Automotive Power Electronics Market to Touch US$ 4.59 Billion Valuation by 2022
The automotive power electronics market, in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The market was valued at USD 4.30 billion in 2016 and is projected to reach a market size of USD 5.49 billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the market size of the automotive power electronics market. The report analyzes and forecast the market size, in terms of volume (million units) and value (USD million), for passenger cars and commercial vehicles.
Target audience for automotive power electronics market • Automotive power electronics manufacturers • Automobile manufacturers • Automobile organizations/associations • Automotive power electronics component suppliers • Raw material suppliers for power electronics systems/components • Traders and distributors of automotive power electronics systems • Tier 1, Tier 2, and Tier 3 suppliers
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Scope of the automotive power electronics market Automotive Power Electronics Market By Application Type • Powertrain and Chassis • Body Electronics • Safety & Security Systems • Infotainment & Telematics Automotive Power Electronics Market By Component Type • Microcontroller Units (MCUs) • Power ICs • Sensors
Key players of automotive power electronics market The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S.), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).
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Asia-pacific: rapid vehicle electrification in the Chinese market is propelling the growth of the automotive power electronics market in the Asia-pacific region the demand for technologically advanced cars has also witnessed a boost recently in the asia-pacific region with the convergence of the ICT sector, the automotive sector, and the transportation sector. This has resulted in the emergence of the advanced vehicle ecosystem. Upcoming safety regulations would increase the installation of automotive safety technologies in passenger cars. The emergence of driving assistance technologies has incentivized the oems to opt for efficient power electronic components to satisfy the ongoing market requirement.
Browse 78 market data tables and 56 figures spread through 180 pages and in-depth TOC on "automotive power electronics market by application (body electronics, chassis & powertrain, infotainment & telematics, safety & security), vehicle (PC, CV), EV (PHEV, BEV, HEV), component (MCU, power IC, sensor), and region - global forecast to 2022“
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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