Vehicle Electrical And Electronic Equipment Market Overview

21.2. South America Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Motor Vehicle Electrical And Electronic Equipment Market

22.1. Brazil Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Motor Vehicle Electrical And Electronic Equipment Market

23.1. Middle East Motor Vehicle Electrical And Electronic Equipment Market Overview

23.2. Middle East Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Motor Vehicle Electrical And Electronic Equipment Market

24.1. Africa Motor Vehicle Electrical And Electronic Equipment Market Overview

24.2. Africa Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Motor Vehicle Electrical And Electronic Equipment Market Competitive Landscape And Company Profiles

25.1. Motor Vehicle Electrical And Electronic Equipment Market Competitive Landscape

25.2. Motor Vehicle Electrical And Electronic Equipment Market Company Profiles

25.2.1. Bosch

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. General Motors Corp.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Tennaco

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. DENSO Manufacturing Tennessee

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Delphi Corp

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Motor Vehicle Electrical And Electronic Equipment Market

27. Motor Vehicle Electrical And Electronic Equipment Market Trends And Strategies

28. Motor Vehicle Electrical And Electronic Equipment Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Asia-Pacific, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: China, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: India, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: Japan, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Australia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Indonesia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: South Korea, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Western Europe, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: UK, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Germany, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: France, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Eastern Europe, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Russia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: North America, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: USA, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: South America, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: Brazil, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Middle East, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Africa, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Bosch Financial Performance

Figure 26: General Motors Corp. Financial Performance

Figure 27: Tennaco Financial Performance

Figure 28: DENSO Manufacturing Tennessee Financial Performance

Figure 29: Delphi Corp Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Motor Vehicle Electrical And Electronic Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Asia-Pacific, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: China, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: India, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: Japan, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Australia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Indonesia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: South Korea, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Western Europe, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: UK, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Germany, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: France, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Eastern Europe, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Russia, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: North America, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: USA, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: South America, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: Brazil, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Middle East, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Africa, Motor Vehicle Electrical And Electronic Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Bosch Financial Performance

Table 26: General Motors Corp. Financial Performance

Table 27: Tennaco Financial Performance

Table 28: DENSO Manufacturing Tennessee Financial Performance

Table 29: Delphi Corp Financial Performance

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