Electric Vehicle Global Market Report 2023 – By Type (Battery Electric Vehicle, Plug In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), By Vehicle Type (Two Wheelers. Passenger Cars, Commercial Vehicles), By Charging Type (Slow Charging, Fast Charging), By Power Output (Less Than 100 kW, 100 kW To 250 kW, More Than 250 kW), By End Use (Private, Commercial Fleets) – Market Size, Trends, And Global Forecast 2023-2032

An electric car is an electric vehicle that runs on a chargeable battery such as a nickel-metal hydride (NI-MH) battery, lithium-ion battery, or fuel cell battery. The main types in the electric cars market are battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV). Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The battery types involved are lithium-iron-phosphate (left), lithium–nickel–manganese cobalt oxide (li–nmc), lithium–titanate oxide (to) battery, lithium–nickel–cobalt–aluminum oxide (NCA) battery, nickel-metal hydride (NIMH) battery, lead-acid battery. The applications involved are home use and commercial use. The global electric cars market is segmented - 1) By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV) 2) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC), Lithium–Titanate oxide (LTO) battery, Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery, Nickel–metal hydride (NiMH) battery, Lead Scid Battery 3) By Application: Home Use, Commercial Use The global electric cars market size will grow from $278.75 billion in 2022 to $365.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global electric cars is expected to grow to $1,083.65 billion in 2027 at a CAGR of 31.2%. The growing demand for electric vehicles is driving the growth of electric cars market. Electric cars are one of the fastest-growing segments of the electric vehicle market. According to the IEA, in 2021, electric car (including fully electric and plug-in hybrids) sales doubled compared to previous years to nearly 6.6 million. According to Forbes, electric vehicles (EVs) will surge to 57%, which is more than half of global passenger car sales by 2040. The major companies in the automobile industry, such as Tesla, BMW, Volkswagen, and others, are expected to release around 200 models of electric vehicles. Electric vehicles don’t use fuel or gas, and they are more economical than other vehicles. The demand for an electric vehicle is growing because of its low maintenance, less carbon emissions, convenient charging, less noise from the engine, and higher fuel costs. Major players in the electric cars market are Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, and Daimler AG. The lack of standardization of charging infrastructure is slowing down the electric car market. The charging infrastructure is a charging point for battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and fuel cell electric vehicles (FCEV) available in every region. According to McKinsey’s report, there will be an estimated 120 million electric vehicle units on the road by 2030. The demand for electric vehicles is rising due to environmental concerns and health hazards. The sudden shift to electric vehicles in many regions has led to a lack of charging infrastructure. In India, Tesla, Mahindra, Audi, and other international OEMs are expected to launch 10 new electric vehicle models by 2021. However, many countries don’t have proper charging infrastructure for electric vehicles due to higher up-front capital, higher operating costs, and low utilization of electric vehicles. This factor is likely to challenge the growth of this electric cars market. The development of wireless charging facilities for electric vehicles is the greatest opportunity for both OEMs and end-users. Wireless charging enables charging of an electric vehicle without any inconvenience of finding the right cable connector at the charging point and/or stopping by at any charging station. Wireless charging uses dynamic and inductive charging technologies where the electricity is transferred from one magnetic coil in the charger to a second magnetic coil connected to a car. Because OEMs and technology companies discovered that a wireless charging system is far more convenient than a plug-in system for charging an electric vehicle. Qualcomm's technologies are continuously working on its wireless charging system called Qualcomm Halo that uses dynamic technology that helps to charge the electric vehicle while driving. Therefore, the wireless charging system has huge scope in the future to electrify vehicles all over the world. In June 2022, Club Car, an American manufacturer of golf, consumer, and utility vehicles, acquired Garia A/S, a manufacturer of electric street low-speed vehicles, for an undisclosed amount. The acquisition helped Club Car get Garia A/S street-legal utility and last-mile delivery portfolio, which will be mainly used to increasing the global reach. Garia A/S also design and build 100 % electric fit-to-task vans and truck. Asia-Pacific was the largest region in the electric cars market in 2022. Western Europe was the second largest market in the global electric cars market share. The regions covered in the global electric cars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The electric cars market consists of sales of fuel cell electric vehicle (FCEV) and all-electric vehicle (AEV). