Global Automotive DC-DC Converters market data 2024, Forecast To 2033
24 Jan, 2024
The automotive DC-DC converters market has experienced exponential growth, escalating from $0.63 billion in 2023 to $0.88 billion in 2024 at a CAGR of 38.6%. The growth in the historic period is attributed to the growth in the automotive industry, stringent emission regulations, rising consumer demand for electronics, and economic growth. Looking towards 2028, the market is expected to reach $2.61 billion at a CAGR of 31.3%. The forecasted growth is driven by rising vehicle production, electric vehicle adoption, global urbanization, growing per capita disposable income, and government support. Major trends in this period include wide-bandgap semiconductors, digital control and communication, vehicle-to-grid (V2G) integration, sustainable materials, and customization and integration.
Global Automotive DC-DC Converters Market Key Driver
The automotive DC-DC converter market is witnessing growth propelled by the increasing adoption of electric vehicles. The Global EV Outlook 2022 report reveals a doubling of electric vehicle sales in 2021, reaching 6.6 million units globally. The DC-DC converter is crucial in managing varying voltage requirements within electric vehicles. The surge in electric vehicle adoption, with global sales reaching 6600000 units in 2021, amplifies the demand for automotive DC-DC converters, contributing to market growth.
Get A Free Sample Of The Global Automotive DC-DC Converters Market ReportGlobal Automotive DC-DC Converters Market Segments
The global automotive dc-dc converters market covered in this report is segmented –
1) By Propulsion Type: Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-in Hybird Vehicle (PHEV)
2) By Product-Type: Isolated, Non-Isolated
3) By Input Voltage: < 40V, 40-70V, >70V
4) By Output Power: <1kW, 1-10kW, 10-20kW, >20kW
5) By Application: Passenger Vehicle, Commercial Vehicle
By Geography: The regions covered in the Automotive DC-DC Converters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Automotive DC-DC Converters Industry Players
Continental AG, BorgWarner Inc, Denso Corporation, Valeo, Toyota Industries Corporation, Robert Bosch GmbH, Vicor Corporation, TDK-Lambda Corporation, Delta Electronics, HELLA GmbH & Co. KGaA, MOBIS INDIA LIMITED, Panasonic Corporation, Infineon technologies, Mornsun Guangzhou Science & Technology Co. Ltd., Alps Alpine Co, Mareli Corporation, LG Innotek Co. Ltd., Texas Instruments Incorporated, ZF Friedrichshafen AG, NAC Group Inc., SynQor Inc., Nanjing Pengtu Power Supply Co. Ltd., AEGIS Power Systems Inc., Murata Manufacturing Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., Delta-Q Corporation, Robert Bosch GmbH, Skyworks Solutions Inc., Semiconductor Components Industries, Crane Aerospace and Electronics, VPT Power Inc., Microsemi Corporation, UTC Aerospace Systems, STMicroelectronics N.V., ON Semiconductor Corporation, Renesas Electronics Corporation, CUI Inc., Bel Fuse Inc., Eaton Corporation, Fujitsu Limited, Cosel Co. Ltd., Traco Electronic AG, XP Power
Get The Full Global Automotive DC-DC Converters Market Report
Automotive DC-DC Converters Market Overview
The automotive direct current (DC)-direct current (DC) converter is defined as a converter that converts the high voltage into low voltage or low voltage into high voltage depending on its application.
Automotive DC-DC Converters Global Market Report 2023 provides data on the global automotive dc-dc converters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive dc-dc converters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.