Automotive Powertrain Electronics Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Automotive Powertrain Electronics Market in 2025 is assessed at USD 69.19 billion. The global market size was valued at more than USD 64.88 billion in 2024 and is expected to register a CAGR of over 8.3%, exceeding USD 182.93 billion revenue by 2037. Asia Pacific is projected to climb to USD 73.17 billion by 2037, due to the growing demand for EV batteries and powertrain electronics.
The reason behind the growth is impelled by surge in the demand for automotive electronic components. The demand from consumers for high-end, technologically advanced vehicles with integration and implementation of current safety technologies such as automated airbags, parking assistance systems, and emergency braking, is expected to drive market growth.For instance, electronics are projected to account for about 50% of the cost of the new car by 2030.
The growing vehicle fleet is believed to fuel the demand for automotive powertrain electronics with research and custom development of advanced electronics used in automobiles to improve its overall performance and longevity.For instance, it was found that the Indian auto industry produced a total of 22,933,000 vehicles in the financial year 2020.
