Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Electronics Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Electronics Market Grow Between 2024 and 2025?
The market size of automotive electronics has expanded significantly in recent years. The market valuation which stood at $295.42 billion in 2024 is expected to rise to $315.77 billion in 2025, progressing at a compound annual growth rate (CAGR) of 6.9%.
How Much Will the Automotive Electronics Market Be Worth in 2029?
The Automotive Electronics Global Market Report 2025 projects that by 2029, the market size for automotive electronics will reach $437.84 billion, growing at a compound annual growth rate (CAGR) of 8.5%.
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Which Automotive Electronics Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive electronics market are:
• Growing demand for electric vehicles
• Increasing automobile production
• Rising government support for the sector
• Increasing demand for safety features in automobiles
Which Segments Are Expected to Grow in the Automotive Electronics Market?
The automotive electronics market covered in this report is segmented –
1) By Type: Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, Safety Systems, Other Types
2) By Component: Electronic Control Units, Sensors, Current Carrying Devices, Other Components
3) By Vehicle Type: Light Commercial Vehicles, Passenger Vehicles, Heavy Commercial Vehicles, Other Vehicle Types
4) By Sales Channel: OEM, After market
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What Are The Key Trends Impacting Growth In The Global Automotive Electronics Market?
The key trends in the automotive electronics market are:
• The adoption of artificial intelligence technology is a key emerging trend.
• The launch of advanced power electronics is shaping the future of the market.
• The integration of augmented reality (AR) is emerging as a new trend.
• The introduction of new and innovative products and strategic partnerships to expand product portfolios are influencing the market.
Who Are the Key Competitors in the Global Automotive Electronics Market?
Major players in the automotive electronics market are:
• Denso Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Hitachi Ltd
• Aptiv PLC
• Continental AG
• Infineon Technologies AG
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Texas Instruments
• Delphi Automotive
• Mahindra Electric
• Tata Elxsi
• BYD Auto
• Huawei Technologies
• Tencent Auto
• Baidu
• Contemporary Amperex Technology Co. Limited
• Panasonic Automotive
• Aisin Seiki Co., Ltd
• Sony Corporation
• Pioneer Corporation
• Electro 80
• Autron Automotive Electronics
• REDARC Electronics
• Integrated Micro-Electronics, Inc. (IMI)
• Valeo
• Faurecia
• Actia Group
• Exagan
• Hella GmbH and Co. KGaA
• Brembo
• Marelli Holdings Co., Ltd.
• Renesas Electronics Europe
• Smiths Group
• AVTOVAZ
• Elektrobit (EB) Russia
• Autoliv Romania
• Škoda Auto
• Honeywell Czech Republic
• Metalenz Inc
• Sila Nanotechnologies
• Actnano
• Citrine Informatics
• PreAct Technologies
• Manufacturing Technology, Inc
• Nidec Mobility Brazil Ltda
• Shenzhen Vigreat Electronic Co., Ltd
• Maidstone Auto Electrical
• Sonic Vision Technologies Pty Ltd
Where Is the Automotive Electronics Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the automotive electronics market in 2024
