Automotive Electronics Market to Reach US$ 548.36 Billion by 2032 | CAGR 9.10% | Asia-Pacific Leads with 45% | Key Players: Geotab, MiX Electronics, Verizon Connect, Teletrac Navman, Omnitracs

Automotive Electronics Market Overview

The Global Automotive Electronics Market was valued at US$ 273.19 billion in 2024 and is projected to double to US$ 548.36 billion by 2032, growing at a CAGR of 9.10% during the forecast period (2025-2032). This growth is primarily driven by the proliferation of advanced driver-assistance systems (ADAS), infotainment technologies, electric vehicle (EV) control units, and the increasing integration of semiconductors in modern vehicles. Automotive electronics have become a central component of next-generation vehicles, enabling automation, connectivity, electrification, and enhanced safety features.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):-https://www.datamintelligence.com/download-sample/automotive-electronics-market?Juli

The transition toward alternative drive systems and autonomous driving technologies has significantly increased vehicle electrical power requirements, particularly for safety, comfort, and performance systems. Electrification is emerging as a key enabler of sustainability, helping reduce CO2 emissions while enhancing energy efficiency. This shift requires a robust charging infrastructure, grid modernization, and the deployment of smart energy management solutions such as energy storage systems to ensure reliable power delivery. Aligned with the Net Zero Emissions by 2050 Scenario, global electric car adoption is accelerating rapidly. By 2031, the electric car fleet is projected to surpass 300 million units, representing 60% of new car sales, with annual growth rates exceeding 6%. In 2021, investment in vehicle electrification accounted for more than 65% of total transport sector end-use investments, which further rose to over 74% in 2022, according to the International Energy Agency (IEA).

Recent Developments:

✅ January 2026: A leading global automotive electronics manufacturer introduced a next-generation centralized computing architecture designed for electric and autonomous vehicles, enabling faster data processing and seamless software updates.

✅ November 2025: A major European automaker partnered with a semiconductor company to co-develop advanced driver-assistance and infotainment systems, integrating AI-based sensors and chipsets for improved safety and user experience.

✅ September 2025: A top-tier automotive electronics supplier launched solid-state battery management electronics for electric vehicles, extending battery life and optimizing energy distribution.

✅ June 2025: A U.S.-based automotive electronics firm unveiled a vehicle-to-everything (V2X) communication platform, enhancing connected vehicle ecosystems and supporting autonomous driving capabilities.

✅ March 2025: Several global automakers collaborated on standardizing automotive software platforms to accelerate digital cockpit and over-the-air (OTA) system integration across multiple vehicle segments.

Mergers & Acquisitions:

✅ January 2026: A major global automotive technology company acquired a semiconductor design firm specializing in AI-based chips, enhancing its capabilities in autonomous driving and predictive vehicle analytics.

✅ October 2025: A leading European automotive electronics supplier completed the acquisition of a software-defined vehicle platform developer, expanding its connected vehicle and in-car digital services portfolio.

✅ August 2025: An Asian automotive electronics manufacturer acquired a battery management system (BMS) technology company, strengthening its EV electronics and energy optimization solutions.

✅ May 2025: A U.S.-based tier-1 supplier merged with a sensor and radar technology company, enabling the development of next-generation ADAS components for electric and autonomous vehicles.

✅ March 2025: Two major automotive electronics firms entered into a strategic merger to form a unified entity focused on vehicle cybersecurity, infotainment systems, and embedded software integration.

Buy Now & Unlock 360° Market Intelligence:-https://www.datamintelligence.com/buy-now-page?report=automotive-electronics-market?Juli

Key Players:

Geotab Inc. - Holds approximately 13% share, driven by its advanced telematics and fleet management solutions, leveraging IoT and data analytics for vehicle connectivity and performance optimization.

MiX Electronics - Accounts for around 11%, offering intelligent vehicle tracking, driver safety systems, and analytics platforms for commercial and industrial fleets.

Verizon Connect - Represents 10%, supported by its strong presence in connected vehicle services and real-time fleet data monitoring across global markets.

Teletrac Navman - Holds 9%, focusing on cloud-based telematics, driver behavior monitoring, and fuel optimization technologies for both light and heavy commercial vehicles.

Omnitracs LLC - Accounts for 9%, providing integrated logistics management and smart vehicle communication systems that enhance fleet efficiency and compliance.

CalAmp - Represents 8%, offering end-to-end connected intelligence solutions including vehicle tracking, telematics devices, and advanced IoT applications.

Samsara Inc. - Holds approximately 8%, known for its AI-powered fleet management and telematics systems that provide predictive insights and automation for connected vehicles.

