Global Automotive Power Electronic Industry was valued at USD 4.92 Billion in the year 2017. Global Automotive Power Electronic Industry is further estimated to grow at a CAGR of 4.01% from 2019 to reach USD 6.75 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecast period. At a country level, China is projected to grow strongly in the coming years.
Major market players in Automotive Power Electronic Industry are Robert Bosch GmbH, Toshiba Corporation, Fuji Electric Co. Ltd., Continental AG, Renesas Electronics Corporation, Infineon Technologies AG, ROHM Semiconductor, Croda International Plc, Texas Instruments Incorporated, Qualcomm Technologies Inc., ABB Group, Mitsubishi Electric Co., and other 10 more companies’ detailed information is provided in report. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Automotive Power Electronic Industry:
Increasing demand for Electric Vehicles
High Production Cost
Rising demand in the automotive sector
Growing demand for Compact Devices With High Efficiency
The major shares of the Industry come from Passenger, Vehicle type in Global Automotive Power Electronic Industry. On the other hand, Sensor, by component for this Industry is expected to grow at highest CAGR during the year 2019-2025.
Automotive Power Electronic Industry Segmentation:
• Safety and Security
• Powertrain and Chassis
• Body Electronic
By Vehicle Type
• Power Integrated Circuit (IC)
• Microcontroller Unit (MCU)
By Electric Vehicle
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa