North America Automotive DC-DC Converters Market – Industry Trends and Forecast to 2029

North America Automotive DC-DC Converters Market Analysis and Size

The introduction of power semiconductors and integrated circuits made it economically viable by use of technique. Although by 1976 transistor car radio receivers did not require high voltages, some radio operators continued to use vibrator supplies and dynamotors for mobile transceivers requiring high voltages although transistorized power supplies were available. Since then, the market demand for increased power density has driven the developments of many DC-DC converters to convert a source of direct current (DC) from one voltage level to another. The adoption of DC-DC converters has increased in the past three years with the increasing adoption of IoT, increasing demand for enhanced power density, and the increasing adoption of smart grids, energy storage systems, & electric automobiles. The introduction and implementation of advanced technologies is expected to propel the demand for DC-DC converters. As a result, the DC-DC converter market is expected to exhibit higher growth rate during the forecast period.

Data Bridge Market Research analyses that the North America automotive DC-DC converters market is expected to reach the value of USD 1,864,169.40 thousand by 2029, growing at a CAGR of 28.7% in the forecast year of 2022-2029. The automotive DC-DC converters market report also covers pricing analysis, patent analysis, and technological advancements in depth.     

Market Definition

Automotive DC-DC converter comprises inductors, microcontroller units (MCUs), and magnetic core components that are encompassed in a block design for integration into vehicles. The DC-DC converter is attached to an automobile's ignition system to effectively control the engine's restart and shutdown in order to cut emissions. A DC-DC converter runs within a set voltage range to power a myriad of onboard electronic equipment, since the integrated infotainment system aboard an automobile requires a steady supply of electricity of roughly 12V delivered by the powertrain.

DC-DC converters mainly play an important role in isolation and voltage conversion. The proliferation of advanced driver-assistance systems (ADAS) and in-cabin infotainment has turned vehicles into complex electronic systems on wheels that require multi-level, and noise-free DC-DC converters are fueling the growth of the market to an extent.

Automotive DC-DC Converters Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Increase in Sales of Electric Vehicle Across the Region

The automotive industry is showing an enormous growth over the years owing to rising demand for luxurious electric vehicles. Some of the factors driving the sales of the electric vehicles include stringent government regulations towards vehicles emissions, increasing demand for high performance and low emission. It is reported by IEA (international Energy Agency) that consumers had spent USD 120 billion on electric car purchases in 2020, a 50% increase from 2019, which breaks down to a 41% increase in sales of electric cars. This resulted in increased demand for DC-DC converters in EVs.

• Rise in Popularity of Mobility as a service (MaaS) Model

The concept of Mobility as a Service (MaaS) has been gaining popularity within the electric automotive sector. Increasing number of manufacturers, Service providers, companies, policy makers and the public were focusing their attention on electric mobility for convenience.

Mobility-as-a-Service describes a shift away towards mobility provided as a service from personally-owned modes of transportation due to various factors like increasing pollution levels, rapid urbanization, maintenance cost of vehicles and unavailability and restrictions of parking space in big cities around the world. 

• R&D Efforts to Integrate DC-DC Converters into Commercial Vehicles

The global adoption of stringent emission norms for electric vehicles is motivating the automotive OEMs (Original equipment manufacturers) to integrate advanced technologies in their vehicle offerings to enhance their fuel efficiency. This has resulted in the development of electric drivetrain for medium and heavy commercial vehicles (M&HCVs). The electric drivetrain needs the integration of a DC-DC converter to ensure higher efficiency and better vehicle performance. Furthermore, the increase in sales of commercial vehicles has driven component manufacturers to upgrade their product offerings. 

• Higher Cost of Electronic Component in Electric Vehicle

The electric vehicles are best suitable for transportation and also for the environment as it would help to control the pressure over the air pollution. But the initial cost of electric vehicles are higher as compared to that of gasoline powered engine vehicles because it includes technologically upgraded components which has no harm to the environment, however the operational costs of the electric vehicles are cheaper than the gasoline powered engine vehicles.

• Design Complications in DC-DC Converters

Generally, vehicle electrification is focused on the powertrain driven by electricity and its auxiliary systems such as on-board and off-board charging systems. In addition, an increasing electrical content and complexity coupled with shorter design cycles requires an optimum design team to continually improve the design methods.

Post COVID-19 Impact on Automotive DC-DC Converters Market

COVID-19 created a major impact on the automotive DC-DC converters market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.

The growth of the automotive DC-DC converters market is attributed to the increasing adoption of electrification of automotive industry across all regions and countries. Although automotive industry faced major issues during pandemic, the electric vehicle sales jumped to higher levels in post pandemic scenario.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the DC-DC converters. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for usage of electric vehicle has led to the market's growth

Recent Development

• In February 2022, RECOM Power GmbH introduced new product range of fully custom, semi-custom, and modified-standard AC/DC and DC/DC converters from low power up to a kilowatt.
• In January 2022, Continental AG has enhanced user experience in the new BMW iX with high computing power and the large-scale display landscape in the vehicle. This had further helped the company to bridge the gap between integrated and centralized vehicle architecture of the future

North America Automotive DC-DC Converters Market Scope

The automotive DC-DC converters market is segmented on the basis of product type, input voltage, output voltage, output power, propulsion type and vehicle type. The growth amongst these segments will help you analyze growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Isolated
• Non-Isolated

On the basis of product type, the North America automotive DC-DC converters market is segmented into isolated and non-isolated.

Input Voltage

• Below 40 V
• 40 V - 70 V
• Above 70 V

On the basis of input voltage, the North America automotive DC-DC converters market has been segmented into 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

On the basis of output voltage, the North America automotive DC-DC converters market has been segmented into 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

On the basis of output power, the North America automotive DC-DC converters market has been segmented into 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)

On the basis of propulsion type, the North America automotive DC-DC converters market has been segmented into hybrid & plug-in hybrid electric vehicle (HEV & PHEV), battery electric vehicle (BEV), fuel cell electric vehicle (FCEV).

Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

On the basis of vehicle type, the North America automotive DC-DC converters market has been segmented into passenger vehicle, commercial vehicle.

Automotive DC-DC Converters Market Regional Analysis/Insights

The North America automotive DC-DC converters market is analyzed and market size insights and trends are provided by country, product type, input voltage, output voltage, output power, propulsion type and vehicle type as referenced above.

The countries covered in the automotive DC-DC converters market report are the U.S., Canada and Mexico in North America.

The U.S. dominates the North America automotive DC-DC converters market, major reason behind this is rise in electrification of automotive industry which contributes to significant growth in demand for electrical and electronics components, including DC-DC converters.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive DC-DC Converters Market Share Analysis

The North America automotive DC-DC converters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America automotive DC-DC converters market.

Some of the major players operating in the North America automotive DC-DC converters market are Robert Bosch GmbH, BorgWarner Inc., DENSO Corporation, TDK Corporation, Murata Manufacturing Co., Ltd., TOYOTA INDUSTRIES CORPORATION, Vitesco Technologies Group AG, Infineon Technologies AG, STMicroelectronics, Skyworks Solutions, Inc., MORNSUN Guangzhou Science & Technology Co. Ltd., SHINDENGEN ELECTRIC MANUFACTURING CO., LTD., Vicor Corporation, Texas Instruments Incorporated, Continental AG, Semiconductor Components Industries, LLC, Inmotion Technologies AB, Deutronic Elektronik GmbH, Sinpro Electronics Co., Ltd., RECOM Power GmbH, among othersX'.

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