Automotive Power Electronics Market
Automotive Power Electronics Market by Power ICs and Power Modules/Discretes for Passenger Cars and Commercial Vehicles from 2023 to 2033
Analysis of Automotive Power Electronics Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Power Electronics Market Outlook (2023 to 2033)
The global automotive power electronics market is anticipated to rise at a CAGR of 4.1% and reach a market valuation of US$ 6 billion by the end of 2033, up from US$ 4 billion in 2023.
Power electronics is the branch of electronics concerned with the control of power fluctuation in components such as monitoring diodes, transistors, and others. Power electronics are made up of a solid-state circuit device that transmits current from the source to the load and improves energy conservation by controlling power.
Power electronics permit current to flow in both directions, enhancing system efficiency by enduring high power temperatures. They are widely used in automobiles' interior and exterior, including telematics and infotainment systems, powertrain, safety and security systems, and body electronics.
The outbreak of COVID-19 adversely affected the global automotive industry. The industry's negative growth was due to delays in supply chain activities, disruptions in large-scale production, travel restrictions, and lower sales of light vehicles in 2020.
Furthermore, the trade war between the United States and China, as well as a halt in raw material exports from China, had an influence on the global automotive power electronics market. Nevertheless, economic activities resumed during the second half of 2020, and the market is expected to regain pace during the projection period.
The automotive industry is investing massively in research and development to produce high-performance electronics and energy storage technology at a reasonable cost. Furthermore, OEMs are increasingly relying on electronics to accomplish a superior level of safety.
The transition of the automobile industry from largely mechanized systems to the incorporation of electronic systems is playing a crucial role in boosting market growth. Furthermore, the significance of power electronics in the operation of body electronics, chassis systems, telematics, safety and security systems, and infotainment systems is adding to the market's continuous expansion.
Moreover, strict government regulations in several nations to reduce carbon footprint are considerably catalyzing vehicle electrification, consequently bolstering the market growth.
Rising consumer preference for innovative technologies with improved safety features for a greater driving experience is also driving market expansion. Furthermore, developments in automotive technologies and research activities to revolutionize power electronics to build a fuel economy are expected to propel the global market growth throughout the forecast period.
As per Fact.MR, a market research and competitive intelligence provider, such aspects are projected to raise the global demand for automotive power electronics over the next ten years.
| Report Attributes | Details |
|---|---|
| Automotive Power Electronics Market Size (2023) | US$ 4 Billion |
| Projected Market Value (2033) | US$ 6 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.1% CAGR |
| Asia Pacific Market Share (2022) | 38.7% |
| Passenger Cars Segment Growth Rate (2023 to 2033) | 3.7% CAGR |
| Key Companies Profiled |
Infineon Technologies AG; Texas Instruments, Inc; Mitsubishi Electric Corporation; NXP Semiconductors NV; Toshiba Corporation; Robert Bosch GmbH |
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Which Factor is Pushing the Sales Growth of Automotive Power Electronics?
“Increasing Usage of Electric Vehicles across the World”
The introduction of electric vehicles (EVs) is one of the most significant advances in environmental conservation. Electric vehicles run on electricity rather than fossil fuels and are thus environmentally beneficial.
The move to electric mobility to decarbonize the transportation industry is boosting the manufacturing and sale of electric vehicles around the world, increasing the demand for automotive power electronics. This is because automotive power electronics are used to control and manage the flow of electrical energy in electric vehicle systems such as lighting, heating and ventilation, and entertainment. Power electronics are highly efficient, and the usage of MOSFETs in power electronic switches minimizes the overall size of the automotive powertrain.
Growing production and sales of hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) are predicted to open up considerable potential for the global market. Furthermore, the growing number of charging stations encourages the adoption of power electronic components, including insulated gate bipolar transistors (IGBT), intelligent power modules (IPMs), power management integrated circuits (PMICs), and standard & power integrated modules.
