The desire for high-end electric vehicles has caused the automotive sector to increase significantly over time. Government rules governing vehicle emissions and rising consumer demand for high-performance and low-emission automobiles are some of the factors influencing the sales of electric vehicles. According to the IEA (International Energy Agency), consumer spending on electric car purchases reached USD 120 billion in 2020, up 50% from 2019 and translating to a 41% rise in sales of electric vehicles. As a result, there was a rise in demand for DC-DC converters in EVs.
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Data Bridge Market Research analyses that the Automotive DC-DC Converters Market is expected to grow at a CAGR of 29.2% in the forecast period of 2022 to 2029 and is expected to reach USD 14,005,385.14 thousand by 2029 from USD 2,216,182.82 thousand in 2021.
Rise in R&D Efforts to Integrate DC-DC Converters into Commercial Vehicles is Expected to Drive the Market
The automobile OEMs (original equipment manufacturers) are being driven to incorporate cutting-edge technologies into their vehicle offerings to improve fuel efficiency by implementing strict emission requirements for electric vehicles globally. As a result, medium- and heavy-duty commercial trucks now have electric drivetrains (M&HCVs). A DC-DC converter must be included in the electric drivetrain to guarantee greater effectiveness and improved vehicle performance. Additionally, the rise in commercial vehicle sales has compelled component makers to improve the range of products they offer.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Isolated, Non-Isolated), Input Voltage (Below 40 V,40 V - 70 V, Above 70 V), Output Voltage (10.1 V - 15 V, 5 V & Below, 5.1 V - 10 V, 15.1 V - 20 V, Above 20 V), Output Power (0.25 W - 250 W, 251 W - 500 W, 501 W - 1000 W, Above 1000 W), Propulsion Type (Hybrid & Plug-In Hybrid Electric Vehicle (HEV & PHEV), Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV)), Vehicle Type (Passenger Vehicle, Commercial Vehicle)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BorgWarner Inc. (U.K.), DENSO CORPORATION (Japan), Murata Manufacturing Co., Ltd. (Japan), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated. (U.S.), Continental AG (Germany),Robert Bosch GmbH (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Vitesco Technologies Group AG (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Skyworks Solutions, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The global automotive DC-DC converters market is segmented into six segments based on propulsion type, product type, input voltage, output voltage, output power, and vehicle type.
- Based on propulsion type, the global automotive DC-DC converters market is segmented into hybrid & plug-in hybrid electric vehicle (HEV & PHEV), battery electric vehicle (BEV) & fuel cell electric vehicle (FCEV).
The hybrid & plug-in hybrid electric vehicle (HEV & PHEV) segment is expected to dominate the global automotive DC-DC converters market
The hybrid & plug-in hybrid electric vehicle (HEV & PHEV) segment is expected to dominate the global automotive DC-DC converters market with a share of 56.32% as they have a gasoline engine and an electric powertrain, making them more efficient and environmental friendly.
- Based on input voltage, the global automotive DC-DC converters market is segmented into below 40 V, 40 V-70 V, and above 70 V.
The 40 V-70 V segment is expected to dominate the global automotive DC-DC converters market
The 40 V-70 V segment is expected to dominate the global automotive DC-DC converters market with a share of 49.59% as low voltage drive improves the safety and performance of the vehicle.
- Based on product type, the global automotive DC-DC converters market is segmented into isolated and non-isolated. The isolated segment is expected to dominate the global automotive DC-DC converters market with a share of 64.67% as they are used to breaking up ground loops, thus separating parts of a circuit sensitive to noise from the source, thereby allowing current to flow directly from input to output.
- Based on vehicle type, the global automotive DC-DC converters market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to dominate the global automotive DC-DC converters market with a share of 82.80% due to the increasing concerns for emission reductions by countries around the world and the higher availability of e-passenger vehicle across the region.
- Based on output voltage, the global automotive DC-DC converters market is segmented into 10.1 V - 15 V, 5 V & below, 5.1 V - 10 V, 15.1 V - 20 V, above 20 V. 10.1 V - 15 V segment is expected to dominate the global automotive DC-DC converters market with a market share of 34.92% as the demand for the passenger car is increasing and the output voltage of this range are mostly used in the passenger car.
- Based on output power, the global automotive DC-DC converters market is segmented into 0.25 W-250 W, 251 W-500 W, 501 W-1000 W & above 1000 W. 0.25 W-250 W segment is expected to dominate the global automotive DC-DC converters market with a market share of 53.42% as they accept a wide input range and are ideal for performing simple voltage conversions at low power.
Major Players
Data Bridge Market Research recognizes the following companies as the major automotive DC-DC converters market players in automotive DC-DC converters market are BorgWarner Inc. (U.K.), DENSO CORPORATION (Japan), Murata Manufacturing Co., Ltd. (Japan), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated. (U.S.), Continental AG (Germany), Robert Bosch GmbH (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Vitesco Technologies Group AG (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Skyworks Solutions, Inc. (U.S.)
Market Development
- In 2022, RECOM Power GmbH launched a new line of fully customized, semi-custom, and modified-standard AC/DC and DC/DC converters, ranging in power from low to kilowatt.
- In 2022, With powerful computers and a vast display area inside the car, Continental AG launched user experience in the new BMW iX. This has further aided the business in bridging the divide between future vehicle architectures that are centralized and integrated.
Regional Analysis
Geographically, the countries covered in the paint protection film market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in automotive DC-DC converters market in the forecast period 2022 - 2029
Asia-Pacific is dominating the market as the governments are adopting more electric vehicles and green energy projects, government's measures to promote green energy and the growing usage of electric vehicles.
North America is estimated to be the fastest growing region in automotive DC-DC converters market in the forecast period 2022 - 2029
North America is expected to grow the global automotive DC-DC converters market due to the car industry which is becoming more electrified, which has significantly increased demand for electrical and electronic parts, especially DC-DC converters.
For more detailed information about the Automotive DC-DC converters market report, click here – https://www.databridgemarketresearch.com/es/reports/global-automotive-dc-dc-converters-market
