Automotive Power Electronics Market Target Audience
Automotive power electronics manufacturers
Automobile manufacturers
Automobile organizations/associations
Automotive power electronics component suppliers
Raw material suppliers for power electronics systems/components
Traders and distributors of automotive power electronics systems
Tier 1, Tier 2, and Tier 3 suppliers
Body Electronics Application: To acquire the largest market share in 2017
With the modernization of vehicles, the number of power electronic components employed in a vehicle
has increased. The power electronics-driven operations include electric power steering, power windows,
electronic brake systems, electric air conditioning, and others which constitute the major components of
the body electronics application.
In terms of growth rate, the safety and security system segment of the automotive power electronics
market is expected to show the highest CAGR during the forecast period. This can be attributed to the
increasing installations of safety features and ongoing legal mandates about this application.
Passenger Car Segment: The largest share of the automotive power electronics market in
2017
The growing complexity of vehicle electronics, coupled with the increasingly stringent emission norms,
has been propelling the growth of the passenger car segment of the global automotive power
electronics market during the forecast period. The passenger car segment is estimated to acquire the
maximum market share for power electronics, owing to the increasing installation of safety features.
The government approved safety mandates and regulations across the developed nations have
incentivized the OEMs to manufacture passenger cars featuring advanced technologies. These factors
have boosted the power electronics market for passenger cars, all over the world.
Asia-Pacific: Rapid vehicle electrification in the Chinese market is propelling the growth of
the automotive power electronics market in the Asia-Pacific region
The demand for technologically advanced cars has also witnessed a boost recently in the Asia-Pacific
region with the convergence of the ICT sector, the automotive sector, and the transportation sector.
This has resulted in the emergence of the advanced vehicle ecosystem. Upcoming safety regulations
would increase the installation of automotive safety technologies in passenger cars. The emergence of
driving assistance technologies has incentivized the OEMs to opt for efficient power electronic
components to satisfy the ongoing market requirement. Thus, the increasing use of technologically
advanced cars is expected to push the need for power electronics in cars in the Asia-Pacific market.
The report also profiles the most promising players in the power electronics market. The market
presents an interesting picture where many big and small players have become a force to reckon with.
The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.),
ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc.
(U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S.),
Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp.
(Japan).
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