Developments by Start-ups
Leadrive, a start-up based in Germany, creates power modules for electric drive systems. The start-up's electrification solution includes fully automated production lines, high-performance drivetrain components, tailored software packages, and laboratory infrastructure for customization.
Its power modules also have improved loop inductance design, reliable ceramics and substrate material, and a direct water-cooling PinFin design. In this approach, Leadrive offers the automotive sector-wide bandgap components and modules that raise the effectiveness of vehicle systems.
Leapers Semiconductors, a Chinese start-up, specializes in the device design, wafer processing, and module packaging design of IGBT and SiC solutions. Its power electronics modules have been refined for high power density, low thermal resistance, and efficient heat dissipation. Leapers accomplishes this by using low inductance designs with symmetrical structures that are appropriate for high-frequency switching.
Leapers' packaging and processing technology also enables miniaturization and lightweight inverters and electrical drive systems to ensure high efficiency for electric vehicles.
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Country-wise Insights
Why are Japan and South Korea Major Contributors to Asia Pacific Market Growth?
“Increasing Vehicle Production and Strong Use of Modern Electronics”
Asia Pacific is dominating the worldwide market for automotive power electronics. Asia Pacific captured 38.7% of the global market in 2022. The region's expanding vehicle production and the increasing presence of automotive power electronics manufacturers are driving market expansion. Furthermore, a large population base, rising middle-class income, and rapid urbanization drive significant vehicle demand, supporting the market development of automotive power electronics.
Japan and South Korea are major contributors to the regional market growth due to increasing vehicle manufacturing and greater use of modern electronics. The governments of these countries have acknowledged the automobile industry's potential for expansion and are adopting a variety of efforts to entice prominent OEMs to enter their domestic markets.
Japan is an important market for innovative electrical and electronic components.
- In 2021, the Ministry of Land, Infrastructure, Transport, and Tourism (MLITT) announced intentions to mandate autonomous emergency braking (AEB) on all new passenger vehicles. Current models will be equipped with AEB by December 2025, and all imported vehicles will be equipped with AEB by June 2024.
Will the United States Stand Out in the Global Market?
“Presence of Prominent EV Makers in the Country”
Demand for automotive power electronics is escalating in North America due to the increasing acceptance of advanced technologies in automobiles and the growing demand for connected cars in the region.
The United States is a leading market for automotive power electronics in the region. The presence of automotive behemoths such as Tesla and General Electric is pushing the large-scale manufacture of electric vehicles, which is increasing the demand for power electronics. Moreover, the rapid adoption of electric vehicles and new developments in battery technology are propelling the country's market growth.
How are Sales of Automotive Power Electronics Shaping Up in Germany?
“Huge Auto Industry in Germany to Make it a Prominent Market”
The European market is experiencing considerable growth. The sales of automotive power electronics are increasing in Germany due to the growing demand for electric vehicles as a result of strict government rules on vehicle emissions.
Category-wise Insights
Why are Automotive Power Electronics Finding Great Usage in Passenger Vehicles?
“High Customer Demand for Safety Systems and Fuel-efficient Technology”
Demand for automotive power electronics in passenger vehicles is estimated to expand at a CAGR of 3.7% during the forecast period. This is due to the rising demand for safety systems and fuel-efficient technology linked with vehicle powertrains in passenger vehicles.
Over the last five to ten years, passenger vehicles have been outfitted with a variety of comfort, safety, entertainment, and vehicle management technologies. This is due to reasons such as evolving car buyer preferences, which are backed by government legislation aimed at improving vehicle safety.
Manufacturers are also highly active in developing new variants and models of vehicles to meet customer demand. Growing populations in emerging countries are pushing OEMs to include specific features in new passenger vehicle models. OEMs are also attempting to adopt new technology or features in the mass-manufactured vehicle category, i.e., passenger vehicles.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The global market is moderately concentrated, with big manufacturers dominating the market. Key players in the automotive power electronics market are focusing on increasing their product portfolios and investing in R&D operations to develop sophisticated products. Moreover, many start-ups are concentrating on new developments to gain market share.
