Analysis of the current situation of the automotive electronics industry market: the automotive elec

1、 Policy Changes in China's Automotive Electronics Industry

Automotive electronics is the general term of vehicle body electronic control device and vehicle electronic control device. The vehicle body electronic control device includes the engine control system, chassis control system and body electronic control system (body electronic ECU).

According to China's national economic and social development plan, China supports the development of automotive electronics. During the "Tenth Five Year Plan" period, the state emphasized the importance of the manufacturing level of key auto parts. During the "Twelfth Five Year Plan" period, the state emphasized the need to strengthen the vehicle research and development capability. During the "Fourteenth Five Year Plan" period, it emphasized the need to focus on emerging industries such as new energy vehicles and accelerate the innovation of key technologies. From the "Tenth Five Year Plan" to the "Fourteenth Five Year Plan", it can be seen that with the rapid development of science and technology in China, China's requirements for the development of the automotive electronics industry are getting higher and higher, and the integration of automotive and new era technology is getting closer and closer.

　　China's Auto Electronics Industry Policy History Chart

Source: Zhiyan Consulting

Relevant report: Special Market Research and Competitive Strategy Analysis Report of China's Automotive Electronics Industry from 2022 to 2028 released by Smart Research Consulting

2、 Policy environment analysis (P)

1. Policies of national ministries and commissions　Automobile is the pillar industry of China's national economy. Compared with traditional automobiles, automobile electronics can improve the safety, comfort and entertainment of automobiles. From the perspective of policies issued by national ministries and commissions, most of the policies issued by China for the automotive electronics industry are supportive policies. In March 2021, the Fourth Session of the 13th National People's Congress voted to adopt the Fourteenth Five Year Plan for National Economic and Social Development and the Outline of Vision Goals for 2035. The Outline clearly proposed to cultivate and expand emerging digital industries such as artificial intelligence, big data, blockchain, cloud computing, network security, and improve the level of communication equipment, core electronic components, key software, and other industries. In June 2022, the State Council issued the Notice on Printing and Distributing the Overall Plan of Guangzhou Nansha to Deepen the World oriented Comprehensive Cooperation between Guangdong, Hong Kong and Macao, which proposed to promote the research and development and industrialization of intelligent pure electric vehicles, and build an intelligent connected vehicle industry chain and intelligent transportation industry cluster.

Policies of National Ministries and Commissions in China's Automotive Electronics Industry since 2016 (I)

Source: Zhiyan Consulting

Policies of National Ministries and Commissions in China's Automotive Electronics Industry since 2016 (II)

Source: Zhiyan Consulting

2. Policies of key provinces

　　For the automotive electronics industry, each province has also put forward some support policies according to the characteristics of the province. For example, in March 2022, Chongqing put forward in its "Fourteenth Five Year Plan" for the Development of Strategic Emerging Industries in Chongqing (2021-2025) to speed up the research on core technologies of key components such as automotive electronics, power batteries, and drive motors, and build an international first-class industrial ecology of new energy vehicles and intelligent vehicles, and a domestic advanced industrial base of power batteries and automotive electronics.

Relevant policies of auto electronics industry in key provinces since 2021

Source: Zhiyan Consulting

3. Policies for key cities

In addition to the automobile electronics support policies issued by provinces, the key cities have also issued support policies. In March 2022, Suining City issued the "Fourteenth Five Year" High Quality Development Plan for Manufacturing Industry in Suining City, which clearly stipulates that a number of vehicle electronic device projects should be cultivated and the automobile electronic industry base in Sichuan and Chongqing should be built.

Relevant policies of auto electronics industry in key cities since 2021

Source: Zhiyan Consulting

3、 Economic environment analysis (E)

China, as the country with the largest population, has a broad prospect of automobile consumption market. With the steady improvement of residents' income level and residents' purchasing power, consumption has gradually changed from solving the problem of food and clothing to improving the quality of life. According to the data of the National Bureau of Statistics, the per capita disposable income and consumption level of Chinese residents showed a steady growth trend from 2010 to 2021. In 2021, the per capita disposable income in China was 35000 yuan, a year-on-year growth of 9.13%. With the increase of residents' income, it has promoted the development of China's automobile industry to a certain extent, and further promoted the development of China's automobile electronics industry.

