Global Automotive On Board AC-DC Power Inverters Market Analysis & Trends - Industry Forecast to 2030

Global Automotive On Board AC-DC Power Inverters Market Analysis & Trends - Industry Forecast to 2030

Automotive On Board AC-DC Power Inverters: Market Size

The global Automotive On board AC-DC Power Inverters market is projected to grow at a CAGR of 6.3% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include a rise in the number of electronic devices, the rising adoption of handheld devices inside an automobile, and an increase in research and development activities.

Global Automotive On Board AC-DC Power Inverters Market: Market Dynamics
An increase in the number of traveling which required electronic devices such as infotainment systems, the rising cab aggregators industry across the world, growing popularity of electric vehicles, and an increase in the prevalence of handheld devices are the major factors driving the market growth.

On the other hand, the high cost of integration remains is likely to obstruct the profit boundaries. In addition, an increase in the focus of OEMs toward efficient power management will further boost the Automotive On board AC-DC Power Inverters market.

Impact of COVID-19 on Automotive On Board AC-DC Power Inverters
The outbreak of the COVID-19 pandemic has adversely affected the automotive on board AC-DC power inverters market. The sharp decline in the sales of electric vehicles had a profound impact on the automotive on board AC-DC power inverters market due to the temporary closure of the production units. Further, the shrinking R&D budget and changing manufacturers' focus to revive the demand and produce BS-VI vehicles has led to sluggish market growth.

By Type

100 W to 150 W Segment Dominate the Market in 2024
The 100 W to 150 W segments made huge revenue in 2024 during the forecast period due to the use of electronic devices including consoles, laptops, charging mobile phones, and DVD players requiring a low power range. The high-range power inverters are primarily used in commercial vehicles.

By Geography

Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period due to the increasing number of rental cab services that use GPS, telematics systems, and increasing production of passenger cars.

List of the Key Players Profiled in the Market Include:
• Eaton Corporation
• Calsonic Kansei
• Sensata Technologies
• Philips
• TOSHIBA Electronic Devices & Storage Corporation
• Continental AG
• Lear Corporation
• Delta Electronics
• Samlex America
• Stanley Black & Decker

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others