Press release
Automotive Electronics Industry Set to Achieve $437.84 Billion Milestone by 2029 | Steady 8.5% CAGR
Automotive Electronics
What Is the Long-Term Growth Forecast for the Automotive Electronics Market Size 2025?
The market size of automotive electronics has seen a robust growth in the past few years. The market which was worth $295.42 billion in 2024 is projected to reach $315.77 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.9%. The uptick in the historic period is due to robust economic expansion in developing markets, hike in demand for commercial and passenger vehicles, and a surge in disposable income.
What CAGR is Forecasted for the Automotive Electronics Market Through 2029?
In the upcoming years, the automotive electronics market is anticipated to witness robust growth. The projection is that the market will climb to a whopping $437.84 billion in 2029, with a compound annual growth rate (CAGR) of 8.5%. This growth during the forecasted period is due to various factors including rising interest in electric vehicles, an increase in car manufacturing, enhanced government support, and a growing demand for safety features in vehicles. Notable market trends expected during this period encompass the deployment of artificial intelligence technology, the introduction of sophisticated power electronics, implementation of augmented reality (AR), innovative product launches, and strategic business partnerships and collaborations to broaden their product collection and boost revenue.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-electronics-global-market-report
What Are the Critical Factors Driving Automotive Electronics Market Development?
The surge in electric vehicle adoption is anticipated to boost the automotive electronics market's expansion. Electric vehicles, equipped with motors powered by electricity from batteries, are increasingly favored due to their efficiency in combating COVID-19 and their contributions to achieving net-zero emissions. These vehicles widely use automotive electronics, particularly in the execution of the electric powertrain system that delivers high power. Highlighting this trend, a report by The U.S. Energy Information Administration (EIA) in August 2024 revealed that combined U.S. sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) leapt from accounting for 17.8% of all new light-duty vehicle (LDV) sales in Q1 2024 to 18.7% in Q2 2024. Hence, the escalating adoption of electric vehicles is fueling the growth of the automotive electronics market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8831&type=smp
How Does the Automotive Electronics Market Break Down Across Major Segments?
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
Subsegments:
1) By Advanced Driver Assistance Systems (ADAS): Adaptive Cruise Control, Lane Departure Warning, Collision Avoidance Systems
2) By Body Electronics: Power Window Systems, Central Locking Systems, Lighting Control Systems
3) By Entertainment: Infotainment Systems, Audio Systems, Navigation Systems
4) By Powertrain: Engine Control Units (ECUs), Transmission Control Units, Hybrid And Electric Powertrain Systems
5) By Safety Systems: Airbag Control Systems, Electronic Stability Control, Traction Control Systems
6) By Other Types: Telematics Systems, Battery Management Systems, HVAC Control Systems
What Are the Major Trends Transforming the Automotive Electronics Industry?
Leading firms in the automotive electronics market are prioritizing the production of electronic elements, such as high-amperage surface-mount fuses, to improve reliability and safety of automotive and industrial electronic systems. High-amperage surface-mount fuses are small-sized electrical components built to safeguard circuits by accommodating high current ratings and avoiding overloads and short circuits. For example, in October 2023, Littelfuse, an American-based company that manufactures circuit protection and electronic components, introduced the Ultra-High Amperage SMD Fuse Series. This series is created specifically for circuit protection in numerous applications, most notably automotive and industrial electronics. The fuses in this series are noted for their capacity to carry high current ratings while maintaining a compact surface-mount structure. They increase reliability and safety in electronic systems by inhibiting overloads and short circuits. Moreover, these fuses have a low profile and are appropriate for high-density uses, which makes them perfect for modern electronic equipment.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=8831&type=smp
Which Players Are Driving Innovation in the Automotive Electronics Market?
Major companies operating in the automotive electronics market include 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 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
Which Regions Are Driving Global Automotive Electronics Market Expansion?
Asia-Pacific was the largest region in the automotive electronics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Electronics Industry Set to Achieve $437.84 Billion Milestone by 2029 | Steady 8.5% CAGR here
News-ID: 4173421 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Electro
Electro-mechanical Brake Market
Electro-mechanical Brake Market Overview
Electro-Mechanical Brake, also called electro-mechanical brake is a mechanical part that stops or decelerates moving parts in a machine. The brake is mainly composed of a brake frame, brake parts and a control device. Some brakes are also equipped with an automatic adjustment of the brake clearance. In order to reduce the braking torque and structure size, the brake is usually installed on the high-speed shaft of…
Key Trends Shaping the Future Electro Optical Systems Market From 2025-2034: Inn …
"What Is the Estimated Market Size and Growth Rate for the Electro Optical Systems Market?
The electro optical systems market will grow from $14.08 billion in 2024 to $14.72 billion in 2025, at a CAGR of 4.6%. This growth is attributed to military modernization programs, the expansion of commercial applications, increased security concerns, and automotive safety demand.
The electro optical systems market will grow to $18.6 billion by 2029 at a CAGR…
Electro-medical and Electrotherapeutic Apparatus Market Report 2024 - Electro-me …
"The Business Research Company recently released a comprehensive report on the Global Electro-medical and Electrotherapeutic Apparatus Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The electro-medical…
Global Dry Magnetic Separator Market Forecast 2018-2025 Jupiter Magnetics, ELECT …
Market study on Global Dry Magnetic Separator 2018 Research Report presents a professional and complete analysis of Global Dry Magnetic Separator Market on the current market situation.
Report provides a general overview of the Dry Magnetic Separator industry 2018 including definitions, classifications, Dry Magnetic Separator market analysis, a wide range of applications and Dry Magnetic Separator industry chain structure. The 2018's report on Dry Magnetic Separator industry offers the global…
Evolutive Electro New EDM Album
EVE Michelson, also quite well known in Europe under the name of "No Name" was born in Agen, France, & is a French songwriter-composer-interpreter. She is not a DJ, all her sets are a Live. In the Summer of 2018 she has released her new 12 song Album called "Evolutive Electro."
While still at college, she began composing at the age of 13, before leaving the school to devote…
Global Umbilical Market: By Type- Hydraulic, Electro Hydraulic, Electro-Fiber Op …
Latest industry research report on: Global Umbilical Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Increasing concern towards declining crude oil prices coupled with the restoration of mature fields and exploring deep sea oil and gas reservoirs drive the growth of Umbilical Market.
Request For Sample Report @ http://www.marketresearchreports.biz/sample/sample/717439
The Global Umbilical Market in Oil and Gas Industry has been growing at a positive rate, on account…
