Automotive Electronic Manufacturing Services Market by Service Type (Design & Engineering Services, Manufacturing & Assembly Services, Testing Services), Vehicle Type (Commercial Vehicles, Passenger Cars), Application - Global Forecast 2024-2030

Automotive Electronic Manufacturing Services Market by Service Type (Design & Engineering Services, Manufacturing & Assembly Services, Testing Services), Vehicle Type (Commercial Vehicles, Passenger Cars), Application - Global Forecast 2024-2030

The Automotive Electronic Manufacturing Services Market size was estimated at USD 121.80 billion in 2023 and expected to reach USD 133.59 billion in 2024, at a CAGR 10.35% to reach USD 242.82 billion by 2030.

Automotive electronic manufacturing services refer to a critical set of professional offerings provided by specialized companies that design, manufacture, test, and offer repair services for electronic elements and assemblies for original equipment manufacturers within the automotive industry. This spectrum of services enables automotive OEMs to leverage the advanced technological capabilities, manufacturing expertise, and scalability of EMS providers to produce complex electronic systems that are essential for modern vehicles. Rising consumer expectations for vehicle functionality and connectivity are leading to increased electronic elements in cars. In addition, stricter emissions and safety regulations worldwide are pushing for increased electronic integration in vehicles. However, high manufacturing costs associated with automotive electronics impact the market growth. Furthermore, innovations in electronics and material science are enabling more complex automotive systems to create lucrative opportunities for manufacturers.

Regional Insights

The American region encompassing the United States & Canada is prominent in innovation and investment in automotive electronics, driven by a robust demand for electric vehicles (EVs) and advanced driver-assistance systems (ADAS). Innovations highlight strides in autonomous vehicle technology and battery management systems, reflecting substantial research and development efforts. The EU's focus on sustainability and stringent emission standards is propelling innovations in green automotive technologies. The region shows a growing interest in autonomous vehicles, with significant investments in research and collaborative projects aiming for a unified digital market for automotive services. The Middle East is increasingly embracing automotive electronics through the adoption of smart transportation solutions and EVs, supported by oil-rich economies investing in post-oil era technologies. In the APAC region, China is a global powerhouse in automotive electronics manufacturing, which is attributed to its vast domestic market and government support for EVs. India's automotive electronics market is rapidly growing, driven by increased demand for connected vehicles and governmental pushes towards EV adoption. Start-ups and tech companies are actively investing in IoT-based solutions for vehicle management and advanced telematics services.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Electronic Manufacturing Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for electric vehicles across the globe
• Rising consumer demand for vehicle functionality and connectivity
• Growing focus towards adopting green manufacturing practices

Market Restraints

• High manufacturing cost associated with automotive electronics

Market Opportunities

• Technological advancements in electronics and material science
• Government initiatives & investments towards vehicle emissions and safety regulations

Market Challenges

• Regulatory and compliance issues associated with electronic components

Market Segmentation Analysis

• Service Type: Growing design & engineering services focus towards introducing advanced technological features
• Application: Rising applications of automotive electronic manufacturing services to develop advanced powertrain systems for electric vehicles

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Electronic Manufacturing Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Electronic Manufacturing Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Jaltek Systems and SG AUTOMOTIVE Forge Strategic Partnership

Jaltek Systems, a UK-based contract electronics manufacturer, has announced a strategic alliance with SG Automotive, a Slovenian electronic manufacturing service (EMS) provider specializing in producing printed circuit board assemblies (PCBA). This partnership is expected to significantly enhance Jaltek Systems' capacity to serve a wide range of automotive and non-automotive customers effectively.

EV Maker BYD to Acquire Jabil’s Mobile Electronics Manufacturing Business for USD 2.2 Billion

BYD Company, along with its subsidiary BYD Electronic (International) Company Ltd, has announced an agreement with Jabil Inc, an electronics manufacturing services company, to acquire Jabil's mobile electronics manufacturing business for a cash transaction valued at approximately RMB 15.8 billion (USD 2.2 billion). This strategic acquisition, centered on Jabil's manufacturing facilities in Chengdu and Wuxi, is expected to significantly expand BYD Electronics' influence across the core supply chain within the consumer electronics realm.

VVDN Strengthen its Services Portfolio with the Addition of Automotive Engineering and Manufacturing Services for Global Markets

VVDN Technologies has broadened its services by venturing into automotive engineering and manufacturing. Catering to a global clientele that encompasses automotive OEMs, suppliers, fleet owners, and startups, VVDN is poised to make significant contributions across several automotive domains. With expertise spanning driver assistance systems, digital cockpits, ADAS, battery management systems, infotainment systems, digital instrument clusters, surround view systems, and telematics control units, the company also emphasizes the burgeoning sector of E-Mobility through its support for EV charger designs.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Electronic Manufacturing Services Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Electronic Manufacturing Services Market, highlighting leading vendors and their innovative profiles. These include 3CEMS Group, ACTIA Group, Argus Embedded Systems Pvt Ltd., August Electronics Inc., Avalon Technologies Limited, EC Electronics Ltd., Fermionx Ltd., First International Computer, Inc., Hemar AG, Huber Automotive AG, Infopower Technologies Private Limited, Kimball Electronics, Inc., Kontron, d. o. o., KSG GmbH, MADES by Latecoere S.A., Mantra Softech Pvt Ltd., MOKO Technology, Prakant Electronics Pvt. Ltd., Profab Electronics Manufacturing Inc., SAFIRAL s.r.o., Sanmina Corporation, Sonic Manufacturing Technologies, SRM Technologies Private Ltd., Universal Scientific Industrial (Shanghai) Co., Ltd., and Vexos Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Electronic Manufacturing Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Service Type
• Design & Engineering Services
• Manufacturing & Assembly Services
• Testing Services
• Vehicle Type
• Commercial Vehicles
• Passenger Cars
• Application
• Body Electronics
• Infotainment & Multimedia
• Powertrain & Engine Control
• Safety System

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

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