TomTom N.V. - Accounts for 7%, specializing in navigation and digital mapping technologies that support autonomous and ADAS applications in connected vehicles.

Trimble Inc. - Holds 7%, focusing on integrated vehicle electronics, telematics, and precision positioning systems that enhance logistics and asset tracking.

Fleet Complete - Represents 6%, delivering connected vehicle and asset management solutions to improve operational visibility and fleet safety for enterprises.

Market Segmentation:

By Type, driver assistance systems (ADAS) lead the market with approximately 24% share, driven by increasing adoption of safety technologies such as collision avoidance, adaptive cruise control, and lane-keeping assistance. Entertainment systems account for around 20%, supported by the growing demand for infotainment, digital cockpits, and connectivity solutions. Engine electronics represent 18%, primarily used for optimizing engine performance and emission control, while transmission electronics hold about 12%, enhancing power efficiency and driving comfort. Chassis electronics contribute 10%, focusing on stability, braking, and suspension management. Meanwhile, electronic and integrated cockpit systems collectively hold around 16%, reflecting the shift toward software-defined, intelligent vehicle platforms.

By End-User, automotive manufacturers (OEMs) dominate with approximately 55% share, driven by the integration of electronics into vehicle design, safety, and infotainment systems. Fleet operators account for 20%, adopting advanced telematics and monitoring systems for logistics and operational efficiency. Government and public transportation agencies represent 15%, emphasizing smart mobility and vehicle tracking solutions for public infrastructure. Electronics manufacturers make up the remaining 10%, supplying key components, semiconductors, and modules for vehicle integration.

Speak to Our Analyst and Get Customization in the report as per your requirements:-https://www.datamintelligence.com/customize/automotive-electronics-market?Juli

Regional Insights:

Asia-Pacific dominates the market with an estimated 45% share, led by major automotive hubs such as China, Japan, South Korea, and India. The region's strong manufacturing base, expanding electric vehicle (EV) ecosystem, and government initiatives promoting clean mobility are accelerating demand for advanced automotive electronics. China remains the largest contributor, driven by large-scale EV production and smart vehicle infrastructure development.

North America holds around 25% of the global market, supported by high investments in autonomous driving technologies, connected vehicle platforms, and semiconductor integration. The U.S. leads the region, with strong participation from technology giants and automakers focusing on digital cockpit systems, ADAS, and vehicle-to-everything (V2X) communication.

Europe accounts for approximately 20%, driven by strict emission regulations, growing adoption of EVs, and premium vehicle demand incorporating sophisticated electronics. Germany, France, and the U.K. are key contributors, emphasizing innovation in power electronics, safety systems, and electrified drivetrains.

Market Dynamics:

Growth in Software and Electrical Components
The convergence of autonomous driving, connected vehicles, electrified powertrains, and shared mobility collectively known as the ACES trends is fundamentally transforming the automotive electronics industry. These interlinked trends are driving significant innovation and disruption across the entire value chain, reshaping how vehicles are designed, manufactured, and operated.

A key outcome of this transformation is the rapid expansion of the automotive software and electrical/electronic (E/E) components market. According to industry analysis, the global automotive software and E/E segment is projected to grow at a CAGR of 7%, increasing from US$ 238 billion in 2020 to US$ 469 billion by 2031. In contrast, the overall automotive market is expected to grow at a modest 3% CAGR during the same period, indicating that software and E/E components are becoming the primary drivers of growth and innovation within the industry.

Evolving Automotive Industry
The growing integration of advanced electronics enables the development of autonomous driving systems, connected vehicle networks, electrified powertrains, and new mobility services. Consequently, automakers are shifting their strategic focus toward electronics and software as core enablers of future competitiveness.

This shift has led to a surge in collaborations, joint ventures, and strategic partnerships between traditional automotive manufacturers and leading technology companies. These partnerships focus on areas such as embedded software, connectivity platforms, semiconductors, and cloud-based mobility solutions, enabling automakers to accelerate innovation and adapt to the evolving demands of digital transformation in the automotive sector.

Complex Automotive Electronics Systems in Modern Vehicles
The rising complexity of modern vehicles, especially premium-class models, is largely attributed to the expanding functionality of automotive electronics systems. Enhanced infotainment, driver assistance, and connectivity applications have increased the number and sophistication of onboard electronic control units (ECUs).

📌 Request for 2 Days FREE Trial Access: https://www.datamintelligence.com/reports-subscription

☛ Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape

✅ Sustainability Impact Analysis

✅ KOL / Stakeholder Insights

✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots

✅ Market Volatility & Emerging Risks Analysis

✅ Quarterly Industry Report Updated

✅ Live Market & Pricing Trends

✅ Import-Export Data Monitoring

☛ Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?Juli

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.