PUBLISHER: Lucintel | PRODUCT CODE: 1437674
PUBLISHER: Lucintel | PRODUCT CODE: 1437674
Automotive 48V System Trends and Forecast
The future of the global automotive 48V system market looks promising with opportunities in the entry, mid, premium, and luxury markets. The global automotive 48V system market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 20.1% from 2024 to 2030. The major drivers for this market are rising demand for luxury and cutting-edge safety features in hybrid and electric cars (EVs), as well as strict government laws aimed at lowering greenhouse gas (GHG) emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive 48V System by Segment
The study includes a forecast for the global automotive 48V system by architecture, vehicle class, and region.
List of Automotive 48V System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive 48V system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive 48V system companies profiled in this report include-
Automotive 48V System Market Insights
Lucintel forecasts that belt driven (P0) will remain the largest segment over the forecast period because it is the first power plant configuration for mild hybrid cars and they are mechanically connected to the auxiliary belt, the internal combustion engine (ICE) and the electric machine cannot be separated.
APAC is expected to witness highest growth over the forecast period due to increasing expenditure capacities of customers, increased penetration of foreign vehicle makers, and rising environmental concerns.
Features of the Global Automotive 48V System Market
Market Size Estimates: Automotive 48V system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive 48V system market size by architecture, vehicle class, and region in terms of value ($B).
Regional Analysis: Automotive 48V system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different architecture, vehicle class, and regions for the automotive 48V system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive 48V system market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the automotive 48V system market size?
Answer: The global automotive 48V system market is expected to reach an estimated $8.8 billion by 2030.
Q2. What is the growth forecast for automotive 48V system market?
Answer: The global automotive 48V system market is expected to grow with a CAGR of 20.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive 48V system market?
Answer: The major drivers for this market are rising demand for luxury and cutting-edge safety features in hybrid and electric cars (EVs), as well as strict government laws aimed at lowering greenhouse gas (GHG) emissions.
Q4. What are the major segments for automotive 48V system market?
Answer: The future of the global automotive 48V system market looks promising with opportunities in the entry, mid, premium, and luxury markets.
Q5. Who are the key automotive 48V system market companies?
Answer: Some of the key automotive 48V system companies are as follows:
Q6. Which automotive 48V system market segment will be the largest in future?
Answer: Lucintel forecasts that belt driven (P0) will remain the largest segment over the forecast period because it is the first power plant configuration for mild hybrid cars and they are mechanically connected to the auxiliary belt, the internal combustion engine (ICE) and the electric machine cannot be separated.
Q7. In automotive 48V system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing expenditure capacities of customers, increased penetration of foreign vehicle makers, and rising environmental concerns.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.