The electrification of automobiles and the rapid integration of sophisticated electronic systems in modern vehicles are fundamentally changing how the automotive supply chain functions. Amid this transformation, the automotive multilayer varistor market has emerged as a critical segment supporting robust circuit protection in vehicle electronics.
Multilayer varistors (MLVs) are ceramic components designed to protect automotive electrical circuits against surges, voltage transients, and electrostatic discharge (ESD). As automotive architecture evolves to accommodate advanced driver-assistance systems (ADAS), infotainment units, connectivity modules, electric drivetrains, and sensors, the need for compact, highly efficient, and durable varistors has intensified.
Automotive Multilayer Varistor Market Outlook 2035
The global industry was valued at US$ 91.1 Mn in 2024.
It is estimated to grow at a CAGR of 7.7% from 2025 to 2035 and reach US$ 212.1 Mn by the end of 2035.
This projected growth reflects the expanding application of multilayer varistors across automotive segments such as powertrains, body electronics, infotainment, and ADAS. In particular, EVs and connected vehicles are set to contribute significantly to market expansion over the next decade.
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