Automotive Power Electronics Market

Automotive Power Electronics Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Vehicle (PC, CV), EV (PHEV, BEV, HEV), Component (MCU, Power IC, Sensor), and Region – Global Forecast to 2022

The automotive power electronics market is expected to reach USD 5.49 Billion by 2022, at a CAGR of 4.48% between 2017 and 2022. 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 is dominated by few global players and many regional players. The ecosystem of the automotive power electronics market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end-users, and post sales services. The report also profiles the most promising players in the automotive power electronics market. The vendor micro quadrant matrix of this market presents an interesting picture where many big and small players have become a force to reckon with. Few of the profiled key players include STMicroelectronics N.V. (Switzerland), ON Semiconductors Corp. (U.S.), Toshiba Corp. (Japan), Renesas Electronics Corp. (Japan), and Qualcomm (U.S.).

Sample Global Automotive Power Electronics Market Report 2017

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.

Another major player is ON Semiconductors Corp. (U.S.), which is one of the largest suppliers of automotive power electronics components, across the globe. ON Semiconductors Corporation completes the acquisition of Fairchild Semiconductors for USD 2.4 billion. The motto of this acquisition was to improve the cost structure and to expand the profitability of the company, as stated by the company’s CEO.

Asia-Pacific: Rapid vehicle electrification in the Chinese market is propelling the growth of the automotive power electronics market in the Asia-Pacific region

The demand for technologically advanced cars has also witnessed a boost recently in the Asia-Pacific region with the convergence of the ICT sector, the automotive sector, and the transportation sector. This has resulted in the emergence of the advanced vehicle ecosystem. Upcoming safety regulations would increase the installation of automotive safety technologies in passenger cars. The emergence of driving assistance technologies has incentivized the OEMs to opt for efficient power electronic components to satisfy the ongoing market requirement. Thus, the increasing use of technologically advanced cars is expected to push the need for power electronics in cars in the Asia-Pacific market.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

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

The global market, in terms of value, is estimated to be USD 4.41 Billion in 2017 and is projected to grow to USD 5.49 Billion by 2022, at a CAGR of 4.48%. The automotive industry has been focusing on improving the quality aspect of vehicles. Automated electronic control technologies for automotive systems such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been evolving steadily year after year. The emerging trend of the automotive industry is to manufacture vehicles that feature advanced technologies with optimized weight-cost ratio.

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