Automotive DC-DC Converters Market Size, Share, & Forecast 2029

Gmi Research

Automotive DC-DC Converters Market was valued at USD 460 million in 2021 and is projected to reach USD 4,113 million in 2029 growing high CAGR of 31.5% from 2022-2029

The factors driving growth of Automotive DC-DC Converters Market includes growing demand for electric vehicles around the world, integration of safety and connectivity features in passenger vehicles, development of miniaturized DC-DC convertors and improvements in the living standards. Moreover, growing adoption of driver assistance systems (ADAS), in-car entertainment devices and seat heaters, Government initiatives to reduce Greenhouse gas emissions and rapid urbanization, are some of the additional factors supplementing the Automotive Dc-Dc Converter Market share. In addition, the increasing investments by major companies on research and development, strategic partnerships between key players and growing population growth rates, are further contributing towards the market growth. 

However, growth of the Automotive DC-DC Converters Market is hindered due to disruptions in the global supply chain.

The prominent players operating in the market are Toyota Industries Corporation, Continental AG, BorgWarner Inc., Hitachi, Ltd., Robert Bosch GmbH, Denso Corporation, Renesas Electronics Corporation, Infineon Technologies AG and Marelli Holdings Co., Ltd., among others.

Based on Vehicle Type, the Commercial Vehicles segment is predicted to expand at a robust CAGR during the forecast period

Strict regulations imposed by Governments regarding the installation of EV charging infrastructure and increasing application of vehicles for fleet management, ridesharing, and car rental services, are propelling Automotive Dc-Dc Converter Market size.

Based on Output Power, the 10–20kW segment is projected to grow at a significant CAGR over the forecast period

Rising adoption of electrical systems such as navigation systems and music systems in passenger vehicles, is pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Denso Corporation, Toyota Industries Corporation and Hitachi, Ltd., growing adoption of advanced features in passenger vehicles, Government policies promoting electric vehicles, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Development

  • In 2020, BorgWarner Inc. completed the acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s power electronics products, automotive, and aftermarket businesses.

Market Segmentation

Segmentation by Vehicle Type

  • Commercial Vehicle
  • Passenger Vehicle

Segmentation by Propulsion Type

  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Plug-in Hybrid Vehicle (PHEV)

Segmentation by Output Power

  • <1kW
  • 1–10kW
  • 10–20kW
  • >20kW

Segmentation by Region

  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
  • North America
  • United States of America
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
  • RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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