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Pulished Date February, 2021
ID: 11033
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Automotive Power Electronics Market Segmentation By Application (Powertrain and Chassis, Body Electronics, Safety and Security, Infotainment and Telematics), By Component (Microcontroller Unit, Power Integrated Circuit, Sensors), By Vehicle Type (Passenger Car, Commercial Vehicle), By Electric Vehicle Type (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle) - Industry Analysis, Share, Growth, and Forecast 2021-2026

Pulished: February, 2021
ID: 11033
Pages: 175

Automotive Power Electronics Market Size, Trends & Growth (2021 - 2026)

Automotive power electronics are used to control car engines for proper control and conversion. It offers a wide range of applications, such as central locking, anti-brake system, power steering, brake system and seat control. The application of solid-state devices such as thyristors, diodes, silicon-controlled rectifiers (SCRs), power MOSFETs, gate-cut thyristors, and others to control the flow of electrical energy to the help of electronic circuits is called power electronics. Automotive power electronics used to control high voltage and convert electrical energy in the most efficient way. These devices help to control energy consumption in an optimized way.

The global automotive power electronics market is supposed to record a CAGR of 6.5% during the anticipated time frame of 2021-2026. The coming of high-power, high-recurrence exchanging gadgets has brought a total use of electronic force converters for power transformation and movement control. Technological advancements, along with reduction in the cost and size of components and systems, are determined to play a central role in the growth of automotive power electronics in the electric vehicle market. The adoption of electronics in powertrains is determined to rise at a significant rate over the outlook period because of the efforts by several provincial governments and environmental agencies to curb emissions in vehicles (i.e., hybrid and electric vehicles). With the rising call for electric vehicles, the demand for power electronics is also witnessing a spike in the last three years, where makers are offering different systems, such as battery management system, transmission system, etc., which are preparing to acquire or establish partners with major local automotive power electronics suppliers or expand their power electronics production facility to compete strongly in the market.

Recent Developments:

  • Infineon Technologies AG presents a new IGBT power module tailored to the needs of traction inverters for electric vehicles in the 80 kW to 100 kW power class: the HybridPACK ™ DC6i.
  • New Continental Combines Electric Mobility power supply module with exceptional drift experience. New microchip technology allows currents up to 650 amps.
  • Bosch is searching for future innovations to balance the stagnation in car creation.

IMPACT OF COVID-19 ON AUTOMOTIVE POWER ELECTRONICS MARKET:

Because of the negative effect of coronavirus, a portion of the non-clinical manufacturing organizations have begun producing clinically related items, for example, masks, ventilators, and related segments, sanitizer, and others. Leading automotive power electronics solution providers have announced the suspension of production due to decreased demand, supply chain bottlenecks and to protect the safety of their employees in different parts of the world during the COVID-19 pandemic. Consequently, the automotive power electronics business is supposed to record decline in 2020. Manufacturers will likely adjust production to avoid bottlenecks and schedule production based on demand from OEMs and tier one manufacturers.

Drivers and Restraints of Automotive Power Electronics Market:

Drivers:

The increase in vehicle production, the rising adoption of safety systems such as Advanced Driver Assistance Systems (ADAS), as well as the strict safety and security standards introduced by the government and regulatory authorities are some of the main factors that are expected to drive the growth of the global automotive powder electronics market. Additionally, the growing preference for vehicle electrification coupled with the rising need for improved performance and fuel efficiency are other factors determined to drive target market growth during the foreseen period. Increasing environmental concerns and attention to reducing the cost and size of components and systems is likely to drive the market in the future. In addition, the increase in R&D activities related to the automotive and power electronics sector, which is foreseen to create potential revenue opportunities for manufacturers operating in the global market.

Restraints:

However, the complex design and integration process may slow the growth of the global automotive power electronics market during the conjecture period. While a recent trend observed in the target market is that the demand for devices that work with low consumption batteries is increasing day by day.

Automotive Power Electronics Market Segmentation:

By Application

  • Powertrain & Chassis
  • Body Electronics
  • Safety & Security
  • Infotainment and Telematics

Among the applications, the chassis and powertrain segment is estimated to account for a significant portion of the global market.

By Component

  • Microcontroller Unit (MCU)
  • Power Integrated Circuit
  • Sensors

Among the components, the power integrated circuit segment is foreseen to record substantial portion of global market revenue.

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

Among these, the passenger car segment is expected to post a significant growth rate over the conjecture period.

