Automotive Power Electronics, by Device Type (Power IC, Module & Discrete), Application, Component (Sensor & Microcontroller), Material, Vehicle Type (Passenger Vehicle, LCV & HCV), Electric Vehicle Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) (Insights are provided for each region and major countries within the region)
Automotive Power Electronics Market Overview
The global automotive power electronics market is anticipated to reach USD 3.84 billion by 2021 and growing at a CAGR of 5.1% during the forecasting period, 2021-2028.
The automotive power electronics market is expected to witness a significant boost in 2022 owing to the mandates by different countries. Before that, lower vehicle sales and abrupt stoppage in the development of new automotive technologies will result in sluggish growth of the automotive power electronics market in 2021.
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The increasing manufacturing and sale of plug-in hybrid electric vehicles are expected to create significant opportunities for the power electronics market in transportation applications. Besides, the increasing number of charging stations propels the use of power electronic components, such as power management integrated circuits, intelligent power modules, insulated gate bipolar transistors, and standard & power integrated modules. The advent of electric vehicles is one of the most important steps in environmental conservation.
Key Findings
Global Automotive Power Electronics is segmented into Device Type, Component, Material, Vehicle Type, and Geography.
Device Type segment is segmented into Power IC, Module & Discrete.
Component segment is segmented into Sensor & Microcontroller.
Material, Vehicle Type is segmented into Passenger Vehicle, and LCV & HCV.
Geographically, global Automotive Power Electronics is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
Automotive Power Electronics Market Regional Analysis
Europe region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Automotive Power Electronics Market Competitive Landscape
Key players
• Robert Bosch
• Continental AG
• Infineon
• STMicroelectronics
• ON Semiconductor
• NXP Semiconductor
• Danfoss, and Vishay.
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Automotive Power Electronics Market Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
• In February 2020, Major automotive power electronics solution providers Robert Bosch established production facilities across the globe. Despite the slowdown in vehicle sales due to the COVID-19 pandemic, existing safety mandates would surely boost the penetration of automotive power electronics features in upcoming vehicles.
Reasons to Acquire in the Automotive Power Electronics Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for Automotive Power Electronics so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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