Latest Industry study on Contract Research Organizations , Industry Global Automotive Power Electronics Market Analysi

Global Automotive Power Electronics Market Analysis by Application (Body Electronics, Chassis and
Powertrain, Infotainment and Telematics, Safety and Security); by Vehicle (Passenger Car, Light
Commercial Vehicle and Heavy Commercial Vehicle); by Electric Vehicle (Battery Electric Vehicle,
Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Component (Microcontroller, Power
Integrated Circuit, Sensor, Transceiver); by System (DC/DC, DC/AC, and AC/DC); by Geography (North
America, Europe, Asia Pacific, Latin America and Middle East and Africa) to 2025.
The traditional automobile was established more than a century ago. Over the decades, the automobile
sector has constantly evolved from being mainly a matter of heavy mechanical systems to the
integration of mechanical systems along with electronic controls. The main reason of this advancement
is the emergence of power electronics technology and its possible incorporation at various levels in a
vehicle. A basic application of power electronics is to control engines which are designed in the
automotive for proper controlling and conversion of power. Power electronics technology helps in the
efficient conduction and control of electric power in a vehicle.
Rigorous efforts by the Government for vehicle safety exert significant pressure on automotive OEMs
and tier-1 manufacturers to develop better and enhanced vehicle safety systems. From November 2014,
the European General Safety Regulation (EC) No 661/2009 mandates several new safety features for
new passenger cars and commercial vehicles. In addition to the existing mandate of Electronic Stability
Control (ESC) systems, new manufactured cars will essentially have Tire Pressure Monitoring Systems
(TPMS), gear shift indicators, and driver seatbelt reminders. These new and enhanced safety features
will need additional power electronic components to be deployed in each vehicle. From November
2015, in Europe, according to the regulation, all new trucks and buses are to be equipped with Advanced
Emergency Braking (AEB) along with Lane Departure Warning Systems (LDWS), which will also require
power electronics for their operation. On the other hand, complex design and integration process for
advanced technology devices impacts the adoption of new technologies in developing countries. These
factors are likely to inhibit the growth of the power electronics market for automotive.
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The -201cGlobal Automotive Power Electronics Market Analysis and Forecasts to 2025-201d can be
segmented into application, vehicle type, electric vehicle type, component, system, and region. Based
on the application, the market can be categorized as Body Electronics, Chassis and Powertrain,
Infotainment and Telematics, Safety and Security. Amongst these, the body electronics segment
acquires a leading share in the market. This majority is anticipated due to the advancement of vehicles
including power electronics-driven operations like electric power steering, power windows, electronic
brake systems, electric air conditioning, and others. Furthermore, the safety and security segment is
witnessed to exhibit significant growth during the forecast period. This can be majorly attributed to the
increasing mandates for this application.
The market based on vehicle type can be segmented into passenger car, light commercial vehicle and
heavy commercial vehicle. Globally, passenger cars lead the automotive market in terms of volume.
Also, the consumer outlook for technologically advanced and fuel efficient vehicles boosts the growth of
power electronics in the passenger car segment. Additionally, in developed countries, the rise in
government initiatives for safety features in passenger car anticipates the growth of market for power
electronics in automotive during the forecast period.
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Automotive-Power--Electronics--Market-Analysis-and-Forecasts-to-2025