Electronic Manufacturing in Automotive: A Market Overview
The automotive industry is undergoing a significant transformation with the advent of electronics. The integration of electronic components has not only enhanced vehicle performance but also improved safety measures, fuel efficiency, and passenger comfort. This article provides an overview of the electronic manufacturing in the automotive sector, its market capitalization, and the top companies in this domain.


Market Capitalization
The global automotive electronics market has been growing at an impressive pace. As of 2023, the market size surpassed USD 250 billion12345. The market is projected to grow from USD 279.93 billion in 2024 to USD 425.19 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period6. This growth is driven by the increasing integration and implementation of advanced safety systems, the rising demand for electric vehicles, and the emergence of autonomous technologies.


Top Five Electronic Manufacturing Companies in Automotive: -

Omron Corporation: Founded in 1933 and headquartered in Kyoto, Japan, Omron Corporation is a multinational electronics company that manufactures industrial automation, electronic and mechanical components, and healthcare equipment. Check - omron.com


Robert Bosch GmbH: Commonly known as Bosch, this German company is a leading supplier of technology and services across the globe. It offers innovative solutions for smart homes, industries, and connected mobility. Check - robertbosch.com

Avalon Technologies: Avalon Technologies is a multi-faceted manufacturing company with a product spectrum that spans PCBA Design & Assembly, Wire Harnesses, Magnetics, Electro-Mechanical Integration (EMI), Sheet Metal Fabrication, Machining and Injection Moulded Plastics. check - avalontec.com

N-Vision Czech Republic: A leading electronics manufacturing company that serves global brands. They specialize in the production and assembly of electronic components for the automotive industry and telecommunications.

SERO GmbH: A leading electronics manufacturing services (EMS) provider in Germany, offering innovative solutions and high-quality electronic assembly services7.
These companies are making significant strides in the automotive electronics industry, investing heavily in research and development activities to develop energy storage technology and high-performance electronics5.

Future of Automotive Electronics
When envisioning the future of automotive electronics, three prominent trends surface: the shift to electric and hybrid vehicles, the ascent of Vehicle-to-Everything (V2X) communication, and the progression towards achieving complete autonomy in driving8. The global demand for electric vehicles has been rising steadily, driven by environmental concerns, government regulations promoting clean energy, and advancement in battery technology9. The rise in electric vehicle sales, growing demand for connected cars, and advancement in ADAS technology are expected to drive the market growth over the forecast period9.

Conclusion
The integration of electronics in the automotive sector is revolutionizing the industry, enhancing vehicle performance, safety, and passenger comfort. With the market projected to grow significantly in the coming years and top companies continuously innovating, the future of electronic manufacturing in automotive looks promising.