AUTOMOTIVE DC-DC CONVERTER MARKET ANALYSIS

Global automotive DC-DC converter market is expected to face significant challenges due to the fluctuations in the global automotive production. The automotive industry witnessed a decline in vehicle sales and productions in 2018 due to rising component costs and tightening emission regulations across countries. Furthermore, the ongoing trade wars between the US and China have created an uncertain business environment in the global market. For instance, as per data from OICA, the global vehicle production fell by 16% in 2020 compared to 2019 levels, with major declines seen in North America (-19.3%), Europe (-24.3%) and India (-26.4%) primarily due to the lockdowns and supply chain disruptions caused during the peak of the COVID-19 pandemic.

Market Opportunity - Automotive DC-DC Converter Manufacturers to Offer Innovative and Efficient Solutions

The global automotive DC-DC converter market presents numerous opportunities for manufacturers owing to rapid electrification of vehicles and rising complexity in automobile electronics architecture. Automotive DC-DC converter manufacturers can capitalize on this trend by developing innovative and highly efficient solutions. They can focus on developing multi-output DC-DC converters with high power density and load response to meet the evolving power requirements of different automotive systems and components. In May 2022 According to the International Energy Agency, electric car stock exceeded 10 million in 2020 and is expected to grow exponentially to over 145 million by 2030.