Global Automotive DC-DC Converter Market, by DC-DC Converter Type (Isolated and Non-isolated (Buck, Boost, etc.)), by Propulsion System (Hybrid EV (PHEV & HEV), EV/BEV, and Fuel Cell Vehicle (FCV)), by System (12 V system, 24 V System, and 48 V System & Above), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Output Power (Upto 3 kW, 3 kW to 7 kW, 7 kW to 11 kW, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Forecast to 2027, is expected to be pegged at 58,875 Thousand Units by 2028, exhibiting a CAGR of 32.2% during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.
Overview
Automotive DC-DC converters are majorly used in the hybrid EV (Electric Vehicles), EV/BEV (Battery Electric vehicles), and fuel cell vehicle (FCV). DC-DC converter is vital for converting a 24V or 48V power supply into a 12V power supply to ensure safe and reliable operation of on-board electronic systems. Usually AC motors are used in hybrid electric vehicles (HEVs) and EVs for propulsion application are equipped with DC-DC converter. The most common DC-DC converters used in HEV and EV include unidirectional converters and bidirectional converters.
The global automotive DC-DC converter market was valued at 6,000 Thousand Units, in terms of volume in 2020 and is expected to grow at CAGR of 32.2% for the period 2021-2028.
Market Dynamics
Unidirectional converters are used in entertainment devices, controls, sensors, utility, and safety devices. Bidirectional converters are used for several applications such as regenerative braking and battery charging. The market players are emphasizing on the development of the advanced DC-DC converters. For instance, in May 2020, Vicor, a U.S.-based manufacturer of modular power components and power systems, introduced the DCM3717, a 48V-to-12V DC-DC converter. This 750W DC-DC converter has 97% peak efficiency. DC-DC Converter, DCM3717 supports the LV148 specification (48V automotive standard) for pure electric and hybrid vehicles.
Global Automotive DC-DC Converter Market - Impact of Coronavirus (Covid-19) Pandemic
The monetary spending patterns of people across the globe have also changed, owing to the COVID-19 pandemic. According to Coherent Market Insight’s analysis, in 2020, consumers have increased their spending on healthcare products, groceries, and home entertainment systems and reduced their spending on vehicle purchase, shared mobility, fuel, and tours and tourism. The COVID-19 pandemic is expected to adversely impact the automotive DC-DC converter market.
To know the latest trends and insights prevalent in global Automotive DC-DC Converter market, click the link below:
https://www.coherentmarketinsights.com/market-insight/automotive-dc-dc-converter-market-4461
Key Trends and Analysis of the Global Automotive DC-DC Converter Market:
- Among DC-DC converter type, non-isolated segment is expected witness highest growth during the forecast period. This is owing to the several advantages offered by the non-isolated DC-DC converter over the isolated DC-DC converter. The non-isolated DC-DC converter are smaller in size compared to isolated DC-DC converter. Furthermore, non-isolated converters operate at higher switching frequencies, which further reduces the size of capacitors and magnetic components.
- Europe is expected to exhibit highest growth during the forecast period, owing to rapid increase in adoption of electric vehicles. For instance, the European automobile buyers are shifting their preference from conventional IC engine cars to electric vehicles. This is owing to several advantages offered by the electric cars such as lower fuel cost and CO2 emissions. For instance, sales of electric cars and plug in hybrid cars in Europe increased by 50% and 15% in terms of volume, respectively in 2018 compared to 2017, according to European Environment agency.
Competitive Section
Major companies 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.
Key Developments
- Key players are focused on product launches, in order to enhance the product portfolio. For instance, in October 2020, Borgwarner inc. (Delphi technologies, plc) announced the launch of Combined Inverter and DC-DC Converter (CIDD), designed for plug-in electric vehicles in the China market.
- Market players are focused on facility expansion, in order to enhance its global reach. For instance, For instance, in January 2018, Deutronic Electronic Technology (Shenzhen) Co., Ltd. opened its subsidiary in South-Carolina, U.S., in order to meet the strong demand of power electronics, charging technology and industrial automation in the U.S. market.
Segmentation
Market Taxonomy:
- 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
- By Region
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