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric cars market research report is one of a series of new reports from The Business Research Company that provides electric cars market statistics, including electric cars industry global market size, regional shares, competitors with an electric cars market share, detailed electric cars market segments, market trends and opportunities, and any further data you may need to thrive in the electric cars industry. This electric cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electric car charger refers to equipment that supplies power for an electric car. The charging point for electric vehicles is a device that links an electric vehicle (EV) to a source of electricity for electric cars, community electric vehicles, and plug-in hybrids. The main types of electric car chargers are slow AC, fast AC, and fast DC. Slow AC charging is widely used in multi-dwelling structures, residences, and fleet charging sites where cars have enough time to charge. The car takes about 5-8 hours to fully charge. The AC is converted to DC and fed directly into the battery by a converter. The fast AC charger can recharge small electric vehicles fully in three to four hours. Fast DC chargers convert AC power to DC within the charging station and deliver DC power directly to the battery and hence charge faster. It has various charging type such as on-board charger and off-board Charger, that are used in different areas including homes, offices, and other commercial areas. The global electric car chargers market is segmented - 1) By Type: Slow AC, Fast AC, Fast DC 2) By Charging Type: On-board Charger, Off-board Charger 3) By Application: Home, Office, Commercial The global electric car chargers market size grew from $4.03 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric car chargers market size is expected to grow to $18.49 billion in 2027 at a CAGR of 35.2%. The increasing demand for electric vehicles owing to growing environmental awareness is expected to drive the growth of the electric car chargers market over the coming years. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport as a substitute for costly fuel. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing sales of electric vehicles drive the growth of the electric car chargers market. Major players in the electric car chargers market are Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive PLC., Bosch Automotive Service Solutions Inc., Elektromotive Ltd., Hubbell Device-Kellems, Legrand, TurboDock, GE, Chargepoint, and Blink. The impact of COVID-19 hampered the growth of the electric car chargers market. The global automotive sector is experiencing a decline due to the lockdown in many nations, which has limited the growth of electric vehicles. For instance, in Germany, new registrations for electric cars decreased by 35% in the first quarter of 2020 compared to the same timeframe in 2019. Therefore, the outbreak of COVID-19 restrained the growth of the electric car chargers market. The growing technological advancements are shaping the electric car chargers market. Major companies operating in the electric car charger sector are focusing on developing technologically advanced solutions for electric car chargers. For instance, in February 2020, the Bengaluru-based start-up, Kirana Charzer, launched an electric vehicle charger that can be mounted in small stores and businesses to accelerate the expansion of the electric vehicle charging network in the region. Kirana Charzer can be operated by any user on the Charzer application to deliver public EV charging and generate income via their charging point. In June 2022, Schneider Electric, a France-based company that specializes in digital automation and energy management, acquired EV Connect, Inc. for an undisclosed amount. Schneider Electric's acquisition of EV Connect will allow the company to accelerate its growth alongside the present management team. EV Connect Inc. is a US-based provider of electric charging solution. Asia-Pacific was the largest region in the electric car chargers market in 2022. The regions covered in the electric car chargers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric car chargers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electric car chargers market consists of sales of slow alternating current (AC) electric-car chargers, fast alternating current (AC) electric-car chargers, and fast direct current (DC) electric-car chargers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric car chargers market research report is one of a series of new reports from The Business Research Company that provides electric car chargers market statistics, including electric car chargers industry global market size, regional shares, competitors with a electric car chargers