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.