Automotive Power Electronics Market Reach US$22.65 Bn by 2025; Introduction of Advanced Technology to Expand Automotive Power Electronics Market, Says TMR

News provided by

Transparency Market Research

08 Jan, 2019, 11:00 GMT

ALBANY, New York, January 8, 2019 /PRNewswire/ --

The global automotive power electronics market is likely to grow at a significant rate as new players are investing a large amount in this market. Companies like crème-de-la-crème are investing intensely to develop new products with the help of advanced technology. Leading companies are investing in different strategies such as merger and acquisition, innovation, and partnership that will help them in getting a stronghold in the market. For instance, companies such as Renesasa Electronics Corp., Infineon Technologies AG, ON Semiconductor Corp., Mitsubishi Heavy Industries Ltd., and Texas Instruments Inc., are developing technologically advanced electric vehicles for transportation. Some of the other companies in this market are NXP Semiconductors N.V., Maxim Products Inc., Qualcomm Ins., Vishay Intertechnology Inc., and Robert Bosch GmbH.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

As key players are using different strategies there are chances for the market to rise at a steady rate in the near future. The valuation of this market is likely to reach US$22.65 bn by the end of the forecast period in 2025. The market is projected to rise at steady CAGR of 19.0% between 2017 and 2025.  These figures are presented in a recent report published by Transparency Market Research.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34853

Based on vehicle type, the market is bifurcated into the commercial vehicle and passenger cars. Among these two, the passenger car is likely to lead the market and attain high revenue over the projected tenure. This rise is attributed to the growing initiative taken by the government to encourage the use of advanced electronics to reduce environmental pollution. In terms of geography, Asia Pacific is expected to lead the market due to rapid growth in the automotive industry.

Rising Demand for Advanced Vehicles to Led Market Growth  

Use of advanced technology in the automotive sector has propelled its growth. Manufacturers in the automotive industry are installing advanced driver assistance systems and are abiding the rule for safety and security introduced by the government. This has led the growth of automotive power electronics. The use of automotive power electronics aids in controlling a high magnitude of voltage and it can convert different electric power in an efficient manner.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34853

With the growing demand for advanced solutions in electric vehicles, the demand for automotive power electronics also increases as it is employed in high power converting devices.  Moreover, rising demand for eco-friendly vehicles has also led the demand in this market.

High Cost of Vehicles to Hamper Demand for Automotive Power Electronics  

Even though the demand in the automotive power electronics market is high, few obstacles might limit the growth of the market. One of the major restraint is high-cost vehicles. This factor might contain the market from growing especially in the developing countries. Although the newer generation is in favor of advanced electronic vehicles, financial constraint refrain them from buying it. However, increasing government initiatives to encourage the use of advanced technology and the introduction of strict norms might provide a fillip in this market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=34853

The information presented in this review is based on a TMR report, titled "Automotive Power Electronics Market (Electric Vehicle - Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV) and Plug-in Hybrid Electric Vehicles (PHEV); Vehicle Type - Passenger Cars (PC) and Commercial Vehicles (CV); Application - Powertrain and Chassis, Body Electronics, Safety & Security Systems, and Infotainment & Telematics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025."

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/automotive-power-electronics-market.htm

The Global Automotive Power Electronics Market has been segmented as presented below: 

Global Automotive Power Electronics Market, By Electric Vehicle 

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)

Global Automotive Power Electronics Market, By Vehicle Type 

  • Passenger Cars (PC)
  • Commercial Vehicles (CV)

Global Automotive Power Electronics Market, By Application 

  • Powertrain and Chassis
  • Body Electronics
  • Safety & Security Systems
  • Infotainment & Telematics
  • Others

Global Automotive Power Electronics Market: Geography 

  • North America 
    • U.S.
    • Canada
  • Europe 
    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest Of Europe
  • Asia Pacific  
    • China
    • India
    • ASEAN
    • Rest Of Asia Pacific
    • Japan
  • Latin America 
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa (MEA) 
    • GCC
    • South Africa
    • Rest of MEA

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR: 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Research Blog: https://transparencyjournal.com/