- Panasonic Corporation and Infineon Technologies AG inked an agreement in September 2021 to collaborate on the research and manufacturing of the second generation (Gen2) of their renowned gallium nitride (GaN) technology, which will enable improved efficiency and power density levels.
- STMicroelectronics released STi2GaN solutions for automotive applications in June 2021. The STi2GaN series combines drivers and protections in GaN technology, a monolithic power stage, and System-in-Package (SiP) solutions for application-specific ICs with extra processing and control circuitry.
- Infineon Technologies AG acquired Cypress Semiconductor Company in April 2020. Cypress brings a distinct range of software ecosystems, microcontrollers, connectivity components, and high-performance storage.
- Infineon Technologies introduced the CoolMOS CFD7A series in April 2020. These high-performance, silicon-based components are suitable for use in both the PFC and DC-DC stages of onboard charger systems, as well as HV-LV DC-DC converters designed exclusively for EV applications.
Key Segments of Automotive Power Electronics Industry Research
-
By Device Type :
- Power ICs
- Power Modules/Discretes
-
By Drive Type :
- IC Engine Vehicles
- Electric Vehicles
-
By Vehicle Type :
- Passenger Cars
- Commercial Vehicles
-
By Electric Vehicle Type :
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Plug-in Hybrid Electric Vehicles
-
By Application :
- Body Electronics
- Chassis & Powertrain
- Infotainment & Telematics
- Safety & Security Systems
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Market Context
- 6. Global Market - Pricing Analysis
- 7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
- 8.1 Power ICs
- 8.2 Power Modules/Discretes
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Drive Type
- 9.1 IC Engine Vehicles
- 9.2 Electric Vehicles
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Vehicle Type
- 10.1 Passenger Cars
- 10.2 Commercial Vehicles
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Electric Vehicle Type
- 11.1 Battery Electric Vehicles
- 11.2 Hybrid Electric Vehicles
- 11.3 Plug-in Hybrid Electric Vehicles
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 12.1 Body Electronics
- 12.2 Chassis & Powertrain
- 12.3 Infotainment & Telematics
- 12.4 Safety & Security Systems
- 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 13.1 North America
- 13.2 Latin America
- 13.3 Europe
- 13.4 East Asia
- 13.5 South Asia
- 13.6 Oceania
- 13.7 Middle East and Africa (MEA)
- 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Rest of the World Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1 Infineon Technologies AG
- 20.2 Texas Instruments, Inc
- 20.3 Mitsubishi Electric Corporation
- 20.4 NXP Semiconductors NV
- 20.5 Toshiba Corporation
- 20.6 Robert Bosch GmbH
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
Table 02: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
Table 03: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 04: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type
Table 05: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
Table 06: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type Age Group
Table 07: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
Table 08: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
Table 10: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 11: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
Table 12: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type
Table 13: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
Table 14: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
Table 16: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 17: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
Table 18: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type
Table 19: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
Table 20: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
Table 22: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 23: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
Table 24: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type
Table 25: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
Table 26: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
Table 27: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 28: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Type
Table 29: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle Type
Table 30: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 02: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 03: Global Market Share Analysis (%), By Device Type, 2023 & 2033
Figure 04: Global Market Y-o-Y Analysis (%), By Device Type, 2023 to 2033
