Automotive DC

NEWARK, Del, June 06, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global automotive DC-DC converter market is estimated to reach a valuation of US$ 21,996 million in 2023. From 2023 to 2033, global sales of automotive DC-DC converters are projected to soar at 30.1% CAGR. By 2033, the total market size is forecast to reach US$ 289,542 million.

The isolated DC-DC converters segment dominates the global market with a share of around 86.1% in 2023. By vehicle type, the BEV segment accounts for a prominent share of the global automotive DC-DC converter industry.

The global market for automotive DC-DC converters is projected to expand rapidly as a result of the fast-growing electric vehicle market.

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Electric vehicles are rising to fame due to growing environmental concerns and increasing fuel costs. Similarly, governments worldwide are putting efforts towards promoting the adoption of electric vehicles. This in turn is expected to elevate automotive DC-DC converter demand.

Almost all electric vehicles require a DC-DC converter to control their electrical systems. These converters are essential for the proper functioning of various vehicle components and systems.

Manufacturers are strongly improving their material and built qualities of automotive DC-DC converters. They are concentrating on meeting the rising demand for more efficient automotive DC-DC converters in different types of electric vehicles.

Key manufacturers worldwide are actively engaged in developing their direct presence in the local markets through joint ventures and acquisitions with domestic businesses. They are concentrating on expanding their customer base by developing & providing solutions with different power ranges and voltage requirements within electric vehicles.

Key Takeaways from this Market Study :

" ’ Range Anxiety ’ represents a significant apprehension among electric vehicle owners, stemming from the fear of batteries depleting power before reaching their intended destinations or charging facilities. This concern is widely acknowledged within the electric vehicle community and is effectively addressed by the implementation of highly efficient DC-DC converters. As such, the perception of consumers towards Electric Vehicles remains a crucial factor in shaping the trajectory of the market's development. Manufacturers have a strategic window of opportunity to proactively influence and capitalize on the promis ing prospects within the market, " - says a lead analyst at Future Market Insights (FMI).

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Who is Winning?

Tier-1 Players account for around 40% to 45% of the overall market. These tier I players include Texas Instruments Inc., TDK Corporation, Murata Manufacturing Co. Ltd., STMicroelectronics, and Others.

Tier II and other players include manufacturers with a total annual revenue of less than US$ 250 million from the sales of automotive DC-DC converters. The manufacturers such as Infineon Technologies AG, Toshiba, Silver Atena, Fujitsu, Analog Devices (Maxim Integrated), Vicor Power, Semtech Corporation, Bel Fuse Corporation, and other regional and local players are expected to hold 55% to 60% of the market share.

Leading automotive DC-DC converter manufacturers are employing various strategies to increase their sales and expand their global footprints. This includes new product launches, acquisitions, partnerships, collaborations, mergers, facility expansions, and agreements. For instance,

Key Companies Profiled :

BEL FUSE INC, Texas Instruments, Infineon Technologies AG, STMicroelectronics, Murata Manufacturing Co. Ltd., BEL FUSE INC., Vicor Corporation, FUJITSU, TOSHIBA, Semtech Corporation, Analog Devices Inc., TDK Corp, Silver Atena GmbH.

Find More Valuable Insights :

The research report analyzes the market demand trends of the global automotive DC-DC converter market. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.

As per Future Market Insights (FMI) research scope, the automotive DC-DC converter market has been studied and segmented based on vehicle type, voltage, output power, sales channel, product type, form factor, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

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Market Segmentation :

By Vehicle Type:

By Voltage:

By Output Power:

By Sales Channel:

By Product Type:

By Form Factor:

By Country:

Table of Content (ToC):

1. Executive Summary | Automotive DC-DC Converter Market

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Product Type Analysis

4.2. Product USPs / Features

4.3. Product Strategic Promotional Strategies

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

5.1. Historical Market Volume (Units) Analysis, 2018 to 2022

5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033

5.3. Y-o-Y Growth Trend Analysis

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Explore Wide-ranging Coverage of FMI's Automotive Landscape:

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EV Powertrain Market Trends : Is likely to rise at a rate of over 24%. The net worth of the market is projected to reach US$ 112,036 million by 2033 from US$ 13,035.9 million in 2023.

EV Charging Cables Market Size : Will increase from US$ 1,549.3 million in 2022 to US$ 11,541.6 million by 2032.

Electric Vehicle Motor Market Share : Is set to strengthen its market hold in the global market at a promising CAGR of 8.5%, while it is forecasted to hold a revenue of US$ 18.09 Billion in 2032.

Hybrid Vehicles Market Demand : Is anticipated to grow at a CAGR of 21.6% from 2022 to 2032. The hybrid vehicles market is expected to reach a valuation of US$ 1,362.3 Billion by 2032.

Automotive ECU Market Growth : Is expected to expand from US$ 14.4 billion in 2023 to US$ 22.8 billion by 2033.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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