DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.

The Automotive DC-DC Converters Market is Projected to Grow from Estimated USD 339 Million in 2020 to USD 1,432 Million by 2025, at a CAGR of 33.4%

The growing adoption of energy-efficient electric vehicles such as battery electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles to curb GHG emissions from the automotive industry; 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.

The COVID-19 pandemic has had a severe impact on the globally integrated automotive industry. The pandemic has caused a disruption in the exports of Chinese parts, which quickly pivoted to large- scale manufacturing interruptions across Europe. In the US, closures of assembly plants are adding to the intense pressure on an increasing distressed global supply base where companies are at high risk of defaulting on covenants, potentially requiring banks to provide loans.

This is placing intense pressure on an industry already coping with a downshift in global demand and likely leading to increased merger & acquisition activity. A prolonged decline in consumer demand as countries work through various lockdown scenarios may spark a global recession, leading to widespread loss of consumer confidence, significantly impacting automaker revenues and profitability. This will, in turn, negatively impact component manufacturers. According to industry experts, automotive sales are most likely to decrease 14-22% among the Chinese, US, and European markets in 2020.

Based on vehicle type, the passenger vehicle segment is estimated to lead the automotive DC-DC converters market during the forecast period.

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. 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. Emerging markets, such as India and China, are expected to drive this growth. Automakers such as Tesla have set up local production facilities to gain cost benefits and increase sales and profitability in these areas.

Also, government initiatives in the form of tax exemptions on using electric vehicles are increasing the demand from consumers to opt for environment-friendly vehicles for private and shared mobility purposes, in turn, driving the demand for passenger vehicles.

Based on the propulsion type, the battery electric vehicle segment is estimated to lead the automotive DC-DC converters market in 2020.

Based on the propulsion type, the battery electric vehicle segment of the automotive DC-DC converters market is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to initiatives from several manufacturers to engage in innovation to achieve greener transportation using renewable sources. The adoption of electric vehicles and vehicles with low emission by public authorities, non-profit organizations, and private companies has been increasing. To meet the surging demand for BEVs, various players are developing advanced, compact DC-DC converters.

For instance, TDK-Lambda Corporation has developed the world's smallest point of load (PoL) DC-DC converter for network storage, servers, and telecommunications. This technology can be used to meet future automotive demand.

Based on input voltage type, the >70V segment is expected to grow at the highest CAGR during the forecast period.

Based on input voltage, the >70V segment of the automotive DC-DC converters market is expected to grow at the highest CAGR 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. With the increase in the adoption of electrification in heavy duty commercial vehicles, the demand for high input voltage is expected to increase significantly.

Based on output power, the 10-20kW segment is estimated to lead the automotive DC-DC converters market during the forecast period.

Based on output power, the 10-20kW segment of the automotive DC-DC converters market is accounted for the largest share and also expected to grow at the highest CAGR during the forecast period. The power output requirements of electric vehicles are expected to increase as more electrical systems are integrated into vehicles. Also, with the increase in commercial electric vehicles, the increase in high power output requirements is expected to fuel the >20kW segment.

Based on product type, the isolated segment is expected to grow at the highest CAGR during the forecast period.

Based on product type, the isolated segment of the automotive DC-DC converters market is accounted for the largest share and also expected 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.

Major players operating in the automotive DC-DC converters market include

  • Analog Devices, Inc.
  • Bel Fuse Inc.
  • Borgwarner Inc.
  • Cincon Electronics Corporation
  • Continental Ag
  • Delta Electronics, Inc.
  • Denso Corporation
  • Hella GmbH & Co. KGaA
  • Hyundai Mobis
  • Infineon Technologies Ag
  • LG Innotek
  • Marelli Corporation
  • Mornsun Guangzhou Science & Technology Co., Ltd.
  • Panasonic Corporation
  • Recom Power GmbH
  • Robert Bosch GmbH
  • Semiconductor Components Industries, LLC (On Semiconductor)
  • Shenzhen Xinrui Technology Co., Ltd
  • Shindengen Electric Manufacturing Co., Ltd
  • STMicroelectronics
  • Tdk-Lambda Corporation
  • Toshiba Corporation
  • Toyota Industries Corporation
  • Valeo
  • Vicor Corporation

For more information about this report visit https://www.researchandmarkets.com/r/bod55y

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