Figure 05: Global Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 06: Global Market Share Analysis (%), By Drive Type, 2023 & 2033
Figure 07: Global Market Y-o-Y Analysis (%), By Drive Type, 2023 to 2033
Figure 08: Global Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 09: Global Market Share Analysis (%), By Vehicle Type, 2023 & 2033
Figure 10: Global Market Y-o-Y Analysis (%), By Vehicle Type, 2023 to 2033
Figure 11: Global Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 12: Global Market Share Analysis (%), By Electric Vehicle Type, 2023 & 2033
Figure 13: Global Market Y-o-Y Analysis (%), By Electric Vehicle Type, 2023 to 2033
Figure 14: Global Market Attractiveness Analysis By Electric Vehicle Type, 2023 to 2033
Figure 15: Global Market Share Analysis (%), By Application, 2023 & 2033
Figure 16: Global Market Y-o-Y Analysis (%), By Application , 2023 to 2033
Figure 17: Global Market Attractiveness Analysis, By Application, 2023 to 2033
Figure 18: Global Market Share Analysis (%), By Electric Vehicle Type Age Group, 2023 & 2033
Figure 19: Global Market Y-o-Y Analysis (%), By Electric Vehicle Type Age Group, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis By Electric Vehicle Type Age Group, 2023 to 2033
Figure 21: Global Market Share Analysis (%), By Region, 2023 & 2033
Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 23: Global Market Attractiveness Analysis, By Region, 2023 to 2033
Figure 24: North America Market Value Share, By Device Type, 2023 (E)
Figure 25: North America Market Value Share, By Vehicle Types 2023 (E)
Figure 26: North America Market Value Share, By Drive Type, 2023 (E)
Figure 27: North America Market Value Share, By Electric Vehicle Type, 2023 (E)
Figure 28: North America Market Value Share, By Application, 2023 (E)
Figure 29: North America Market Value Share, By Country, 2023 (E)
Figure 30: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 31: North America Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 33: North America Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 34: North America Market Attractiveness Analysis By Electric Vehicle Type, 2023 to 2033
Figure 35: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 36: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 37: Europe Market Value Share, By Device Type, 2023 (E)
Figure 38: Europe Market Value Share, By Vehicle Types 2023 (E)
Figure 39: Europe Market Value Share, By Drive Type, 2023 (E)
Figure 40: Europe Market Value Share, By Electric Vehicle Type, 2023 (E)
Figure 41: Europe Market Value Share, By Application, 2023 (E)
Figure 42: Europe Market Value Share, By Country, 2023 (E)
Figure 43: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 44: Europe Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 45: Europe Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 46: Europe Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 47: Europe Market Attractiveness Analysis By Electric Vehicle Type, 2023 to 2033
Figure 48: Europe Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 49: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 50: Middle East and Africa Market Value Share, By Device Type, 2023 (E)
Figure 51: Middle East and Africa Market Value Share, By Vehicle Type, 2023 (E)
Figure 52: Middle East and Africa Market Value Share, By Drive Type, 2023 (E)
Figure 53: Middle East and Africa Market Value Share, By Electric Vehicle Type, 2023 (E)
Figure 54: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 55: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 57: Middle East and Africa Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 58: Middle East and Africa Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 59: Middle East and Africa Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 60: Middle East and Africa Market Attractiveness Analysis By Electric Vehicle Type, 2023 to 2033
Figure 61: Middle East and Africa Market Attractiveness Analysis By Application, 2023 to 2033
Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure 63: Rest of the World Market Value Share, By Device Type, 2023 (E)
Figure 64: Rest of the World Market Value Share, By Vehicle Types 2023 (E)
Figure 65: Rest of the World Market Value Share, By Drive Type, 2023 (E)
Figure 66: Rest of the World Market Value Share, By Electric Vehicle Type, 2023 (E)
Figure 67: Rest of the World Market Value Share, By Application, 2023 (E)
Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 69: Rest of the World Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 70: Rest of the World Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 71: Rest of the World Market Attractiveness Analysis By Drive Type, 2023 to 2033
