Press release
Automotive Power Electronics Market Future Business Opportunities 2024-2031
Global Automotive Power Electronics Market size was valued at USD 4.17 billion in 2022 and is poised to grow from USD 4.37 billion in 2023 to USD 6.30 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2024-2031).The Research report on Automotive Power Electronics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Device
power IC, and module & discrete
Application
ADAS & safety, body control & comfort, infotainment, telematics, engine management & powertrain, and battery management
Market Dynamics
Drivers
Increasing Usage of Electric Vehicles across the World
An accelerating trend towards electric vehicles (EVs) is propelling the conservation of our environment to new heights. With the shift from fossil fuels to electricity, EVs offer significant sustainability benefits. This transformation towards electric mobility in the transportation industry is driving global demand for automotive power electronics. These crucial components are responsible for regulating and optimizing electrical energy flow within EV systems, including lighting, heating and ventilation, and entertainment. Due to their impressive efficiency, the use of MOSFETs in power electronic switches has led to a reduction in overall size, further fueling the demand for EVs worldwide.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Infineon Technologies AG• Texas Instruments Inc.• NXP Semiconductors N.V.• STMicroelectronics N.V.• Robert Bosch GmbH• ON Semiconductor Corporation• Toshiba Corporation• Mitsubishi Electric Corporation• Renesas Electronics Corporation• Silicon Labs• Maxim Integrated• Analog Devices Inc.• Vishay Intertechnology Inc.• Aptiv PLC• Cree Inc.• Rohm Co. Ltd.• Semikron International GmbH• • •
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/automotive-power-electronics-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Automotive Power Electronics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Automotive Power Electronics Market?
• What are the prominent market trends influencing the development of the Automotive Power Electronics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Automotive Power Electronics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (!) 351-333-4748
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