Automotive technologies market size to grow by USD 151.8 million from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global automotive technologies market size is estimated to increase by USD 151.8 million. The market's growth momentum will progress at a CAGR of 10.68%.

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Global automotive technologies market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global automotive technologies market – Vendor analysis
Vendor Landscape - The global automotive technologies market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive technologies in the market are Advanced Micro Devices Inc., Airbiquity Inc., Aptiv Plc, BlackBerry Ltd., Continental AG, DENSO Corp., Elektrobit Automotive GmbH, Faurecia SE, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Valeo SA, Visteon Corp., and ZF Friedrichshafen AG and others.

The global automotive technologies market is at its growing stage. This implies that the market in focus is characterized by the rising adoption of ADAS features in vehicles, the integration of advanced safety technologies in luxury cars, and the rise in technological advances in automobiles.

Vendor offerings -

• Advanced Micro Devices Inc: The company offers automotive technologies such as Automotive grade Zynq 7000 SoCs which feature programmable system integration, increased system performance, total power reduction, accelerated design productivity, and BOM cost reduction.
• Continental AG: The company offers automotive technologies such as drum brakes, LiDAR, ultrasonic parking sensors, 3D displays, motion control, and remote garage parking.
• DENSO Corp: The company offers automotive technologies such as air conditioning systems, power train systems, safety and cockpit system, and service stations.
• Elektrobit Automotive GmbH: The company offers embedded software solutions and services for the automotive industry.
• Faurecia SE: The company offers automotive technologies such as driver assistance systems, actuators, sensors, energy ­management, and lighting systems.
• For Details on the vendor and its offerings – Buy the report!

Global automotive technologies market - Segmentation assessment

Segment overview
Technavio has segmented the market based on components (hardware, software, and services) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). 

• The market share growth of the hardware segment will be higher than the other segments during the forecast period. The primary purpose of the car's computer system is to monitor the engine and regulate it so that emissions are kept as low as feasible. The rising inclination of consumers toward lightweight and fuel-efficient vehicles has encouraged manufacturers to develop advanced components made of materials such as carbon fiber, magnesium, and aluminum and install lightweight radars in vehicles.

Geography overview
By geography, the global automotive technologies market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive technologies market.

• APAC will account for 49% of the market's growth during the forecast period. The major markets in APAC for automotive technologies are China, Japan, and South Korea. Market growth in this region will be faster than the market growth in other regions. The market expansion for automotive technologies in APAC will be driven by the rising adoption of technologies and connected infotainment systems over the forecast period.

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Global automotive technologies market – Market dynamics

Leading drivers - The rising adoption of ADAS features in vehicles is one of the key drivers supporting the automotive technologies market growth. The applications of ADAS in automobiles have improved due to the quick adoption of software algorithms, CPUs, sensors, cameras, and advanced technology in mapping obstacles. As concerns over passenger security and safety have grown, governments in developing nations have set strict safety standards for automotive manufacturers to create vehicles with ADAS features. For instance, the government of India mandated the installation of a co-driver airbag in all vehicle segments. Such instances may drive market growth during the forecast period.

Key trends - Increasing developments in semi-autonomous and autonomous vehicles are one of the key automotive technologies market trends contributing to the market growth. The deployment of infrastructure-to-vehicle and vehicle-to-vehicle communication technologies, along with the rapid advancement of sensor-processing technologies, high-definition mapping, adaptive algorithms, and other technologies, is driving several companies to increase their production capacities and raising the level of vehicle automation. Increasing the use of automated vehicles is predicted to lower vehicle running costs, improve travel comfort and convenience, and encourage longer commutes, all of which are expected to drive market growth during the forecast period.

