Market Research Future (MRFR) in its new research study, asserts that the Global Automotive Power Modules Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 21% CAGR in the forecast period of 2018 to 2023.
The inverter, converter and battery management systems are the essential power modules used in the automotive industry. The use of power module helps to enhance performance, safety, increase mileage, improve battery efficiency and driving experience. The growing uses and the advancement in electric and hybrid electric vehicles are imposing new standards in electrical component and systems, which have the ability to work in non-conventional environments and outside non-conventional temperature range.
Key Players
The prominent players in the global Automotive Power Modules Market include STMicroelectronics (Switzerland), ON Semiconductor (US), Robert Bosch GmbH (Germany), Fuji Electric Co. (Japan), Infineon Technologies (Germany), Renesas Electronics Corporation (Japan), Continental AG (Germany), NXP Semiconductors (Netherlands), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Rohm Semiconductor (Japan).
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Scope of the Report
This study provides an overview of the global Automotive Power Modules market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Power Modules market by solutions, system, vehicle type, propulsion, and region.
By Module Type
- Intelligent Power Module (IPM)
- Power Integrated Module (PIM)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Propulsion
- ICE Vehicle
- Electric Vehicle
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in electric vehicle
Europe is estimated to account for a considerable share in the global Automotive Power Modules market during forecast period owing to the presence of key players such as Infineon Technologies (Germany), and Continental AG (Germany) are contributing in the growth of this market.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Automotive Power Modules Market, By Segments
- Competitive Analysis
Continued…
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