“Surging Demand for Lightweight, Sustainable, and Connected Components”
- A prominent and rapidly accelerating trend in the global auto parts market is the growing emphasis on lightweight materials, eco-friendly components, and connected automotive technologies aimed at improving fuel efficiency, reducing emissions, and enhancing vehicle safety. Automakers and suppliers are focusing on advanced materials such as aluminum, carbon fiber composites, and high-strength steel to reduce vehicle weight without compromising durability
- For instance, in February 2024, BASF SE introduced a new range of lightweight thermoplastic composites for structural auto parts, contributing to significant weight reduction and improved energy efficiency, particularly in electric vehicles (EVs)
- In parallel, connected and smart auto parts such as advanced driver-assistance systems (ADAS), sensors, and telematics modules are transforming vehicle functionality, offering real-time data, predictive maintenance, and improved safety features. Automakers are integrating IoT and AI-driven technologies across critical components to meet evolving consumer expectations for connectivity and autonomous capabilities
- The shift towards electric mobility and stricter global emission regulations are driving increased adoption of lightweight and sustainable materials, enhancing overall vehicle performance and reducing carbon footprints
- Leading players such as DENSO CORPORATION and Continental AG are heavily investing in developing intelligent, lightweight, and environmentally friendly auto parts to align with future mobility trends
- This market trend is expected to reshape the automotive landscape by delivering more sustainable, efficient, and technologically advanced vehicles, reinforcing the strategic importance of innovative auto parts in achieving global decarbonization goals
