Global Vehicle Under The Hood Electronic Industry Outlook 2025-2029: Market Set to Cross $52.86 Billion Milestone

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How Large Will the Vehicle Under The Hood Electronic Market Size By 2025?
Strong growth has been observed in the electronic market for in-vehicle components in recent years. Anticipated to rise from $36.99 billion in 2024 to a substantial $39.84 billion in 2025, it reflects a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this historical growth include the escalating demand for fuel-efficient vehicles, stricter automotive safety regulations, a surge in the adoptions of ECUs, enhanced incorporation of electronics in autos, and increased customer inclination towards advanced features.

How Big Is the Vehicle Under The Hood Electronic Market Size Expected to Grow by 2029?
The size of the under-the-hood automotive electronics market is set to experience significant expansion in the coming years. An increase to $52.87 billion is predicted for 2029 with a compound annual growth rate (CAGR) of 7.3%. This anticipated growth during the projection period can be credited to the escalating demand for electric vehicles, the rise in implementation of self-driving technologies, an upsurge in connected vehicle technologies, and the broadening of emission control regulations. Notable trends for this period include advancements in systems controlling batteries, innovations in engine control technologies, the improvement of powertrain electronics, more advanced integration of AI-based controlling systems, and the progression of thermal management solutions.

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Which Key Market Drivers Powering Vehicle Under The Hood Electronic Market Expansion and Growth?
The growth of the under-the-hood electronic market for vehicles is predicted to be accelerated by the mounting usage of electric vehicles (EVs). EVs, vehicles completely or partly driven by electric motors with rechargeable batteries instead of traditional internal combustion engines, are being embraced more due to heightened concerns for the environment and stricter carbon emission rules. These under-the-hood electronics in electric vehicles are crucial as they oversee the power distribution, battery systems, thermal management, and control units, ensuring the vehicle operates safely and efficiently. To illustrate, data from the autonomous intergovernmental organization based in France, the International Energy Agency, indicates that in 2023, electric vehicle sales increased by 3.5 million units from the previous year, resulting in a substantial 35% annual growth. Consequently, the rising popularity of electric vehicles is fueling the growth of the vehicle under-the-hood electronic market.

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Which Fast-Growing Trends Are Poised to Disrupt the Vehicle Under The Hood Electronic Market?
Predominant entities in the vehicle under the hood electronic market are using strategic partnerships as a tool to advance technological integration and broaden market exposure. This approach often implies a cooperative alliance among two or more firms, leveraging their collective resources, skills, and endeavours to accomplish shared targets or goals. To illustrate, Qualcomm Incorporated, an American semiconductor firm, and Robert Bosch GmbH, a German engineering and technology firm, announced a ground-breaking cockpit and Advanced Driver Assistance Systems (ADAS) integration platform together in January 2024. This innovative solution, powered by Qualcomm's Snapdragon Ride Flex SoC, merges formerly separate infotainment and advanced driver assistance features into a singular, software-driven central vehicle computer. The system allows car manufacturers to introduce sophisticated user features including automated parking, lane detection, personalized navigation, voice assistance, and control over multiple displays. Additionally, it simplifies the hardware and reduces costs, catering to everything from entry-level to luxury vehicles.

What Are the Emerging Segments in the Vehicle Under The Hood Electronic Market?
The vehicle under the hood electronic market covered in this report is segmented as

1) By Types: Automotive Under The Hood Control Modules And Electronic Control Units (ECUs), Automotive Under The Hood Sensors
2) By Component: Sensors, Actuators, Control Units, Wiring Harnesses
3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Electric Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Engine Control, Transmission Control, Emission Control, Powertrain Control

Subsegment:
1) By Automotive Under-The-Hood Control Modules and Electronic Control Units (ECUs): Engine Control Unit (ECU), Transmission Control Unit (TCU), Body Control Module (BCM), Powertrain Control Module (PCM), Electronic Brake Control Module (EBCM), Fuel Injection Control Module, Turbocharger Control Module
2) By Automotive Under-The-Hood Sensors: Temperature Sensors, Pressure Sensors, Oxygen (O2) Sensors, Mass Air Flow (MAF) Sensors, Knock Sensors, Camshaft Or Crankshaft Position Sensors, Speed Sensors, Exhaust Gas Recirculation (EGR) Sensors

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Who Are the Global Leaders in the Vehicle Under The Hood Electronic Market?
Major companies operating in the vehicle under the hood electronic market are Robert Bosch GmbH, Panasonic Corporation, ZF Friedrichshafen AG, Denso Corporation, Hyundai Mobis Co. Ltd., Continental Aktiengesellschaft, Thyssenkrupp AG, Mitsubishi Electric Corporation, Honeywell International Inc., Valeo S.A., NXP Semiconductors N.V., JTEKT Corporation, SKF AB, Toyoda Gosei Co. Ltd., ALPS ALPINE Co. Ltd., Joyson Safety Systems Co. Ltd., Tokai Rika Co. Ltd., Nexteer Automotive Group Limited, Johnson Electric Holdings Limited, NSK Ltd.

Which are the Top Profitable Regional Markets for the Vehicle Under The Hood Electronic Industry?
Asia-Pacific was the largest region in the vehicle under the hood electronic market in 2024. The regions covered in vehicle under the hood electronic report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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