Per capita disposable income and consumption level of China from 2010 to 2021

Source: National Bureau of Statistics and Zhiyan Consulting

With the influence of the trend of automobile intelligence and electrification, the application scope of China's automobile electronics industry is gradually expanding, and the position of automobile electronics applications is gradually improving. In recent years, the market size of China's automotive electronics industry has grown steadily. In 2021, the market size of China's automotive electronics industry will be 110.4 billion US dollars, up 7.29% year on year.

　Market size of China's automotive electronics industry (100 million US dollars)

Source: Zhiyan Consulting

The stable development of the automotive industry can promote the development of the automotive electronics industry. According to the data of the National Bureau of Statistics, the production and sales of automobiles in China will be 26.53 million and 26.27 million in 2021, respectively, with an increase of 4.75% and 3.79% compared with the production and sales in 2020.

China's automobile production and sales from 2012 to 2021

Source: National Bureau of Statistics and Zhiyan Consulting

4、 Social environment analysis (S)

　　With the development of the Internet, the consumption habits and psychology of residents have undergone tremendous changes. People have changed from traditional offline physical store consumption behavior to online online shopping, opening a life of shopping without leaving home. At the same time, people can learn more about their purchases through the Internet. The car is a means of transportation for people to go out. With the arrival of the intelligent era, people have increasingly high requirements for car configuration. Automotive electronics can meet the diversified needs of consumers and provide a comfortable and convenient driving experience. The upgrading of automotive consumption demand under the Internet environment is one of the important driving forces for the development of the automotive electronics industry.

5、 Technical environment analysis (T)

With the rapid development of China's automotive electronics industry in recent years, the corresponding number of patent applications has also risen rapidly. According to the data of Baiteng, the number of patent applications for automotive electronics showed an overall growth trend from 2010 to 2020, with a slight decline in 2021 and 3239 patent applications. At present, there will be 589 patent applications for automotive electronics in 2022.

Application of automobile electronic patents from 2010 to 2022

　Source: Baiteng and Zhiyan Consulting

　　As an important part of the upstream automotive electronics industry, the market size of sensors has a certain impact on the development of automotive electronics. According to relevant data, the market scale of sensors in China has shown a steady growth trend in recent years, which has promoted the production of automotive electronics to a certain extent. The market size of sensors in China will be about 295.3 billion yuan in 2021, an increase of 17.56% compared with 2020.

2017-2021 China's sensor market size (100 million yuan)

Source: Zhiyan Consulting

From the perspective of R&D investment of key enterprises in the automotive electric industry, according to the data, the R&D investment of Huayang Group and Desai Xiwei in 2017-2021 showed a steady growth trend on the whole, and the R&D investment of Junsheng Electronics showed a trend of increasing first and then decreasing. In 2021, the R&D investment of Huayang Group will be 382 million yuan, with a year-on-year growth of 27.01%; In 2021, the R&D investment of Desai Xiwei will be 962 million yuan, with a year-on-year growth of 17.81%; In 2021, the R&D investment of Junsheng Electronics will be 3.088 billion yuan, down 3.80% year on year.

Research and development investment of Huayang Group, Desai Xiwei and Junsheng Electronics in 2017-2021 (100 million yuan)

　　Source: Enterprise annual report, intelligent research consulting and sorting

For the above data and information, please refer to the Report on Investment Strategy Discussion and Market Scale Forecast of China's Automotive Electronics Industry from 2022 to 2028 issued by Intelligent Research Consulting (www.chyxx. com). Smart Research Consulting is a comprehensive provider of information and intelligence in China's industrial consulting field. The company takes "using information to drive industrial development and empower enterprise investment decisions" as its brand concept. To provide professional industrial consulting services for enterprises, mainly including high-quality business research reports, special customization, monthly special topics, feasibility study reports, business plans, industrial planning, etc. Provide regular reports and customized data such as weekly/monthly/quarterly/annual reports, covering policy monitoring, enterprise dynamics, industry data, product price changes, investment and financing overview, market opportunities and risk analysis, etc.