Market Overview

The automotive industry is rapidly evolving, with new technologies and innovations reshaping the way we drive and interact with vehicles. One of the key areas of focus in this transformation is automotive chassis electronics, which includes the various electrical and electronic systems that control and monitor the vehicle’s chassis and its components. The global market for automotive chassis electronics is expected to grow at a healthy rate in the coming years, driven by the increasing demand for safer, more efficient, and connected vehicles.

This article provides an in-depth analysis of the automotive chassis electronics market, covering key trends, drivers, restraints, opportunities, and future outlook. We also discuss the impact of the Covid-19 pandemic on the market and provide insights into the competitive landscape, regional dynamics, and segmentation of the market.

Meaning

Automotive chassis electronics refer to the various electrical and electronic systems that are integrated into the chassis of a vehicle. These systems are designed to improve the performance, safety, and efficiency of the vehicle, by providing real-time monitoring and control of the vehicle’s components. Automotive chassis electronics include systems such as anti-lock braking systems (ABS), electronic stability control (ESC), traction control systems (TCS), electronic brake-force distribution (EBD), and many others.

Executive Summary

The global automotive chassis electronics market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026). The market is driven by the increasing demand for safer, more efficient, and connected vehicles, as well as the growing trend towards electric and hybrid vehicles. The Asia-Pacific region is expected to dominate the market, followed by North America and Europe. Key players in the market include Robert Bosch GmbH, Continental AG, Aptiv PLC, ZF Friedrichshafen AG, and others.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global market for automotive chassis electronics is expected to witness significant growth in the coming years, driven by several key factors, including:

• Increasing demand for safer vehicles: The growing awareness of the importance of safety features in vehicles is driving the demand for advanced chassis electronics systems, such as ABS, ESC, and TCS. These systems provide real-time monitoring and control of the vehicle’s components, helping to prevent accidents and improve overall safety.
• Growing trend towards electric and hybrid vehicles: The increasing popularity of electric and hybrid vehicles is also driving the demand for advanced chassis electronics systems. These vehicles require sophisticated control systems to manage the complex interactions between the electric motor, battery, and other components.
• Technological advancements in automotive electronics: The rapid pace of technological innovation in the automotive industry is leading to the development of more advanced and sophisticated chassis electronics systems. These systems are designed to provide greater performance, efficiency, and reliability, while also reducing costs and improving overall functionality.

Market Drivers

The automotive chassis electronics market is expected to be driven by the following factors:

• Increasing demand for safer vehicles: As mentioned earlier, the growing awareness of the importance of safety features in vehicles is driving the demand for advanced chassis electronics systems, such as ABS, ESC, and TCS. Governments around the world are also mandating the installation of such safety systems in vehicles, further driving the market growth.
• Growing trend towards electric and hybrid vehicles: The increasing popularity of electric and hybrid vehicles is also driving the demand for advanced chassis electronics systems. These vehicles require sophisticated control systems to manage the complex interactions between the electric motor, battery, and other components.
• Technological advancements in automotive electronics: The rapid pace of technological innovation in the automotive industry is leading to the development of more advanced and sophisticated chassis electronics systems. These systems are designed to provide greater performance, efficiency, and reliability, while also reducing costs and improving overall functionality.

Market Restraints

The automotive chassis electronics market is expected to face certain restraints in the coming years, including:

• High costs of advanced systems: The cost of developing and implementing advanced chassis electronics systems can be quite high, which can limit their adoption, particularly in emerging markets.
• Cybersecurity concerns: As vehicles become more connected and dependent on electronics systems, they become increasingly vulnerable to cyberattacks. This can create concerns around the safety and security of these systems, potentially limiting their adoption.
• Complexity of systems: Advanced chassis electronics systems can be quite complex, which can create challenges around their development, implementation, and maintenance. This can limit their adoption, particularly in smaller companies with limited resources.

Market Opportunities

Despite the above challenges, there are several key opportunities in the automotive chassis electronics market, including:

• Growing demand for connected vehicles: The increasing demand for connected vehicles, which can communicate with other vehicles, infrastructure, and the cloud, is driving the development of new chassis electronics systems that can support these features.
• Rising demand for autonomous vehicles: The growing interest in autonomous vehicles is also driving the demand for advanced chassis electronics systems, which can provide the real-time monitoring and control required for safe and efficient autonomous driving.
• Expansion into emerging markets: Emerging markets such as China, India, and Brazil present significant opportunities for the automotive chassis electronics market, as the demand for advanced safety and performance features continues to grow in these regions.

Market Dynamics

The global automotive chassis electronics market is highly dynamic, with rapid technological innovation and changing consumer preferences driving constant change. Some of the key dynamics that are shaping the market include:

• Technological innovation: The rapid pace of technological innovation in the automotive industry is driving the development of more advanced and sophisticated chassis electronics systems. This is creating new opportunities for growth and expansion, as well as new challenges around development, implementation, and maintenance.
• Changing consumer preferences: Consumers are increasingly looking for vehicles that are safer, more efficient, and more connected. This is driving the demand for advanced chassis electronics systems, which can help deliver these features.
• Government regulations: Governments around the world are mandating the installation of advanced safety features in vehicles, which is driving the adoption of advanced chassis electronics systems such as ABS, ESC, and TCS.

Regional Analysis

The automotive chassis electronics market is expected to be dominated by the Asia-Pacific region, followed by North America and Europe. The Asia-Pacific region is expected to continue to lead the market during the forecast period, driven by the growing demand for safer, more efficient, and connected vehicles in countries such as China and India.

Competitive Landscape

Leading Companies in the Automotive Chassis Electronics Market:

1. Robert Bosch GmbH
2. Continental AG
3. Aptiv PLC
4. ZF Friedrichshafen AG
5. Denso Corporation
6. Hitachi Automotive Systems, Ltd.
7. Panasonic Corporation
8. Lear Corporation
9. Magna International Inc.
10. Siemens AG

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The automotive chassis electronics market can be segmented based on several factors, including:

• Type: The market can be segmented based on the type of chassis electronics system, including ABS, ESC, TCS, EBD, and others.
• Vehicle type: The market can be segmented based on the type of vehicle, including passenger cars, commercial vehicles, and others.
• Region: The market can be segmented based on the region, including Asia-Pacific, North America, Europe, and others.

Category-wise Insights

The automotive chassis electronics market can be divided into several categories, including:

• Safety systems: Advanced safety systems such as ABS, ESC, and TCS are expected to continue to be a major driver of the automotive chassis electronics market, as consumers and governments place increasing importance on vehicle safety.
• Performance systems: Advanced performance systems such as EBD, active suspension systems, and advanced steering systems are also expected to drive the market, as consumers and manufacturers look for ways to improve vehicle performance and handling.

• Connectivity systems: The growing demand for connected vehicles is driving the development of new connectivity systems for automotive chassis electronics, such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems.
• Autonomous driving systems: The rise of autonomous driving is driving the development of new advanced chassis electronics systems, such as advanced sensors and control systems, to support safe and efficient autonomous driving.

Key Benefits for Industry Participants and Stakeholders

There are several key benefits for industry participants and stakeholders in the automotive chassis electronics market, including:

• Growing demand for advanced systems: The increasing demand for safer, more efficient, and connected vehicles is driving the demand for advanced chassis electronics systems, creating new opportunities for growth and expansion.
• Technological innovation: The rapid pace of technological innovation in the automotive industry is creating new opportunities for development and expansion, as well as new challenges around implementation and maintenance.
• Global expansion: The growing demand for advanced safety and performance features in emerging markets such as China, India, and Brazil is creating new opportunities for expansion and growth in these regions.

SWOT Analysis

A SWOT analysis of the automotive chassis electronics market reveals the following:

Strengths:

• Growing demand for advanced safety and performance features
• Technological innovation driving new opportunities for growth
• Strong presence of key players in the market

Weaknesses:

• High cost of advanced systems
• Complexity of systems creating challenges around implementation and maintenance
• Cybersecurity concerns around connected and autonomous vehicles

Opportunities:

• Rising demand for connected and autonomous vehicles
• Expansion into emerging markets
• Growing demand for advanced performance systems

Threats:

• Increasing competition in the market
• Economic downturns and market instability
• Disruptive technologies and new market entrants

Market Key Trends

Some of the key trends that are shaping the automotive chassis electronics market include:

• Increasing demand for connected and autonomous vehicles: The growing demand for connected and autonomous vehicles is driving the development of new advanced chassis electronics systems, such as sensors, control systems, and communication systems.
• Technological convergence: The convergence of various technologies, such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT), is driving the development of more advanced and sophisticated chassis electronics systems.
• Electric and hybrid vehicles: The increasing popularity of electric and hybrid vehicles is driving the development of new chassis electronics systems to support the unique needs of these vehicles, such as battery management systems and electric motor control systems.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the automotive industry, including the automotive chassis electronics market. The pandemic has led to a slowdown in production and demand for vehicles, as well as disruptions to global supply chains. However, the pandemic has also created new opportunities for growth in areas such as connected and autonomous vehicles, as well as in the expansion of online sales and service platforms.

Key Industry Developments

Some of the key industry developments in the automotive chassis electronics market include:

• Development of advanced safety and performance systems: Key players in the market are investing heavily in the development of advanced safety and performance systems, such as ESC, TCS, and active suspension systems.
• Expansion into emerging markets: Key players in the market are expanding their presence in emerging markets such as China and India, where the demand for advanced safety and performance features is growing rapidly.
• Investment in technological innovation: Key players in the market are investing heavily in technological innovation, such as the development of new sensors, control systems, and communication systems.

Analyst Suggestions

To succeed in the automotive chassis electronics market, analysts suggest the following strategies:

• Focus on innovation: Companies should invest in R&D to develop new and innovative chassis electronics systems that can meet the changing needs of consumers and the industry.
• Expand global presence: Companies should look to expand their presence in emerging markets, such as China and India, where demand for advanced safety and performance features is growing rapidly.
• Foster partnerships and collaborations: Companies should look to form partnerships and collaborations with other players in the industry, as well as with technology companies and startups, to leverage their expertise and resources in developing new and innovative chassis electronics systems.
• Focus on cybersecurity: Companies should prioritize cybersecurity in the development of new chassis electronics systems, particularly as vehicles become more connected and dependent on electronics systems.

Future Outlook

The global automotive chassis electronics market is expected to continue to grow at a healthy rate in the coming years, driven by the increasing demand for safer, more efficient, and connected vehicles. The market is expected to be dominated by the Asia-Pacific region, with strong growth opportunities in emerging markets such as China and India. Key players in the market are expected to focus on innovation, global expansion, and partnerships and collaborations to succeed in this dynamic and competitive market.

Conclusion

The automotive chassis electronics market is a rapidly evolving and dynamic market, driven by technological innovation and changing consumer preferences. The market is expected to grow at a healthy rate in the coming years, driven by the increasing demand for advanced safety, performance, and connectivity features in vehicles. Companies that invest in innovation, expand their global presence, and prioritize cybersecurity are likely to succeed in this dynamic and competitive market.