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Data Bridge Market Research analyses that the automotive DC-DC converters market is expected to reach the value of USD 14,005,385.14 thousand by 2029, growing at a CAGR of 29.2% in the forecast year of 2022-2029. The automotive DC-DC converters market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Automotive DC-DC Converters Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Increase in Sales of Electric Vehicle Globally
The automotive industry is showing an enormous growth over the years owing to rising demand for luxurious electric vehicles. Some of the factors driving the sales of the electric vehicles include stringent government regulations toward vehicles emissions, increasing demand for high performance and low emission. It is reported by IEA (International Energy Agency) that consumers had spent USD 120 billion on electric car purchases in 2020, a 50% increase from 2019, which breaks down to a 41% increase in sales of electric cars. This resulted in increased demand for DC-DC converters in EVs.
Rise in Popularity of Mobility as a Service (MaaS) Model
The concept of Mobility as a Service (MaaS) has been gaining popularity within the electric automotive sector. Increasing number of manufacturers, Service providers, companies, policy makers and the public were focusing their attention on electric mobility for convenience.
Mobility-as-a-service describes a shift away towards mobility provided as a service from personally-owned modes of transportation due to various factors like increasing pollution levels, rapid urbanization, maintenance cost of vehicles and unavailability and restrictions of parking space in big cities around the world.
R&D Efforts to Integrate DC-DC Converters Into Commercial Vehicles
The global adoption of stringent emission norms for electric vehicles is motivating the automotive OEMs (Original equipment manufacturers) to integrate advanced technologies in their vehicle offerings to enhance their fuel efficiency. This has resulted in the development of electric drivetrain for medium and heavy commercial vehicles (M&HCVs). The electric drivetrain needs the integration of a DC-DC converter to ensure higher efficiency and better vehicle performance. Furthermore, the increase in sales of commercial vehicles has driven component manufacturers to upgrade their product offerings.
Higher Cost of Electronic Component in Electric Vehicle
The electric vehicles are best suitable for transportation and also for the environment as it would help to control the pressure over the air pollution. But the initial cost of electric vehicles are higher as compared to that of gasoline powered engine vehicles because it includes technologically upgraded components which has no harm to the environment, however the operational costs of the electric vehicles are cheaper than the gasoline powered engine vehicles.
Design Complications in DC-DC Converters
Generally, vehicle electrification is focused on the powertrain driven by electricity and its auxiliary systems such as on-board and off-board charging systems. In addition, an increasing electrical content and complexity coupled with shorter design cycles requires an optimum design team to continually improve the design methods.
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Leading Key Players Operating in the Automotive DC-DC Converters Market Includes:
MORNSUN Guangzhou Science & Technology Co.,Ltd, Robert Bosch GmbH, Continental AG, Sinpro Electronics Co., Ltd, Texas Instruments Incorporated, Infineon Technologies AG, DENSO CORPORATION, Vicor Corporation, RECOM Power GmbH, TDK Corporation, Vitesco Technologies, Deutronic Elektronik GmbH, Murata Manufacturing Co., Ltd, STMicroelectronics, Semiconductor Components Industries, LLC, TOYOTA INDUSTRIES CORPORATION, Inmotion, SHINDENGEN ELECTRIC MANUFACTURING CO., LTD, BorgWarner Inc., & Skyworks Solutions Inc., among others.
Automotive DC-DC Converters Market Segmentations:
Product Type
Isolated
Non-Isolated
Input Voltage
Below 40 V
40 V – 70 V
Above 70 V
Output Voltage
10.1 V – 15 V
5 V & Below
5.1 V – 10 V
15.1 V – 20 V
Above 20 V
Output Power
0.25 W – 250 W
251 W – 500 W
501 W – 1000 W
Above 1000 W
Propulsion Type
Hybrid & Plug-In Hybrid Electric Vehicle (HEV & PHEV)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
Vehicle Type
Passenger Vehicle
Commercial Vehicle
Automotive DC-DC Converters Market by Region:
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotiv...
Reasons to Purchase the Automotive DC-DC Converters Market Report:
The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
The report answers questions such as:
Which product segment grabbed the largest share in the Automotive DC-DC Converters market?
How is the competitive scenario of the Automotive DC-DC Converters market?
Which are the key factors aiding the Automotive DC-DC Converters market growth?
Which are the prominent players in the Automotive DC-DC Converters market?
Which region holds the maximum share in the Automotive DC-DC Converters market?
What will be the CAGR of the Automotive DC-DC Converters market during the forecast period?
Which application segment emerged as the leading segment in the Automotive DC-DC Converters market?
What key trends are likely to emerge in the Automotive DC-DC Converters market in the coming years?
Which company held the largest share in the Automotive DC-DC Converters market?
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
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