DC-DC converters are electronic equipment, which are used to generate regulated voltage. Moreover, automotive DC-DC converters are specially designed to reduce the size of output capacitors and inductors.
The number of control modules in vehicles such as electronic control unit (ECU), DC-DC converters are increasing due to its need to manage the power at the point of load in each device. DC-DC converters mainly play an important role in isolation and voltage conversion. The proliferation of advanced driver-assistance systems (ADAS) and in-cabin infotainment has turned vehicles into complex electronic systems on wheels that require multi-level, and noise-free DC-DC converters. As automotive electronics continue to make advancement, there is an increasing demand for powering electronic components. For instance, Sevcon, a leading company in providing electrification technologies, offers Gen5 High Voltage (HV) DC-DC converters that are suitable for all electric powered vehicles and are designed to be fitted on-board and to be connected permanently to the battery.
Moreover, in November 2020, ROHM, a Japan-based electronic parts manufacturer, developed a BD9P series automotive primary DC-DC converters. The BD9P series is optimized for ADAS (Advanced Driver Assistance System) sensors, cameras, and radars, along with car infotainment, and instrument clusters.
The global automotive DC-DC converter market was pegged at 6,000 thousand units in terms of volume in 2020 and is expected to exhibit a CAGR of 32.2% for the period 2021-2028.
Global Automotive DC-DC Converter Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic has significantly disrupted the supply chain of the global automotive market. The threat of COVID-19 is perceived to be larger than the 2007-2008 global financial crisis (GFC). The automotive industry has seen disruption across vehicle production and supply chain, causing a temporary shutdown of many major automobile production facilities, which resulted in the lower production and supply of automotive vehicles. The key players in the DC-DC convertor market also witnessed similar situations where they needed to shut down their production facilities, in order to safeguard employee’s health. For instance, in March 2020, Continental AG, a Germany-based automotive part manufacturer, temporarily shut down 40% of Continental’s 249 production locations across the globe.
Statistics:
Asia Pacific held dominant position in the global automotive DC-DC converter market in 2019, accounting for 41.7% share in terms of value, followed by Europe and North America.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | 6,461 Thousand Units |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 32.2% | 2028 Value Projection: | 58,875 Thousand Units |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Bellnix Co.,Ltd., BORGWARNER INC. , Calex Manufacturing Co., Inc., Chang Sung Corporation, Continental AG, Delta Electronics, Inc., Deutronic Electronic Technology (Shenzhen) Co., Ltd., EGTRONICS Co., Ltd., FLEX LTD., Hangzhou TIECHENG Information Technology Co., Ltd, HELLA GmbH & Co. KGaA ,HIVRON Inc. , Inmotion Technologies AB, LG INNOTEK, MORNSUN Guangzhou Science & Technology Co., Ltd , Rhyl Co., Ltd, Ricoh Company, Ltd., Robert Bosch Gmbh, Rohm Co., Ltd., Shenzhen Xinrui Technology Co., Ltd, Shindengen Electric Manufacturing Co., Ltd., SILICON LABORATORIES, TDK Corporation, Toyota Industries Corporation, Valeo Group , VAPE (VAPEL), and Zhejiang Ximeng Electronic Technology Co.,Ltd. |
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Figure 1: Global Automotive DC-DC Converter Market Share (%), By Region, 2019
Asia Pacific held dominant position in the global Automotive DC-DC Converter market in 2019, and is estimated to retain its dominance throughout the forecast period, owing to rapid product developments by the Asia Pacific-based automotive DC-DC converter companies.
For instance, in September 2018, Denso Corporation launched light weight digital type DC-DC converter for hybrid cars. Moreover, the vendors such as Mitsubishi Electric Corporation are also using miniature technologies to reduce the size and increase efficiency of power conditioner systems used in electric vehicles. Power conditioners primarily consists of DC to DC converters.
Major players operating in the global automotive DC-DC converter market include Bellnix Co.,Ltd., BORGWARNER INC. , Calex Manufacturing Co., Inc., Chang Sung Corporation, Continental AG, Delta Electronics, Inc., Deutronic Electronic Technology (Shenzhen) Co., Ltd., EGTRONICS Co., Ltd., FLEX LTD., Hangzhou TIECHENG Information Technology Co., Ltd, HELLA GmbH & Co. KGaA ,HIVRON Inc. , Inmotion Technologies AB, LG INNOTEK, MORNSUN Guangzhou Science & Technology Co., Ltd , Rhyl Co., Ltd, Ricoh Company, Ltd., Robert Bosch Gmbh, Rohm Co., Ltd., Shenzhen Xinrui Technology Co., Ltd, Shindengen Electric Manufacturing Co., Ltd., SILICON LABORATORIES, TDK Corporation, Toyota Industries Corporation, Valeo Group , VAPE (VAPEL), and Zhejiang Ximeng Electronic Technology Co.,Ltd.
