The report on the DC-DC converter market provides an analysis of the market from 2017 to 2025. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities influencing the growth of the market. The DC-DC converter is projected to grow from USD 8.5 billion in 2019 to USD 22.4 billion by 2025, at a CAGR of 17.5% from 2019 to 2025. The market is expected to witness substantial growth in North America and Asia Pacific during the forecast period due to increasing adoption of electric vehicles, aircraft orders, and development of the telecom sector in these regions.
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Companies from the US, China, Japan, and Taiwan are investing heavily towards the development of DC-DC converters. Developments such as miniaturization, low power device, non–isolated POL converters, and digital power management in DC-DC modules, among others are expected to open opportunities for the growth of the market.
Of the various verticals, the automotive segment is projected to grow at the fastest CAGR during the forecast period. The growth of this segment can be attributed to significant investments being made by various players to launch electric vehicles, fuel cell vehicles, hybrid electric vehicles, and plug-in hybrid vehicle. This will lead to the rising demand for vehicle electronic systems such as car infotainment, body electronics, and security systems. In turn, this will require multiple port DC-DC converters to distribute low voltage power for various electronics. Thus, key players have been focusing on developing converters with more efficiency and higher power density at a cost-effective solution.
Based on the output power, the