Global Automotive Power Electronics Market Analysis by Application (Body Electronics, Chassis and Powertrain, Infotainment and Telematics, Safety and Security); by Vehicle (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle); by Electric Vehicle (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Component (Microcontroller, Power Integrated Circuit, Sensor, Transceiver); by System (DC/DC, DC/AC, and AC/DC); by Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) to 2025. The traditional automobile was established more than a century ago. Over the decades, the automobile sector has constantly evolved from being mainly a matter of heavy mechanical systems to the integration of mechanical systems along with electronic controls. The main reason of this advancement is the emergence of power electronics technology and its possible incorporation at various levels in a vehicle. A basic application of power electronics is to control engines which are designed in the automotive for proper controlling and conversion of power. Power electronics technology helps in the efficient conduction and control of electric power in a vehicle. Rigorous efforts by the Government for vehicle safety exert significant pressure on automotive OEMs and tier-1 manufacturers to develop better and enhanced vehicle safety systems. From November 2014, the European General Safety Regulation (EC) No 661/2009 mandates several new safety features for new passenger cars and commercial vehicles. In addition to the existing mandate of Electronic Stability Control (ESC) systems, new manufactured cars will essentially have Tire Pressure Monitoring Systems (TPMS), gear shift indicators, and driver seatbelt reminders. These new and enhanced safety features will need additional power electronic components to be deployed in each vehicle. From November 2015, in Europe, according to the regulation, all new trucks and buses are to be equipped with Advanced Emergency Braking (AEB) along with Lane Departure Warning Systems (LDWS), which will also require power electronics for their operation. On the other hand, complex design and integration process for advanced technology devices impacts the adoption of new technologies in developing countries. These factors are likely to inhibit the growth of the power electronics market for automotive. Request Sample Report @ https://globalmarketforecasts.com/request-for-sample/53 The -201cGlobal Automotive Power Electronics Market Analysis and Forecasts to 2025-201d can be segmented into application, vehicle type, electric vehicle type, component, system, and region. Based on the application, the market can be categorized as Body Electronics, Chassis and Powertrain, Infotainment and Telematics, Safety and Security. Amongst these, the body electronics segment acquires a leading share in the market. This majority is anticipated due to the advancement of vehicles including power electronics-driven operations like electric power steering, power windows, electronic brake systems, electric air conditioning, and others. Furthermore, the safety and security segment is witnessed to exhibit significant growth during the forecast period. This can be majorly attributed to the increasing mandates for this application. The market based on vehicle type can be segmented into passenger car, light commercial vehicle and heavy commercial vehicle. Globally, passenger cars lead the automotive market in terms of volume. Also, the consumer outlook for technologically advanced and fuel efficient vehicles boosts the growth of power electronics in the passenger car segment. Additionally, in developed countries, the rise in government initiatives for safety features in passenger car anticipates the growth of market for power electronics in automotive during the forecast period. Request to View Report @ https://globalmarketforecasts.com/selectedReport/53/GlobalAutomotive-Power--Electronics--Market-Analysis-and-Forecasts-to-2025
Power electronics is an assembly of various components like microcontroller, power integrated circuit, sensor and transceivers. The automotive OEMs are collaborating with semiconductor component companies to manufacture technologically advanced power electronic components which will utilize efficient power to components such as active and passive sensors, high RAM-microcontrollers, and advanced power integrated circuits. In this segment, sensors are of several types like image, oxygen, pressure, position, speed, temperature and others. Owing to this factor, the sensor segment dominates the automotive power electronics market during the forecast period.
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