Overview and Scope
The automotive direct current (DC)-direct current (DC) converter is defined as a converter that converts the high voltage into low voltage or low voltage into high voltage depending on its application.
Sizing and Forecast
The automotive dc-dc converters market size has grown exponentially in recent years. It will grow from $0.63 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 38.6%. The growth in the historic period can be attributed to growth in automotive industry, stringent emission regulations, rising consumer demand for electronics, economic growth.
The automotive dc-dc converters market size is expected to see exponential growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 31.3%. The growth in the forecast period can be attributed to rising vehicle production, electric vehicle adoption, rising global urbanization, growing per capita disposable income, government support. Major trends in the forecast period include wide-bandgap semiconductors, digital control and communication, vehicle-to-grid (v2g) integration, sustainable materials, customization and integration.
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Segmentation & Regional Insights
The automotive dc-dc converters market covered in this report is segmented –
1) By Propulsion Type: Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-in Hybird Vehicle (PHEV)
2) By Product-Type: Isolated, Non-Isolated
3) By Input Voltage: < 40V, 40-70V, >70V
4) By Output Power: <1kW, 1-10kW, 10-20kW, >20kW
5) By Application: Passenger Vehicle, Commercial Vehicle
Asia-Pacific was the largest region in the automotive DC-DC converter market in 2023. The regions covered in the automotive dc-dc converters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in the adoption of electric vehicles contributed to the growth of the automotive DC-DC converter market. The output of the batteries in an electric vehicle is several hundred of volts but the components inside the vehicles require different voltages and most of the components run on lower voltage such as air-conditioning and in-built displays. The automotive DC-DC converter turns the high voltage into low voltage or low voltage to high. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. The increase in the adoption of electric vehicles increases the demand for automotive DC-DC converters, driving the growth of the automotive DC-DC converter market.
Key Industry Players
Major companies operating in the automotive dc-dc converters market include Continental AG, BorgWarner Inc, Denso Corporation, Valeo, Toyota Industries Corporation, Robert Bosch GmbH, Vicor Corporation, TDK-Lambda Corporation, Delta Electronics, HELLA GmbH & Co. KGaA, MOBIS INDIA LIMITED, Panasonic Corporation, Infineon technologies, Mornsun Guangzhou Science & Technology Co. Ltd., Alps Alpine Co, Mareli Corporation, LG Innotek Co. Ltd., Texas Instruments Incorporated, ZF Friedrichshafen AG, NAC Group Inc., SynQor Inc., Nanjing Pengtu Power Supply Co. Ltd., AEGIS Power Systems Inc., Murata Manufacturing Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., Delta-Q Corporation, Robert Bosch GmbH, Skyworks Solutions Inc., Semiconductor Components Industries, Crane Aerospace and Electronics, VPT Power Inc., Microsemi Corporation, UTC Aerospace Systems, STMicroelectronics N.V., ON Semiconductor Corporation, Renesas Electronics Corporation, CUI Inc., Bel Fuse Inc., Eaton Corporation, Fujitsu Limited, Cosel Co. Ltd., Traco Electronic AG, XP Power
The automotive dc-dc converters market report table of contents includes:
- Executive Summary
- Automotive DC-DC Converters Market Characteristics
- Automotive DC-DC Converters Market Trends And Strategies
- Automotive DC-DC Converters Market - Macro Economic Scenario
- Global Automotive DC-DC Converters Market Size and Growth
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- Global Automotive DC-DC Converters Market Competitive Benchmarking
- Global Automotive DC-DC Converters Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automotive DC-DC Converters Market
- Automotive DC-DC Converters Market Future Outlook and Potential Analysis
- Appendix
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Top 5 Major Key Players Are:
- Continental AG
- BorgWarner Inc
- Denso Corporation
- Valeo
- Toyota Industries Corporation
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The newly published report on Global “Isolated DC-DC Converters Market” is highly proficient in providing a basic overview of the industry, which further explains its applications, classifications, and industry chain structure.
Also the Market analysis is provided to international markets, including trends, competitive environmental analysis and key regional development status moreover the development policies and plans, manufacturing processes and cost structures are mentioned in the report.This Press Release will help you to understand the Volume, growth with COVID19 Impact Analysis.
Click HERE To get SAMPLE PDF (Including TOC, Table & Figures) at: https://introspectivemarketresearch.com/request/8392 Key Player Mentioned: Vicor, Infineon, Artesyn, XP Power, PULS, Texas Semiconductor & Electronics, Bothhand Enterprise, BEAR Power Supplies, Ericsson, RECOM, Traco Electronic, ON Semiconductor, Analog Devices.Product Segment Analysis: Step-down, Step-up, Other and othersApplication Segment Analysis: Industrial & Automation, Consumer Semiconductor & Electronics, Medical.Regional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.
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Using high voltage DC-DC converters in manufacturing presents benefits for both the manufacturers and the end users.Lower-noise assemblies produce higher voltage outputs.
They are controllable through the use of standard low-voltage circuitries.
In fact, there are certain benefits to using high voltage converters.Decreased design cycles are an important aspect of an efficient electronic configuration.
It results in extra space for other design requirements and/or a smaller end result.As materials are developed, technology progresses.
Consumers and manufacturers alike are smitten with this idea.PCB-mounted modules do not need hardware for hardwiring or chassis mounting.
This makes the assembly process go faster while decreasing the opportunity for error.
