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According to "Automotive Power Electronics Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report" published by Market Research Future, The Market For Automotive Power Electronics to grow at 5.12% CAGR and reach $5.5 Billion by 2023. Automotive Power Electronics Industry 2019 Report Segments Market for Automotive Power Electronics by Component (MCU, Power IC, Sensor), Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, and Safety & Security System), Electric Vehicle Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV) and Plug-in Hybrid Electric Vehicles (PHEV), Vehicle Type (Passenger car and Commercial Vehicle) and region.Global Automotive Power Electronics Key Players Analyzed in Report -
The global automotive power electronics market comprises a host of key players. This includes names like NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Maxim Products Inc. (U.S.), Renessa Electronics Corp. (Japan), Texas Instruments Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), ON Semiconductor Corp. (U.S.), Robert Bosch GmbH (Germany), Qualcomm Ins. (U.S.), and Vishay Intertechnology Inc. (U.S.).
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Global Market Highlights:
Power electronics includes a solid-state circuit device that coverts the current from the source to the load. The main purpose of the power electronics is to control the power fluctuation in components such as monitoring diodes, and transistors. They are used in applications such as aerospace, automotive electrical and electronic systems. Power electronics, in automotive, consist of various components such as MCU, power IC, and sensor. Power electronics are mostly used in electric vehicles but are also installed in passenger car and commercial vehicles to protect the systems from power failure.
The primary factors contributing to the global automotive power electronics market growth are growing environmental concern leading to increased use of electric vehicles and increased demand for advanced technology in vehicles. Other factors enhancing the market growth include growing demand for electric vehicles, increasing the safety of the electronics control panel in vehicles, increase in use of power electronics in electric vehicles.
The global automotive power electronics market was analyzed by Market Research Future (MRFR) and it was projected that a healthy CAGR of 5.12% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the automotive power electronics market was further stated to surpass its previous figure and reach USD 5.5 billion by 2023.
Market Segments Analysis:
The automotive power electronics market has been segmented based on component, application, vehicle type, and region.
By application, the market segments infotainment & telematics, body electronics, chassis & powertrain, and safety & security system. The body electronics segment holds the dominant positioning in the global automotive power electronics market. This is due to the increasing regulations and initiatives imposed by the government in encouraging the adoption of smart transportation solution with various advanced safety features.
The sensor segment is expected to witness the highest growth during the forecast period because it is the key component in the electric vehicles. Sensors are mainly used in ADAS technology, electronic stability control (ESC), and electronic control unit (ECU), which are the key technologies used in electric vehicles.
By vehicle type, the market divides into commercial vehicle and passenger cars. The market is spearheaded by the passenger car segment and is expected to remain the same soon.
Regional Market Insights:
The global automotive power electronics market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
During the forecast period, Asia Pacific is expected to hold the highest market share in the global market. In this region, the market is growing due to the growing demand for power electronics and increased adoption of advanced technology in electric vehicles. The most important country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The North American region holds the maximum shares in the global automotive power electronics market. The regional market is further anticipated to continue leading the global landscape over the forecast period. The presence of US is one of the biggest driving factors behind the growth of the North American market. The country spends the highest across the globe in battery-operated electric vehicle. Add to this, the US hosts some of the most established players in the automotive industry. Aside from the US, Canada and Mexico are some of the other important country-specific market in North America.
In Europe, countries such as France, Germany, Italy, and the UK have achieved considerable technological advancement in the automotive industry. Therefore, the market is growing in this region. Another important country-specific market in this region is Spain, followed by the remaining countries of Europe.
Table of Contents
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL POWER ELECTRONICS MARKET
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
8. GLOBAL POWER ELECTRONICS MARKET BY ELECTRIC VEHICLE TYPE
8.1 INTRODUCTION
8.2 BODY ELECTRONICS
8.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
8.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
8.3 CHASSIS & POWERTRAIN
8.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
8.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
8.3 INFOTAINMENT & TELEMATICS
8.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
8.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
8.3 SAFETY & SECURITY SYSTEM
8.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
8.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
9. GLOBAL POWER ELECTRONICS MARKET BY ELECTRIC VEHICLE TYPE
10. GLOBAL POWER ELECTRONICS MARKET BY VEHICLE TYPE
11. GLOBAL POWER ELECTRONICS MARKET BY REGION
Continued...
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/automotive-power-electronics-market-5013
Release ID: 88926462
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