Base Year
Historical Year
Forecast Year
The global automotive powertrain electronics market is estimated to grow at a CAGR of 7.00% in the forecast period of 2024-2032.
| Global Automotive Powertrain Electronics Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.00% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 8.6% |
| CAGR 2024-2032 - Market by Country | India | 9.4% |
| CAGR 2024-2032 - Market by Country | China | 8.4% |
| CAGR 2024-2032 - Market by Component Type | Engine | 8.0% |
| CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 7.9% |
| Market Share by Country 2023 | China | 29.7% |
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The growing demand for passenger cars owing to the economic improvement and inflating disposable income of the customers is driving the market growth of powertrain electronics. In addition, the application of powertrain electronics in providing higher performance, added convenience, and greater safety for passenger cars is contributing to the steady growth of the market. Moreover, the powertrain electronics help control motor speed and torque, reduce energy consumption in air conditioning systems and carbon emissions, thereby bolstering the market growth. Further, the powertrain development projects, and the unique spectrum of services provided by the leading key players are expected to fuel the market in the forecast period.
The rising environmental regulations and programmes regarding clean energy in the automotive sector are augmenting the market growth of automotive powertrain electronics in the European region. In addition, the growing presence of leading automotive manufacturers is significantly catalysing the market growth of automotive powertrain electronics.
The Asia Pacific region is also witnessing an incremental development in the market for automotive powertrain electronics because of the increasing vehicle production in countries like India, Japan, and China. In addition, the expanding population, and their demands for luxury cars with ADAS and advanced infotainment systems are projected to aid the market in the coming years.
Automotive powertrain electronics is an integral part of a vehicle that generates the power required to move the vehicle. It includes engine, axle, driveshaft, and transmission, among others. The electronic system is essential as it enables smooth steering, excellent body control, acceleration, and enhance safe driving.
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The market for automotive powertrain electronics, by device type, is divided into:
Based on component type, the market is segmented into:
| CAGR 2024-2032 - Market by | Component Type |
| Engine | 8.0% |
| Transmission | 7.5% |
| Steering | 7.2% |
| Chassis | XX% |
| Front/ Rear Axle | XX% |
| Interior Trim | XX% |
On the basis of vehicle type, the market is classified into:
| CAGR 2024-2032 - Market by | Vehicle Type |
| Passenger Cars | 7.9% |
| Commercial Vehicles | XX% |
The regional markets for automotive powertrain electronics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 8.6% |
| Middle East and Africa | 7.6% |
| North America | XX% |
| Europe | XX% |
| Latin America | XX% |
| CAGR 2024-2032 - Market by | Country |
| India | 9.4% |
| China | 8.4% |
| Mexico | 6.5% |
| Australia | 6.2% |
| USA | 6.1% |
| Canada | XX% |
| UK | 5.8% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Germany | 5.6% |
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The growing adoption of electric vehicles owing to rapid urbanisation and the inclination towards advanced safety features for a better experience is significantly catalysing the market for automotive powertrain electronics. In addition, the increasing sales and production of vehicles with advanced technologies and safety measures that provide a better driving experience to the customers is also propelling the market growth of automotive powertrain electronics. Also, the rising inclination of customers towards powertrain electronics because of its ability to reduce fuel consumption, thus offering a cost-effective solution, is further propelling the market development.
Moreover, the stringent government regulations and the efforts taken by the environmental agencies to reduce emission levels through the electrification of powertrains for the eco-friendly transport sector is also leading to the market expansion of automotive powertrain electronics. Further, the investments made by industry players to introduce efficiency-enhancing innovations in powertrain components such as power modules, powertrain microcontrollers, and motor inverters are expected to augment the market for automotive powertrain electronics in the forecast period.
| 2023 Market Share by | Country |
| China | 29.7% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The report gives a detailed analysis of the following key players in the global automotive powertrain electronics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Device Type |
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| Breakup by Component Type |
|
| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 7.00% between 2024 and 2032.
The major industry drivers are increasing sales and production of vehicles, rising demand for vehicles with advanced technologies and safety features, higher performance, added convenience, and greater safety provided by powertrain electronics.
The key trends guiding the growth of the market include growing adoption of electric vehicles, the stringent government regulations to curb carbon emissions, and the investments made by industry players to introduce efficiency-enhancing innovations in powertrain components.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major device types in the market are power IC, module and discrete.
The different component types in the industry are engine, chassis, transmission, steering, front/ rear axle, and interior trim, among others.
The significant market divisions, based on vehicle type, include passenger cars and commercial vehicles.
The major players in the industry are Infineon Technologies AG, Texas Instruments Incorporated, Renesas Electronics Corporation, NXP Semiconductors N.V., STMicroelectronics International N.V., Robert Bosch GmbH, and Mitsubishi Electric Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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