Automotive Power Electronics Market - Trends Forecast Till 2028

Automotive Power Electronics, by Device Type (Power IC, Module & Discrete), Application, Component (Sensor & Microcontroller), Material, Vehicle Type (Passenger Vehicle, LCV & HCV), Electric Vehicle Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) (Insights are provided for each region and major countries within the region)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-AU-APEM-79

Format:  

Number of Pages: 278

Domain: Automotive

Automotive Power Electronics Market – Trends Forecast Till 2028

The global automotive power electronics market is anticipated to reach USD 3.84 billion by 2021 and growing at a CAGR of 5.1% during the forecasting period, 2021-2028.

The automotive power electronics market is expected to witness a significant boost in 2022 owing to the mandates by different countries. Before that, lower vehicle sales and abrupt stoppage in the development of new automotive technologies will result in sluggish growth of the automotive power electronics market in 2021.

The increasing manufacturing and sale of plug-in hybrid electric vehicles are expected to create significant opportunities for the power electronics market in transportation applications. Besides, the increasing number of charging stations propels the use of power electronic components, such as power management integrated circuits, intelligent power modules, insulated gate bipolar transistors, and standard & power integrated modules. The advent of electric vehicles is one of the most important steps in environmental conservation.

Automotive Power Electronics Market – Trends Forecast Till 2028

Global Automotive Power Electronics is segmented into Device Type, Component, Material, Vehicle Type, and Geography.

Device Type segment is segmented into Power IC, Module & Discrete.

Component segment is segmented into Sensor & Microcontroller.

Material, Vehicle Type is segmented into Passenger Vehicle, and LCV & HCV.

Geographically, global Automotive Power Electronics is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.

Europe region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.

Key players in global Automotive Power Electronics are Robert Bosch, Continental AG, Infineon, STMicroelectronics, ON Semiconductor, NXP Semiconductor, Danfoss, and Vishay.

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In February 2020, Major automotive power electronics solution providers Robert Bosch established production facilities across the globe. Despite the slowdown in vehicle sales due to the COVID-19 pandemic, existing safety mandates would surely boost the penetration of automotive power electronics features in upcoming vehicles. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of Automotive Power Electronics. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Automotive Power Electronics. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on Automotive Power Electronics.

Primary Respondent breakdown is given below:

Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of Automotive Power Electronics. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for Automotive Power Electronics  so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope
 

Report Feature

Descriptions

Market Revenue In 2021

USD 3.84 billion

Growth Rate

CAGR of 5.1% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Device Type, Component, Material, Vehicle Type, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch, Continental AG, Infineon, STMicroelectronics, ON Semiconductor, NXP Semiconductor, Danfoss,  and Vishay 

Available Customization 

In addition to the market data for Automotive Power Electronics, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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