The Automotive Power Electronics Market is expected to reach USD 5.49 billion by 2022, at a CAGR of 4.48% between 2017 and 2022. The most significant factor driving the automotive power electronics market is the increasing vehicle production which, in turn, is leading to the rise in demand for the installation of power electronic components in the automobiles. The rising trend of vehicle electrification and the growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth in the installation of the power electronic components in the automobiles.
The increased demand for high-end vehicles and the growing stringency of emission regulations have changed the market dynamics for automotive power electronic component manufacturers. Along with this, the leading OEMs are also adopting collaboration strategies with local players to expand their product base and customers. For example, in 2017, Bosch, is collaborating with Sony Semiconductor Solutions (Japan), to design sensors for automotive HDR cameras. The factors mentioned above are driving innovations in automotive technologies and products. One such innovation is the light-weight power electronics used in various applications of the automotive industry.
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The automotive power electronics market is dominated by few global players and many regional players. The ecosystem of the automotive power electronics market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end-users, and post sales services. The report also profiles the most promising players in the automotive power electronics market. The vendor micro quadrant matrix of this market presents an interesting picture where many big and small players have become a force to reckon with. Few of the profiled key players include STMicroelectronics N.V. (Switzerland), ON Semiconductors Corp. (U.S.), Toshiba Corp. (Japan), Renesas Electronics Corp. (Japan), and Qualcomm (U.S.).
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Detailed analysis and profiling of additional regions (up to 3)
- Detailed analysis and profiling of additional market players (up to 3)
- Detailed analysis of additional automotive power electronic component (only 1)
- Detailed analysis of automotive optoelectronics market(up to 2 regions)
- Detailed analysis of hybrid and electric vehicles power electronics market
- Detailed analysis of automotive power electronics market, in terms of power output by battery
The global automotive power electronics market is dominated by a few top players such as NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Toshiba Corp. (Japan), Texas Instruments Inc. (U.S.), and Mitsubishi Electric Corp. (Japan), along with other tier I and tier II suppliers.
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