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 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.
Increasing demand for Electric Vehicles
High Production Cost
Rising demand in the automotive sector
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
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
Power Integrated Circuit (IC)
Microcontroller Unit (MCU)
Safety and Security
Powertrain and Chassis
Key Market Players
Robert Bosch GmbH
Fuji Electric Co., Ltd.
Renesas Electronics Corporation
Infineon Technologies AG
Croda International Plc
Texas Instruments Incorporated
Qualcomm Technologies Inc.
Mitsubishi Electric Corporation
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