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
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Also the Market analysis is provided to international markets, including trends, competitive environmental analysis and key regional development status moreover the development policies and plans, manufacturing processes and cost structures are mentioned in the report.This Press Release will help you to understand the Volume, growth with COVID19 Impact Analysis.
Click HERE To get SAMPLE PDF (Including TOC, Table & Figures) at: https://introspectivemarketresearch.com/request/8392 Key Player Mentioned: Vicor, Infineon, Artesyn, XP Power, PULS, Texas Semiconductor & Electronics, Bothhand Enterprise, BEAR Power Supplies, Ericsson, RECOM, Traco Electronic, ON Semiconductor, Analog Devices.Product Segment Analysis: Step-down, Step-up, Other and othersApplication Segment Analysis: Industrial & Automation, Consumer Semiconductor & Electronics, Medical.Regional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.
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The World Isolated DC-DC Converters Market elaboration report provides a summary study of regional forecasts, business size and related revenue estimates.
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Using high voltage DC-DC converters in manufacturing presents benefits for both the manufacturers and the end users.Lower-noise assemblies produce higher voltage outputs.
They are controllable through the use of standard low-voltage circuitries.
In fact, there are certain benefits to using high voltage converters.Decreased design cycles are an important aspect of an efficient electronic configuration.
It results in extra space for other design requirements and/or a smaller end result.As materials are developed, technology progresses.
Consumers and manufacturers alike are smitten with this idea.PCB-mounted modules do not need hardware for hardwiring or chassis mounting.
This makes the assembly process go faster while decreasing the opportunity for error.
Automotive DC-DC Converters Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the automotive DC-DC converters industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected automotive DC-DC converters market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/automotive-dc-dc-converters-global-market-report The Automotive DC-DC Converters Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global automotive DC-DC converters market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The Automotive DC-DC Converters Global Market Report 2021 covers automotive DC-DC converters market drivers, automotive DC-DC converters market trends, automotive DC-DC converters market growth rate, automotive DC-DC converters market major players, player-adopted strategies in the market, and automotive DC-DC converters market size.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
