Automotive Electronics Industry Report 2025: $641.7 Bn Market Opportunities, Growth Drivers, Industry Trend Analysis, And Forecasts 2021-2034

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, April 11, 2025 (GLOBE NEWSWIRE) -- The "Automotive Electronics Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.
The Automotive Electronics Market was valued at USD 283.8 billion in 2024, and is projected to reach USD 641.7 billion by 2034, rising at a CAGR of 8.6%

The growth is driven by the increasing adoption of electric vehicles, rising demand for Advanced Driver Assistance Systems (ADAS), and supportive government regulations. As the number of electric vehicles continues to rise, the need for automotive electronics is escalating, especially with the growing trend of connected cars. Modern vehicles integrate complex electronic systems, including anti-lock braking systems (ABS), electronic brakeforce distribution (EBD), and advanced cabin comfort solutions. This evolution presents an opportunity for manufacturers to innovate and enhance electronic components for safer and more efficient vehicles.

Automotive electronics focus on the development of electrical and electronic systems designed to withstand extreme operating conditions. These components are essential for vehicle management, with the Engine Control Unit (ECU) playing a critical role. The automotive sector is transforming as consumers demand ergonomic designs and cutting-edge technology. The shift toward digitalization, artificial intelligence (AI), and Industry 4.0 is reshaping manufacturing processes, improving efficiency, and driving the market forward. The increasing number of vehicles on the road amplifies demand for electronic components that enhance safety and driving experiences.
Based on vehicle type, the market is segmented into two-wheelers, three-wheelers, passenger cars, and commercial vehicles. The passenger car segment was valued at USD 200 billion in 2024 and is the fastest-growing category, with a CAGR of 9.4%. The rising number of passenger cars on the road is creating opportunities for automotive electronics manufacturers to develop advanced systems that provide enhanced driving experiences and improved engine management.

The light commercial vehicle (LCV) segment was valued at USD 24.8 billion in 2024, with increasing adoption in the electric vehicle sector. In 2023, electric LCV sales grew by 4%, reflecting the rising demand for electronic components in these vehicles. The two-wheeler segment accounted for USD 16.3 billion in 2024, driven by the growing need for connected experiences among riders. Companies are introducing advanced platforms with high-resolution displays, enhanced connectivity features, and customizable interfaces to meet consumer demand.
The market is also segmented by point of sale, including original equipment manufacturers (OEMs) and the aftermarket. OEMs dominated the market with a 77.7% share in 2024, leveraging opportunities to develop and integrate electronic systems during vehicle production. Consumers are increasingly inclined to upgrade their vehicles, further fueling the growth of the aftermarket segment. The expansion of connected car technology has led OEMs to develop mobile applications that allow users to remotely monitor and control vehicle functions.
Application-wise, the market includes ADAS, body electronics, infotainment and communication, powertrain, and safety systems. ADAS is the fastest-growing segment, projected to expand at a CAGR of 9.9% from 2025 to 2034, driven by advancements in image processing and object recognition. The Asia-Pacific region is expected to reach USD 301.8 billion by 2034, with a strong emphasis on electric mobility and sustainability. Leading companies are actively investing in automotive electronics to capitalize on emerging opportunities in this dynamic market.
Comprehensive Market Analysis and Forecast

• Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
• Competitive landscape with Porter's Five Forces and PESTEL analysis
• Market size, segmentation, and regional forecasts
• In-depth company profiles, business strategies, financial insights, and SWOT analysis

Key Attributes:

Report Attribute	Details
No. of Pages	180
Forecast Period	2024 - 2034
Estimated Market Value (USD) in 2024	$283.8 Billion
Forecasted Market Value (USD) by 2034	$641.7 Billion
Compound Annual Growth Rate	8.6%
Regions Covered	Global

Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Market scope and definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growing number of electric cars
3.2.1.2 Integration of AI and Augmented Reality (AR) in the automobile
3.2.1.3 Rising autonomous technologies
3.2.1.4 Increasing focus towards sustainability practices
3.2.2 Industry pitfalls and challenges
3.2.2.1 High cost associated with C-arm machines
3.2.2.2 Dearth of skilled healthcare professionals
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technology landscape
3.6 Future market trends
3.7 Gap analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Market Estimates and Forecast, by Vehicle Type, 2021-2034 ($ Mn)
5.1 Key trends
5.2 Two wheeler
5.3 Three wheeler
5.4 Passenger car
5.5 Commercial vehicle
5.5.1 Light commercial vehicle
5.5.2 Heavy commercial vehicle
Chapter 6 Market Estimates and Forecast, by Point of Sale, 2021-2034 ($ Mn)
6.1 Key trends
6.2 Original Equipment Manufacturer (OEM)
6.3 Aftermarket
Chapter 7 Market Estimates and Forecast, by Application, 2021-2034 ($ Mn)
7.1 Key trends
7.2 Advanced Driver Assistance Systems (ADAS)
7.2.1 Adaptive cruise control
7.2.2 Blind spot detection
7.2.3 Parking assistance
7.2.4 Automated emergency braking
7.2.5 Night vision
7.2.6 Lane department warning
7.3 Body electronics
7.4 Infotainment & communication
7.4.1 Audio
7.4.2 Display
7.4.3 Navigation
7.4.4 Head-up display
7.4.5 Communication
7.5 Powertrain
7.5.1 Engine controllers
7.5.2 Transmission drivetrains
7.5.3 Exhaust
7.5.4 xEV
7.6 Safety Systems
Chapter 8 Market Estimates and Forecast, by Region, 2021-2034 ($ Mn)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.3.6 Netherlands
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 Middle East and Africa
8.6.1 Saudi Arabia
8.6.2 South Africa
8.6.3 UAE
Chapter 9 Company Profiles
9.1 Aisin Corporation
9.2 Altera Corporation
9.3 American Axle & Manufacturing, Inc.
9.4 Atmel Corporation
9.5 Autoliv, Inc.
9.6 Bosch Group
9.7 Broadcom, Inc.
9.8 Continental AG
9.9 Delphi Technologies
9.10 Denso Corporation
9.11 Faurecia
9.12 Hitachi Automotive Systems, Ltd.
9.13 Hyundai Mobis
9.14 Infineon Technologies
9.15 Lear Corporation
9.16 Magna International, Inc.
9.17 Panasonic Corporation
9.18 Texas Instruments Incorporated
9.19 The Dow Chemical Company
9.20 VALEO
9.21 Voxx International Corporation
9.22 ZF Friedrichshafen AG

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• Automotive Electronics Market

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