Selbyville, Delaware, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Experts claim the global automotive power electronics market amassed USD 3.6 billion in 2019 and is anticipated record a compound annual growth rate of 4.7% through 2027. Increasing adoption of hybrid and electronics vehicles in an effort towards reducing harmful emissions is boosting the demand for power electronics in order to enhance switching speed and avert power loss.
Moreover, the overall market space is studied based on device terrain, application scope, drive type, and vehicle ambit. A thorough summary of regional markets and their contribution towards the total remuneration is also elucidated in the report. It also expounds on the competitive dashboard of the industry, while throwing light on the business profile, product portfolio, as well as expansion strategies of various contenders.
As per Edison Electric Institute, worldwide electric vehicle sales were recorded at 197,000 units in Q1 of 2017, which surged 58% to reach 312,000 units in Q1 of 2018. Likewise, report by Bloomberg New Energy Finance claimed that global electric vehicle sales are expected to cross 54 million by the year 2040.
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For the record, power electronics are incorporated in automotive for numerous applications including energy transformation, motion control, and switching power supplies. They are used for controlling automotive electronics such as seat controls, advanced driver assistance systems (ADAS), electric power steering, braking system, infotainment, safety systems, and telematics.
Introduction of strict vehicle and driver/passenger safety norms, in tandem with improving environmental cognizance are aligning with the opportunities for global automotive power electronics market expansion.
Though, high cost of modern vehicles, along complex design & integration of power electronics in automobile are acting as challenge for the industry sphere.
Highlighting the market segmentations:
As per device ambit, global automotive power electronics industry is classified into power discrete, power ICs, and power module. Various application areas include powertrain, safety & security electronics, and body electronics. Based on drive type, the industry is divided into pure electric vehicle, hybrid vehicle, and IC engine vehicle. Whereas, different vehicles considered are commercial vehicles, and passenger cars.
Exploring the regional landscape:
As per seasoned analysts, Asia Pacific contributed substantially towards worldwide automotive power electronics market remuneration in the past years and is reckoned to showcase similar trends in the ensuing years. Soaring production of luxury passenger cars, automaker focus on reducing vehicle weight, and presence major vendors in the region are positively swaying the business dynamics in APAC.
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Global Automotive Power Electronics Market by Device Ambit (Revenue, USD Billion, 2017-2027)
- Power Discrete
- Power ICs
- Power Module
Global Automotive Power Electronics Market by Vehicle Terrain (Revenue, USD Billion, 2017-2027)
- Commercial Vehicles
- Passenger Cars
Global Automotive Power Electronics Market by Drive Type (Revenue, USD Billion, 2017-2027)
- Pure Electric Vehicle
- Hybrid Vehicle
- IC Engine Vehicle
Global Automotive Power Electronics Market Application Scope (Revenue, USD Billion, 2017-2027)
- Powertrain
- Safety & Security Electronics
- Body Electronics
Global Automotive Power Electronics Market Regional Landscape (Revenue, USD Billion, 2017-2027)
Latin America
- Brazil
- Mexico
Asia Pacific
- South Korea
- India
- Australia
- China
- Japan
- Rest of APAC
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
RoW
Global Automotive Power Electronics Market Competitive Hierarchy (Revenue, USD Billion, 2017-2027)
- Valeo Group
- Toyota Industries Corp.
- Semiconductor Components Industries LLC
- STMicroelectronics N.V.
- Vishay Intertechnology Inc.
- Microsemi Corporation
- NXP Semiconductors N.V.
- Renesas Electronics Corp.
- Texas Instruments Incorporated
- Infineon Technologies AG
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Automotive Power Electronics Market, by Region, 2018-2027 (USD Billion)
1.2.2. Automotive Power Electronics Market, by Device Type, 2018-2027 (USD Billion)
1.2.3. Automotive Power Electronics Market, by Application Type, 2018-2027 (USD Billion)
1.2.4. Automotive Power Electronics Market, by Drive Type, 2018-2027 (USD Billion)
1.2.5. Automotive Power Electronics Market, by Vehicle Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Power Electronics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Power Electronics Market Dynamics
3.1. Automotive Power Electronics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive Power Electronics Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Power Electronics Market, by Device Type
5.1. Market Snapshot
5.2. Global Automotive Power Electronics Market by Device Type, Performance - Potential Analysis
5.3. Global Automotive Power Electronics Market Estimates & Forecasts by Device Type 2017-2027 (USD Billion)
5.4. Automotive Power Electronics Market, Sub Segment Analysis
5.4.1. Power Module
5.4.2. Power ICs
5.4.3. Power Discrete
Chapter 6. Global Automotive Power Electronics Market, by Application Type
6.1. Market Snapshot
6.2. Global Automotive Power Electronics Market by Application Type, Performance - Potential Analysis
6.3. Global Automotive Power Electronics Market Estimates & Forecasts by Application Type 2017-2027 (USD Billion)
6.4. Automotive Power Electronics Market, Sub Segment Analysis
6.4.1. Body Electronics
6.4.2. Safety and Security Electronics
6.4.3. Powertrain
Chapter 7. Global Automotive Power Electronics Market, by Drive Type
7.1. Market Snapshot
7.2. Global Automotive Power Electronics Market by Drive Type, Performance - Potential Analysis
7.3. Global Automotive Power Electronics Market Estimates & Forecasts by Drive Type 2017-2027 (USD Billion)
7.4. Automotive Power Electronics Market, Sub Segment Analysis
7.4.1. IC Engine Vehicle
7.4.2. Hybrid Vehicle
7.4.3. Pure Electric Vehicle
Chapter 8. Global Automotive Power Electronics Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Automotive Power Electronics Market by Vehicle Type - Potential Analysis
8.3. Global Automotive Power Electronics Market Estimates & Forecasts by Vehicle Type 2017-2027 (USD Billion)
8.4. Automotive Power Electronics Market, Sub Segment Analysis
8.4.1. Passenger Cars
8.4.2. Commercial Vehicles
Chapter 9. Global Automotive Power Electronics Market, Regional Analysis
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