Press release
Powering the Future : Automotive 48V System Market to Surge to $21.00 Billion by 2027 with a 26.5% CAGR | Continental AG, Lear Corporation
Automotive 48V System Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A06636
Automakers worldwide are moving toward electrifying their fleets, but it does not mean every future car or truck will need to be plugged in. Instead, the first wave of this advancement is 48-volt technology. This new technology includes the benefits of decreased emissions and even improved acceleration. And the new onboard battery systems provide extra power to run infotainment and advanced safety systems in vehicle.
The global automotive 48V system market is driven by increase in demand for hybrid and electric vehicle and rise in demand for 48V battery system. However, high cost of system in vehicles and anticipated rise in sale of battery electric vehicles are expected to hinder the growth of the market. Furthermore, increased safety & comfort features in vehicles and reduction of CO2 emission to meet future emission legislations are anticipated to provide lucrative growth opportunities for the players operating in the automotive 48V system market.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Increase in demand for hybrid & electric vehicles and 48V battery system drives the growth of the global automotive 48V system market. However, surge in sale of electric vehicle equipped with fully-powered battery and total cost of vehicle hinder the market growth. On the other hand, demand for advanced safety and comforts features and need to lower CO2 emissions present new opportunities in the coming years.
๐๐๐๐๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Dana Limited
Delphi Technologies
GKN (Melrose Industries PLC)
Lear Corporation
Magna International Inc.
MAHLE Powertrain Ltd.
Valeo SA
The report offers a detailed segmentation of the global automotive 48V system market based on architecture, vehicle class, and region.
๐๐ก๐ ๐๐๐ฅ๐ญ ๐๐ซ๐ข๐ฏ๐๐ง ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on architecture, the belt driven segment accounted for the highest share in 2019, holding more than two-fifths of the global automotive 48V system market, and is expected to maintain its lead position during the forecast period. This is due to a relatively low integration cost, reduced CO2 emissions, and dynamic performance offered by this architecture. However, the transmission output shaft segment is estimated to witness the highest CAGR of 30.5% from 2020 to 2027, owing to high efficiency, electric driving (creep), and four/all-wheel drive mode provided by this type of architecture.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-48v-system-market/purchase-options
๐๐ก๐ ๐ฆ๐ข๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on vehicle class, the mid segment held nearly two-fifths of the global automotive 48V system market in 2019, and is expected to continue its dominance during the forecast period. This is attributed to reduced sales of mid-sized passenger-vehicles and increase in fleet CO2 targets. However, the entry segment would witness the fastest CAGR of 27.7% from 2020 to 2027. This is due to incorporation of innovative features and smart options such as 48v systems on cost-effective models, including entry class vehicles.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ฌ๐ญ๐๐๐๐ข๐ฅ๐ฒ
Based on region, Asia-Pacific accounted for the highest share of more than two-fifths of the global automotive 48V system market in 2019, and is estimated to maintain its highest contribution by 2027. This is due to development of new products to meet changing consumer demands, rapid industrialization, and initiatives to switch the consumer inclination from petrol to electric or hybrid cars. However, Europe is expected to portray the largest CAGR of 27.4% from 2020 to 2027, owing to increase in adoption of fuel efficient and eco-friendly vehicles in the region along with technological advancements. Contrarily, North America would witness a CAGR of 25.5% during the forecast period.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A06636
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ญ๐ก๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.alliedmarketresearch.com/electric-vehicle-transmission-market - 2023-2032 : The global electric vehicle (EV) transmission market is segmented based on transmission type, vehicle type, transmission system, and region.
https://www.alliedmarketresearch.com/automated-manual-transmission-AMT-market - 2023-2032 : The global automated manual transmission (AMT) market is segmented on the basis of the application and region.
https://www.alliedmarketresearch.com/automotive-axle-propeller-shaft-market - 2020-2030: The Automotive axle and propeller shafts market is segmented on the basis of axle & propeller shaft type, vehicle type, and geography.
https://www.alliedmarketresearch.com/automotive-engine-belt-hose-market - 2023-2032 : The global automotive engine belt and hose market is segmented based on belt type, hose application, vehicle type, and geography.
๐๐จ๐ง๐ญ๐๐๐ญ:
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