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Total Views: 34Word Count: 282See All articles From Author Automotive Power Electronics Market 鈥?World Market Share Pedro Chirivella Jersey UK , Consumption and Growth Rate 2017-2022 with Key players STMicroelectronics, ON Semiconductor, Bosch, Fuji
by Automotive · July 3, 2019
According to the new market research report聽Automotive Power Electronics Market, Automotive Power Electronics Market by Application (Body Electronics, Chassis & Powertrain Trent Alexander-Arnold Jersey UK , Infotainment & Telematics, Safety & Security), Vehicle (PC, CV), EV (PHEV, BEV, HEV) Lazar Markovic Jersey UK , Component (MCU, Power IC, Sensor), and Region – Global Forecast to 2022
The automotive power electronics market, in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The market was valued at USD 4.30 Billion in 2016 and is projected to reach a market size of USD 5.49 Billion by 2022.
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The major factors behind the growth of the automotive power electronics market are the increasing installations of advanced driver assistance systems, stringent automotive safety and security norms introduced by the government and rising preference of vehicle electrifications among OEMs and Tier I suppliers.
Key Market Players:
The market presents an interesting picture where many big and small players have become a force to reckon with. The key players in this market are Infineon Technologies AG (Germany) Joel Matip Jersey UK , Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co. Dominic Solanke Jersey UK , Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S.), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan) Divock Origi Jersey UK , and Mitsubishi Electric Corp. (Japan).
Body Electronics Application: To acquire the largest market share in 2017
With the modernization of vehicles, the number of power electronic components employed in a vehicle has increased. The power electronics-driven operations include electric power steering, power windows, electronic brake systems, electric air conditioning, and others which constitute the major components of the body electronics application.
In terms of growth rate, the safety and security system segment of the automotive power electronics market is expected to show the highest CAGR during the forecast period. This can be attributed to the increasing installations of safety features and ongoing legal mandates about this application.
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Passenger Car Segment: The largest share of the automotive power electronics market in 2017
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