Excellent Growth of Automotive Power Electronics Market 2019: Comprehensive Study by Top Key Players (ABB, Microsemi, Freescale Semiconductor, Rockwell Automation, Toshiba) | Foreseen Till 2023
Overview of the Global Automotive Power Electronics Market:
The report spread across 87 pages is an overview of the Global Automotive Power Electronics Market - Analysis of Growth, Trends and Forecasts (2018 - 2023). These report study based on the Automotive Power Electronics Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
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The Global Automotive Power Electronics Market is expected to grow at an impressive CAGR from 2018 to 2023. Integration of advanced driver assistance, safety and convenience systems in almost all automotive vehicles will be the major factor boosting the demand for automotive power electronics. In addition, the increase in sale of electric and hybrid vehicles will considerably help the market to grow over the forecast period. Hybrid electric vehicles have already gathered a huge momentum globally, especially from the European and North American countries. This popularity of hybrid technology will help the growth of power electronics market to a reasonable extent. The dominance of electrics and electronics in these vehicles will constitute the bulk of the share in Automotive Power Electronics Market.
Incorporating electrical components and replacing the conventional mechanical and hydraulic loads in the powertrain will help to improve efficiency in the vehicle by about 20%. The use of power electronics in powertrain systems for better engine propulsion, like that in controlling the engine parts or for transmission and controls, will be a major trend in the market during the forecast period. The adoption of electronics in powertrain systems will be more applicable in electric vehicle concepts - hybrid (HEV) and pure (EV) with increased efforts by the regional governments and environmental agencies to lower emission levels.
The Global Automotive Power Electronics Market is segmented by Device Type, Application and Geography. Among the different types of Automotive Power Electronics Applications, body electronics accounts for the majority, followed by safety and convenience systems. Powertrain and emission control are some of the other major power electronics applications in an automotive. The demand for lightweight multi-portable devices will help to drive the growth of advanced power electronics significantly.
Growing demand for passenger and light commercial vehicles from developing economies such as China, India and the Latin American countries (Brazil and Mexico) will help to drive the market growth in the forecast period. Global economic uncertainty and a declining growth rate in production will pose a hindrance to the automotive electronics market.
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Major Key Players:
1 ABB Ltd
2 Microsemi Corporation
3 Freescale Semiconductor, Inc.
4 Texas Instruments, Inc.
5 Stmicroelectronics Nv
6 Rockwell Automation, Inc.
7 Microchip Technology
8 Toshiba and More……………..
This comprehensive Automotive Power Electronics Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Table of Contents:
2 Research Methodology
3 Executive Summary
4 Key Findings Of The Study
5 Market Overview And Technology Trends
6 Market Dynamics
7 Global Automotive Power Electronics Market, By Tire Type
8 Global Automotive Power Electronics Market, By End Consumers
9 Global Automotive Power Electronics Market, By Vehicle Type
10 Global Automotive Power Electronics Market, By Geography
11 Competitive Landscape
12 Key Vendor Analysis
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