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Automotive power electronic market set to grow according to forecasts

Automotive and Transportation Market Research

This research scrutinizes the Automotive Power Electronic Market By Electric Vehicle (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), By Vehicle Type (Commercial, Passenger) By Component (Sensors, Power Integrated Circuit (IC), Microcontroller Unit (MCU)).

GLOBAL AUTOMOTIVE POWER ELECTRONIC MARKET Make an Inquiry about this news was valued at USD 4.93 Billion in the year 2017. Global Automotive Power Electronic market is further estimated to grow at a CAGR of 4.01% from 2018 to reach USD 6.24 Billion by the year 2023.

Asia-Pacific region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.

Robert Bosch GmbH (Germany), Toshiba Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Continental AG (Germany), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), ROHM Semiconductor (Japan), Croda International Plc (U.K.), Texas Instruments Incorporated.

(U.S.), Qualcomm Technologies Inc. (U.S.), ABB Group (Switzerland), Mitsubishi Electric Corporation (Japan), are some of the key players in the Global Automotive Power Electronic market.

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Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             Increasing demand for Electric Vehicles

Restraints:

             High Production Cost

Opportunities:

             Rising demand in the automotive sector

Challenges:

             Growing demand for Compact Devices With High Efficiency 

The major shares of the market come from Passenger, Vehicle type in Global Automotive Power Electronic Market. On the other hand, Sensor, by component for this market is expected to grow at highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Automotive Power Electronic Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Electric Vehicle

Hybrid Electric Vehicle (HEV)

Plug-In Hybrid Electric Vehicle (PHEV)

Battery Electric Vehicle (BEV)

By Vehicle Type

Commercial

Passenger

By Component

Sensors

Power Integrated Circuit (IC)

Microcontroller Unit (MCU)

By Application

Safety and Security

Powertrain and Chassis

Body Electronic

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Robert Bosch GmbH

Toshiba Corporation

Fuji Electric Co., Ltd.

Continental AG

Renesas Electronics Corporation

Infineon Technologies AG

ROHM Semiconductor

Croda International Plc

Texas Instruments Incorporated

Qualcomm Technologies Inc.

ABB Group

Mitsubishi Electric Corporation

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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