Automotive DC-DC Converters Market value $1,432 million by 2025 at a CAGR of 33.4%

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The report "Automotive DC-DC Converters Market by
Vehicle Type (Commercial, Passenger), Propulsion
Type (BEV, FCEV, PHEV), Product Type (Isolated,
Non- Isolated), Input Voltage, Output Voltage,
Output Power, Region - Global Forecast to 2025",
size is projected to grow from an estimated USD
339 million in 2020 to USD 1,432 million by 2025,
at a CAGR of 33.4 during the forecast
period. Power supply systems and units have
undergone significant advancements in terms of
the development of multiple power output and the
incorporation of wireless technology in them
in the past few years to make these systems and
units highly reliable, efficient, and compact.
This has also led to the development of
technologically advanced DC-DC converters to
cater to the power supply requirements of various
automotive vehicles such as battery electric
vehicles, plug-in hybrid electric vehicles, and
fuel cell electric vehicles, among others. The
growing adoption of energy-efficient electric
vehicles to curb GHG emissions from the
automotive industry and the increasing demand
for safety and connectivity features in
passenger vehicles are driving the demand for DC-
DC converters across the automotive
industry. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id267101117 Based on vehicle type, a
passenger vehicle is expected to account the
largest share in the automotive DC-DC converters
market in 2020 By vehicle type, the automotive
DC-DC converters market has been segmented into
a commercial vehicle and passenger vehicle. The
passenger vehicle segment is estimated to
account for the largest share during the forecast
period. The passenger vehicle consists of
electric vehicles, namely SUV, MUV, sedan, and
hatchback. The increasing demand for
zero-emission vehicles is expected to provide
growth opportunities for electrification in
passenger vehicles and, in turn, drive the demand
for DC-DC converters. The rise in the
electrification and technological advancements
in power electronics to cater to the demand for
infotainment systems, lighting systems, audio
systems, active chassis systems, regenerative
braking, and start-stop systems is contributing
to the growth of the DC-DC converters market for
use in passenger vehicles of the automotive
sector. Based on the propulsion type, the
battery electric vehicle segment is projected to
lead the automotive DC-DC converters market
during the forecast period. By propulsion type,
the automotive DC-DC converters market is
segmented into battery electric vehicle (BEV),
fuel cell electric vehicle (FCEV), plug-in hybrid
electric
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vehicle (PHEV). Battery electric vehicle (BEV) is
projected to lead the automotive DC- DC
converters market during the forecast period.
This growth can be attributed to the rise in
demand for electrification in the automobile
sector. Moreover, increasing environmental
awareness, government subsidies, and tax
exemptions are expected to lead to a surge in
demand for DC-DC converters in this segment. The
demand for battery electric vehicles has grown
rapidly due to the advantages they offer high
efficiency and low pollution. These vehicles are
preferred globally as they are zero-
emission. Based on input voltage, the 40-70V
segment is projected to lead the automotive
DC-DC converters market during the forecast
period Based on input voltage, the automotive
DC-DC converters market is segmented into lt40V,
40-70V, and gt70V. The 40-70V segment is projected
to lead the automotive DC-DC converters market
during the forecast period. These converters are
insulated, short-circuit proof, and
protected against overload, overvoltage,
and high temperatures. The wide input range of
40 to 70V converters makes them suitable for
various automotive electronics applications that
must withstand both, load dump and cold crank
conditions. Based on product type, the isolated
segment of the automotive DC-DC converters
market is projected to grow at the highest CAGR
during the forecast period Based on product
type, the automotive DC-DC converters market is
segmented into isolated and non-isolated. The
isolated segment is projected to grow at the
highest CAGR during the forecast period. Due to
the increasing demand for safe and efficient
renewable energy systems, isolated DC-DC
converters are widely used in this field as
essential power conversion blocks. The isolated
DC-DC converters market is majorly driven by key
propulsion systems of electric and hybrid
vehicles, as these require high-frequency
transformers that provide a barrier to
high-frequency voltage. Europe is projected to
grow at the highest CAGR during the forecast
period Europe is projected to grow at the
highest CAGR during the forecast period. The UK,
France, Germany, Norway, Sweden, the Netherlands,
and Switzerland are the key countries in the
automotive DC-DC converters market.The European
market is estimated to exhibit growth in the
coming years, resulting from an increase in
demand for electric vehicles. It is home to major
automobile manufacturers such as Volkswagen AG,
BMW AG, and Daimler AG. To promote electric
vehicles in this region, many strategies such as
tax exemption and special discounts are being
implemented by local governments. In addition to
government support, OEMs and Tier 1 players are
implementing different electric components like
start-stop, electric pumps, ISG, and others. In
Europe, almost all vehicles are equipped with EPS
and start-stop systems. The rise in
electrification of these components contributes
to significant demand for electrical and
electronic components, including DC-DC
converters. Key Market Players Major players
operating in the automotive DC-DC converters
market include BorgWarner Inc. (US), Denso
Corporation (Japan), Valeo (France), Vicor
Corporation (US), TDK-Lambda Corporation
(Japan), Delta Electronics (Taiwan), Continental
AG
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(Germany), Toyota Industries Corporation
(Japan), Hyundai Mobis (South Korea), and Robert
Bosch GmbH (Germany), among others. Ask for
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