Major challenges - The lack of standard protocols is one of the factors hampering the automotive technologies market growth. Numerous governmental guidelines control the manufacturing of automobiles by limiting the creativity of engineers and designers. The main goal of these standards is to improve passenger and driver safety, both on the road and in terms of theft. Each nation has its own set of rules and automakers need to modify their production practices to sell their goods in various international marketplaces. The manufacturers suffer financial losses as a result of having to put up many assembly lines due to the changing norms in each nation. Such losses can prevent the market from growing during the projected period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this automotive technologies market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive technologies market between 2022 and 2026
• Precise estimation of the size of the automotive technologies market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive technologies market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive technologies market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Component

• 5.1 Market segments 
• Exhibit 24: Chart on Component - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Component - Market share 2021-2026 (%)

• 5.2 Comparison by Component 
• Exhibit 26: Chart on Comparison by Component
• Exhibit 27: Data Table on Comparison by Component

• 5.3 Hardware - Market size and forecast 2021-2026
• Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)

• 5.4 Software - Market size and forecast 2021-2026
• Exhibit 32: Chart on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Software - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Software - Year-over-year growth 2021-2026 (%)

• 5.5 Services - Market size and forecast 2021-2026
• Exhibit 36: Chart on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Component 
• Exhibit 40: Market opportunity by Component ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Advanced Micro Devices Inc. 
• Exhibit 93: Advanced Micro Devices Inc. - Overview
• Exhibit 94: Advanced Micro Devices Inc. - Business segments
• Exhibit 95: Advanced Micro Devices Inc. - Key news
• Exhibit 96: Advanced Micro Devices Inc. - Key offerings
• Exhibit 97: Advanced Micro Devices Inc. - Segment focus

• 10.4 Continental AG 
• Exhibit 98: Continental AG - Overview
• Exhibit 99: Continental AG - Business segments
• Exhibit 100: Continental AG - Key news
• Exhibit 101: Continental AG - Key offerings
• Exhibit 102: Continental AG - Segment focus

• 10.5 DENSO Corp. 
• Exhibit 103: DENSO Corp. - Overview
• Exhibit 104: DENSO Corp. - Business segments
• Exhibit 105: DENSO Corp. - Key news
• Exhibit 106: DENSO Corp. - Key offerings
• Exhibit 107: DENSO Corp. - Segment focus

• 10.6 Faurecia SE 
• Exhibit 108: Faurecia SE - Overview
• Exhibit 109: Faurecia SE - Business segments
• Exhibit 110: Faurecia SE - Key offerings
• Exhibit 111: Faurecia SE - Segment focus

• 10.7 Intel Corp. 
• Exhibit 112: Intel Corp. - Overview
• Exhibit 113: Intel Corp. - Business segments
• Exhibit 114: Intel Corp. - Key news
• Exhibit 115: Intel Corp. - Key offerings
• Exhibit 116: Intel Corp. - Segment focus

• 10.8 NVIDIA Corp. 
• Exhibit 117: NVIDIA Corp. - Overview
• Exhibit 118: NVIDIA Corp. - Business segments
• Exhibit 119: NVIDIA Corp. - Key news
• Exhibit 120: NVIDIA Corp. - Key offerings
• Exhibit 121: NVIDIA Corp. - Segment focus

• 10.9 NXP Semiconductors NV 
• Exhibit 122: NXP Semiconductors NV - Overview
• Exhibit 123: NXP Semiconductors NV - Product / Service
• Exhibit 124: NXP Semiconductors NV - Key news
• Exhibit 125: NXP Semiconductors NV - Key offerings

• 10.10 Renesas Electronics Corp. 
• Exhibit 126: Renesas Electronics Corp. - Overview
• Exhibit 127: Renesas Electronics Corp. - Business segments
• Exhibit 128: Renesas Electronics Corp. - Key offerings
• Exhibit 129: Renesas Electronics Corp. - Segment focus

• 10.11 Robert Bosch GmbH 
• Exhibit 130: Robert Bosch GmbH - Overview
• Exhibit 131: Robert Bosch GmbH - Business segments
• Exhibit 132: Robert Bosch GmbH - Key news
• Exhibit 133: Robert Bosch GmbH - Key offerings
• Exhibit 134: Robert Bosch GmbH - Segment focus

• 10.12 ZF Friedrichshafen AG 
• Exhibit 135: ZF Friedrichshafen AG - Overview
• Exhibit 136: ZF Friedrichshafen AG - Business segments
• Exhibit 137: ZF Friedrichshafen AG - Key news
• Exhibit 138: ZF Friedrichshafen AG - Key offerings
• Exhibit 139: ZF Friedrichshafen AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 140: Inclusions checklist
• Exhibit 141: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 142: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 143: Research methodology
• Exhibit 144: Validation techniques employed for market sizing
• Exhibit 145: Information sources

• 11.5 List of abbreviations 
• Exhibit 146: List of abbreviations

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