Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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 25.8% for the period 2020-2027.
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.
Asia Pacific is expected to hold dominant position in the global automotive DC-DC converter market during the forecast period.
Automotive DC-DC Converter Market Report Coverage
||Market Size in 2019:
||6,461 Thousand Units
|Historical Data for:
||2017 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||37,644 Thousand Units
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
- By DC-DC Converter Type: Isolated, Non-isolated (Buck, Boost, etc.)
- By Propulsion System: Hybrid EV (PHEV & HEV), EV/BEV, Fuel Cell Vehicle (FCV)
- By System: 12 V system, 24 V System, 48 V System & Above
- By Vehicle Type: Passenger Cars, Commercial Vehicles
- By Output Power: Upto 3 kW, 3 kW to 7 kW, 7 kW to 11 kW, Others
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.
- Increasing Number of Control Modules in Vehicles
- Increasing Applications of DC-DC Converters in Hybrid and Electric Vehicles
|Restraints & Challenges:
- High cost of Automotive DC-DC Converter equipment
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.
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 - 2027
The global automotive DC-DC converter market was valued at 6,461 Thousand Units in 2019 and is expected to reach 37,644 Thousand Units by 2027, exhibiting a CAGR of 25.8% between 2020 and 2027.