Automotive Power Electronics are the devices installed and used for controlling the high voltage and converting varied electric power in a most proficient way. These devices also helps in monitoring a power consumption in an optimized manner. One of the major driver for the growth of Automotive Power Electronics market is the rapid growth in the electric vehicles owing to the reasons that electric vehicle use batteries and doesn't harm the environment.
MARKET SCOPE
The "Global Automotive Power Electronics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Power Electronics market with detailed market segmentation by electric vehicle type, type, component, application, and geography. The global Automotive Power Electronics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Power Electronics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on electric vehicle type, the market is segmented as battery electric vehicle, hybrid electric vehicle, plug-in hybrid vehicle and fuel cell electric vehicle
? On the basis of type, the market is segmented into engine electronics, transmission electronics, chassis electronics, active safety, driver assistance and passenger assistance
? Based on component, the market is segmented into sensor, power integrated circuit and micro controller unit
? On the basis of application, the market is fragmented into powertrain & chassis, body electronics, safety & security and infotainment & telematics
MARKET DYNAMICS
Drivers:
? Surging demand of worthy features in terms of safety and assistance and rapid development in electric vehicles
? Growing demand for advanced safety, convenience, and comfort systems
Restraints:
? High cost of production occurs in designing of a system plus heavy weight material, resulting directly increase in the cost of a vehicle and below the standard quality
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Power Electronics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors affecting the Automotive Power Electronics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE POWER ELECTRONICS MARKET
The outbreak of the COVID-19 has severely impacted the automotive and transportation, and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the industry through till mid-2021. Several automotive power electronics solution providers namely: Bosch and Continental have declared the pause in the production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the most affected countries during the COVID-19 pandemic. As a result, the demand for automotive power electronics solutions got declined in 2020 and is the impact of pandemic is expected to continue in the year 2021 too.
MARKET PLAYERS
The report covers key developments in the automotive power electronics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive Power Electronics market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive power electronics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive Power Electronics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. Infineon Technologies AG
2. Renesas Electronics Corporation
3. Vishay Intertechnology Inc.
4. Robert Bosch GmbH
5. Mitsubishi Electric Corporation
6. Qualcomm Technologies Inc.
7. ON Semiconductor Corporation
8. NXP Semiconductors
9. GAN Systems Inc.
10. Rohm Corporation ltd.