According to “Automotive Power Electronics Market Analysis 2019” report published by Market Research Future, The Global Automotive Power Electronics Market to rise at 5.12% CAGR during 2019 to 2023. Report provides depth analysis of Automotive Power Electronics Market by Size, Share, Revenue, Opportunity, Investment forecast to 2023. Automotive Power Electronics Industry is segmented based on component, application, vehicle type and region.
Major Automotive Power Electronics Companies covered in the market report include Technologies AG (Germany), Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Renessa Electronics Corp. (Japan), Mitsubishi Heavy Industries Ltd. (Japan), Maxim Products Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Qualcomm Ins. (U.S.), Robert Bosch GmbH (Germany), and Vishay Intertechnology Inc. (U.S.).
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Global Market Highlights:
The global automotive power electronics market was analyzed by Market Research Future (MRFR) and it was projected that a healthy CAGR of 5.12% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the automotive power electronics market was further stated to surpass its previous figure and reach USD 5.5 billion by 2023.
The global power electronics market is anticipated to witness fast-paced ascension during the forecast period. Various factors responsible for the growth of the market include the acceleration noted in the automotive industry and the upscaling demand for technologically advanced vehicles.
A solid-state circuit device that converts the current from the source to the load is known as a power electronics device. The primary purpose of a power electronic device is to control the power fluctuation in the components such as monitoring diodes and transistors. It also manages the power to enhance energy conservation and energy efficiency. Various application of power electronics includes chassis & powertrain, body electronics, safety and security system, and infotainment and telematics.
Automotive Power Electronics Industry Segments:
The global automotive power electronics market has been segmented in terms of vehicle type, application, electric vehicle type, and component.
Based on component, the global automotive power electronics market is segmented into MCU, Power IC, and Sensor. The sensor segment is expected to witness a higher growth trajectory as compared to other market segments as it is a key component in electric vehicles.
By electric vehicle type, the market breaks down into hybrid electric vehicles (HEV), battery electric vehicles (BEV), and plug-in hybrid electric vehicles (PHEV).
By component, the market includes power integrated circuit (IC), microcontroller unit (MCU), and sensor. The sensor segment accounts for the maximum share in the global automotive power electronics market and is expected to remain at the top of the market standings by the end of the forecast period.
By vehicle type, the market divides into commercial vehicle and passenger cars. The market is spearheaded by the passenger car segment and is expected to remain the same soon.
Regional Analysis:
The global automotive power electronics market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The North American region holds the maximum shares in the global automotive power electronics market. The regional market is further anticipated to continue leading the global landscape over the forecast period. The presence of US is one of the biggest driving factors behind the growth of the North American market.
Asia Pacific is expected to boast the highest market growth during the forecast period owing to the increased adoption of advanced technology electric vehicles in the region. India and China are expected to be significant contributors to regional market growth.
The European region is spearheaded by countries like Italy, Spain, Germany, the U.K., and France. The region has over the years achieved major technological advancements in the automotive industry. Lastly, the Rest of the World segment includes countries like the Middle East & Africa and Latin America.
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TABLE OF CONTENTS:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitors
4.1.4 Threat Of New Entrants
5 V2X, By Communication Type
5.1 Introduction
5.1.1 V2C
Continued…
LIST OF TABLES:
Table 1 Automotive Power Electronics Global Market: By Region, 2018-2023
Table 2 Automotive Power Electronics North America Market: By Country, 2018-2023
Table 3 Automotive Power Electronics Europe Market: By Country, 2018-2023
Table 4 Automotive Power Electronics Asia-Pacific Market: By Country, 2018-2023
Continue…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porters Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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