We have a flat 20% off on all of our 2025 global market reports. And the coupon code is FY25SAVE
What are the recent trends in market size and growth for the motor vehicle electrical and electronic equipment market?
The motor vehicle electrical and electronic equipment market size has grown rapidly in recent years. It will grow from $206.4 billion in 2024 to $227.13 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to rise of the automobile industry, electrification of vehicle functions, consumer electronics integration, regulatory requirements, advancements in computer technology.
The motor vehicle electrical and electronic equipment market size is expected to see strong growth in the next few years. It will grow to $323.66 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to electric and hybrid vehicle growth, autonomous vehicles, connectivity and iot integration, environmental regulations, electrification of commercial vehicles. Major trends in the forecast period include advanced driver assistance systems (adas), cybersecurity in vehicles, vehicle-to-everything (v2x) communication, electrification of auxiliary systems, user interface and human-machine interaction.
Get Your Free Sample of The Global Motor Vehicle Electrical and Electronic Equipment Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2739&type=smp
How have varous drivers impacted the growth of the motor vehicle electrical and electronic equipment market?
The motor vehicle electrical and electronic equipment market is driven by the increase in the demand for safer vehicles equipped with electrical and electronic safety equipment to minimize the risk of road accidents. The rise in the number of accidents is a result of reckless driving, overspeeding, a decline in following traffic rules, and drunken driving. Electrical and electronic systems such as anti-lock braking systems (ABS) increase the safety of the vehicle by preventing wheels from locking up during a fast-breaking process. For instance, in June 2022, according to the World Health Organization, a US-based specialized health agency, almost 1.3 million people died each year from road traffic injuries. The demand for vehicles that are less prone to accidents has a positive impact on the growth of the motor vehicle electrical and electronic equipment market.
What are the primary segments of the motor vehicle electrical and electronic equipment market?
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
Order your report now for swift delivery
Which firms are leading the motor vehicle electrical and electronic equipment market?
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
How will evolving trends contribute to the growth of the motor vehicle electrical and electronic equipment market?
Motor vehicle electrical and electronic equipment market manufacturers are investing in improving the electronic sensors used in motor vehicles such as cars and trucks to increase visibility and awareness. Some vehicle sensors include 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. Companies involved in the market are now developing sensors to help improve battery life in cars. For instance, in May 2022, Continental AG, a German automotive parts manufacturing company launched new sensors for electric vehicles, the Current Sensor Module (CSM) and Battery Impact Detection (BID). These two solutions are focused on protecting batteries and/or preserving battery parameters. A compact, single-unit CSM measures current independently by integrating both shunt technology and hall technology to support strict functional safety requirements The improvement in sensor technology marks the latest trend among the companies involved in the motor vehicle electrical and equipment market.
What are the key regional dynamics of the motor vehicle electrical and electronic equipment market, and which region leads in market share?
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
What Does The Motor Vehicle Electrical and Electronic Equipment Market Report 2025 Offer?
The motor vehicle electrical and electronic equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Motor vehicle electrical and electronic equipment refers to the systems and components within a vehicle that rely on electrical and electronic technology to function. This equipment is essential for the operation, comfort, safety, and connectivity of modern vehicles, playing a crucial role in both traditional internal combustion engines and electric vehicles.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2739
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
