Automotive DC-DC Converter Market

Global Automotive DC-DC Converter Market is valued at USD 369.5 Million in 2021 and is expected to reach USD 3,189.1 Million by 2028 with a CAGR of 36.05% over the forecast period.

Global Automotive DC-DC Converter Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Growing adoption of EVs, improved safety, fuel efficiency, and driver assistance systems, and rising demand for connectivity and safety in a passenger vehicle are some of the major factors driving the growth of the Global Automotive DC-DC Converter Market.

Scope of Global Automotive DC-DC Converter Market

A DC-DC converter is made up of microcontroller units, magnetic core components, and inductors that are assembled into a block design for use in cars. The DC-DC converter is connected to an automobile's power system and regulates the engine's sleep and start-up processes, which helps to cut emissions. It is essential for transforming a 48V or 24V source of power to a 12V power supply, as well as ensuring the dependable and safe functioning of onboard electronic devices. Some of the primary reasons projected to drive market expansion are growing demand for electric cars and rising fuel prices. These cars also aid in the reduction of automobile emissions. Some of the primary reasons driving market expansion include greater efficiency and enhanced total vehicle power output. However, regional differences in regulatory safety and compliance requirements are some of the primary challenges impeding market development.

COVID-19 had a significant influence on the automotive DC-DC converters industry since practically every nation chose to shut down all manufacturing facilities except those involved in the manufacture of vital commodities. To prevent the spread of COVID-19, the government has taken stringent measures such as shutting down manufacturing and sales of non-essential commodities, blocking foreign commerce, and many more. The only businesses coping with this pandemic condition are those that are permitted to operate and execute procedures. The growing use of electrification in the automobile sector across all regions and nations is driving the development of the automotive DC-DC converter market. Despite the fact that the automobile sector encountered huge challenges during the pandemic, electric car sales increased significantly in the post-pandemic environment. Manufacturers are pursuing a variety of strategic measures in order to recover from COVID-19. Multiple research and advancement initiatives are being carried out by the companies in order to enhance the technology involved in DC-DC converters. The firms will use this to bring breakthrough technology to the market. Furthermore, government programs encouraging the use of electric vehicles have contributed to the market's expansion.

The global Automotive DC-DC Converter market is segmented based on the product type, input voltage, output voltage, output power, propulsion type, vehicle type, and region & country level. Based on product type, the global market is segmented into isolated and non-isolated. By input voltage, the market is segmented into Below 40 V, 40 V - 70 V, and Above 70 V. By output voltage, the global Automotive DC-DC Converter market is segmented into 10.1 V - 15 V, 5 V & below, 5.1 V - 10 V, 15.1 V - 20 V, and above 20 V. By output power, the global Automotive DC-DC Converter market is segmented into 0.25 W - 250 W, 251 W - 500 W, 501 W - 1000 W, and above 1000 W. By propulsion type, the market is segmented into Hybrid & Plug-In Hybrid Electric Vehicle (HEV & PHEV), Battery Electric Vehicle (BEV), and Fuel Cell Electric Vehicle (FCEV). By vehicle type, the global market is segmented into passenger vehicle and commercial vehicle.

The regions covered in the global Automotive DC-DC Converter market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Automotive DC-DC Converter is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Automotive DC-DC Converter Market Segmentation

By Product Type:

• Isolated
• Non-Isolated

By Input Voltage:

• Below 40 V
• 40 V - 70 V
• Above 70 V

By Output Voltage:

• 1 V - 15 V
• 5 V & Below
• 1 V - 10 V
• 1 V - 20 V
• Above 20 V

By Propulsion Type:

• Hybrid & Plug-In Hybrid Electric Vehicle (HEV & PHEV)
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)

By Output Power:

• 25 W - 250 W
• 251 W - 500 W
• 501 W - 1000 W
• Above 1000 W

By Vehicle Type:

• Passenger Vehicle
• Commercial Vehicle

Key Players of Global Automotive DC-DC Converter Market

Some major companies for the global Automotive DC-DC Converter market report cover prominent players like

• BorgWarner Inc.
• Robert Bosch GmbH
• TDK Corporation
• DENSO Corporation
• TOYOTA INDUSTRIES CORPORATION
• Murata Manufacturing Co., Ltd.
• Infineon Technologies AG
• Vitesco Technologies Group AG
• Skyworks Solutions, Inc.
• STMicroelectronics
• SHINDENGEN ELECTRIC MANUFACTURING CO
• MORNSUN Guangzhou Science & Technology Co
• Texas Instruments Incorporated
• Vicor Corporation
• Semiconductor Components Industries
• Continental AG
• Inmotion Technologies AB
• others.

News

Toyota Industries Corporation created a new lightweight and compact unit with an on-board charger and DC-DC converter

On April 13, 2022; Toyota Industries Corporation created a new lightweight and small unit for battery electric vehicles (BEVs) that includes an onboard charger and a DC-DC converter. The product acts as a core component for charging and energy conversion operations in the electricity supply unit (ESU)*1, that Toyota Motor Corporation deployed for the first time in BEVs. It will be installed in the all-new bZ4X BEV, which was released on April 12, 2022. By including an on-board charger and DC-DC converter, the new model is 23% smaller in dimensions and 17% lighter in weight as compared to installing the two devices separately. This enhancement has also led to additional internal space and a lower center of gravity for the specific BEV platform used in the bZ series.

Toyota and Subaru's Latest All-Electric bZ4X and SOLTERRA Powered by DENSO Products

On April 13, 2022; DENSO Corporation announced that it would provide essential electrification parts to Toyota and Subaru's all-electric, all-new bZ4X and SOLTERRA. DENSO solutions enable battery electric vehicles (BEVs) to travel longer distances, charge quicker, optimize battery utilization, and perform better.

Growing adoption of EVs, Improved safety, fuel efficiency, and driver assistance system, and rising demand for connectivity and safety in passenger vehicles are some of the major factors driving the growth of the Global Automotive DC-DC Converter Market.

The need for electronic systems such as entertainment and increased safety via the incorporation of ADAS in contemporary vehicles is driving market expansion. The growing popularity of rechargeable batteries and hybrid electric cars has increased demand for DC-DC converters, since a DC-DC converter is required to transform a 24V or 48V power source into a 12V power source in order to assure the safe and dependable functioning of onboard electrical equipment.

To meet automobile safety standards, leading economies and car manufacturers are investing in the R&D of 200-450V converters with characteristics such as quick circuit breaker management. Furthermore, the market players are heavily investing in R&D and are focused on incorporating DC-DC converters into bigger vehicles. This development has prompted DC-DC converter manufacturers to provide new product options to allow integration into large vehicles.

Ricoh Europe (Netherlands) BV launched the R1273L synchronous buck DC/DC converter, which can operate effectively across a broad input voltage range of up to 34V and generate a maximum output of 14A.

With increased freight and logistics activity, the logistic and governmental sectors have witnessed growing demand for pickup trucks. Recently, there has been a strong demand for electric cars and trucks for personal use, particularly in North America and Europe. In this setting, manufacturers such as Ford, GM, and Volkswagen have increased their emphasis on electric production cars. In the next years, many new companies/startups have declared ambitions to develop hybrid or completely electric pickup truck models. As an example: Ford has revealed that it is working on building a completely electric pickup truck with a range of 300 miles. Although Ford intended to create a hybrid engine, the firm has shifted its focus from a hybrid to a completely electric vehicle. The electrified F-150 is scheduled to be on sale in 2022. Rivian, an American auto manufacturer and automotive engineering firm, has created the RT1, a totally electric pickup truck. This car will have a range of 450 miles and level 3 autonomous functions. The client will get the RT1 in September 2022.

The worldwide adoption of severe emission standards for electric cars is encouraging automotive OEMs (original equipment manufacturers) to include sophisticated technology in their vehicle offerings to improve fuel economy. As a consequence, electric drivetrains for medium and large commercial trucks have been developed (M&HCVs). A DC-DC converter must be included into the electric powertrain to enable increased efficiency and better vehicle performance. Furthermore, increased commercial vehicle sales have prompted component makers to improve their product offers.

Electric cars are ideally suited for transportation as well as the environment, since they serve to manage the strain on air pollution. However, the initial cost of electricity vehicles is higher than that of gasoline - fueled engine automobiles since it includes highly technological upgraded elements that are not harmful to the environment; however, the operating costs of electric vehicles are lower than those of gasoline powered engine vehicles.

Asia Pacific is Expected to Capture a Major Share in the Global Automotive DC-DC Converter Market

Asia Pacific is expected to dominate the global Automotive DC-DC Converter market. Due to growing use of commercial vehicles and key nations' increasing attention to vehicle electrification, the Asia-Pacific region is likely to have a leading share of the market over the forecast period. Furthermore, several significant non-automotive corporations, like Alibaba, are embracing the country's quickly rising EV sector. Silicon Mobility and G-Pulse, for example, announced a partnership in November 2021 to create a high voltage multiphase multiplexed bidirectional DC-DC converter platform for emerging energy vehicles such as battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

Hyundai Motors intends to spend USD 16 billion to enhance its global market share by 2023. The need for DC-DC converters is expected to rise in the future years as production and the introduction of new goods expand. As a result, the elements and instances described above are projected to boost demand in the Asia-Pacific region throughout the projection period.

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 369.5 Million
Base year considered	2021
Forecast Period CAGR %:	36.05%
Market Size Expected in 2028:	USD 3,189.1 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	BorgWarner Inc., Robert Bosch GmbH, TDK Corporation, DENSO Corporation, TOYOTA INDUSTRIES CORPORATION, Murata Manufacturing Co., Ltd., Infineon Technologies AG, Vitesco Technologies Group AG, Skyworks Solutions, Inc., STMicroelectronics, SHINDENGEN ELECTRIC MANUFACTURING CO., LTD., MORNSUN Guangzhou Science & Technology Co. Ltd., Texas Instruments Incorporated, Vicor Corporation, Semiconductor Components Industries, LLC, Continental AG, Inmotion Technologies AB, and others.
Segments Covered	By Product Type, By Input Voltage, By Output Voltage, By Propulsion Type, By Output Power, By Vehicle Type.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa