Automotive Power Electronics Market worth 5.49 Billion USD by 2022
The report "Automotive Power Electronics Market by Application (Body Electronics, Chassis &
Powertrain, Infotainment & Telematics, Safety & Security), Vehicle (PC, CV), EV (PHEV, BEV, HEV),
Component (MCU, Power IC, Sensor), and Region - Global Forecast to 2022", The automotive power
electronics market, in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The
market was valued at USD 4.30 Billion in 2016 and is projected to reach a market size of USD 5.49 Billion
by 2022.
Browse 78 Market Data Tables and 56 Figures spread through 180 Pages and in-depth TOC
on "Automotive Power Electronics Market.
Early buyers will receive 10% customization on reports.
The major factors behind the growth of the automotive power electronics market are the increasing
installations of advanced driver assistance systems, stringent automotive safety and security norms
introduced by the government and rising preference of vehicle electrifications among OEMs and Tier I
suppliers.