Automotive 48V System Market (By Product Type: Mild-hybrid Vehicles, Low-power BEVs; By Application: Entry-level Vehicles, Mid-Premium Vehicles, Luxury Vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Automotive, Transportation and Logistics | Published at : November-2020 | Delivery Format : PDF | Status: Published | Pages : 190

The global automotive 48V system market is anticipated to reach market size of around US$ 21,000 Mn by 2027 and is anticipated to grow at a CAGR of around 26% in terms of revenue during the forecast period 2020 – 2027.

Regardless of capping voltages under 60V interference, the 48V system line is successful as it satisfies the requirements of protected extra low voltage (PELV). 48V can deliver electricity to commercial EVs without triggering unstable PELV problems, reducing the copper loss. 48V electric engine with super-charger power supply is battery control to start the vehicle quicker and faster and thereby remove turbo lag. It also embraces stronger electrical charges, such as temperature control. A combined generator, transformer and DC/DC converter boost the 12V battery and system from the 48V system.

Market Insights

Vehicle manufacturers around the global drive towards the electrification of their vehicles, but that do not mean that any possible vehicle or truck needs to be linked. Instead, 48V infrastructure is the first wave of development. The advantages of lower emissions and increased acceleration are included in this new technique. The new onboard battery systems provide additional control for the operation of knowledge and integrated driver safety systems. In addition, the 48V systems are a simple way to boost performance, fuel consumption and even reliability for the automakers. Many vehicles have a conventional 12V electrical system that uses an alternator to transform power to electricity. This current charges the starter battery of the vehicle and controls all the electrical elements of the vehicle, including lights, infotainment and protection. But for new vehicles, 12V systems are insufficient. In addition, several components in the automobile are a demanding electricity, sophisticated protection equipment, and comfort. This is the key factor for the production of 48V vehicles by automakers such as Fiat Chrysler Automobiles (FCA), Mercedes-Benz and Volkswagen.

COVID-19 Impact

Due to a decrease in global electric vehicle sales, the intermediate classification division of the 48V automaker structure is marginally impacted. The 48V system demand for automotive has been disrupted due to COVID-19 pandemic, as it influenced the supply chain. Owing to the enforced lockdown, worldwide manufacturers have suspended their produce and the purchasing of new modern cars has influenced automotive 48V system. The non-availability of skilled jobs has also impacted the 48V system market as the development of automotive 48V systems is chosen to preserve a social distance.

Automotive 48V Systems Low-cost function influence demand growth

Owing to low costs, 48V systems are used in relatively hybrid and low-powered BEVs. These systems have shown that they are an economical choice for auto operators to reduce the upfront costs of their cars. 48V systems are a major priority for manufacturers in the manufacture of mild hybrids. In low-power BEVs, these devices, such as reasonable retail rates, are also used by 48-voltage networks, in special cases for cost-sensitive consumers in developing economies.

Asia Pacific has the largest market share for automotive 48V systems in 2019, and during the projected period the region will provide device suppliers with multiple growth opportunities. This would have a substantial impact on the demand development of the automotive 48V system. During the projected period, 45% of the demand growth will come from Asia Pacific. The major automotive 48V system markets in Asia-Pacific are China and Japan. In Europe and North America region market growth will be slower than Asia Pacific regarding business expansion.

Based on their market revenue, market positions, marketing strategies, new advancement and growth rates, major companies with major market positions in the global automotive 48v device industry are evaluated. The final position on automotive 48v device industry player positioning encompasses recent events, such as new solution-product launch, study projects, acquisitions, global changes, and technical advances. The information given for all the leading stakeholders of the 48v system value chain and technology ecosystem in the automotive 48v system market analysis is supposed to be beneficial. Some of the industry players include Robert Bosch GmbH, BorgWarner Inc., CONTINENTAL AG, Delphi Technologies, Dana Limited, GKN (Melrose Industries PLC), Magna International Inc., Lear Corporation, MAHLE Powertrain Ltd, Valeo SA, and others

The global automotive 48V system market is segmented as below:

Market Segmentation

Automotive 48V System Market By Product Type

Mild-hybrid Vehicles

Low-power BEVs

Automotive 48V System Market By Application

Entry-level Vehicles

Mid-Premium Vehicles

Luxury Vehicles

Automotive 48V System Market By Geography

North America

  • U.S.
  • Canada


  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe


  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

The market for automotive 48V system is expected to reach a market value of around US$ 21,000 Mn by 2027.

The automotive 48V system market is expected to grow at a CAGR of around 26% from 2020 to 2027.

The mild-hybrid vehicles are the leading segment by product type in the automotive 48V system market.

The global automotive 48V system market is driven by increase in demand for hybrid and electric vehicle and rise in demand for 48V battery system.

Robert Bosch GmbH, BorgWarner Inc., CONTINENTAL AG, Delphi Technologies, Dana Limited, GKN (Melrose Industries PLC), Magna International Inc., Lear Corporation, MAHLE Powertrain Ltd, Valeo SA, and others are the prominent players in the market.

Asia Pacific held the highest market share in the automotive 48V system market.

Asia Pacific is expected to be the fastest growing market over the forecast period.

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