Market Research Report
Automotive Power Electronics Market with COVID-19 Impact Analysis, By Type, By Product, By Vehicle Type, By Distribution Channel and by Region - Size, Share, & Forecast from 2021-2027
|Automotive Power Electronics Market with COVID-19 Impact Analysis, By Type, By Product, By Vehicle Type, By Distribution Channel and by Region - Size, Share, & Forecast from 2021-2027|
Published: July 1, 2021
AnalystView Market Insights
Content info: 354 Pages
Delivery time: 2-3 business days
The global Automotive Power Electronics market was valued at USD 3.63 billion by 2019, growing with 5.1% CAGR during the forecast period, 2021-2027.
Electronic fuel injection, airbags, innovative driver assistance, and infotainment are some of the areas where automotive electronic systems are primarily used in order to increase the overall productivity of the combined system. As per estimation, around 40% of onboard gears throughout a car are electronic-based and this proportion is most likely to increase with development in the current regulations governing the automotive industry.
Moreover, governments are taking initiatives to improve the production of electric vehicles to reduce fuel consumption and pollution-related issues, which will boost the vehicle electronic systems industry over the forecast. For instance, the Government of India under its FAME scheme (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) has nominated 11 cities in the country to introduce electric vehicles in their public transport system creating market opportunities for automotive electronics in the region.
The Automotive Power Electronics market is segmented on the basis of device type, material, component, type, drive type application, and region. In terms of the type, the global Automotive Power Electronics market is divided into ADAS, Body Electronics, Infotainment, Powertrain & Chassis, and Safety Systems. Among these, the ADAS segment is expected to account for the significant revenue share in the global Automotive Power Electronics market. These systems are increasingly being organized in vehicles due to benefits such as added driving assistance in night driving & bad weather conditions.
Additionally, increasing safety & security regulations by governments across the globe are projected to drive the market size for the ADAS type. For instance, in September 2018, in India, the Union Minister for Road and Highway Transport declared the mandating of the ADAS system for all cars by 2022 to enhance road safety in India.
Based on application, the global Automotive Power Electronics market is classified as Passenger Cars and Commercial Vehicles. Among the application segments, passenger cars contribute a major share in the global Automotive Power Electronics market. The rising production and consumption of passenger vehicles across the globe are creating a high demand for vehicle electronics systems and components such as powertrain solutions, infotainment systems, and safety systems.
The dominating players in the Global Automotive Power Electronics Market include Panasonic, OMRON Corporation, Continental, Fujitsu Ten, Robert Bosch, Delta Group, ZF Friedrichshafen, NXP Semiconductors, Pioneer, Infineon Technologies, HGM Automotive Electronics, Harman, ThyssenKrupp, Hitachi Automotive Systems, Atotech, Delphi Automotive, Denso Corporation, Yamaha Corporation, Sony Corporation and among others.
Companies are engaged in new product developments. For instance, in October 2018, Broadcom Inc. announced its newest collection of automotive Ethernet devices are introduced to advance infotainment, in-vehicle connectivity, ADAS, and smart mobility. The company has further expanded its product offering with the addition of 1000BASE-T1 PHY, secure switch, and smart camera MCU devices. These new products are developed to strengthen in-vehicle connectivity, ADAS, infotainment, and smart mobility solutions provided by the company.
Key features of the study:
This proposed research study on Automotive Power Electronics market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Automotive Power Electronics market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Automotive Power Electronics market
Impact of COVID-19 on Automotive Power Electronics market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Automotive Power Electronics market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Automotive Power Electronics market, we have also included competitive landscape and key innovator analysis for the Automotive Power Electronics market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and product attractiveness.
The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the Automotive Power Electronics market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the electric tooth brush market on global as well as regional level.
The global Automotive Power Electronics market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET KEY PLAYERS
NXP Semiconductors N.V.
HGM Automotive Electronics
Hitachi Automotive Systems
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY DEVICE TYPE
Module and Discrete
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY MATERIAL
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY COMPONENT
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY TYPE
Powertrain & Chassis
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY DRIVE TYPE
IC Engine Vehicle
GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY APPLICATION
\GLOBAL AUTOMOTIVE POWER ELECTRONICS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures