Home › News Updates › Future Market Scenario of Automotive Power Electronics Explained in MnM’s Article on Electronic Specifier
Electronic Specifier recently published MnM’s article automotive power electronics market, giving key insights on the future growth scenario of the market.
Over a passage of time, the automotive industry has evolved greatly due to the advancements in technology and materials. Since the time mechanical systems have been integrated with electronic controls in vehicle, the power electronics technology has witnessed higher demand and adoption, with it being used in various applications like powertrain and chassis system, body electronics, safety and security system, telematics, and infotainment. The global market for automotive power electronics is expected to be valued at $5.49 Billion by 2022, growing at a CAGR of 4.48% between 2017 and 2022, owing to the increasing modernization of vehicles, rising demand for energy-efficient battery-powered devices, and growing trend of vehicle electrification.
For More Details:
Report mentioned in the above news is,
Automotive Power Electronics Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Vehicle (PC, CV), EV (PHEV, BEV, HEV), Component (MCU, Power IC, Sensor), and Region - Global Forecast to 2022
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