Automotive DC-DC Converter Market by Type (Isolated, Non-Isolated), by Application (Passenger Cars, Commercial Vehicles), by Vehicle Type (BEV, PHEV), by By Geography (North America), by Europe (Germany, France, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Automotive DC-DC Converter Market size was valued at USD 2.25 USD Billion in 2023 and is projected to reach USD 13.67 USD Billion by 2032, exhibiting a CAGR of 29.4 % during the forecast period. An Automotive DC- DC Converter is a power converter that is employed in vehicles to convert the DC voltage, which is drawn from the car battery, to another voltage that is needed in other electrical loads. These converters help provide a constant electrical supply to electric equipment including infotainment system and sensors. There are several types for example isolated converter in which there is no electrical connection between the input and output and the non-isolated which has the connection. Some of the characteristic of these converters include efficiency, size, and thermal issues. They are of two types; step up or boost converters that raise the voltage levels and step down or buck converters that lower the voltage levels. It is taken for use in electric vehicle, lighting and consumer electronics for setting power management of electrical vehicle, lighting and other onboard electronic.
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The comprehensive market report provides insightful analysis of the automotive DC-DC converter market, including recent developments, competitive landscape, regional market dynamics, and future growth projections.
The Asia-Pacific region is projected to dominate the automotive DC-DC converter market, driven by the rapid adoption of EVs and HEVs in China, Japan, and South Korea. Europe and North America are also significant markets, with stringent emission regulations mandating the integration of energy-efficient power management solutions.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 29.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 29.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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