Automotive Power Electronics Market Overview: 

Global Automotive Power Electronics Market 2020is slated to mature at a CAGR of 5.12% and reach USD 5.5 billion by 2023

Market highlights

Over the past few years, the global automotive power electronics market has experienced potential growth and the market has been analysed to expand at the same rate during the forecast period. Increased demand for new technologies in cars, increasing environmental issues leading to an increased usage of electric vehicles and increased protection of electronic control panels in vehicles are the reasons responsible for the growth of the automotive electronics industry. In electric vehicles, which need power electronics for system safety, advancements in technologies such as electronic stability control (ESC), advanced driver assistance systems ( ADAS), and electronic control units (ECU) have emerged.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE @https://www.marketresearchfuture.com/sample_request/5013

The growth in the use of power electronics in cars has contributed to this development in technology. During the projected era, the rise in the use of power electronics in electric vehicles resulted in market development. The rising environmental problem caused by pollution has contributed to increased demand for electric cars. Increasing demand for electric vehicles has led to an increase in the use of power electronics, which will drive the market. The price of crude oil per barrel has risen very steadily over the last decade, and its supply has declined day by day. Because of these reasons, the population's demand for electric cars is changing.

Automotive Power Electronics Market Segmental Analysis

Based on the feature, function, vehicle model, and area, the automotive power electronics industry has been segmented. The market has been segmented as MCU, Control IC, and Sensor on a part basis. During the forecast era, the sensor segment is expected to experience the highest growth since it is the main component of electric vehicles.

Sensors are used mostly in ADAS, Electronic Stability Control (ESC) and Electronic Unit of Control (ECU) systems, which are leading technologies used in electric vehicles.

The market has been segmented as chassis & powertrain, body electronics, infotainment & telematics, and protection & security systems, based on applications. Due to increasing government regulations and the initiative to adopt smart transportation solutions with advanced safety features, the body electronics segment is expected to dominate the market during the forecast period. 

Due to increasingly growing sales of electric vehicles, the passenger car segment is expected to dominate the market during the forecast period based on the vehicle model.

Regional Synopsis

North America, Asia Pacific, Europe, and the rest of the world are segmented on a region-based basis.

North America is expected to lead the car industry for power electronics since the U.S. has invested the most on battery-operated electric cars in North America.

Due to the increased acceptance of emerging technologies in electric vehicles, Asia Pacific is anticipated to have the largest market share during the forecast period. This would increase demand for power electronics, which is projected to lead to industry growth over the forecast period.

In Europe, countries such as the United Kingdom, Germany, France and Italy have made significant strides to improve technologies in the automobile field. This development in technology has resulted in the growth of the market during the forecast period.

Competitive Dashboard

The key players global automotive power electronics market areTexas Instruments Inc. (U.S.), Infineon Technologies AG (Germany), Qualcomm Ins. (U.S.), ON Semiconductor Corp. (U.S.), Renessa Electronics Corp. (Japan), Mitsubishi Heavy Industries Ltd. (Japan), NXP Semiconductors N.V. (Netherlands), Maxim Products Inc. (U.S.), Robert Bosch GmbH (Germany), and Vishay Intertechnology Inc. (U.S.).

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 RESEARCH OBJECTIVES

2.2.2 ASSUMPTIONS & LIMITATIONS

2.3 MARKETS STRUCTURE

3 MARKET RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 SECONDARY RESEARCH

3.3 PRIMARY RESEARCH

3.4 FORECAST MODEL

4 MARKET LANDSCAPE

4.1 FIVE FORCES ANALYSIS

4.1.1 THREAT OF NEW ENTRANTS

4.1.2 BARGAINING POWER OF BUYERS

4.1.3 BARGAINING POWER OF SUPPLIERS

4.1.4 THREAT OF SUBSTITUTES

4.1.5 SEGMENT RIVALRY

4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL POWER ELECTRONICS MARKET

Complete Business Report@ https://www.marketresearchfuture.com/reports/automotive-power-electronics-market-5013

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

Contact Us:

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com 

Related Reports:

High-performance trucks Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Automotive Motor Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Automotive Injector Nozzle Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Automotive Radar Sensors Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Automotive Active Purge Pump Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Automotive Fastener Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027

Car Rental Market Analysis, Size, Share, Trend, Growth Strategy, Forecast To 2027