Growing Production Of Hybrid Electric Vehicles On The Automotive Power Electronics Market: Transformative Forces Shaping the Automotive Power Electronics Market Landscape in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Automotive Power Electronics Industry Market Size Be by 2025?
The market for automotive power electronics has experienced substantial expansion in the past few years. The market is anticipated to increase from $4.31 billion in 2024 to $4.59 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the historical period include improved fuel efficiency, the surge in the adoption of electric vehicles, the popularity of electric and hybrid vehicles, growing consciousness about environmental issues, and the increasing rate of urbanization.

What's the Long-Term Growth Forecast for the Automotive Power Electronics Market Size Through 2029?
In the coming years, the automotive power electronics market is predicted to witness robust expansion. The market is projected to reach $5.84 billion by 2029, growing at a compound annual growth rate of 6.2%. Factors contributing to growth during the forecast period include the rising prominence of electric and hybrid vehicles, advancements in quick charging technology, increased investments in charge infrastructure, and a growing demand for charging solutions. Other significant trends expected in the forecast period include the addition of smart charging features, ongoing technological innovation, the introduction of new products and services, the inclusion of intelligent grid technologies, and industry partnerships and collaborations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-power-electronics-global-market-report

What Are the Key Growth Drivers Fueling the Automotive Power Electronics Market Expansion?
The anticipated surge in the manufacturing of hybrid electric vehicles is poised to fuel the expansion of the automotive power electronics market. Hybrid electric vehicles combine an internal combustion engine and an electric motor to drive the vehicle. They are increasingly produced due to their capabilities to provide superior fuel efficiency and the versatility to operate on electric and conventional fuels, making them attractive to both environmentally and financially conscious consumers. Automotive power electronics are integral to hybrid electric vehicles (HEVs) because they control and optimize the distribution of electric energy amongst the internal combustion engine (ICE), electric motor(s), battery pack, and other components. For instance, the International Energy Agency, an intergovernmental organization based in France, reported that in the initial three months of 2024, there was an approximate 35% increase in electric car sales in China compared to the corresponding period in 2023, with the sale of plug-in hybrids soaring by around 75%. Consequently, the escalating manufacture of hybrid electric vehicles is propelling the advancement of the automotive power electronics market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16612&type=smp

What Are the Key Trends Driving Automotive Power Electronics Market Growth?
Leading businesses in the automotive power electronics market are channeling their efforts towards the creation of unique technologies, such as highly scalable Internet-of-Things (IoT) SaaS. Their aim is to foster more intelligent, energy-saving vehicle systems, improve vehicle interconnectivity, and fine-tune performance by leveraging real-time data analysis and cloud-based solutions. The term 'highly scalable Internet-of-Things (IoT) SaaS' pertains to cloud-supported software options efficient in handling and scrutinizing huge data volumes from networked devices thereby facilitating instantaneous monitoring, automation, and better decision-making in various applications. For instance, in April 2024, Siemens AG, a technology firm based in Germany, presented Electrification X, an all-encompassing IoT and SaaS platform aimed at boosting electrification across numerous industries. Electrification X synergizes energy systems with state-of-the-art digital tools, thereby enabling digital regulation and enhancement of electrical infrastructure. The platform offers digital solutions for detecting problems, optimizing assets, and load balancing, which assists industries in streamlining their power management. This platform bolsters energy efficiency and sustainability endeavors in e-mobility.

How Is the Automotive Power Electronics Market Segmented?
The automotive power electronics market covered in this report is segmented -

1) By Component: Microcontroller Unit (MCU), Power Integrated Circuit, Sensor
2) By Vehicle Type: Passenger Car, Commercial Vehicle
3) By Electric Vehicle Type: Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles
4) By Application: Body Electronics, Chassis And Powertrain, Infotainment And Telematics, Safety And Security System

Subsegments:
1) By Microcontroller Unit (MCU): 8-Bit Mcus, 16-Bit Mcus, 32-Bit Mcus, Automotive-Grade Mcus For Safety Systems, Mcus For Electric And Hybrid Vehicles, Mcus For Advanced Driver Assistance Systems (ADAS), Automotive Powertrain Control Mcus
2) By Power Integrated Circuit (IC): Power Mosfet Ics, Power Diode Ics, Integrated Power Modules (IPM), Automotive Power Management Ics, Motor Driver Ics, Dc-Dc Converter Ics, Inverter And Rectifier Ics
3) By Sensor: Voltage Sensors, Current Sensors, Temperature Sensors, Pressure Sensors, Position Sensors For Motor Control, Hall Effect Sensors, Speed And Torque Sensors, Sensor Fusion For Electrified Powertrains

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16612&type=smp

Which Companies Are Leading the Charge in Automotive Power Electronics Market Innovation?
Major companies operating in the automotive power electronics market are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., LG Electronics Inc., Panasonic Corporation, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, Infineon Technologies, NXP Semiconductors N.V., Delta Electronics Inc., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Microchip Technology Inc., Rohm Semiconductor, Vishay Intertechnology, Maxim Integrated, Fairchild Semiconductor, Allegro Microsystems, Cree Inc.

Which Regions Are Leading the Global Automotive Power Electronics Market in Revenue?
Asia-Pacific was the largest region in the automotive power electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive power electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16612

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.