Automotive Power Electronics Market

The most significant factor driving the automotive power electronics market is the increasing vehicle production which, in turn, is leading to the rise in demand for the installation of power electronic components in the automobiles. The rising trend of vehicle electrification and the growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth in the installation of the power electronic components in the automobiles.

The Automotive Power Electronics Market, in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The market was valued at USD 4.30 Billion in 2016 and is projected to reach a market size of USD 5.49 Billion by 2022.MARKETS AND MARKETS

The increased demand for high-end vehicles and the growing stringency of emission regulations have changed the market dynamics for automotive power electronic component manufacturers. Along with this, the leading OEMs are also adopting collaboration strategies with local players to expand their product base and customers. For example, in 2017, Bosch, is collaborating with Sony Semiconductor Solutions (Japan), to design sensors for automotive HDR cameras. The factors mentioned above are driving innovations in automotive technologies and products. One such innovation is the light-weight power electronics used in various applications of the automotive industry.

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Company Profiles:

Stmicroelectronics
on Semiconductor
Robert Bosch GmbH
Fuji Electric Co.
Infineon Technologies
Toshiba Corporation
Renesas Electronics
Continental AG
Vishay Intertechnology
NXP Semiconductors
Texas Instruments Incorporated
Rohm Semiconductor

STMicroelectronics N.V. is a global automotive component supplier with a major focus on power electronics and its components such as power ICs, microcontroller units (MCU), and sensors. The company has achieved a complete specialization in the production of semiconductor components. It offers a wide range of product portfolio for automotive power electronics. For example, in 2016, STMicroelectronics N.V. introduced new MCUs, especially for catering the safety and security applications in the automotive industry. This MCU is designed for airbags, Anti-lock Braking Systems (ABS) in cars and motorcycles, power steering, and DC/DC converters/inverters for hybrid/electric vehicles.

Other major players in the power electronics manufacturing market for automotive are mainly focusing on expanding their regional presence to achieve continuous and sustainable development. This is evident from several collaborations and joint venture projects these companies have undertaken in the recent years.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Detailed analysis and profiling of additional regions (up to 3)
Detailed analysis and profiling of additional market players (up to 3)
Detailed analysis of additional automotive power electronic component (only 1)
Detailed analysis of automotive optoelectronics market(up to 2 regions)
Detailed analysis of hybrid and electric vehicles power electronics market
Detailed analysis of automotive power electronics market, in terms of power output by battery

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Restraints of the market:

Despite the high demand for advanced automotive electrical systems, this market still faces challenges of providing integrated and lightweight components along with optimizing cost and quality trade-off.

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