Analysis of Automotive 48V System Market Size by Research Nester Reveals the Market to Grow with a CAGR of 26.8% During 2024-2036 and Attain USD 73.7 billion by 2036.
Research Nester assesses the growth and market size of the global automotive 48V system market which is anticipated to be on account of the growing international trade activities.
Research Nester’s recent market research analysis on “Automotive 48V System Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global automotive 48V system market in terms of market segmentation by vehicle type, vehicle class, architecture type, and region.
Increased Government Initiatives to Promote Global Market Share of Automotive 48V System
The market is expanding due to the widespread usage of 48V systems in the development of self-driving cars to power energy-intensive components including computers, cameras, and different sensors. Government measures to promote the usage of electric vehicles (EVs) and consequently decrease greenhouse gas emissions are also driving up sales of these systems. According to the US Department of Transportation, to help make EVs available to all Americans for both short- and long-distance travel, the federal government has set a target of having half of all new cars sold in the United States by 2030 be zero-emission vehicles. Additionally, it wants to construct a fair and convenient network of 500,000 chargers.

Some of the major growth factors and challenges that are associated with the growth of the global customer engagement solutions market are:
Growth Drivers
• Growing deployment of 48V to lower direct loads.
• Surging demand for electric and hybrid vehicles.
Challenges
The integration of the 48V system into current car architectures poses significant challenges and necessitates a high level of engineering expertise. Throughout the forecast period, automakers will confront complexities arising from the system, leading to substantial challenges.
Automotive 48V systems frequently require functioning in tandem with other vehicle systems, such as powertrains or the standard 12V electrical system. To ensure accurate integration, skilled professionals are required, and a lack of expertise can end up in compatibility issues.
Based on vehicle class, it is anticipated that luxury-level vehicles will possess a substantial market share in the upcoming forecast period. This is primarily due to the advanced amenities found in luxury or modern cars, such as intricate infotainment systems, sophisticated climate control devices, and driver-assistance computers, all of which lead to higher electric energy consumption.
By region, the Europe automotive 48V system market is expected to garner highest revenue by the end of 2036. The growth can be attributed to the growing demand for EVs and increased investment in R&D. According to the International Energy Agency, sale of electric vehicles rose by about 20% in Europe in 2023, accounting for a market share of more than 20%.
This report also provides the existing competitive scenario of some of the key players of the global automotive 48V system market which includes company profiling of Continental AG, Robert Bosch GmbH, Schaeffler AG, MAHLE GmbH, ZF Friedrichshafen AG, Infineon Technologies AG, BorgWarner Inc., Lear Corporation, Cummins Inc., Nexteer Automotive Group Limited, and others.
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Source: https://www.researchnester.com/reports/automotive-48v-system-market/6322