Automotive DC-DC Converters Market worth $1,432 million by 2025

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The Automotive DC-DC Converters Market report
provides an analysis of the market from 2020 to
2025. It discusses the industry and technology
trends that are currently prevailing in the
Automotive DC-DC Converters Market, along
with the drivers, restraints, challenges, and
opportunities. The automotive
market is from an million in million by
DC-DC converters
projected to grow estimated USD 339 2020 to
USD 1,432
2025, at a CAGR of 33.4 during the forecast
period. These converters are designed to
operate at high switching frequencies to reduce
the size of output capacitors and inductors to
save the onboard space of
power continuous
equipment. research
The
development in topologies of DC- DC converters
are leading to the miniaturization of DC-DC
converters to cater to the demand for compact
electronic components. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id267101117 Additionally, developments in
the materials of DC-DC converters and the
increasing use of SiC and GaN products in
vehicle applications to increase efficiency are
contributing to growth opportunities for DC-DC
converters. The growing adoption of electric
vehicles across various nations, requirement of
improved safety, fuel efficiency, and advanced
driver assistance systems and the growing demand
for safety and connectivity features in
passenger vehicles are driving the demand for DC-
DC converters across the automotive
industry. Based on vehicle type, the passenger
vehicle segment of the automotive DC-DC
converters market is accounted for the largest
share during the forecast period. International
regulatory pressure is prompting automotive
manufacturers to develop vehicles that have a
reduced carbon footprint and are
environment-friendly. As such, several leading
automakers such as Tesla Inc. (US), Volkswagen AG
(Germany), Nissan Motor Co. Ltd. (Japan), Toyota
Motor Corporation (Japan), and Honda Motor
Company Ltd. (Japan) have gradually shifted their
focus toward the manufacturing of passenger
electric vehicles, which require DC-DC converters
to convert high voltage DC from batteries to low
voltage DC required by different systems
installed in these vehicles. Based on propulsion
type, battery electric vehicle segment of the
automotive DC- DC converters market is accounted
for the largest share during the forecast period.
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The growth of this segment of the market can be
attributed to the rise in the electrification of
vehicles in the automotive industry. The reduced
prices of batteries have significantly lowered
the cost of battery electric vehicles, thereby
leading to their increased adoption across the
globe. Based on input voltage, the 40-70V segment
of the automotive DC-DC converters market is
accounted for the largest share during the
forecast period. These DC-DC converters are
designed for rugged automotive applications that
require high input voltages and wide DC-input
ranges. For instance, Analog Devices, Inc.s high
input voltage buck converter family is more
specialized for higher input voltage applications
that range from 30V to 100V. This range
simplifies design requirements in demanding
automotive and industrial applications where
large voltage transients can occur. Based on
output voltage, the 12V segment is estimated to
account for the largest share of the automotive
DC-DC converters market in 2020 and is projected
to continue to lead during the forecast period.
12V output is required throughout the vehicle.
Many electric vehicles have an auxiliary battery
with a 12V rating that require DC-DC converters
to recharge. Based on output power, the 10-20kW
segment of the automotive DC-DC converters
market is expected to grow at the highest CAGR
during the forecast period. The gradual adoption
of electrification of commercial vehicles by
various car manufacturers will lead to
increasing demand for high output power, thus
leading to the growth of the segment. In
addition, the increasing demand for high
efficiency, performance output, range, and
reliability from electric vehicles will increase
the demand for 10-20kW high output power. Based
on product type, the isolated converters segment
of the automotive DC-DC converters market is
accounted for the largest share during the
forecast period. 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. This
barrier can withstand any voltage, from a few
hundred volts to several thousand volts, which
improves the efficiency of the integrated
circuit. The Asia Pacific region is projected to
lead the market during the forecast period.
Rapid growth in the automotive industry and
communications systems and the subsequent rise
in demand for communication devices and
automotive parts equipment are driving the
market for automotive DC-DC converters. Also the
significant rise in the electrification of
automotive vehicles by leading car manufacturers
such as Toyota, Honda, Nissan, Kia Motors, and
Hyundai Motor Company is contributing to the
demand for DC-DC converters. The region is home
to some of the fastest-developing economies of
the world, such as China and India. The
governments of these developing economies have
recognized the growth potential of the electric
vehicle market and, hence, have taken different
initiatives to attract major OEMs to manufacture
electric vehicles in their domestic markets. Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id267101117
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