Automotive Power Electronics Market Booming by Rising Trend of Vehicle Electrification
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...