By Electric Vehicle Type

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Hybrid Electric Vehicle

Automotive Power Electronics Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

In Europe, the growth of electric car sales is mainly concentrated in a limited number of countries, such as the United Kingdom, France, Norway, Germany, Sweden and the Netherlands. These electric vehicles primarily receive power control units (engine regulators) and battery management control units, which has additionally supported the car power hardware market in Europe. In addition, the European government has decided that vehicles that do not meet exhaust emission standards are strictly prohibited on the roads of urban cities, such as Paris. These initiatives are likely to increase the demand for electric vehicles and in turn see an increase in the demand for power electronics in the European market during the conjecture period. Asia-Pacific dominated the global automotive power electronics market. Increased car production, regulations for the installation of automotive safety technologies and the presence of large manufacturers are important factors estimated to drive the growth of the automotive power electronics business in Asia-Pacific. Increasing adoption of electronic power electric vehicles with rising efforts by regional governments and environmental agencies to reduce emission levels. Besides, the rising need for passenger and commercial vehicles from developing countries such as India and China is foreseen to drive the target market. The Middle East, Africa and Latin America market represents a considerable part of the world market and is expected to register a considerable growth rate over the next 10 years.

Key Players of Market:

Robert Bosch GmbH, Continental AG, Infineon Technologies, NXP Semiconductors, Texas Instruments Inc., Toshiba Corporation, Fuji Electric Co., Renesas Electronics, On Semiconductors, and Rohm Semiconductor are some of the major key players operating in the global automotive power electronics market.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Power Electronics Market, By Component               

                    6.1.1 Microcontroller Unit (MCU) 

                    6.1.2 Power Integrated Circuit     

                    6.1.3 Sensors         

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Automotive Power Electronics Market, By Application                

                    6.2.1 Powertrain & Chassis

                    6.2.2 Body Electronics       

                    6.2.3 Safety & Security      

                    6.2.4 Infotainment and Telematics        

                    6.2.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.6 Y-o-Y Growth Rate Analysis         

                    6.2.7 Market Attractiveness Index         

          6.3 Automotive Power Electronics Market, By Vehicle Type             

                    6.3.1 Passenger Car

                    6.3.2 Commercial Vehicle 

                    6.3.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Automotive Power Electronics Market, By Electric Vehicle Type            

                    6.4.1 Battery Electric Vehicle       

                    6.4.2 Plug-in Hybrid Electric Vehicle      

                    6.4.3 Hybrid Electric Vehicle        

                    6.4.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.5 Y-o-Y Growth Rate Analysis         

                    6.4.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Component         

                    7.2.3 By Application

                    7.2.4 By Vehicle Type        

                    7.2.5 By Electric Vehicle Type      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Component         

                    7.3.3 By Application

                    7.3.4 By Vehicle Type        

                    7.3.5 By Electric Vehicle Type      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Component         

                    7.4.3 By Application

                    7.4.4 By Vehicle Type        

                    7.4.5 By Electric Vehicle Type      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Component         

                    7.5.3 By Application

                    7.5.4 By Vehicle Type        

                    7.5.5 By Electric Vehicle Type      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Component         

                    7.6.3 By Application

                    7.6.4 By Vehicle Type        

                    7.6.5 By Electric Vehicle Type      

8. Key Player Analysis                           

          8.1 Robert Bosch GmbH              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Continental AG           

          8.3 Infineon Technologies           

          8.4 NXP Semiconductors             

          8.5 Texas Instruments Inc           

          8.6 Toshiba Corporation             

          8.7 Fuji Electric Co           

          8.8 Renesas Electronics               

          8.9 On Semiconductors               

          8.10 Rohm Semiconductor          

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Power Electronics Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Power Electronics Market By Component, From 2021-2026 ( USD Billion )
  3. Global Microcontroller Unit (MCU) Market By Region, From 2021-2026 ( USD Billion )
  4. Global Power Integrated Circuit Market By Region, From 2021-2026 ( USD Billion )
  5. Global Sensors Market By Region, From 2021-2026 ( USD Billion )
  6. Global Automotive Power Electronics Market By Application, From 2021-2026 ( USD Billion )
  7. Global Powertrain & Chassis Market By Region, From 2021-2026 ( USD Billion )
  8. Global Body Electronics Market By Region, From 2021-2026 ( USD Billion )
  9. Global Safety & Security Market By Region, From 2021-2026 ( USD Billion )
  10. Global Infotainment and Telematics Market By Region, From 2021-2026 ( USD Billion )
  11. Global Automotive Power Electronics Market By Vehicle Type, From 2021-2026 ( USD Billion )
  12. Global Passenger Car Market By Region, From 2021-2026 ( USD Billion )
  13. Global Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  14. Global Automotive Power Electronics Market By Electric Vehicle Type, From 2021-2026 ( USD Billion )
  15. Global Battery Electric Vehicle Market By Region, From 2021-2026 ( USD Billion )
  16. Global Plug-in Hybrid Electric Vehicle Market By Region, From 2021-2026 ( USD Billion )
  17. Global Hybrid Electric Vehicle Market By Region, From 2021-2026 ( USD Billion )

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