market share, detailed electric car chargers market segments, market trends and opportunities, and any further data you may need to thrive in the electric car chargers industry. This electric car chargers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The EV battery recycling refers to the process of recycling the batteries of electric vehicles. Lithium-ion batteries are the common type of batteries that are used in electric vehicles (EVs), and recycling of these batteries is done to reclaim the crucial minerals such as lithium, cobalt, manganese, and nickel. These minerals are further used to produce new batteries. The main types of EV battery recycling are lead-acid batteries, lithium-based batteries, and others. The lead-acid battery refers to rechargeable batteries that have a small energy-to-volume ratio and a very low energy-to-weight ratio. They have a low energy density, a long life, and are cost-effective. The recycling of these batteries involves the extraction of lead metal from the batteries and is a rigorous process. Advanced high-power lead-acid batteries are being developed for use in commercial electric vehicles. The various processes include pyrometallurgical, hydrometallurgical, and others, which are used in various vehicle types such as passenger cars and commercial vehicles. The various applications include electric cars, electric buses, energy storage systems, and others. The global ev battery recycling market is segmented - 1) By Battery Type: Lead-Acid Battery, Lithium-Based Battery, Other Battery Types 2) By Process: Pyrometallurgical, Hydrometallurgical, Other Processes 3) By Vehicle Type: Passenger Cars, Commercial Vehicles 4) By Application: Electric Cars, Electric Buses, Energy Storage Systems, Other Applications The global ev battery recycling market size will grow from $1.77 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 32.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ev battery recycling is expected to grow to $6.73 billion in 2027 at a CAGR of 30.2%. An increase in the sales of electric vehicles (EV) is expected to propel the growth of the EV battery recycling market going forward. EVs are vehicles that are either partially or fully powered by electricity and contain a battery that powers an electric motor. EV batteries contain critical minerals that can be reclaimed through recycling of end-of-life EV batteries and used for manufacturing new batteries that are used in electric vehicles. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, global sales of EVs that include fully electric and plug-in hybrids reached 6.6 million units in 2021. Also, the total number of EVs on the roads worldwide stood at 16.5 million in the year 2021. Therefore, the increase in the sales of electric vehicles is driving the demand for the growth of the EV battery recycling market. Major players in the EV battery recycling market are Accurec Recycling Gmbh, American Manganese Inc., Umicore, Li-Cycle Corp., G & P Batteries, Recupyl, Retriev Technologies, Sitrasa, Floridienne (Snam S.A.S.), Redwood Materials, Attero Recycling, Australian Battery Recycling Initiatives, TES-Amm, Gravita India Ltd., Ziptrax Cleantech, Lohum Cleantech, and ACE Green Recycling Inc. The emergence of new processes is a key trend gaining popularity in the EV battery recycling market. Major companies operating in the EV battery recycling sector are developing new and innovative processes to recover valuable battery minerals. For instance, in March 2022, Ascend Elements, a US-based manufacturer of advanced battery materials, and Koura, a US-based manufacturer of fluoroproducts have jointly developed a new process, called Hydro-to-Anode that can recover 99.9% pure graphite from the used batteries. The quality of the recovered graphite is at par with virgin graphite, and it can be used for manufacturing new batteries. The use of this process is cost effective and enables economical recycling of lithium-ion (Li-ion) batteries, and also minimizes the need for mining new materials. In March 2022, Retriev Technologies, a US-based lithium battery recycling, and management company acquired Battery Solutions for an undisclosed amount. This acquisition is expected to expand Retriev Technologies' expertise in the area of the battery-centric logistics network, cross-chemistry collection, and end-of-life battery sorting services. Also, it will enable Retriev in expanding the current offerings of the company and expanding its footprint in the US market. Battery Solutions is a US-based battery recycling management company. Asia-Pacific was the largest region in the EV battery recycling market in 2022. The regions covered in the global EV battery recycling market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the EV battery recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The EV battery recycling market includes revenues earned by entities by nickel-metal hydride batteries and ultracapacitors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The EV battery recycling market research report is one of a series of new