Among DC-DC converter type segment, the non- isolated sub-segment is expected to dominate the market during the forecast period, owing to the several advantages offered by non-isolated DC-DC converter compared to isolated DC-DC converter.
The non-isolated DC-DC converter tends to be smaller in size than an isolated DC-DC converter. Furthermore, non-isolated converters tend to operate at higher switching frequencies which will further reduce the size of capacitors and magnetic components. This is expected to drive growth of the global automotive DC-DC converter market during the forecast period.
Additionally, several manufacturing companies such as Calex Manufacturing are focused on product launches for automotive and other applications. For instance, in April 2020, US-based Calex Manufacturing Co., Inc., a subsidiary of Murata Power Solutions, Inc. introduced a 3000W BCA bi-directional non-isolated DC-DC converter for automotive and battery applications.
Figure 2: Global Automotive DC-DC Converter Market Value (US$ Mn), 2017 - 2028
The global automotive DC-DC converter market was valued at 6,461 Thousand Units in 2019 and is expected to reach 58,875 Thousand Units by 2028, exhibiting a CAGR of 32.2% between 2021 and 2028.
Competitive Section
Major companies operating in the global automotive DC-DC converter market are Bellnix Co.,Ltd., BORGWARNER INC. , Calex Manufacturing Co., Inc., Chang Sung Corporation, Continental AG, Delta Electronics, Inc., Deutronic Electronic Technology (Shenzhen) Co., Ltd., EGTRONICS Co., Ltd., FLEX LTD., Hangzhou TIECHENG Information Technology Co., Ltd, HELLA GmbH & Co. KGaA ,HIVRON Inc. , Inmotion Technologies AB, LG INNOTEK, MORNSUN Guangzhou Science & Technology Co., Ltd , Rhyl Co., Ltd, Ricoh Company, Ltd., Robert Bosch Gmbh, Rohm Co., Ltd., Shenzhen Xinrui Technology Co., Ltd, Shindengen Electric Manufacturing Co., Ltd., SILICON LABORATORIES, TDK Corporation, Toyota Industries Corporation, Valeo Group , VAPE (VAPEL), and Zhejiang Ximeng Electronic Technology Co.,Ltd.
Key Developments
Introduction of devices to reduce fuel consumption such as the on and off system requires the use of two power systems in vehicles. The traditional 12 V lead-acid and 48 V lithium batteries are needed to start the engine. Thus, the need of bi-directional electric transfer between the two batteries has been increased, according to the specific needs of the overall system. The power regeneration systems also require a bidirectional electricity transfer in a vehicle.
Market Dynamics
Emerging economies such as Brazil, Colombia, and Mexico in Latin America region are expected to be growth engines for the automotive DC-DC convertor market during the forecast period. Various governments in these regions are providing tariff exemptions, and tax incentives for purchasing electric vehicles. Moreover, government initiative are propelling adoption of electric vehicles. For instance, in September 2018, Mexico government launched National Electric Mobility Strategy, through which the government is providing exemption on federal duty on new battery electric vehicles (BEVs) and hydrogen fuel cell vehicles (HCEVs). Moreover, In May 2018, Argentina launched National Electric Mobility Strategy program to develop charging infrastructure, promote electric vehicle production, and to gradually electrify new vehicles sold in the country.
Moreover, in July 2018, the Brazil government launched ‘Rota 2030’, an incentive program for car manufacturers through which the government is offering tax emption from 7% to 20% depending on the efficiency of the vehicle. The increasing demand for electric and hybrid vehicles is resulting in rising demand for automotive DC-DC convertors, as it is an integral part of electric vehicles.
Market Taxonomy
This report segments the global automotive DC-DC converter market on the basis of DC-DC Converter Type, Propulsion System, System, Vehicle Type, Output Power, and Region. On the basis of DC-DC Converter Type, global automotive DC-DC converter market is segmented into Isolated and Non-isolated (Buck, Boost, etc.). On the basis of propulsion system, the global automotive DC-DC converter market is segmented into Hybrid EV (PHEV & HEV), EV/BEV, and fuel cell vehicle (FCV). On the basis of system, the global automotive DC-DC converter market is segmented into 12 V system, 24 V system and 48 V system & above. On the basis of vehicle type, the global automotive DC-DC converter market is segmented into passenger cars and commercial vehicles. On the basis of output power, the global automotive DC-DC converter market is segmented into Upto 3 kW, 3 kW to 7 kW, 7 kW to 11 kW, and others. On the basis of region, global automotive DC-DC converter market is segmented into North America, Latin America, Europe, Asia pacific, and Middle East & Africa.
Key features of the study:
Detailed Segmentation:
**All the pointers will also be provided for the rest of the companies.
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