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Market Synopsis:The Report gives the clear picture of current scenario which includes historical and projected Automotive Power Electronics Market size, Share, industry growth, trends in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions. The growing demand for electric vehicles have resulted in the increase use of power electronics, which will drive the market in the future. The market is expected to reach USD 5.5 billion by 2023, at a CAGR of 5.12%.
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Report analyzes Global Off-the-road tire market by Component (MCU, Power IC, Sensor), Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, and Safety & Security System), by Electric Vehicle Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV) and Plug-in Hybrid Electric Vehicles (PHEV), by Vehicle Type (Passenger car and Commercial Vehicle) and region.
Automotive Power Electronics Market Infrastructure Key Players Studied In Report:
Infineon Technologies AG (Germany), Maxim Products Inc. (USA), Mitsubishi Heavy Industries Ltd. (Japan), NXP Semiconductors N.V. (Netherlands), ON Semiconductor Corp. (USA), Qualcomm Ins. (USA), Renessa Electronics Corp. (Japan), Robert Bosch GmbH (Germany), Texas Instruments Inc. (USA), and Vishay Intertechnology Inc. (USA).
The factors that are responsible for the growth of automotive electronics market are increased demand of the advance technology in vehicles, growing environment concern leading to increased use of electric vehicles and increase in safety of the electronics control panel in vehicles. The advancement in technology such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been emerging in the electric vehicles, which require power electronics for the protection of the system. This advancement in the technology have resulted in the increase use of power electronics in the vehicles. The increase in use of power electronics in electric vehicles have resulted in the growth of the market during the forecast period. The growing environmental concern due to the pollution have resulted in growing demand for electric vehicles.
Market Segmentation:
The global automotive power electronics market has been segmented on the basis of application, component, vehicle type, electric vehicle type, and lastly, region. The application-based segmentation segments this market into body electronics, chassis & powertrain, infotainment & telematics, and safety & security system. During the forecast period, the body electronics segment is expected to dominate the market due to the growing government regulations and initiative for the adoption of smart transportation solution with advanced safety features.
Based on the component, the market has been segmented into microcontroller unit (MCU), power integrated circuit (IC), and sensor. During the forecast period, the sensor segment is expected to experience the highest growth rate during the forecast period because it is the key component in the electric vehicles.
By vehicle type, the market has been segmented into the passenger car and commercial vehicle. During the forecast period, the passenger car segment is expected to dominate the market due to the rapidly increasing sales of electric cars. As per the segmentation based on electric vehicle type, the market has been segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV).
Regional Analysis:
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. North America region is expected to dominate the power electronics in automotive market because in North America, U.S. has spent the highest in the battery-operated electric vehicle. Asia Pacific is expected to have the highest market share during the forecast period due to increased adoption of advance technology in electric vehicles. This will result in growing demand of power electronics, which is expected to result in the growth of the market during the forecast period. In Europe, countries such as U.K., Germany, France, and Italy have made considerable effort for the development of technology in automotive industry. This development in technology has resulted in the growth of the market during the forecast period.
Intended Audience:
Automotive Power Electronics Market manufacturers
Automotive Power Electronics Market Suppliers
Research and Development (R&D) Companies
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Major Table Of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumption
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Automotive Power Electronics Market, By Charging Type
4.1 Introduction
4.2 AC Charging
4.3 DC Charging
5 INDUSTRY OVERVIEW OF GLOBAL POWER ELECTRONICS MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
6 MARKET TRENDS
6.1 INTRODUCTION
6.2 GROWTH TRENDS
6.3 IMPACT ANALYSIS
7. GLOBAL POWER ELECTRONICS MARKET BY COMPONENT
7.1 INTRODUCTION
7.2 MCU
7.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
7.3 POWER IC
7.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
7.3 SENSOR
7.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
Continued
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