Power electronics is a broad term given to a collection of solid-state devices such as diode, silicon-controlled rectifier (SCR), thyristors, gate turn-off thyristors, Power MOSFET and many more used for control and conversion of electric power. They plays a major role in automotive in controlling automotive electronics. Automotive electronics is an advanced term derived from power electronic devices and its uses in modern electric power steering, braking system, seat control, HEV main inverter, central body control and so on.
|Market||Automotive Power Electronics Market|
|Analysis Period||2015 - 2026|
|Forecast Data||2015 - 2026|
|Segments Covered||By Application, By Vehicle type, By Electric Vehicle, By Component and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Continental AG, Mitsubishi Electric Corp., Texas Instruments Inc., Robert Bosch GmbH, Toshiba Corp (Japan), ON Semiconductor Corp., Infineon Technologies AG, Maxim Products Inc., NXP Semiconductors N.V., Qualcomm Ins., Robert Bosch GmbH, Renessa Electronics Corp., and Vishay Intertechnology Inc.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
Growing adoption of electric vehicles along with rising trend of light weight vehicles has been the major factor driving the market growth. In addition, continuously increasing automotive sales also plays a significant role in market by driving the adoption of power electronics in automotive manufacturing. For instance, the global automobile sales have been increased to 96.8 million in 2017 with a growth rate of 3.2% and such growing automotive industry has been driving the market growth. Moreover, rising trend of electric vehicles in developing countries and government regulations for light weight vehicles are expected to create splendid opportunities for the market.
Market Classification and Overview
The global automotive power electronics market is bifurcated on the basis of application, vehicle type, electric vehicle, component and geography. On the basis of application, the market is bifurcated into Body Electronics, Infotainment & Telematics, Safety & Security, Chassis & Powertrain, and others. Depending on the vehicle type, the market has been further segmented into passenger vehicles and commercial vehicles. Moreover, the market has been classified on the basis of electric vehicle type which includes plug-in hybrid electric vehicle, battery electric vehicle and hybrid electric vehicle. Furthermore, the market on the basis of component has been divided into MCU, sensors and Power IC.
The market for automotive power electronics is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America region is anticipated to hold the largest market share in the global market followed by Europe due to well established automotive industry and rising adoption of electric vehicles in the region.The market for automotive power electronicsin Asia-Pacificis further projected to witness highest growth in coming years owing to rapid increase in electric vehicles adoption in countries such as China and Japan in the region.
Continental AG, Mitsubishi Electric Corp., Texas Instruments Inc., Robert Bosch GmbH, Toshiba Corp (Japan), ON Semiconductor Corp., Infineon Technologies AG, Maxim Products Inc., NXP Semiconductors N.V., Qualcomm Ins., Robert Bosch GmbH, Renessa Electronics Corp., and Vishay Intertechnology Inc. are the key players in the automotive power electronics market. These players have been adopting several strategies such as expansion in the developing regions in order to tap the underlying opportunities in these markets.
Market ByVehicle Type
Market ByElectric Vehicle Type
Market By Geography