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Automotive DC-DC Converters Market industry size, share trends, growth, demand, opportunities and forecast by 2029

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Consumer response to products already on the market can be determined using the global  Automotive DC-DC Converters Market report. To dominate the market or make a name for yourself as a new entrant in the market, analysis and estimation derived from the extensive information provided in this market report is highly necessary. This market research report offers an in-depth study of current and upcoming opportunities to drive future investments in the market. To understand the market in detail, this market report is the best solution. Estimates and calculations are made in the Automotive DC-DC Converters Market report using a specific base year and past years.

Automotive DC-DC Converters Market is a promising and promising market research report. The research and analysis conducted in this report will help clients to invest in emerging markets, increase market share, or predict the success of new products using global market research analysis. Market segmentation is also covered in detail considering various aspects, which will definitely help your business. All these actions also affect sales, imports, exports, revenue, and CAGR values. Needless to say, all this information is evaluated and verified by market experts before being shared with end users.

Data Bridge Market Research analyses that the automotive DC-DC converters market is expected to reach the value of USD 14,005,385.14 thousand by 2029, growing at a CAGR of 29.2% in the forecast year of 2022-2029. The automotive DC-DC converters market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Market Overview

Automotive DC-DC converter comprises inductors, microcontroller units (MCUs), and magnetic core components that are encompassed in a block design for integration into vehicles. The DC-DC converter is attached to an automobile’s ignition system to effectively control the engine’s restart and shutdown in order to cut emissions. A DC-DC converter runs within a set voltage range to power a myriad of onboard electronic equipment, since the integrated infotainment system aboard an automobile requires a steady supply of electricity of roughly 12V delivered by the powertrain.

DC-DC converters mainly play an important role in isolation and voltage conversion. The proliferation of advanced driver-assistance systems (ADAS) and in-cabin infotainment has turned vehicles into complex electronic systems on wheels that require multi-level, and noise-free DC-DC converters are fueling the growth of the market to an extent.

Explore Further Details about This Research Automotive DC-DC Converters Market Report https://www.databridgemarketresearch.com/reports/global-automotive-dc-dc-converters-market

Automotive DC-DC Converters Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:

  • Increase in Sales of Electric Vehicle Globally

The automotive industry is showing an enormous growth over the years owing to rising demand for luxurious electric vehicles. Some of the factors driving the sales of the electric vehicles include stringent government regulations toward vehicles emissions, increasing demand for high performance and low emission. It is reported by IEA (International Energy Agency) that consumers had spent USD 120 billion on electric car purchases in 2020, a 50% increase from 2019, which breaks down to a 41% increase in sales of electric cars. This resulted in increased demand for DC-DC converters in EVs.

  • Rise in Popularity of Mobility as a Service (MaaS) Model

The concept of Mobility as a Service (MaaS) has been gaining popularity within the electric automotive sector. Increasing number of manufacturers, Service providers, companies, policy makers and the public were focusing their attention on electric mobility for convenience.

Mobility-as-a-service describes a shift away towards mobility provided as a service from personally-owned modes of transportation due to various factors like increasing pollution levels, rapid urbanization, maintenance cost of vehicles and unavailability and restrictions of parking space in big cities around the world.

  • R&D Efforts to Integrate DC-DC Converters Into Commercial Vehicles

The global adoption of stringent emission norms for electric vehicles is motivating the automotive OEMs (Original equipment manufacturers) to integrate advanced technologies in their vehicle offerings to enhance their fuel efficiency. This has resulted in the development of electric drivetrain for medium and heavy commercial vehicles (M&HCVs). The electric drivetrain needs the integration of a DC-DC converter to ensure higher efficiency and better vehicle performance. Furthermore, the increase in sales of commercial vehicles has driven component manufacturers to upgrade their product offerings.

  • Higher Cost of Electronic Component in Electric Vehicle

The electric vehicles are best suitable for transportation and also for the environment as it would help to control the pressure over the air pollution. But the initial cost of electric vehicles are higher as compared to that of gasoline powered engine vehicles because it includes technologically upgraded components which has no harm to the environment, however the operational costs of the electric vehicles are cheaper than the gasoline powered engine vehicles.

Some of the major players operating in the automotive DC-DC converters market are Robert Bosch GmbH, BorgWarner Inc., DENSO Corporation, TDK Corporation, Murata Manufacturing Co., Ltd., TOYOTA INDUSTRIES CORPORATION, Vitesco Technologies Group AG, Infineon Technologies AG, STMicroelectronics, Skyworks Solutions, Inc., MORNSUN Guangzhou Science & Technology Co. Ltd., SHINDENGEN ELECTRIC MANUFACTURING CO., LTD., Vicor Corporation, Texas Instruments Incorporated, Continental AG, Semiconductor Components Industries, LLC, Inmotion Technologies AB, Deutronic Elektronik GmbH, Sinpro Electronics Co., Ltd., RECOM Power GmbH, among others

Key Insights Of Automotive DC-DC Converters Market Report

  • The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
  • This study presents the analytical depiction of the Automotive DC-DC Converters Market with the current trends and future estimations to determine the imminent investment pockets
  • The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Automotive DC-DC Converters Market
  • The forecast period of the market is assessed from 2024 to 2030 to highlight the Automotive DC-DC Converters Market growth scenario.
  • Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
  • The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
  • This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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