Reports

Global Automotive Power Electronics Market: By Device Type: Power IC, Power Module, Power Discrete; By Application Type; By Drive Type; By Component Type; By Vehicle Type; By Electric Vehicle Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Automotive Power Electronics Market Outlook

The global automotive power electronics market reached a value of about USD 3.8 billion in 2021. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2023-2028 to reach a value of around USD 5.0 billion by 2027.

 

Global Automotive Power Electronics Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Demand for Electric Vehicles to Bolster the Market Growth of Automotive Power Electronics

The transition to electric mobility for decarbonising the transport sector is leading to the increasing production and sales of electric vehicles worldwide, thus augmenting the market growth of automotive power electronics. This is due to the application of automotive power electronics in controlling and processing the flow of electrical energy in the electric vehicle systems, such as heating and ventilation, lighting, and infotainment. In addition, the power electronics act with high efficiency and the use of MOSFETs in power electronic switches reduces the overall size of the automotive power train. Moreover, the government initiatives in planning and executing a robust electric vehicle charging infrastructure network are also leading to the incremental development of the automotive power electronics industry. In India, the Government of the National Capital Territory of Delhi formed a Working Group for Accelerated Rollout Charging Infrastructure in 2019 to implement the strategy for setting up electric vehicle charging infrastructure in Delhi.

 

The Asia Pacific to Account for a Significant Share in the Market for Automotive Power Electronics

The growing presence of automotive power electronics manufacturers and the increasing vehicle production in the region are fuelling the market growth. Also, the broad population base, increasing middle-class income, and rapid urbanisation lead to the massive demand for vehicles, hence bolstering the market development of automotive power electronics. In addition, the government initiatives toward road safety are resulting in the mandatory adoption of safety systems such as anti-lock braking systems, which is accelerating the market growth of automotive power electronics. For instance, in 2018, the Government of India tightened the safety standards such as anti-lock braking systems to prevent road accidents, thereby invigorating the automotive power electronics industry.

 

Market Segmentation

The modern automotive possesses an extensive electric system that plays a crucial role in vehicle operation, passenger safety, and comfort. In this regard, the automotive power electronics controls, processes, and conditions the electric, electromechanical, and electronic loads present in the vehicles. The automotive electronics include modern electric power steering, HEV main inverter, central body control, braking system, and seat control, among others.

 

Global Automotive Power Electronics Market by Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The market for automotive power electronics, by device type, is divided into:

  • Power IC
  • Power Module
    • Intelligent Power Module (IPM)
    • Power Integrated Module (PIM)
  • Power Discrete
    • Diode 
    • Transistor
    • Thyristor

Based on application type, the market is segmented into:

  • ADAS and Safety
    • ADAS 
    • Electric Power Steering (EPS)
    • Anti-lock Braking System (ABS)
  • Body Control and Comfort
    • TPMS
    • Lighting
      • Exterior Lighting
      • Interior Lighting
    • Seat Control
      • Heated Seats
      • Seat Adjustment
    • HVAC
    • Start-Stop Module
  • Infotainment
    • Instrument Cluster
    • Audio System
  • Telematics
    • Vehicle Management
    • V2X
  • Engine Management and Powertrain
    • Engine Control
    • Transmission Control
  • Battery Management

On the basis of drive type, the market is classified into:

  • IC Engine Vehicle
  • Electric Vehicle

Based on component type, the market is divided into:

  • Sensor
  • Microcontroller Unit
  • Power Integrated Circuit

On the basis of vehicle type, the market is categorised into:

  • Passenger Cars
  • Commercial Vehicles

Based on electric vehicle type, the market is divided into:

  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Plug-in Hybrid Electric Vehicles

The regional markets for automotive power electronics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Automotive Power Electronics Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Growing Adoption of Electronic Systems to Drive the Market Growth of Automotive Power Electronics

The evolution of the automobile sector from heavily mechanised systems to the integration of electronic systems is playing a critical role in expanding the market for automotive power electronics. In addition, the importance of power electronics in the functioning of chassis systems, body electronics, safety and security systems, telematics, and infotainment is also contributing to the steady growth of the market. Also, the stringent government regulation in various countries to reduce carbon footprint and the rising limits imposed on fuel efficiency is significantly catalysing vehicle electrification, thereby invigorating the market growth.

Moreover, the growing preference of customers toward advanced technologies with enhanced safety features for a better driving experience is providing impetus to the market development of automotive power electronics. Further, the advancements in automotive technologies and the research activities to revolutionise power electronics in order to build a fuel economy are estimated to augment the market for automotive power electronics in the forecast period.

 

Key Players in the Global Automotive Power Electronics Market

The report gives a detailed analysis of the following key players in the global automotive power electronics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Robert Bosch GmbH
  • Continental AG
  • Infineon Technologies AG
  • STMicroelectronics International N.V.
  • Mitsubishi Electric Corporation
  • Fuji Electric Co., Ltd.
  • BorgWarner Inc.
  • Danfoss A/S.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Device Type
  • Application Type
  • Drive Type
  • Component Type
  • Vehicle Type
  • Electric Vehicle Type
  • Region
Breakup by Device Type
  • Power IC
  • Power Module
    • Intelligent Power Module (IPM)
    • Power Integrated Module (PIM)
  • Power Discrete
    • Diode 
    • Transistor
    • Thyristor
Breakup by Application Type
  • ADAS and Safety
    • ADAS 
    • Electric Power Steering (EPS)
    • Anti-lock Braking System (ABS)
  • Body Control and Comfort
    • TPMS
    • Lighting
      • Exterior Lighting
      • Interior Lighting
    • Seat Control
      • Heated Seats
      • Seat Adjustment
    • HVAC
    • Start-Stop Module
  • Infotainment
    • Instrument Cluster
    • Audio System
  • Telematics
    • Vehicle Management
    • V2X
  • Engine Management and Powertrain
    • Engine Control
    • Transmission Control
  • Battery Management
Breakup by Drive Type
  • IC Engine Vehicle
  • Electric Vehicle
Breakup by Component Type
  • Sensor
  • Microcontroller Unit
  • Power Integrated Circuit
Breakup by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
Breakup by Electric Vehicle Type
  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Plug-in Hybrid Electric Vehicles
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Continental AG
  • Infineon Technologies AG
  • STMicroelectronics International N.V.
  • Mitsubishi Electric Corporation
  • Fuji Electric Co., Ltd.
  • BorgWarner Inc.
  • Danfoss A/S.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Power Electronics  Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Power Electronics Historical Market (2018-2022) 
    8.3    Global Automotive Power Electronics Market Forecast (2023-2028)
    8.4    Global Automotive Power Electronics Market by Device Type
        8.4.1    Power IC
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Power Module
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Intelligent Power Module (IPM)
                8.4.2.4.2    Power Integrated Module (PIM)
        8.4.3    Power Discrete
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Diode 
                8.4.3.4.2    Transistor
                8.4.3.4.3    Thyristor
    8.5    Global Automotive Power Electronics Market by Application Type
        8.5.1    ADAS and Safety
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    ADAS 
                8.5.1.4.2    Electric Power Steering (EPS)
                8.5.1.4.3    Anti-lock Braking System (ABS)
        8.5.2    Body Control and Comfort
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    TPMS
                8.5.2.4.2    Lighting 
                8.5.2.4.3    Breakup by Type
                    8.5.2.4.3.1    Exterior Lighting
                    8.5.2.4.3.2    Interior Lighting 
                8.5.2.4.4    Seat Control
                8.5.2.4.5    Breakup by Type
                    8.5.2.4.5.1    Heated Seats
                    8.5.2.4.5.2    Seat Adjustment
                8.5.2.4.6    HVAC
                8.5.2.4.7    Start-Stop Module
        8.5.3    Infotainment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
            8.5.3.4    Breakup by Type
                8.5.3.4.1    Instrument Cluster
                8.5.3.4.2    Audio System
        8.5.4    Telematics
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
            8.5.4.4    Breakup by Type
                8.5.4.4.1    Vehicle Management
                8.5.4.4.2    V2X
        8.5.5    Engine Management and Powertrain
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
            8.5.5.4    Breakup by Type
                8.5.5.4.1    Engine Control
                8.5.5.4.2    Transmission Control
        8.5.6    Battery Management
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
    8.6    Global Automotive Power Electronics Market by Drive Type
        8.6.1    IC Engine Vehicle
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Electric Vehicle
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Automotive Power Electronics Market by Component Type
        8.7.1    Sensor
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Microcontroller Unit
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Power Integrated Circuit
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
    8.8    Global Automotive Power Electronics Market by Vehicle Type
        8.8.1    Passenger Cars
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Commercial Vehicles
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
    8.9    Global Automotive Power Electronics Market by Electric Vehicle Type 
        8.9.1    Battery Electric Vehicles
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2022)
            8.9.1.3    Forecast Trend (2023-2028)
        8.9.2    Hybrid Electric Vehicles
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2022)
            8.9.2.3    Forecast Trend (2023-2028)
        8.9.3    Plug-in Hybrid Electric Vehicles
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2022)
            8.9.3.3    Forecast Trend (2023-2028)
    8.10    Global Automotive Power Electronics Market by Region       
        8.10.1    North America
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2018-2022) 
            8.10.1.3    Forecast Trend (2023-2028)
        8.10.2    Europe
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2018-2022) 
            8.10.2.3    Forecast Trend (2023-2028)
        8.10.3    Asia Pacific
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2018-2022) 
            8.10.3.3    Forecast Trend (2023-2028)
        8.10.4    Latin America
            8.10.4.1    Market Share
            8.10.4.2    Historical Trend (2018-2022) 
            8.10.4.3    Forecast Trend (2023-2028)
        8.10.5    Middle East and Africa
            8.10.5.1    Market Share
            8.10.5.2    Historical Trend (2018-2022) 
            8.10.5.3    Forecast Trend (2023-2028)
9    North America Automotive Power Electronics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Automotive Power Electronics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Automotive Power Electronics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Automotive Power Electronics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Automotive Power Electronics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code - 854231)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2      By Value
17   Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Robert Bosch GmbH
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Continental AG
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Infineon Technologies AG
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    STMicroelectronics International N.V.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Mitsubishi Electric Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Fuji Electric Co., Ltd.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    BorgWarner Inc.
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Danfoss A/S.
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    Others
18    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Automotive Power Electronics Market: Key Industry Highlights, 2018 and 2028
2.    Global Automotive Power Electronics Historical Market: Breakup by Device Type (USD Million), 2018-2022
3.    Global Automotive Power Electronics Market Forecast: Breakup by Device Type (USD Million), 2023-2028
4.    Global Automotive Power Electronics Historical Market: Breakup by Application Type (USD Million), 2018-2022
5.    Global Automotive Power Electronics Market Forecast: Breakup by Application Type (USD Million), 2023-2028
6.    Global Automotive Power Electronics Historical Market: Breakup by Drive Type (USD Million), 2018-2022
7.    Global Automotive Power Electronics Market Forecast: Breakup by Drive Type (USD Million), 2023-2028
8.    Global Automotive Power Electronics Historical Market: Breakup by Component Type (USD Million), 2018-2022
9.    Global Automotive Power Electronics Market Forecast: Breakup by Component Type (USD Million), 2023-2028
10.    Global Automotive Power Electronics Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
11.    Global Automotive Power Electronics Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
12.    Global Automotive Power Electronics Historical Market: Breakup by Electric Vehicle Type (USD Million), 2018-2022
13.    Global Automotive Power Electronics Market Forecast: Breakup by Electric Vehicle Type (USD Million), 2023-2028
14.    Global Automotive Power Electronics Historical Market: Breakup by Region (USD Million), 2018-2022
15.    Global Automotive Power Electronics  Market Forecast: Breakup by Region (USD Million), 2023-2028
16.    North America Automotive Power Electronics  Historical Market: Breakup by Country (USD Million), 2018-2022
17.    North America Automotive Power Electronics  Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Europe Automotive Power Electronics  Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Europe Automotive Power Electronics  Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Asia Pacific Automotive Power Electronics  Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Asia Pacific Automotive Power Electronics  Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Latin America Automotive Power Electronics  Historical Market: Breakup by Country (USD Million), 2018-2022
23.    Latin America Automotive Power Electronics  Market Forecast: Breakup by Country (USD Million), 2023-2028
24.    Middle East and Africa Automotive Power Electronics  Historical Market: Breakup by Country (USD Million), 2018-2022
25.    Middle East and Africa Automotive Power Electronics  Market Forecast: Breakup by Country (USD Million), 2023-2028
26.    Major Exporting Countries by Value
27.    Major Importing Countries by Value
28.    Major Exporting Countries by Volume
29.    Major Importing Countries by Volume
30.    Global Automotive Power Electronics Market Structure

