Market Overview

The Automotive Aftermarket for Electronic Components in North America by Product and Performer (2006, 2011, 2016 and 2021) - ResearchAndMarkets.com

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The "Automotive
Aftermarket for Electronic Components in North America by Product and
Performer"
report has been added to ResearchAndMarkets.com's
offering.

This study presents historical demand data (2006, 2011, and 2016) and
forecasts for 2021 by product category (electronic controls, modules, &
sensors; automotive entertainment; security systems), country (US,
Canada, Mexico), and performer (professional and consumer/DIY).

The study also evaluates company market share and provides a competitive
analysis of key players, including:

  • Alpine Electronics
  • Bosch
  • CARDONE Industries
  • Continental
  • Delphi
  • Denso
  • General Motors
  • JVC KENWOOD
  • Pioneer
  • Standard Motor Products
  • VOXX International

Increasing OEM Installation of Automotive Electronics Creates
Strong Potential Aftermarket

Demand for aftermarket automotive electronic components in North America
is forecast to climb at a steady pace to US$13.6 billion in 2021. Sales
will be boosted by:

  • growth in the size of the region's light vehicle park
  • regulatory mandates aimed at improving occupant/pedestrian safety,
    emissions, or fuel efficiency, bolstering associated electronic
    component sales
  • vehicular collisions, which may damage otherwise operable components
  • the rising number of H/EVs in use, which incorporate electronic
    braking and engine management systems

Increasing OEM installation of these products in new light vehicles will
have a mixed effect on aftermarket sales: while OEM installations will
boost future replacement requirements, they also reduce the number of
first-time aftermarket installations.

Market advances will also be tempered by the improved longevity and
durability of many automotive electronic components. Competition from
lower-cost remanufactured units in certain product segments (such as
mass air flow (MAF) sensors) will also moderate aftermarket growth in
value terms.

US to See Largest Net Gains through 2021, Mexico Fastest Growth

While the pace of market advances in the US will lag those of its
neighbors, the US will still account for over 80% of all North American
aftermarket automotive electronic component sales gains in dollar terms
through 2021.

Consumer demand for the newest technologies will continue to promote
first-time aftermarket installations of products such as backup cameras,
while the rising electronic content in late-model vehicles will boost
aftermarket sales due to collision or component failure.

Automotive electronic component aftermarket demand in Mexico will rise
at a faster rate than in the US or Canada. Factors boosting demand in
Mexico include:

  • rising personal income levels and motor vehicle ownership
  • concerns regarding motor vehicle theft
  • increasingly stringent safety standards

Electronic Controls, Modules, & Sensors Dominate

In 2016, electronic controls, modules, and sensors accounted for 77% of
regional aftermarket electronic component demand. Rising product
installations at the OEM level will boost replacement sales, while
technological advances raise average per-unit costs.

Professional Performer Will Post Greater, Faster Gains

Professional performers will account for over 90% of new aftermarket
demand in 2021, reflecting the increasing complexity of electronic
components and systems installed in new vehicles, which makes DIY
activity less attractive and less practical.

For more information about this report visit https://www.researchandmarkets.com/research/bnjw8v/the_automotive?w=4

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