Automotive Power Electronics Market

Automotive Power Electronics Market worth $4.7 billion by 2025

The report "Automotive Power Electronics Market by Device Type (Power IC, Module & Discrete), Application, Component (Sensor & Microcontroller), Material, Vehicle Type (Passenger Vehicle, LCV & HCV), Electric Vehicle Type, and Region - Global Forecast to 2025", The global automotive power electronics market size is projected to grow from USD 3.8 billion in 2020 to USD 4.7 billion by 2025, at a CAGR of 4.7%.

Browse 314 market data Tables and 64 Figures spread through 271 Pages and in-depth TOC on "Automotive Power Electronics Market by Device Type (Power IC, Module & Discrete), Application, Component (Sensor & Microcontroller), Material, Vehicle Type (Passenger Vehicle, LCV & HCV), Electric Vehicle Type, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-power-electronics-market-226516353.html

The increasing electronics content inside the vehicle for the operation of specific vehicle applications and government mandates related to carbon emissions and vehicle safety are some of the key factors that will drive the market for automotive power electronics market. Developments in the power converters of the electric vehicle is also one of the factor that drives the automotive power electronics market.

Vehicle production was low in April and May 2020 in the major European, Asia Pacific countries and the US due to the ongoing COVID-19 pandemic. Earlier, the automotive power electronics market was expected to witness rapid growth from 2022 onward as major safety regulations are outlined to be imposed. As vehicle production is suspended, any new investment for advanced technology is unlikely. OEMs and tier 1 players are either using cash reserves or acquiring funds to continue operations during the crisis. OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 2020.

Increasing use of mechatronics devices and comfort features inside the vehicle is expected to result in the dominance of body control & comfort segment in automotive power electronics market

Body control & comfort comprise of features like tire pressure monitoring system (TPMS), lighting, seat control, heating, ventilation and air conditioning (HVAC) and start-stop module. Vehicles across the globe are getting installed with latest versions of these sub-applications of body control & comfort. Start-stop module sub-application is showing tremendous growth in recent years. On the other hand vehicles are getting installed with modern LED technologies for both interior and exterior lighting. TPMS is treated as a good to have feature in the vehicle. Luxury vehicles are getting fitted with advanced seat controls and heated/ventilated seats. These applications are becoming essential features in passenger vehicles. Also features like LED lightings, TPMS and star-stop modules are getting installed in other category of vehicles like light commercial and heavy commercial vehicles. These are main factors that is fueling the market for body control & comfort segment by application type of automotive power electronics market.

Increasing use of modern materials like SiC and GaN for power modules and discrete is helping power module/discrete to dominate the market of automotive power electronics by device type

Power semiconductor devices like power IC, module and discrete are considered as main solid-state devices in power electronics. With the increasing electronic content inside the vehicle, traditional mechanically operated systems or applications are getting advanced and efficient. For its proper functioning, power modules and discrete are essential. Number of installation of power module and discrete is more than power IC. Because of operational advantages of Silicon Carbide (SiC) and Gallium Nitride (GaN) over traditionally used transistors, power modules are getting advanced and are suitable for handling critical to operate system. This in turn is helping power module/discrete segment to dominate automotive power electronics market by device type.

Power IC segment is also showing good individual growth in the automotive power electronics market by device type. It is a must have device type for the power electronics of a vehicle. Power ICs are costlier than that of power module/discrete. However, prices of these devices types are going down every year.

Asia Pacific likely to emerge as the largest automotive power electronics market

Asia Pacific is always seen as a revenue generating region in an automotive sector. Region comprise of technologically advanced countries like Japan, South Korea and countries with increasing populations and improving economies. Vehicles in this region are getting advanced at the backdrop of customer need and implementation of government regulations related to vehicle safety and carbon emissions. All kind of key vehicles categories like passenger vehicle, light and heavy commercial vehicles are getting advanced. Changes in the powertrain technology, inclusion of modern safety features, and technology for vehicle management are some of the key trend that is helping Asia Pacific region to dominate the market for automotive power electronics. Also, Asia Pacific is considered as key region in semiconductor space. Countries like Japan, China and Taiwan are main exporter of semiconductor components. This makes the smooth supply-chain for semiconductor supply in Asia Pacific.

The automotive power electronics market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), Infineon (Germany), STMicroelectronics (Switzerland), ON Semiconductor (US), Danfoss (Denmark), etc. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and mergers & acquisitions to gain traction in the market. New product development was most adopted strategy among others.

Don’t miss out on business opportunities in Automotive Power Electronics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AT 5465
PR Published ON
7/2/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Power Electronics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home