Key Questions Answered in the Report

In 2021, the global automotive power electronics market attained a value of nearly USD 3.8 billion.

The market is estimated to grow at a CAGR of 4.5% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 5.0 billion by 2027.

The major market drivers are evolution of automotive sector with the integration of electronic systems, growing demand for electric vehicles, and the rising inclination of customers towards advanced and safe technologies.

The key market trends include advancements in automotive technologies, and the stringent government regulations to curb carbon emissions.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major device types in the market are power IC, power module, and power discrete.

The different application types in the market are ADAS and safety, body control and comfort, infotainment, telematics, engine management and powertrain, and battery management.

The significant market divisions, based on drive type, include IC engine vehicle and electric vehicle.

The major component types of the market are sensor, microcontroller unit, and power integrated circuit.

The various market divisions, based on vehicle type, include passenger cars and commercial vehicles.

The different electric vehicle types in the market are battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles.

The major players in the market are Robert Bosch GmbH, Continental AG, Infineon Technologies AG, STMicroelectronics International N.V., Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., BorgWarner Inc., and Danfoss A/S, among others.

Analyst Review

The global automotive power electronics market attained a value of nearly USD 3.8 billion in 2021, driven by the growing demands for electric vehicles. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.5%. The market is estimated to reach about USD 5.0 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for automotive power electronics, by device type, can be segmented into power IC, power module, and power discrete. Based on application types, the market is divided into ADAS and safety, body control and comfort, infotainment, telematics, engine management and powertrain, and battery management. On the basis of drive type, the market can be categorised into IC engine vehicle and electric vehicle. The major component types of the market are sensor, microcontroller unit, and power integrated circuit. The various market divisions, based on vehicle type include passenger cars and commercial vehicles. The different market divisions, based on electric vehicle type, are battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The major regional markets for automotive power electronics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Robert Bosch GmbH, Continental AG, Infineon Technologies AG, STMicroelectronics International N.V., Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., BorgWarner Inc., and Danfoss A/S, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER