Press release
Global automotive power electronics market is estimated to grow to USD 7.68 billion at an impressive CAGR of 14% during the forecast period, key players are Texas Instruments, Inc., Infineon Technologies AG, STMicroelectronics NV, Fuji Electric Co. Ltd.,
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Market Dynamics
The Global Automotive Power Electronics market is estimated to grow to USD 7.68 Billion at an impressive CAGR of 14% during the forecast period. Infotainment, advancements in technology in the form of driver assistance systems and safety, powertrain advancements and many others due to the never ending R&D make power electronics one of the sought after segments in the current automotive market. The electric components today in an automotive systems are no longer limited to basic lighting and charging of batteries but include a whole range of new alternatives such as sensors, infotainment and safety. The discovery of high power switching and high frequency devices has brought about an innovative application of power electronic converters for motion control and energy conversion. Rapid technological advancements reducing size and cost of the systems are another major factor in driving market growth. In addition, the high increase in sale of hybrid and electric vehicles will further boost the growth of automotive power electronics market.
Market Segmentation
Based on application type, the global automotive power electronics market is segmented into Powertrain and Chassis, Body Electronics, Safety and Security Systems as well as Infotainment and Telematics. Among these, body electronics is expected to be the biggest contributor to market growth. Based on electric vehicle type, the global automotive power electronics market is classified into BEV, HEV, and PHEV. Amongst them, the hybrid electric vehicle is leading the market share as it plays a key role in reducing fossil fuel dependence. Based on vehicle type, the global automotive power electronics market is divided into Passenger Cars and Commercial Vehicles. Of the two, Passenger Car is expected to contribute the most towards the sector revenue in the forecast period. Based on Component type, the global automotive power electronics market is segmented into Microcontroller Units, Power ICs and sensors.
Geographic Analysis
On the basis of geography, the global automotive power electronics market majorly includes Asia Pacific, Europe, North America and rest of the world. The Asia Pacific region accounted for the largest share in the current market. Lucrative opportunities in automotive, consumer electronics, industrial applications and ICT are the major factors responsible for high growth in the Asia Pacific region. Cost and Operational advantages in countries like China and India have provided a scope for being the manufacturing hubs in the automotive sector.
Key Players
Some of the key players in the Industry are Texas Instruments, Inc., Infineon Technologies AG, STMicroelectronics NV, Fuji Electric Co., Ltd., Qualcomm, Inc., and Mitsubishi Electric Corp.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
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North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc.), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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