Dublin, April 22, 2025 (GLOBE NEWSWIRE) -- The "Automotive Electronics - A Global Market Overview" has been added to ResearchAndMarkets.com's offering.
Over the past forty years, automotive technology has transformed drastically, with electronics and software systems becoming pivotal to vehicle functionality. Such innovations have led to more complex safety, comfort, and entertainment features, predominantly driven by Electronic Control Units (ECUs), sensors, and current-carrying devices. These components are integral to systems like Advanced Driver Assistance Systems (ADAS), body electronics, infotainment, powertrain, and safety systems, all needing seamless connectivity through bus systems, gateway modules, and wireless technologies.
Technological advancements in AI, connectivity, and miniaturization have further propelled the Automotive Electronics market, enhancing vehicle efficiency and autonomy. AI algorithms facilitate real-time decision-making, while connectivity innovations like 5G and V2X enhance interaction between vehicles, infrastructure, and pedestrians. Cloud-based features support remote diagnostics and personalization, ensuring today's vehicles are equipped with sophisticated electronics.
The global Automotive Electronics market is projected to grow from US$300.1 billion in 2024 to US$494.9 billion by 2030, a CAGR of 8.7%. Consumer demand for safety and convenience, along with the rise of electric and autonomous vehicles, are primary drivers. The surge in electric vehicle sales has amplified the need for advanced electronics for battery management and motor control, whereas autonomous vehicles require complex sensors and AI for safe operation. These continuing advancements will substantially influence future mobility trends.
Regional Market Analysis
Asia-Pacific leads in global Automotive Electronics demand, poised for the fastest CAGR exceeding 10% from 2024 to 2030. Countries like China, Japan, South Korea, and India are major contributors, driven by increased disposable incomes and urbanization.
As the global auto manufacturing hub, China's prominence is notable, paralleling its strict environmental regulations ushering in a shift toward electric vehicles. The region's sophisticated electronics industry continues to innovate, elevating vehicle efficiency and performance.
Market Analysis by Component
Current Carrying Devices dominate the market, representing 41% of the global share in 2024. Electronic Control Units (ECUs) are expected to exhibit the fastest growth, crucial in regulating engine operations and energy management in electric vehicles.
Market Analysis by Application
Powertrain Systems hold the largest market share, encompassing power management for various vehicle types. The demand is fueled by the transition to electric and hybrid vehicles. ADAS is predicted to grow rapidly, propelled by government mandates for enhanced road safety.
Market Analysis by Vehicle Type
Passenger cars drive the largest demand, with anticipated continued growth as consumers prioritize connectivity, infotainment, and ADAS systems. The shift towards electric and hybrid models necessitates advanced electronic controls.
Market Analysis by Fitting Type
OEM Fitted components capture a 73% market share in 2024, with ongoing innovations enhancing vehicle performance and safety. Aftermarket fittings, though smaller, provide crucial upgrades and enhancements such as ADAS and infotainment systems.
Market Report Scope
This report offers insight from 2021-2030 on global and regional markets by component, application, vehicle type, and fitting type, with profiles of over 40 companies and the latest market developments.
Key Metrics
- Historical Period: 2021-2023
- Base Year: 2024
- Forecast Period: 2024-2030
- Units: Value market in US$
- Companies Mentioned: 40+
Market by Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Market by Component
- Current Carrying Devices
- Electronic Control Units (ECUs)
- Sensors
Market by Application
- Advanced Driver Assistance Systems (ADAS)
- Body Electronics
- Infotainment
Market by Vehicle Type
- Commercial Vehicles
- Passenger Cars
Market by Fitting Type
- Aftermarket Fitting
- OEM Fitting
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 370 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $300.1 Billion |
| Forecasted Market Value (USD) by 2030 | $494.9 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
Companies Profiled
- Aisin Corporation
- Alpine Electronics, Inc.
- Altera Corporation
- Analog Devices, Inc.
- Aptiv PLC
- Atmel Corporation
- Atotech Deutschland GmbH
- Audiovox
- Autoliv, Inc.
- Avago Technologies
- BorgWarner, Inc.
- Broadcom, Inc.
- Continental AG
- Daicel Corp
- Delphi Automotive
- Delta Electronics, Inc.
- Denso Corporation
- Faurecia SA
- Harman International Industries, Inc.
- Hella GmbH & Co. KgaA
- HGM Automotive Electronics
- Hitachi Automotive Systems Ltd.
- Hyundai Mobis Co Ltd.
- Infineon Technologies AG
- Lear Corporation
- Magna International, Inc.
- Marelli Holdings Co Ltd
- Microchip Technology, Inc.
- Mitsubishi Electric Corporation
- NVIDIA Corp
- NXP Semiconductors NV
- Omron Corp
- Panasonic Corp
- Philips NV
- Pioneer Corp
- REDARC Electronics
- Renesas Electronics Corp
- Robert Bosch GmbH
- Sony Corp
- STMicroelectronics NV
- Texas Instruments, Inc.
- Tokai Rika Co Ltd
- Toyoda Gosei Co Ltd
- TRW Automotive
- Valeo SA
- Visteon Corp
- Xilinx, Inc.
- Yazaki Corporation
- ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/r/zbdvop
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