Rising Road Accidents Drive Demand For Enhanced Motor Vehicle Electrical And Electronic Components: A Key Catalyst Accelerating Motor Vehicle Electrical and Electronic Equipment Market Growth in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Motor Vehicle Electrical and Electronic Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the motor vehicle electrical and electronic equipment market has experienced accelerated growth. The market, which stood at $206.4 billion in 2024, is anticipated to expand to $227.13 billion by 2025, boasting a compound annual growth rate (CAGR) of 10.0%. Factors such as the surge of the automobile industry, the electrification of vehicle functions, the integration of consumer electronics, compliance with regulatory norms, and developments in computer technology have all played crucial roles in the market growth observed during the historical period.

Motor Vehicle Electrical and Electronic Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market for electrical and electronic equipment in motor vehicles is predicted to witness robust expansion in the upcoming years. The market is projected to reach $323.66 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.3%. Factors such as the increase in electric and hybrid vehicles, advent of autonomous vehicles, integration of connectivity and IoT, environmental regulations, and commercial vehicle electrification are expected to propel this growth during the forecast period. The period is also expected to see prevalent trends such as the advent of Advanced Driver Assistance Systems (ADAS), incorporation of cybersecurity in vehicles, Vehicle-to-Everything (V2X) communication, auxiliary systems electrification, and enhancements in user interfaces and human-machine interactions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/motor-vehicle-electrical-and-electronic-equipment-global-market-report

What Are the Drivers Transforming the Motor Vehicle Electrical and Electronic Equipment Market?
The surge in demand for safer vehicles equipped with electrical and electronic safety equipment facilitates the growth of the motor vehicle electrical and electronic equipment market, due to their potential to reduce the probability of road accidents. Factors such as reckless driving, overspeeding, disregarding traffic rules, and driving under the influence contribute to the escalating number of accidents. Systems like anti-lock braking systems (ABS) are instrumental in enhancing vehicle safety, as they prevent wheel lock-ups during rapid braking. For example, the World Health Organization, a US-based specialized health agency, stated in June 2022 that nearly 1.3 million individuals lose their lives yearly due to road traffic injuries. Accordingly, the inclination for vehicles less susceptible to accidents bolsters the expansion of the motor vehicle electrical and electronic equipment market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2739&type=smp

What Long-Term Trends Will Define the Future of the Motor Vehicle Electrical and Electronic Equipment Market?
Manufacturers within the motor vehicle electrical and electronic equipment market are enhancing the electronic sensors in motor vehicles such as trucks and cars to heighten visibility and alertness. These include sensors for ambient light, battery current, differential oil temperature, door open warning, anti-lock braking system (ABS), auto door lock position, battery temperature, and brake power booster. The enterprises involved in this market are now designing sensors to enhance battery lifespan in automobiles. In May 2022, Continental AG, a German company that manufacturers automotive parts, unveiled new sensors for electric vehicles - the Current Sensor Module (CSM) and Battery Impact Detection (BID). The focus of these two solutions is to safeguard batteries or maintain battery parameters. The CSM, a compact, standalone unit, measures current independently by combining both shunt technology and hall technology to meet stringent functional safety needs. This evolution in sensor technology represents the newest trend amongst firms involved in the motor vehicle electrical and equipment market.

Which Segments in the Motor Vehicle Electrical and Electronic Equipment Market Offer the Most Profit Potential?
The motor vehicle electrical and electronic equipment market covered in this report is segmented -

1) By Product Type: Lighting Equipment, Automatic Voltage And Voltage-Current Regulators, Insulated Ignition Wiring Sets, Generators For Internal Combustion Engines, Spark Plugs For Internal Combustion, Other Product Types
2) By Vehicle Type: Two-Wheelers, Passenger Cars, Commercial Vehicles
3) By Vehicle Class: Mid-Priced, Luxury

Subsegments:
1) By Lighting Equipment: Headlights, Taillights, Turn Signal Lights, Interior Lighting, Other Vehicle Lighting Equipment
2) By Automatic Voltage And Voltage-Current Regulators: Alternator Voltage Regulators, Battery Voltage Regulators, Other Voltage Regulators
3) By Insulated Ignition Wiring Sets: Ignition Cables, Ignition Wire Sets, Other Ignition Wiring Products
4) By Generators For Internal Combustion Engines: Alternators, DC Generators, Other Generators For IC Engines
5) By Spark Plugs For Internal Combustion Engines: Copper Spark Plugs, Platinum Spark Plugs, Iridium Spark Plugs, Other Spark Plugs
6) By Other Product Types: Wiring Harnesses, Sensors, Electric Vehicle Charging Equipment, Other Electrical And Electronic Components

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2739&type=smp

Which Firms Dominate the Motor Vehicle Electrical and Electronic Equipment Market by Market Share and Revenue in 2025?
Major companies operating in the motor vehicle electrical and electronic equipment market include Bosch Limited, General Motors Corporation, Tenneco Inc., DENSO Manufacturing Tennessee Inc., Delphi Technologies Inc., Hyundai Motor Company, Hella GmbH & Co. KGaA, Technitrol Delaware Inc., Ford Motor Company, Honeywell International Inc., Mars Incorporated, Raytheon Technologies Corporation, ZF Friedrichshafen AG, ITT Inc., Textron Inc., Cummins Inc., Infineon Technologies AG, Hitachi Ltd., HGM Automotive Electronics, Delta Electronics, Atotech Deutschland GmbH & Co. KG, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive Group Limited, thyssenkrupp AG, Magna International Inc., Aisin Seiki Co. Ltd., Continental Automotive Systems Inc., Asama Coldwater Manufacturing Inc., Global Steering Systems LLC, Maval Industries LLC, American Showa Inc., Atsco Remanufacturing Inc., KYB Americas Corporation, Raytech Powertrain LLC

Which Regions Offer the Highest Growth Potential in the Motor Vehicle Electrical and Electronic Equipment Market?
Asia-Pacific was the largest region in the motor vehicle electrical and electronic equipment market in 2023. Western Europe was the second largest region in the motor vehicle electrical and electronic equipment market. The regions covered in the motor vehicle electrical and electronic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2739

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.