Automotive DC-DC Converters Market Forecasted to Grow at 33.4% CAGR

Posted by Sandeep Roy on April 19th, 2024

The Global Automotive DC-DC Converters Market is projected to witness substantial growth, reaching an estimated value of ,432 million by 2025, with a notable CAGR of 33.4% during the forecast period. This surge is attributed to significant advancements in power supply systems and units, leading to the development of technologically advanced DC-DC converters to fulfill the power supply requirements of various automotive vehicles.

Key Market Players:

Major players in the market include BorgWarner Inc., Denso Corporation, Valeo, Vicor Corporation, and TDK-Lambda Corporation, among others, who are actively catering to the rising demand for electrification in the automotive industry through various products and services.

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The passenger vehicle segment is anticipated to dominate the market, driven by the increasing demand for zero-emission vehicles and technological advancements in power electronics to meet the growing demand for features like infotainment systems and active safety systems. Additionally, the battery electric vehicle (BEV) segment is expected to lead in propulsion type, fueled by rising environmental awareness, government subsidies, and the advantages of high efficiency and low pollution offered by BEVs.

Key insights indicate that the 40-70V segment will lead in input voltage, owing to its suitability for various automotive electronics applications that must withstand both load dump and cold crank conditions. Moreover, the isolated segment is projected to witness the highest growth rate, driven by increasing demand for safe and efficient renewable energy systems, particularly in electric and hybrid vehicles.

Regionally, Europe is forecasted to experience the highest growth rate, with countries like the UK, France, Germany, Norway, and Sweden leading the charge. This growth is propelled by the increasing demand for electric vehicles, supported by government initiatives such as tax exemptions and special discounts.

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