reports from The Business Research Company that provides EV battery recycling market statistics, including EV battery recycling industry global market size, regional shares, competitors with an EV battery recycling market share, detailed EV battery recycling market segments, market trends and opportunities, and any further data you may need to thrive in the EV battery recycling industry. This EV battery recycling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Secondary batteries are electrical batteries that can be charged, discharged, and recharged multiple times. Secondary batteries are rechargeable batteries and are also called storage batteries. Secondary batteries are highly cost-efficient in the long term and are environmentally friendly. These are used in portable devices, electronics, and motor vehicles. The main product types of secondary batteries are lead-acid, lithium-ion (Li-ion), and nickel-metal hydride. The nickel-metal hydride (NiMH) battery is a type of rechargeable battery that is widely used in laptop computers, as well as mobile phones, camcorders, and other electronic devices. The negative electrode of a NiMH battery is made of a hydrogen-absorbing alloy and, in some cases, a variety of intermetallic compounds. Nickel-oxide hydroxide is used to make the positive electrode. The batteries are used in electronics, motor vehicles, portable devices, and other applications by automotive, household, and industrial end-users. The global secondary batteries market is segmented - 1) By Product Type: Lead Acid, Lithium-Ion (Li-Ion), Nickel Metal Hydride, Other Product Type 2) By Application: Electronics, Motor Vehicles, Portable Devices, Other Applications 3) By End User: Automotive, Household, Industrial The global secondary batteries market size will grow from $79.56 billion in 2022 to $89.32 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global secondary batteries is expected to grow to $137.69 billion in 2027 at a CAGR of 11.4%. Increasing demand for electric vehicles will positively impact the secondary batteries market. Secondary batteries are increasingly being used in hybrid vehicles. The wide temperature ranges between -30°C to +75°C and the rapid charging capacity of Nickel Metal Hybride (NiMH) batteries are ideal for the automotive sector. NiMH batteries can handle the high-power levels which are essential for electric vehicles. According to Bloomberg New Energy Finance (BNEF) report, electric vehicle sales are expected to reach 540 million by 2040, which is around 32% of the world’s passenger vehicles. Therefore, the increasing demand for electric vehicles will drive the growth of the secondary batteries market. Major players in the secondary batteries market are BYD Company Ltd., Samsung SDI Co. Ltd., LG Chem Co. Ltd., Johnson Controls, Amperex Technologies Ltd., Energizer Holdings Inc., Panasonic Corporation, Aquion Energy, Battery Technology Inc., and Beckett Energy Systems. Stringent government regulations for secondary battery manufacturing hindering the growth of the secondary battery market. The battery manufacturing process generates wastewater and releases pollutants such as cadmium, cobalt, copper, cyanide, iron, lead, manganese, mercury, nickel, and zinc The manufacturers are usually advised unless mandated to reduce the number of hazardous substances released into the environment. For instance, the USA Environmental Protection Agency (EPA) formulated the battery manufacturing effluent guidelines and standards to regulate such pollutants. Therefore, stringent government regulations hinder the secondary batteries market’s growth. Recent developments in NiMH battery manufacturing have improved the lifespan of nickel-metal hydride batteries. The electro positivity of the A-elements makes them easy to corrode in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve reaction kinetics and corrosion stability of conventional NiMH batteries. For instance, researchers at Stockholm University, a Swedish public university, have developed metal hydride surface structures for NiMH batteries to extend cycle life. In January 2020, German battery manufacturer, VARTA AG acquired the US-based Energizer Holdings, Inc.’s subsidiary, VARTA Consumer Batteries for $401 million. The acquisition will likely strengthen VARTA AG’s battery business and expand its product portfolio. VARTA Consumer Batteries manufactures and markets dry and primary batteries globally. The company was founded in 2002 and is headquartered in Ellwangen, Germany. Asia-Pacific was the largest region in the secondary batteries market in 2022. North America was the second-largest region in the global secondary batteries market share. The regions covered in the global secondary batteries market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the secondary batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The secondary batteries market consists of sales of lithium nickel magnesium cobalt (LI-NMC), lithium ferro phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), D-battery, C battery, A battery, AA battery, AAA battery, small-sized Ni-MH battery for consumer electronics and large-sized Ni-MH battery for HEV, motive lead-acid batteries, stationary lead-acid batteries, carbon batteries, flow batteries, glass air batteries, and other secondary batteries. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The secondary batteries market research report is one of a series of new reports from The Business Research Company that provides secondary batteries market statistics, including secondary batteries industry global market size, regional shares, competitors with a secondary batteries market share, detailed secondary batteries market segments, market trends and opportunities, and any further data you may need to thrive in the secondary batteries industry. This secondary batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive microcontrollers refer to self-contained systems consisting of processors, memory, and peripherals, and used as an embedded system. The system uses an integrated chip that is used to control the functions in automobiles. Microcontrollers are used in a system that is small and consists of the least number of components. The systems used in automobiles are remote control systems, operating systems, and automobile audio systems. The main types of automotive microcontrollers are 8-bit, 16-bit, and 32-bit. The 8-bit microcontroller contains an 8-bit CPU. Internal operations are performed on 8-bit numbers, and external I/O is obtained through 8-bit buses. Automotive microcontrollers are used in different vehicle types such as passenger ICE vehicles, commercial ICE vehicles, and electric vehicles and are used for connectivity such as vehicle to vehicle (V2V) connectivity, vehicle to infrastructure (V2I) connectivity, and vehicle to cloud (V2C) connectivity. Technologies used in automotive microcontrollers include adaptive cruise control, park assist systems, blind spot detection, and tyre pressure monitoring systems. Applications of automotive microcontrollers include powertrain and chassis, body electronics, safety and security systems, and infotainment and telematics. The global automotive microcontrollers market is segmented - 1) By Type: 8 Bit, 16 Bit, 32 Bit 2) By Vehicle Type: Passenger ICE Vehicle, Commercial ICE Vehicle, Electric Vehicle 3) By Connectivity: Vehicle to Vehicle (V2V) Connectivity, Vehicle to Infrastructure (V2I) Connectivity, Vehicle to Cloud (V2C) Connectivity 4) By Technology: Adaptive Cruise Control, Park Assist System, Blind Spot Detection, Tire Pressure Monitoring System 5) By Application Type: Powertrain and Chassis, Body Electronics, Safety and Security Systems, Infotainment and Telematics The global automotive microcontrollers market size grew from $11.69 billion in 2022 to $12.84 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive microcontrollers is expected to grow to $18.8 billion in 2027 at a CAGR of 10.0%. Growing demand for driverless vehicles is contributing to the growth of the automotive microcontrollers market. An autonomous vehicle is able to operate itself and perform necessary functions without human intervention. An autonomous vehicle utilizes a fully automated driving system to allow the vehicle to respond to external conditions. Multicore microcontroller families support autonomous driving applications. For instance, according to Hindu Business Line data 2021, autonomous driving is increasingly gaining popularity as 3.5 million passenger cars sold worldwide had level 2 autonomy driving features in Q4 2020, growing 91% year-on-year. Growing demand for driverless vehicles will drive the growth of the automotive microcontrollers market. Major players in the automotive microcontrollers market are Toshiba Corp, Infineon Technologies AG, NXP Semiconductors, ON Semiconductor, Analog Devices Inc., Renesas Electronics Corporation, STMicroelectronics NV, Cypress Semiconductor Corporation, Microchip Technology Inc., Rohm Semiconductors, Texas Instrument Incorporated, Maxim Integrated, Silicon Labs Private Limited, and Fujitsu Limited. Mergers and acquisitions are a key trend gaining popularity in the automotive microcontrollers market. In August 2021, Analog Devices, a US-based semiconductor company, acquired Maxim Integrated for a deal of $20 billion. This acquisition creates an analog semiconductor giant with more than 50,000 products, giving it the scale to become a more formidable foe to Texas Instruments. Maxim Integrated is a US-based company that manufactures and sells analog and mixed-signal integrated circuits for the automotive and industrial markets. In April 2020, Infineon Technologies AG, a German semiconductor manufacturer, acquired Cypress Semiconductor Corporation for an undisclosed amount. This acquisition of Cypress will enhance its focus on structural growth drivers and applications. Cypress Semiconductor Corporation is a US-based semiconductor manufacturing company. In April 2020, Infineon Technologies AG, a German semiconductor manufacturer, acquired Cypress Semiconductor Corporation for an undisclosed amount. This acquisition of Cypress will enhance its focus on structural growth drivers and applications. Cypress Semiconductor Corporation is a US-based automotive microcontroller manufacturing company. Asia-Pacific was the largest region in the automotive microcontrollers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive microcontrollers market analysis report are Asia-Pacific,Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Automotive Microcontrollers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive microcontrollers market consists of sales of battery cell controllers, battery chargers, battery sensors .Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive microcontrollers market research report is one of a series of new reports from The Business Research Company that provides automotive microcontrollers market statistics, including automotive microcontrollers industry global market size, regional shares, competitors with automotive microcontrollers market share, detailed automotive microcontrollers market segments, market trends and opportunities, and any further data you may need to thrive in the automotive microcontrollers industry. This automotive microcontrollers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive PCB manufacture and supply printed circuit boards (PCBs) for the automobile industry. Printed circuit boards support, connect, and control all the electronic components in automobile vehicles. Printed circuit boards are used in various parts of a vehicle, such as airbag controls, anti-lock brake systems, anti-theft systems, audio-video systems, climate control, digital displays, power steering, and many others. The main types of automotive PCBs covered in this report are double-sided PCBs, multi-layer PCBs, and single-sided PCBs. By vehicle type, automotive PCBs are used in battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and internal combustion engine (ICE) vehicles. Major applications of automotive PCBs include ADAS and basic safety, body and comfort, vehicle lighting, infotainment components, and powertrain components. The end users of automotive PCB are economic light duty vehicles, luxury light duty vehicles, and mid-priced light duty vehicles. The global automotive PCB market is segmented - 1) By Type: Double-Sided PCB, Multi-Layer PCB, Single-Sided PCB 2) By Vehicle Type: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Internal Combustion Engine (ICE) Vehicles 3) By Application: ADAS and Basic Safety, Body, Comfort, and Vehicle Lighting, Infotainment Components, Powertrain Components 4) By End User: Economic Light Duty Vehicles, Luxury Light Duty Vehicles, Mid-Priced Light Duty Vehicles The global automotive PCB market size grew from $8.7 billion in 2022 to $9.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive PCB is expected to grow to $13.08 billion in 2027 at a CAGR of 8.5%. The rise in demand for hybrid electric vehicles and battery-operated electric vehicles is expected to propel the growth of the automotive PCB market. PCBs play a major role in the automotive industry, as they are essential for the functionality of sensors and other components in the automobile. The growing sales of electric vehicles and battery-operated electric vehicles are directly impacting the demand for automotive PCBs. According to a study by JP Morgan, by 2025, EVs and HEVs will account for an estimated 30% of all vehicle sales. Therefore, the rise in demand for hybrid electric vehicles and battery-operated electric vehicles is driving the growth of the automotive PCB market. Major players in the automotive pcb market are Amitron Corp, Chin Poon Industrial Co. Ltd., CMK Corporation, Daeduck Electronics, KCE Electronics, Meiko Electronics Co. Ltd., Nippon Mektron Ltd., Samsung Electro-Mechanics, Tripod Technologies, TTM Technologies, Unimicron, AT & S Austria Technologies & Systemtechnik Aktiengesellschaft, and Delphi. The rise in adoption of Advanced Driver Assistance Systems (ADAS) is one of the key trends in the automotive PCB market. The use of PCB in ADAS systems is expected to grow significantly going forward, and companies are focusing on expanding the capacity of automotive PCB to meet the rising demand for ADAS technologies. For example, in 2021, Meiko Electronics, a Japan-based PCB manufacturer, announced plans to open new PCB manufacturing plants in Vietnam and Japan to expand its production capacity of PCB products due to the rising demand for ADAS and EV applications. In November 2020, ILFA Feinstleiter Technologie, a Germany-based PCB manufacturer, acquired Skytech Europe GmbH for an undisclosed amount. The acquisition is expected to make ILFA one of the top five PCB suppliers in Germany and will serve existing and new customers at a higher level. Skytech Europe GmbH, founded in 2008, is a Germany-based manufacturer of a wide range of printed circuit boards for various industries such as consumer electronics and automotive. Asia-Pacific was the largest region in the automotive PCB market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive PCB market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Automotive PCB market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive PCB market consists of sales flex PCB, rigid PCB, HDI PCB’S, LED PCB. