Press release
United States Automotive Power Electronics Market 2031 | Growth Drivers, Key Players & Investment Opportunities
Automotive Power Electronics Market
The Global "Automotive Power Electronics Market" is expected to grow at a CAGR of 7% during the forecasting period (2023-2030).
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Key Development:
United States: Recent Industry Developments
✅ In December 2025, Astemo Americas opened a new sales and engineering office in East Liberty, Ohio, enhancing local development and collaboration on automotive power electronics systems and extending technical support for electrified platforms. This facility strengthens regional proximity to customers and accelerates integration of advanced powertrain and inverter technologies stateside.
✅ In November 2025, major power semiconductor players highlighted advanced wide‐bandgap (SiC/GaN) power devices, emphasizing next‐gen automotive inverter and power conversion architectures for EVs across U.S. supply chains. These technology trends are fueling product roadmaps for higher efficiency and reliability in automotive power electronics.
✅ In late November 2025, industry launches of 300 mm GaN power electronics initiatives with founding partners aiming for automotive scale production were announced. Such efforts support future high‐power converters and onboard charging systems in electrified vehicles.
✅ In November 2025, NXP Semiconductors completed the acquisition of Aviva Links and Kinara, enhancing its automotive connectivity and edge AI systems portfolio. This strategic move strengthens NXP's capabilities in in‐vehicle networking and automotive semiconductor technologies that underpin power electronics and smart automotive systems.
✅ In October 2025, power electronics innovation insights reported enhancements in automotive power distribution and management leveraging WBG semiconductors, emphasizing efficiency gains for traction inverters and onboard systems. This reflects growing adoption of SiC/GaN across US automotive electrification value chains.
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Japan: Recent Industry Developments
✅ In December 2025, Shindengen Electric announced the release of high‐voltage surface‐mount diodes for automotive applications, targeting enhanced reliability and compact power electronics designs for next‐generation EVs and hybrid vehicles. These components support improved power conversion modules in automotive systems.
✅ In December 2025, TDK Corporation introduced vibration‐resistant hybrid polymer capacitors tailored for automotive and industrial applications, advancing component reliability in high‐stress automotive power‐electronics environments. This move boosts Japan's component ecosystem for EV powertrains.
✅ In December 2025, CarUX, a subsidiary of Innolux, finalized its acquisition of Japan's Pioneer, creating a stronger smart cockpit and automotive electronics platform. This acquisition boosts automotive electronics integration and complements broader power‐electronics and vehicle system portfolios in the region.
✅ In November 2025, NUVVE established an office in Tokyo, positioning the company closer to Japanese OEMs and partners developing bidirectional power electronics and vehicle‐to‐grid (V2G) solutions. This reflects cross‐border investment in automotive power electronics and grid interoperability.
✅ In November 2025, Japanese semiconductor and electronics forums showcased domestic innovations in power electronics design and WBG semiconductor adoption, reinforcing Japan's focus on next‐gen automotive power modules and efficiency technologies. These industry showcases highlight strategic tech priorities for automotive electrification players.
✅ In October 2025, Renesas Electronics Corp. announced it is exploring the potential sale of its timing division in a deal that could be valued at close to $2 billion, reflecting strategic portfolio reshaping in the automotive semiconductor domain. While still early, this potential divestment signals M&A activity that could impact Japan's automotive semiconductor supply chain
Key Players:
=> Panasonic Corporation, Continental Corporation, Robert Bosch GmbH, Autoliv, Inc., Samsung Group, Delphi Technologies, Denso Corporation, ZF Friedrichshafen AG, Magna International, Altera Corporation, Infineon Technologies, Lear Corporation, Hitachi Automotive Systems, Voxx International Corporation, Faurecia, Valeo, and among others.
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Key Segments:
By Application
ADAS and Safety Systems lead with 35% share, driven by rising demand for autonomous driving features, collision avoidance, lane departure warnings, and driver assistance technologies. Infotainment accounts for 25%, supported by growing consumer demand for connected, multimedia, and navigation systems in vehicles. Body Electronics holds 20%, fueled by electronic control of lighting, doors, seats, and comfort systems in modern vehicles. Powertrain represents 20%, reflecting adoption of electronic control units, hybrid and electric vehicle systems, and performance optimization technologies.
By Vehicle Type
Passenger Vehicles dominate with 70% share, driven by high consumer demand for advanced safety, infotainment, and body electronics features in cars and SUVs. Commercial Vehicles account for 30%, supported by fleet modernization, safety system integration, and electronic powertrain adoption in trucks, buses, and vans.
By Distribution Channel
OEMs lead with 65% share, fueled by direct integration of advanced electronics and safety systems during vehicle manufacturing and increasing adoption in new vehicle production. Aftermarket accounts for 35%, supported by retrofitting, upgrades, and replacement of infotainment, safety, and body electronics systems in existing vehicles.
By Region
North America - 30% Share
North America leads with 30%, driven by advanced automotive technology adoption, regulatory mandates for safety systems, and strong presence of OEMs in the U.S. and Canada.
Europe - 28% Share
Europe holds 28%, supported by stringent safety regulations, premium vehicle production, and adoption of ADAS, infotainment, and body electronics in Germany, France, U.K., Italy, Spain, and neighboring countries.
Asia Pacific - 30% Share
Asia Pacific accounts for 30%, fueled by growing automotive production, EV adoption, and rising consumer demand for advanced infotainment and safety features in China, India, Japan, and Southeast Asia.
Middle East & Africa - 6% Share
The Middle East & Africa represent 6%, supported by luxury vehicle adoption, fleet modernization, and increasing aftermarket penetration in GCC countries and South Africa.
Latin America - 6% Share
Latin America holds 6%, driven by automotive production growth, aftermarket electronics, and rising awareness of vehicle safety systems in Brazil, Mexico, and surrounding regions.
FAQ
Q: What is the growth rate of the Automotive Power Electronics Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 7% during the forecast period from 2024 to 2031.
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