On-Board Electrical Systems Market was valued at USD 25.3 Billion in 2022 and is projected to reach USD 38.1 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The On-Board Electrical Systems market is critical for various industries that rely on electrical power and control for vehicle operation. The integration of advanced electrical systems in transportation modes has significantly contributed to enhanced vehicle performance, energy efficiency, and safety. From powering on-board electronics to enabling communication systems, these electrical networks are foundational for the modern operation of different vehicles and transport infrastructure. The demand for on-board electrical systems continues to grow with innovations aimed at reducing carbon emissions, improving fuel efficiency, and increasing operational reliability. The market is also shaped by increasing regulations for fuel economy and environmental standards, driving the adoption of more efficient and sustainable systems.
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The on-board electrical systems market for rail vehicles is integral to the overall performance and safety of the modern rail industry. Rail vehicles require robust and efficient electrical systems to power lighting, air conditioning, signaling, and control systems. With rail systems becoming more advanced, there is an increasing demand for systems that ensure energy efficiency while minimizing emissions. Rail companies are investing heavily in innovations that integrate renewable energy sources and reduce the dependency on fossil fuels, which aligns with the global trend towards greener transportation. Electrical systems are also critical in providing smooth communication and operational efficiency, such as ensuring synchronization between signaling systems and control panels. As rail infrastructure continues to modernize, the need for reliable on-board electrical systems has become paramount in ensuring safety, reducing operational downtime, and improving passenger comfort.
The global shift toward electrified rail networks is expected to drive further demand for advanced electrical systems in rail vehicles. As electrification of rail systems increases, it will require complex and highly efficient electrical networks to distribute power to various subsystems while maintaining operational integrity. This trend is being bolstered by the growing emphasis on environmental sustainability, as electric trains are more eco-friendly compared to their diesel counterparts. In addition, innovations like battery storage systems for trains and energy recovery technologies are expected to enhance the appeal of electrical systems, further solidifying their role in rail vehicle applications. As such, the rail vehicle segment is positioned for steady growth, with continued investment in cutting-edge electrical technologies to improve the passenger experience, reduce operating costs, and contribute to the decarbonization of transport networks.
The commercial vehicle segment is rapidly adopting advanced on-board electrical systems as the demand for efficiency, safety, and environmental responsibility increases. These vehicles, which include trucks, buses, and delivery vans, are increasingly powered by sophisticated electrical systems that enable functionalities such as climate control, navigation, telematics, and lighting systems. With the rise of electric commercial vehicles (EVs), the electrical systems market is undergoing significant transformation. Modern electrical systems are designed to reduce weight and improve energy efficiency, directly impacting fuel consumption and operational costs. Additionally, the increasing adoption of autonomous commercial vehicles requires advanced electrical systems to operate sensors, cameras, and artificial intelligence systems that enable these vehicles to function safely and efficiently.
As governments push for stricter emissions regulations, there is a growing focus on reducing the carbon footprint of commercial vehicles. Electrical systems in commercial vehicles are being optimized to support alternative energy sources like electric batteries and hydrogen fuel cells, contributing to cleaner, more sustainable transportation solutions. The integration of electric drivetrains, charging systems, and battery management technologies are expected to expand in commercial vehicles, pushing the boundaries of innovation in the sector. The transition to electric commercial vehicles is expected to continue to grow, driven by policy incentives, lower total cost of ownership, and the increasing availability of charging infrastructure. This creates a huge opportunity for on-board electrical systems manufacturers to innovate and scale up their product offerings to meet the changing demands of the market.
The maritime sector relies heavily on on-board electrical systems to manage operations, improve energy efficiency, and reduce environmental impact. Electrical systems in ships are responsible for powering essential functions such as propulsion, navigation, communication, and safety equipment. The increasing demand for environmentally friendly ships is driving the adoption of electrical technologies that reduce fuel consumption and lower carbon emissions. Electrical systems in modern ships are becoming more integrated, with innovations such as hybrid propulsion systems that combine traditional fuel engines with electric motors to reduce emissions during port calls and optimize fuel efficiency at sea. Furthermore, on-board electrical systems enable the deployment of renewable energy technologies, such as solar panels and wind turbines, to supplement traditional power sources, contributing to greener maritime operations.
The growing focus on sustainability in the maritime industry is fueling demand for on-board electrical systems that can manage alternative energy sources effectively. The international regulations, such as the International Maritime Organization’s (IMO) rules on reducing sulfur emissions, are encouraging the development and integration of cleaner technologies in ships. Electrical systems in ships are also evolving to support increasing automation, advanced sensors, and data analytics, which enhance navigation accuracy and improve operational efficiency. The introduction of autonomous and electric ships, coupled with the global focus on decarbonizing the maritime industry, presents significant opportunities for electrical systems to become more advanced and integrated, marking a key growth area for this market in the coming years.
