Global Automotive Power Electronics
Market Report
2024
The global Automotive Power Electronics Market will be USD 4.0 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. This growth can be attributed to the increasing dependence on automated technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Power Electronics Market size will be USD 4.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Power Electronics Market Sales Revenue 2024 | $ 4 Billion |
Global Automotive Power Electronics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Market Drivers: Urbanization and traffic congestion are driving the need for more efficient transportation solutions. | |
Market Restrains: Limited charging infrastructure for electric vehicles poses a challenge to the widespread adoption of automotive power electronics technology. This constraint not only affects consumer confidence but also hampers the market potential for electric vehicles equipped with advanced power electronic systems. |
Market Split by Device |
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Market Split by Component |
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Market Split by Material |
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Market Split by Vehicle type |
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Market Split by Electric vehicle |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Power Electronics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Power Electronics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Increasing consumer demand for advanced safety features - One of the main reasons the Automotive Power Electronics Market is growing is the Increased consumer demand for advanced safety features, such as collision avoidance systems is a key driver of growth in the automotive energy market These safety technologies increasingly rely on power-electronic components to make them work well, requiring it to be added to their vehicles. Consumers place high priority on vehicles equipped with these safety features to enhance their driving experience and reduce the risk of accidents. Consequently, automakers are investing in the development and deployment of advanced, powerful electronics to meet this demand, driving market growth. This trend will continue because safety concerns are a top priority for consumers and regulators in the automotive industry.
Urbanization and traffic congestion are driving the need for more efficient transportation solutions.
Limited charging infrastructure for electric vehicles poses a challenge to the widespread adoption of automotive power electronics technology.
This constraint not only affects consumer confidence but also hampers the market potential for electric vehicles equipped with advanced power electronic systems.
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In April 2020, Infineon Technologies launched its new product family: the CoolMOST CFD7A series. These silicon-based, high-performance products can be used in both the PFC and the DC-DC stage of on-board charger systems and HV-LV DC-DC converters specifically optimized for electric-vehicle applications. (Source: https://www.infineon.com/cms/en/about-infineon/press/market-news/2020/INFPSS202004-053.html)
Top Companies Market Share in Automotive Power Electronics Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the Automotive Power Electronics Market due to an Increasing shift to electric and hybrid vehicles. It is the mature automotive industry in the region, with major players investing heavily in R&D to improve the performance and performance of power electronic systems Presence of major automakers and their focus on sustainability and strong presence are driving the adoption of advanced power electronics. Moreover, government policies that encourage the use of electric vehicles and infrastructure development are further fueling the market growth.
Asia-Pacific stands out as the fastest-growing region in the Automotive Power Electronics Market due to the increasing demand With countries such as China, Japan, and South Korea experiencing strong growth driven by factors such as rapid urbanization, rising disposable incomes, and government policies encouraging the use of electric vehicles encouraged, they are leading this expansion, fueled by strong automotive manufacturing capabilities and a focus on technological innovation It is also leading the way in the region with supportive initiatives, stimulating capital a will be invested in electric vehicle infrastructure and electrification development Furthermore, the emerging economies in Southeast Asia are fueling the demand for electric vehicles, which is driving the market growth significantly.
The current report Scope analyzes Automotive Power Electronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Power Electronics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Power Electronics Industry growth. Automotive Power Electronics market has been segmented with the help of its Device, Component Material, and others. Automotive Power Electronics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The integrated power (IC) market for automotive power electronics reflects a dynamic terrain driven by multiple factors. Power ICs play an important role in controlling power conversion, distribution, and control in vehicles. They are used in a variety of applications, including motor drives, battery management systems, and lighting controls. The automotive power ICs market is witnessing strong growth due to the increasing adoption of electric and hybrid vehicles, which require energy efficiency solutions as well as wide bandgap materials such as synthetic silicon carbide (SiC) and gallium nitride (GaN). Advances in semiconductor technology, among other things, are driving the demand for power ICs in automotive applications, and power electronic systems that enhance efficiency, power levels, and performance in automobiles.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Power Electronics Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Power Electronics from 2019 to 2031. This will also help to analyze the demand for Automotive Power Electronics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Component of Automotive Power Electronics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Power Electronics market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Power Electronics Market is witnessing significant growth in the near future.
In 2023, the Power IC segment accounted for noticeable share of global Automotive Power Electronics Market and is projected to experience significant growth in the near future.
The Microcontroller segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Robert Bosch (Germany) , Infineon (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Device | Power IC, Power Module/Discrete, Application Outlook:, ADAS & safety, Body control & comfort, Infotainment, Telematics, Engine management & powertrain, Battery management |
Component | Microcontroller, Sensor |
Material | Silicon, Silicon Carbide, Gallium Nitride, Others |
Vehicle type | Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle |
Electric vehicle | Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicle (PHEV) |
List of Competitors | Robert Bosch (Germany), Continental AG (Germany), Infineon (Germany), STMicroelectronics (Switzerland), ON Semiconductor (US), NXP Semiconductor (Netherlands), Danfoss, (Denmark), Vishay (US). |
This chapter will help you gain GLOBAL Market Analysis of Automotive Power Electronics. Further deep in this chapter, you will be able to review Global Automotive Power Electronics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Power Electronics Market Trends North America Automotive Power Electronics Technological Road Map North America Automotive Power Electronics Market Drivers North America Automotive Power Electronics Market Restraints North America Automotive Power Electronics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Device Analysis 2019 -2031, will provide market size split by Device. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Device Analysis 2019 -2031
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Chapter 11 Market Split by Component Analysis 2019 -2031
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Chapter 12 Market Split by Material Analysis 2019 -2031
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Chapter 13 Market Split by Vehicle type Analysis 2019 -2031
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Chapter 14 Market Split by Electric vehicle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Power Electronics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Power IC have a significant impact on Automotive Power Electronics market? |
What are the key factors affecting the Power IC and Power Module/Discrete of Automotive Power Electronics Market? |
What is the CAGR/Growth Rate of Microcontroller during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Power Electronics Market? |
Which region is expected to dominate the global Automotive Power Electronics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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