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive PCB research report is one of a series of new reports from The Business Research Company that provides automotive PCB market statistics, including automotive PCB industry global market size, regional shares, competitors with automotive PCB market share, detailed automotive PCB market segments, market trends and opportunities, and any further data you may need to thrive in the automotive PCB industry. This automotive PCB market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An automotive heat exchanger is a device designed for the automobile industry that allows heat to be transferred between two mediums at different temperatures. The medium consists of fluids that are separated by a material such as metals with heat transfer properties and flow close to each other. The automotive heat exchanger is used to remove heat from automotive mechanical systems. The main types of designs in automotive heat exchangers are tube fin, plate bar, and others. Fin tubes are the main component of a heat exchanger system. Primarily, the efficiency of a heat exchanger depends on the heat transfer capabilities of finned tubes. The different types of vehicles include passenger cars, light commercial vehicles, and heavy commercial vehicles and involve various electric vehicles such as battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). It is used in several applications, including radiators, oil coolers, intercoolers, air conditioning systems, exhaust gas heat exchangers, and others. The global automotive heat exchanger market is segmented – 1) By Design Type: Tube Fin, Plate Bar, Other Design Types 2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Electric Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV) 4) By Application: Radiators, Oil Coolers, Intercoolers, Air Conditioning Systems, Exhaust Gas Heat Exchangers, Other Applications The global automotive heat exchanger market size will grow from $24.5 billion in 2022 to $27.06 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive heat exchanger market is expected to grow to $37.97 billion in 2027 at a CAGR of 8.8%. The increasing production of commercial and passenger vehicles is significantly contributing to the growth of the automotive heat exchanger market. Passenger vehicles are automobiles that are used to transport passengers, whereas commercial vehicles transport a larger number of people for business purposes. The high production of automobiles requires a large number of automotive parts, including automotive heat exchangers, to be installed in the new vehicle, thereby promoting the automotive heat exchanger market's growth. For instance, according to the China Association of Automobile Manufacturers, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive heat exchanger market going forward. Major players in the automotive heat exchanger market are ABB Ltd., AMEC Foster Wheeler Ltd., CNBM Group, Cochran Ltd., Dalian East New Energy Development Co. Ltd., Dürr Group, ElectraTherm, E-Rational, Forbes Marshall, General Electric, GETEC Energie Holding GmbH, IHI Corp., Mitsubishi Power Ltd., Ormat Technologies, Rentech Boiler Systems Inc., Siemens, Thermax Limited, Viessmann Limited, AC Boilers SpA, Bosch Thermotechnology, and Walchandnagar. Product innovations have emerged as a key trend in the automotive heat exchanger market. Major companies operating in the automotive heat exchanger sector are focused on developing innovative heat exchangers to reinforce their position. For instance, in January 2022, Conflux Technology, an Australia-based additive manufactured heat exchanger expert company, is developing the most advanced additively manufactured 3D printed heat exchanger designs using metal 3D printing technology in partnership with Dallara. It is a small heat exchanger that meets stringent quality, performance, and cost targets. The 3D printed heat exchanger is highly efficient in terms of thermal exchange, pressure drop, and weight. In May 2021, Hanon Systems, a South Korea-based automotive thermal and energy management solutions company acquired a condenser business from Keihin Corporation for an undisclosed amount. Through this acquisition, Hanon Systems aims to expand its ability to supply condenser technology to automakers and diversify the customer base. Keihin Corporation is a Japan-based automotive and motorcycle parts company that operates in the manufacturing of heat exchangers for automobiles. Asia-Pacific was the largest region in the automotive heat exchanger market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive heat exchanger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive heat exchanger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive heat exchanger market consists of sales of double-pipe heat exchanger, shell-and-tube heat exchanger, plate heat exchanger and condensers and boilers heat