The on-board electrical systems market in the broader transport industry is growing as transportation networks evolve to meet new challenges related to efficiency, environmental impact, and safety. From aviation to freight transportation, electrical systems are a fundamental part of vehicle operations. In the aviation industry, for instance, electrical systems are responsible for providing power to communication systems, flight control systems, and auxiliary power units. The increasing push for electric and hybrid aircrafts is further accelerating the demand for advanced electrical systems that can handle the high power requirements of electric motors while ensuring safe and efficient operations. Similarly, the road transport industry is seeing a rise in electric vehicles (EVs), which rely on sophisticated electrical systems to power everything from batteries to in-vehicle electronics, all while reducing reliance on fossil fuels.
The transport industry is increasingly focused on integrating green technologies into its electrical systems to reduce its environmental footprint. Innovations such as wireless charging and smart grid systems for electric vehicles are revolutionizing the industry. Moreover, there is significant growth in the electric truck and EV bus sectors, driving further demand for onboard electrical systems that enhance energy efficiency and support alternative power sources. With a continued push for sustainability, the adoption of electric drivetrains, regenerative braking systems, and energy recovery technologies are becoming more widespread, creating opportunities for new developments in electrical systems within the transport sector. This shift will shape the future of transportation, with smarter, more sustainable systems that contribute to the global effort to reduce carbon emissions.
The on-board electrical systems market is undergoing a major transformation driven by advancements in energy efficiency, environmental regulations, and the growing adoption of electric vehicles. A key trend shaping the market is the rise of electrified transportation across various modes, from trains and ships to commercial vehicles. Electrification not only contributes to reducing emissions but also supports the growing demand for more sustainable and energy-efficient systems. Additionally, the shift toward hybrid and fully electric powertrains in the automotive and maritime sectors is creating opportunities for the development of more advanced electrical systems that can support these new technologies.
Another significant trend is the growing focus on the integration of renewable energy sources into on-board electrical systems. Solar panels, wind turbines, and battery storage systems are increasingly being adopted in transportation applications to reduce fuel consumption and support cleaner energy. This presents opportunities for manufacturers to develop innovative solutions that combine traditional electrical systems with renewable technologies to create energy-efficient vehicles and ships. The focus on automation, connectivity, and smart grid technologies is also reshaping the market, as electrical systems need to support the growing complexity of modern transport systems that rely on data, communication, and advanced control systems to operate effectively and efficiently.
What are on-board electrical systems?
On-board electrical systems are used in vehicles to power essential functions, including lighting, air conditioning, navigation, and communication systems.
How are on-board electrical systems evolving in the rail industry?
Rail vehicles are adopting more energy-efficient electrical systems to reduce emissions and improve operational efficiency, particularly with electrification of rail networks.
What role do electrical systems play in commercial vehicles?
Electrical systems in commercial vehicles power essential systems such as navigation, telematics, and climate control, and support electric drivetrains in EVs.
What is the impact of renewable energy on ship electrical systems?
Renewable energy sources like solar and wind are increasingly integrated into ship electrical systems to reduce fuel consumption and lower emissions.
What are the key drivers for the growth of on-board electrical systems in the transport industry?
The key drivers include the rise of electric vehicles, increasing environmental regulations, and the need for smarter, more efficient transport systems.
How does automation affect on-board electrical systems?
Automation requires advanced electrical systems to power sensors, control mechanisms, and data communication for autonomous vehicles.
What are the benefits of hybrid propulsion systems in ships?
Hybrid propulsion systems reduce fuel consumption, minimize emissions, and enhance energy efficiency in maritime operations.
What is the potential of electric commercial vehicles in the market?
The growth of electric commercial vehicles is driven by cost-efficiency, regulatory incentives, and the demand for cleaner transportation solutions.
How are on-board electrical systems contributing to green transport?
On-board electrical systems support alternative energy sources, hybrid powertrains, and energy recovery technologies to reduce the carbon footprint of transport vehicles.
What innovations are expected in the on-board electrical systems market?
Innovations include more efficient electrical power management, integration with renewable energy sources, and systems for electric and autonomous vehicles.
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Siemens
Emerson
Delta (Eltek)
GE
ABB
Jenoptik
Atlas Marine Systems
Thales Group
Lite-On Technology
Acbel Polytech
Salcomp
Fischer Panda
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global On-Board Electrical Systems Market
Rail Vehicles
Commercial Vehicles
Ships
Transport Industry
Based on Types the Market is categorized into Below types that held the largest On-Board Electrical Systems market share In 2023.
On-Board AC Electrical System
On-Board DC Electrical System
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global On-Board Electrical Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global On-Board Electrical Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global On-Board Electrical Systems Market, By Type
6. Global On-Board Electrical Systems Market, By Application
7. Global On-Board Electrical Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global On-Board Electrical Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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