Automobile Electronics Manufacturing in the US - Industry Market Research Report

Automobile Electronics Manufacturing in the US - Industry Market Research Report

  • November 2020 •
  • 58 pages •
  • Report ID: 619118 •
  • Format: PDF
Hands off: Increased input costs and trade uncertainty will likely hurt industry export growth

Abstract

Automobile Electronics Manufacturing in the US
Automobile Electronics Manufacturing industry strength can be largely attributed to the robust growth of motor vehicle manufacturing and sales. Heavy buying activity from key downstream markets such as automobile manufacturers, in addition to general improvements in the domestic economy, are anticipated to bolster revenue growth. Decreasing unemployment and increasing consumer spending have supported sales to key markets. Over the five years to 2024, new car sales are expected to slow, while the continued southern migration of automobile manufacturing operations toward Mexico and rising domestic demand is expected to stall the industry’s revenue growth. Furthermore, an anticipated continuation of trade uncertainty and increased prices of key inputs are expected to limit US exports of automobile electronics and industry revenue over the next five years.

This industry manufactures motor vehicle parts that have or operate with the aid of small components that control and direct an electric current. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems and driver displays. Manufacturers of electric motors are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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