AUTOMOTIVE DC-DC CONVERTER MARKET ANALYSIS

Automotive DC-DC Converter Market, By DC-DC Converter Type (Non-Isolated, and Isolated), By End User (Hybrid EV, EV/BEV, and Fuel Cell Vehicle), By System (12 V system, 24 V System, and 48 V System & Above), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Oct 2024
Code : CMI4461
Pages :130
Formats :
Excel and PDF
Industry : Automotive and Transportation

Key Takeaways from Analyst

Global automotive DC-DC converter market is poised to grow significantly over the next decade driven by increasing electrification of vehicles. The growing demand for electric and hybrid electric vehicles worldwide is a major growth driver as these vehicles require robust DC-DC converters to efficiently manage electrical power flows. At the same time, increasing stringency of fuel efficiency and emission norms is prompting automakers to focus more on developing autonomous and connected vehicles which will further push the need for compact yet powerful DC-DC converters.

Europe and North America are also likely to offer lucrative opportunities for DC-DC converter manufacturers as the adoption of EVs and plug-in hybrid vehicles accelerates in these regions. Competition in the market is expected to intensify with the entry of new players focusing on developing innovative solutions to capitalize on emerging opportunities.