NEW YORK, Aug. 14, 2017 /PRNewswire/ -- "Rising trend of
vehicle electrification is triggering the market of automotive
power electronics"
The global automotive power electronics market is estimated to be
USD 4.41 billion in 2017 and is
projected to reach USD 5.49 billion
by 2022, at a CAGR of 4.48%. The electrification of drivetrain,
owing to the growth of hybrid electric vehicles (HEV) and fully
electric vehicles (EV), is expected to increase the usage of power
electronic components in automobiles to a large extent in the near
future. The automotive power electronics market has shown steady
growth in developing countries such as India, China,
and the Middle East. However,
despite the high demand for advanced automotive power electrical
systems, the market faces challenges of providing integrated and
lightweight components along with optimizing cost and maintaining
the quality standards.
Read the full report:
http://www.reportlinker.com/p05059899/Automotive-Power-Electronics-Market-by-Application-Vehicle-EV-Component-and-Region-Global-Forecast-to.html
"Body electronics application is estimated to have the
largest share of the automotive power electronics market in
2017"
The body electronics application is estimated to hold the largest
share of the power electronics market in 2017. The growth of this
segment can be attributed to the wide range of advanced features
such as power steering, HVAC system, instrument cluster, and
lighting of passenger cars as well as commercial vehicles.
The increased installation rate of high-end electronics in
passenger cars increases the complexity in the power electronic
modules of the system. This factor drives the cost of components
used in body electronics, which accounts for the largest share of
the automotive power electronics market.
"Sensors market is estimated to witness the highest growth rate
during the forecast period"
The sensors market is estimated to grow at the highest CAGR during
the forecast period. The growing installation rate of advanced
safety and security features in a vehicle has triggered the growth
of the sensors market. OEMs are also focusing on research and
development for widening the application of sensors in a vehicle,
which is making sensors a lucrative market for Tier I manufacturers
and OEMs.
"Asia-Pacific is estimated to
be the fastest growing market for the automotive power electronics
market"
Asia-Pacific region is estimated
to grow at a highest CAGR by value over the projected period from
2017 to 2022. High volume markets with increased demand for high
end electronic and safety features in the passenger cars makes
Asia-Pacific the largest regional
market for automotive power electronics. Also, upcoming
legislations for safety technologies in developing countries is the
major factor which will drive this market.
The study contains insights from various industry experts, ranging
from component suppliers to Tier 1 companies and OEMs. The break-up
of the primaries is as follows:
• By Company Type - Tier 1 - 42%, Tier 2 - 26%, Others - 32%
• By Designation - C level - 42%, D level - 26%, Others - 32%
• By Region - North America - 38%,
Europe - 22%, Asia-Pacific - 30%, Rest of the World -
10%
Major players profiled in the report are:
• Continental AG (Germany)
• Fuji Electric Co. Ltd. (Tokyo)
• Infineon Technologies AG (Germany)
• NXP Semiconductors N.V. (Netherlands)
• ON Semiconductors Corp. (U.S.)
• Renesas Electronics Corp. (Japan)
• Robert Bosch GmbH (Germany)
• Rohm Co. Ltd. (Japan)
• STMicroelectronics N.V. (Switzerland)
• Texas Instruments Inc. (U.S.)
• Toshiba Corp. (Japan)
• Vishay Inetrtechnlogy Inc. (U.S.)
Research Coverage:
The report segments the automotive power electronics market and
forecasts its size, by volume and value, on the basis of region
(Asia-Pacific, Europe, North
America, and RoW), By Application (Powertrain and Chassis,
Body Electronics, Safety and Security systems, Infotainment and
Telematics), By electric vehicle type (BEV,HEV and PHEV), by
Vehicle Type (Passenger Cars and Commercial Vehicles).
The report also provides a comprehensive review of market drivers,
restraints, opportunities, and challenges in the global automotive
power electronics market. Apart from analyzing the quantitative
aspects of these markets, the report also covers qualitative
aspects, like Porter's five force analysis for the global
automotive power electronics market.
Reasons to Buy the Report:
The report provides insights about the following points:
• Market Penetration: Comprehensive information about the
automotive power electronics market offered by the top 13 players
in the market
• Product Development/Innovation: Detailed insights into upcoming
technologies, R&D activities, and new product launches in the
power electronics market
• Market Development: Comprehensive information about power
electronics. The report analyzes the market for various automotive
power electronics market across regions
• Market Diversification: Exhaustive information about new
products, untapped regional markets, recent developments, and
investments in the automotive power electronics market
Read the full report:
http://www.reportlinker.com/p05059899/Automotive-Power-Electronics-Market-by-Application-Vehicle-EV-Component-and-Region-Global-Forecast-to.html
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