Global Automotive Power Electronics Market to Soar as Vehicle Makers Seek Advancements for Safety

Published Date : Oct 01, 2018

Albany, New York, Oct 1, 2018: announced the addition of a new research report to its repository. The research report, titled “Automotive Power Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, is 211-page publication that allows the readers to see the factors driving the overall market objectively. Analysts have studied the strengths, weaknesses, opportunities, and threats present in the overall automotive power electronics market in absolute detail. The research report also includes a detailed explanation of the historical achievements of the market and compares them to the present-day market situation to give the readers a fair perspective of the automotive power electronics market’s trajectory.

The global market for automotive power electronics is expected to rise at a steady rate in the coming years due to remarkable advancements in technology. For instance, incorporation of driver assistance systems, powertrain advancements, and infotainment features due to constant research and development have made significant contribution to the growth of the market. In the past few years, the electrical components of a vehicle have evolved by leaps and bounds. Today, they are affordable and are given due importance for ensuring safety of the driver.

On the basis of electric vehicle, the global market for automotive power electronics is segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid vehicles (PHEV). The vehicle types catered for are commercial and passenger vehicles. The report suggests that automotive power electronics see application in body electronics, powertrain and chassis, safety and security systems, and infotainment and telematics.

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In terms of geography, the global automotive power electronics market is segmented into North America, Asia Pacific, Europe, and the Middle East and Africa. Out of these, Asia Pacific is expected to dominate the global market for automotive power electronics market. The robust vehicle production and growing investments by international automobile companies in emerging economies of India and China are expected to pump up the Asia Pacific automotive power electronics market in the coming years. The huge leap in production of technologically advanced cars across Asia Pacific also makes the regional market significant to the equation.

Some of the key players operating in the global automotive power electronics market are Qualcomm, Ins., Infineon Technologies AG, Texas Instruments, Inc., Maxim Integrated Products Inc., ON Semiconductor Corp., and NXP Semiconductors N.V. The research report profiles these player to give the readers a detailed understanding of the competitive landscape present in the overall market. It assesses the financial outlooks of these vendors, their research and development strategies, and plans for expanding their business horizons. It speaks of the opportunities these companies have and the milestones they have achieved to understand the kind of contribution they will make in the coming years. The publication is complete with comments and suggestions from market experts to give the readers a holistic perspective of the intensity of the competitive rivalry.

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