# Automotive market sector projections

> Live situation record from CLSTR: https://clstr.news/situations/automotive-market-sector-projections
> Updated: 2026-10-26T00:00:03.000Z. Sources: 3. Developments: 2.

The provided data outlines growth projections for two distinct segments of the automotive industry. 

The software-related sector, specifically the Software Bill of Materials (SBOM) market, is projected to expand from $440 million in 2026 to $1.8 billion by 2034. This growth is attributed to the rise of software-defined vehicles and increasing cybersecurity regulations. China and the United States are expected to hold significant portions of this market.

Separately, the automotive bearing aftermarket is expected to grow from $54.91 billion in 2025 to $73.78 billion by 2032. This trend is driven by increasing vehicle ages and maintenance needs. North America is projected to remain the largest market, while China is expected to see the most significant growth in this segment.

## Timeline

### 2026-10-26: Automotive aftermarket market projected to reach $73.78 billion by 2032

The global automotive bearing aftermarket is forecast to grow to $73.78 billion by 2032, driven by long vehicle ownership and rising repair demand.

2 sources. https://clstr.news/cluster/automotive-aftermarket-market-projected-to-reach-7378-billion-by-2032

### 2026-10-02: Automotive SBOM market projected to reach $1.8 billion by 2034

The automotive SBOM market is projected to reach $1.8 billion by 2034, driven by cybersecurity needs and software-defined vehicles. SBOMs provide critical component inventories for supply chain security.

2 sources. https://clstr.news/cluster/automotive-sbom-market-projected-to-reach-18-billion-by-2034

---
Cite as: Automotive market sector projections. CLSTR, https://clstr.news/situations/automotive-market-sector-projections