Automotive Power Modules Market by Type (SiC MOSFETs, Si IGBTs), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Propulsion Type (Battery Electric Vehicle (BEV), by Application (Traction Inverter, DC-DC Converter, On-Board Charger), by By Type (SiC MOSFETs, Si IGBTs), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Automotive Power Modules Marketsize was valued at USD 4.53 USD Billion in 2023 and is projected to reach USD 15.21 USD Billion by 2032, exhibiting a CAGR of 18.89 % during the forecast period. Automotive power modules are vital parts of today’s cars and serve the purpose of controlling electrical power in several applications. These modules integrate many applications such as voltage control, power conversion, and signal amplification into one device. Some of them are the power train control modules, the engine control modules as well as the battery control modules. They are characterized by factors including efficiency, dependability at high temperatures, and sophisticated heat dissipation. Car power modules are used in engines, transmissions, brake-by-wire systems, and the electric vehicles’ powertrain. These provide control of available electrical power, the health status of the system, and the efficiency of the fuel. It also references the complexity of the car built up with an enhanced design that goes well with the gradually evolving automotive electronics along with electric and hybrid automobiles.
This report provides a comprehensive analysis of the global automotive power modules market, including market size, growth rate, drivers, trends, challenges, and competitive landscape. The report also includes detailed profiles of the leading players in the market.
The Asia-Pacific region is expected to hold the largest market share due to the presence of major automotive manufacturing hubs such as China, Japan, and India.
Leading players in the market are focusing on offering competitive pricing to gain market share.
The report provides a detailed SWOT analysis of the global automotive power modules market.
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 18.89% 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 18.89% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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