exchangers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive heat exchanger market research report is one of a series of new reports from The Business Research Company that provides automotive heat exchanger market statistics, including automotive heat exchanger industry global market size, regional shares, competitors with an automotive heat exchanger market share, detailed automotive heat exchanger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat exchanger industry. This automotive heat exchanger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive relays are electronically operated switches that open and close circuits electronically. It is designed for DC voltages in retainment systems and passenger consolation that can control power levels in adverse environments. The automotive relay use electromagnetism to operate a higher current circuit in automobiles. The main products in the automotive relays category are PCB relays, plug-in relays, and others. Plug-in relays permit an easy exchange within the system and are utilised in applications such as wipers and pumps, energy management, fans, and heaters. The various vehicle types are passenger vehicles, commercial vehicles, and electric vehicles. The different relay types include solid-state relays (SSR), hybrids, and electromechanical that are used in applications such as powertrain systems, body and chassis, convenience, safety and security, and driver information. The global automotive relay market is segmented – 1) By Product: PCB Relays, Plug-in Relays, Other Products 2) By Relay Type: Solid State Relays (SSR), Hybrid, Electromechanical 3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles 4) By Application: Powertrain Systems, Body And Chassis, Convenience, Safety And Security, Driver Information The global automotive relay market size will grow from $15.45 billion in 2022 to $17.08 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive relay market is expected to grow to $23.42 billion in 2027 at a CAGR of 8.2%. The increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive relay market going forward. Passenger vehicles are motor vehicles that transport passengers, whereas commercial vehicles transport a larger number of people for commercial purposes. The high production requires a large number of automotive parts, including automotive relays, to be installed in the new vehicle, thereby promoting the automotive relay market's growth. For instance, according to the China Association of Automobile Manufacturers 2021, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is driving the growth of the automotive heat exchanger market. Major players in the automotive relay market are Fujitsu Ltd., Denso Electronics Corporation, Panasonic Corporation, TE Connectivity, Omron Corporation, HELLA GmbH & Co. KGaA, Littelfuse Inc., Microchip Technology Inc., Robert Bosch GmbH, Eaton Corporation PLC, ABB Ltd., Sharp Corporation, NEC Corporation, Daesung Electric, and Mouser Electronics Inc. Product innovations have emerged as the key trend gaining popularity in the automotive relay market. Major players operating in the automotive relay market are developing innovative products to strengthen their position. For instance, in January 2021, New Yorker Electronics, a US-based company that provides electronic components, developed a new CIT relay and RoHS-compliant A6 Series of automotive relays. This is a lightweight and small relay series that offers low coil power consumption, solderability of +260 °C for 5 seconds, and switching current up to 30A, 1A, and 1C contact configurations. It also possesses an electrical life of 100K cycles with a 10M mechanical life cycle. In August 2021, Faurecia, a French-based automobile company, acquired a 60% stake in Hella for an undisclosed amount. Through this acquisition, Faurecia aims to accelerate profitable growth by combining both companies' product portfolios and market reach to improve the strategic positioning of the company through innovation in electronic and software content. Hella is a Germany-based company that manufactures electronic components, including automotive relays. Asia-Pacific was the largest region in the automotive relay market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive relay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive relay market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive relay market consists of sales of potted relays, flasher relays, thermal (standard) flasher, electro-mechanical flasher, led flashers and wig-wag flashers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive relay market research report is one of a series of new reports from The Business Research Company that provides automotive relay market statistics, including automotive relay industry global market size, regional shares, competitors with market share, detailed automotive relay market segments, market trends and opportunities, and any further data you may need to thrive in the automotive relay industry. This automotive relay market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.