Automotive DC-DC Converter Market
Global Automotive DC-DC Converter Market Size, Share & Trends Analysis Report by Product Type (Isolated DC-DC Converters and Non-Isolated DC-DC Converters), by Propulsion Type, (Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicle, Battery Electric Vehicle, and Fuel Cell Electric Vehicle), and by Vehicle Type (Passenger Vehicles and Commercial Vehicles) Forecast Period (2022-2028)
The global automotive DC-DC converter market is anticipated to grow at a significant CAGR of 11.1% during the forecast period. One of the primary factors that is fueling the market include the necessity of the automotive DC-DC converter in electric vehicles. The converter is solely used to convert dc power from an on-board 200-800V high voltage battery into lower dc voltages (48V or 12V) to power fans, headlights, wiper and window motors, interior lights, pumps, and many other systems within hybrid electric vehicles (HEV) and electric vehicles (EV). This has necessitated the use of the DC-DC converter in EVs which is reflected in the growing demand for the product in the market.
Impact of COVID-19 Pandemic on Global Automotive DC-DC Converter Market
COVID-19 pandemic had impacted most the industries including the global automotive industry significantly owning to the lockdown in most the nations to control the spread of the virus. It affected the overall demand for vehicles in the market. However, the electric vehicle market showed significant growth. As per the data of the International Energy Agency (IEA) 2020, electric car sales reached 2,977,058 vehicle units globally which is 40.8% more than the sales of electric cars in 2019.
Segmental Outlook
The global automotive DC-DC converter market is segmented based on the product type, propulsion type, and vehicle type. Based on the product type, the market is segmented into isolated DC-DC converters and non-isolated DC-DC converters. Based on the propulsion type, the market is sub-segmented into hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEV), and fuel cell electric vehicles (FCEV). Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on product type, a non-isolated DC-DC converter is anticipated to grow significantly during the forecast period owing to its ability to flow current directly between the two sides as they share a common ground which makes it more efficient and compact as compared to an isolated DC-DC converter.
Global Automotive DC-DC Converter Market Share by Vehicle Type, 2021 (%)
The Passenger Vehicles Segment Expected to Hold the Prominent Share in the Global Automotive DC-DC Converter Market
The passenger vehicle segment is estimated to hold the major share in the global automotive DC-DC converter market and is anticipated to grow significantly during the forecast period. Passenger vehicles have been dominating the market since the inception of the automobile industry. These vehicles are used by most consumers for various reasons while commercial vehicles are used by some for specific works. Its dominance has been also seen in the electric vehicle market which has a growing demand for automotive DC-DC converters in electric vehicles to utilize the electricity to run the electric components of the vehicles. As per the International Energy Agency (IEA), 2020 data, EV cars stock is 10,228,265 units across the globe, while commercial vehicles are 637,699 units.
Regional Outlooks
The global automotive DC-DC converter market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is projected to hold the major share in the electric motor for electric vehicle market followed by Europe, and then North America.
Global Automotive DC-DC Converter Market Growth, by Region 2022-2028
The Asia-Pacific Region Anticipated to Hold the Prominent Share in the Global Automotive DC-DC Converter Market
The Asia-Pacific region is anticipated to hold the prominent share in the automotive DC-DC converter market globally owing to the presence of emerging countries such as China, India, Japan, South Korea, and others. The region is the most populous and has major vehicle markets such as Toyota, Honda, Nio, Tata, and others. This has increased the sales of electric vehicles in the region exponentially and has great future potential for future electric vehicle sales, which mirrored the demand for automotive DC-DC converters. As per the data of IEA 2020, out of the total EV car stock of 10,228,265 units, China has 4,514,114 EV car stocks which are more than 44% of the total EV car stocks.
Market Players Outlook
The major companies serving the global automotive DC-DC converter market include Continental AG, Denso Corp., HELLA GmbH & Co. KGaA, Robert Bosch GmbH, Toyota Industries Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, Bosch announced that silicon wafers passing through the fully automated fabrication process for the first time at the new Bosch semiconductor fab in Dresden. From there, the company made power semiconductors to use in applications such as DC-DC converters in electric vehicles (EVs) and hybrid vehicles (HVs).
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive DC-DC converter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive DC-DC Converter Market
• Recovery Scenario of Global Automotive DC-DC Converter Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Continental AG
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Denso Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. HELLA GmbH & Co. KGaA
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Robert Bosch GmbH
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Toyota Industries Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Automotive DC-DC Converter Market by Product Type
4.1.1. Isolated DC-DC Converters
4.1.2. Non-isolated DC-DC Converters
4.2. Global Automotive DC-DC Converter Market by Propulsion Type
4.2.1. Hybrid Electric Vehicles (HEV)
4.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
4.2.3. Battery Electric Vehicle (BEV)
4.2.4. Fuel Cell Electric Vehicle (FCEV)
4.3. Global Automotive DC-DC Converter Market by Vehicle Type
4.3.1. Passenger Vehicles
4.3.2. Commercial Vehicles
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alps Alpine Co. Ltd.
6.2. Aptiv
6.3. Bellnix Co.,Ltd.
6.4. Delta Electronics, Inc.
6.5. EGTRONICS Co., Ltd.
6.6. Infineon Group
6.7. Marelli Corp.
6.8. Panasonic Industry Co., Ltd.
6.9. TDK Corp.
6.10. Valeo Group
1. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL AUTOMOTIVE ISOLATED DC-DC CONVERTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AUTOMOTIVE NON-ISOLATED DC-DC CONVERTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2021-2028 ($ MILLION)
5. GLOBAL HEV AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PHEV AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BEV AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL FCEV AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
10. GLOBAL PASSENGER VEHICLES AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL COMMERCIAL VEHICLES AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY VEHICLES TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY VEHICLES TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY VEHICLES TYPE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY PROPULSION TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE DC-DC CONVERTER MARKET RESEARCH AND ANALYSIS BY VEHICLES TYPE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET, 2022-2028 (%)
4. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
5. GLOBAL AUTOMOTIVE ISOLATED DC-DC CONVERTERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL AUTOMOTIVE NON-ISOLATED DC-DC CONVERTERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY PROPULSION TYPE, 2021 VS 2028 (%)
8. GLOBAL HEV AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PHEV AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL BEV AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL FCEV AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY VEHICLE TYPE, 2021 VS 2028 (%)
13. GLOBAL PASSENGER VEHICLES AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL COMMERCIAL VEHICLES AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL AUTOMOTIVE DC-DC CONVERTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
18. UK AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE DC-DC CONVERTER MARKET SIZE, 2021-2028 ($ MILLION)
