Automotive Power Electronics Market by Application, Vehicle , EV, Component, and Region - Global Forecast to 2022

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The report "Automotive Power Electronics Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Vehicle (PC, CV), EV (PHEV, BEV, HEV), 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 research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive power electronics market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of automotive power electronics by the number of power electronic components installed in the automobiles of that region.
The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
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Automotive Power Electronics Market Target Audience
  • Automotive power electronics manufacturers
  • Automobile manufacturers
  • Automobile organizations/associations
  • Automotive power electronics component suppliers
  • Raw material suppliers for power electronics systems/components
  • Traders and distributors of automotive power electronics systems
  • Tier 1, Tier 2, and Tier 3 suppliers

The global automotive power electronics market, in terms of value, is estimated to be USD 4.41 Billion in 2017 and is projected to grow to USD 5.49 Billion by 2022, at a CAGR of 4.48%. The automotive industry has been focusing on improving the quality aspect of vehicles. Automated electronic control technologies for automotive systems such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been evolving steadily year after year. The emerging trend of the automotive industry is to manufacture vehicles that feature advanced technologies with optimized weight-cost ratio.
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Asia-Pacific: Rapid vehicle electrification in the Chinese market is propelling the growth of the automotive power electronics market in the Asia-Pacific region
The demand for technologically advanced cars has also witnessed a boost recently in the Asia-Pacific region with the convergence of the ICT sector, the automotive sector, and the transportation sector. This has resulted in the emergence of the advanced vehicle ecosystem. Upcoming safety regulations would increase the installation of automotive safety technologies in passenger cars. The emergence of driving assistance technologies has incentivized the OEMs to opt for efficient power electronic components to satisfy the ongoing market requirement. Thus, the increasing use of technologically advanced cars is expected to push the need for power electronics in cars in the Asia-Pacific market.
The report also profiles the most promising players in the power electronics market. 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), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S.), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).
Source:
https://www.marketsandmarkets.com/Market-Reports/automotive-power-electronics-market-226516353.html
https://www.marketsandmarkets.com/PressReleases/automotive-power-electronics.asp
https://automotivemarkettrendscom.wordpress.com/2019/01/23/automotive-power-electronics-market/

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