Automotive Power Electronics Market: 2018 Global Industry Forecast To 2023, is latest Global Automotive Power Electronics Market Size, Share, Growth And Trends Analysis From 2018 To 2023, comprises comprehensive information on Automotive Power Electronics Global Market by Component (MCU, Power IC, Sensor), Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, and Safety & Security System), by Electric Vehicle Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV) and Plug-in Hybrid Electric Vehicles (PHEV), by Vehicle Type (Passenger car and Commercial Vehicle) and region.
Automotive Power Electronics Key Companies Market Analyzed For this report are:
Mitsubishi Heavy Industries Ltd. (Japan), Maxim Products Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Qualcomm Ins. (U.S.), Robert Bosch GmbH (Germany), and Vishay Intertechnology Inc. (U.S.), Infineon Technologies AG (Germany), Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Renessa Electronics Corp. (Japan).
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Market Insights:
Power Electronics Market For Automotive has experienced potential growth over the past few years and it has been analyzed that the market will grow at the same pace during the forecast period. The factors that are responsible for the growth of automotive electronics market are increased demand of the advance technology in vehicles, growing environment concern leading to increased use of electric vehicles, and increase in safety of the electronics control panel in vehicles. The advancement in technology such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been emerging in the electric vehicles, which require power electronics for the protection of the system. This advancement in the technology have resulted in the increase use of power electronics in the vehicles.
Automotive power electronics make use of the solid state circuit device that coverts the current from the source to the load. They are responsible to control power fluctuation in components such as monitoring diodes, and transistors. The major application such as Body Electronics, Chassis & Powertrain, Infotainment & Telematics, and Safety & Security System requires energy conservation for the safety of the system.
In the last three to four years, the demand for electric vehicles in the United States has been rapidly increasing, with year-on-year sales growth of 70%. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third new car is electric and the country has the highest proportion of 6.4% worldwide, followed by Sweden i.e. 3.4%. The growth of electric vehicles is increasing across the globe and since 2014, the sales doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide. The increase of electric vehicles will be due to increase fuel price, which is expected to result in the growing demand of power electronics. This will result in the growth of the market during the forecast period.
Regional Overview Of Automotive Power Electronics Market:
The global Automotive Power Electronics market is segmented on the basis of geography in the regions of Asia Pacific, North America, Europe, and the Middle East & Africa.
In Europe, countries such as U.K., Germany, France, and Italy have made considerable effort for the development of technology in automotive industry. This development in technology has resulted in the growth of the market during the forecast period. North America region is expected to dominate the market during the forecast period due to increase in use of advance technology in electric vehicle in this region.
Asia Pacific is expected to have the highest market share during the forecast period due to increased adoption of advance technology in electric vehicles. This will result in growing demand of power electronics, which is expected to result in the growth of the market during the forecast period.
Market Segmentation:
The automotive power electronics market has been segmented based on component, application, vehicle type, and region.
On the basis of component, the market has been segmented as MCU, Power IC, and Sensor. The sensor segment is expected to witness the highest growth during the forecast period because it is the key component in the electric vehicles. Sensors are mainly used in ADAS technology, electronic stability control (ESC), and electronic control unit (ECU), which are the key technologies used in electric vehicles.
Based on applications, the market has been segmented as body electronics, chassis & powertrain, infotainment & telematics, and safety & security system. The body electronics segment is expected to dominate the market during the forecast period due to growing government regulations and initiative for the adoption of smart transportation solution with advance safety features.
On the basis of vehicle type, passenger car segment is expected to dominate the market during the forecast period due to rapidly increasing sales of electric cars.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
List Of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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