Figure 72: Rest of the World Market Attractiveness Analysis By Electric Vehicle Type, 2023 to 2033
Figure 73: Rest of the World Market Attractiveness Analysis By Application, 2023 to 2033
Figure 74: United States Market Value Share, By Device Type, 2023 & 2033
Figure 75: United States Market Value Share, By Vehicle Type, 2023 & 2033
Figure 76: United States Market Value Share, By Drive Type, 2020 &2030
Figure 77: United States Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 78: United States Market Value Share, By Application, 2023 & 2033
Figure 79: United States Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Canada Market Value Share, By Device Type, 2023 & 2033
Figure 81: Canada Market Value Share, By Vehicle Type, 2023 & 2033
Figure 82: Canada Market Value Share, By Drive Type, 2023 & 2033
Figure 83: Canada Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 84: Canada Market Value Share, By Application, 2023 & 2033
Figure 85: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: United Kingdom Market Value Share, By Device Type, 2023 & 2033
Figure 87: United Kingdom Market Value Share, By Vehicle Type, 2023 & 2033
Figure 88: United Kingdom Market Value Share, By Drive Type, 2023 & 2033
Figure 89: United Kingdom Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 90: United Kingdom Market Value Share, By Application, 2023 & 2033
Figure 91: United Kingdom Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: Germany Market Value Share, By Device Type, 2023 & 2033
Figure 93: Germany Market Value Share, By Vehicle Type, 2023 & 2033
Figure 94: Germany Market Value Share, By Drive Type, 2023 & 2033
Figure 95: Germany Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 96: Germany Market Value Share, By Application, 2023 & 2033
Figure 97: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: France Market Value Share, By Device Type, 2023 & 2033
Figure 99: France Market Value Share, By Vehicle Type, 2023 & 2033
Figure 100: France Market Value Share, By Drive Type, 2023 & 2033
Figure 101: France. Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 102: France Market Value Share, By Application, 2023 & 2033
Figure 103: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: Italy Market Value Share, By Device Type, 2023 & 2033
Figure 105: Italy Market Value Share, By Vehicle Type, 2023 & 2033
Figure 106: Italy Market Value Share, By Drive Type, 2023 & 2033
Figure 107: Italy Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 108: Italy Market Value Share, By Application, 2023 & 2033
Figure 109: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: Spain Market Value Share, By Device Type, 2023 & 2033
Figure 111: Spain Market Value Share, By Vehicle Type, 2023 & 2033
Figure 112: Spain Market Value Share, By Drive Type, 2023 & 2033
Figure 113: Spain Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 114: Spain Market Value Share, By Application, 2023 & 2033
Figure 115: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: GCC Countries. Market Value Share, By Device Type, 2023 & 2033
Figure 117: GCC Countries Market Value Share, By Vehicle Type, 2023 & 2033
Figure 118: GCC Countries Market Value Share, By Drive Type, 2023 & 2033
Figure 119: GCC Countries Market Value Share, By Electric Vehicle Type, 2023 & 2033
Figure 120: GCC Countries Market Value Share, By Application, 2023 & 2033
Figure 121: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: South Africa Market Value Share, By Device Type, 2023 & 2033
Figure 123: South Africa Market Value Share, By Vehicle Type, 2023 & 2033
Figure 124: South Africa Market Value Share, By Drive Type, 2023 & 2033
Figure 125: South Africa Market Value Share, By Electric Vehicle Type Age Group, 2023 & 2033
Figure 126: South Africa Market Value Share, By Application, 2023 & 2033
Figure 127: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market value of automotive power electronics in 2023?
The global automotive power electronics market is valued at US$ 4 billion in 2023.
How fast is the global automotive power electronics market predicted to develop?
Global demand for automotive power electronics is projected to rise at a CAGR of 4.1% during the forecast period.
What is the expected market value for 2033?
The market for automotive power electronics is expected to touch US$ 6 billion by 2033.
What market share did Asia Pacific account for in 2022?
Asia Pacific held 38.7% of the worldwide automotive power electronics market in 2022.
Who are the leading manufacturers of automotive power electronics?
Infineon Technologies AG, Texas Instruments, Inc, Mitsubishi Electric Corporation, NXP Semiconductors NV, Toshiba Corporation, and Robert Bosch GmbH are key players operating in the global market.
Automotive Power Electronics Market