Automotive DC-DC Converter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Automotive DC-DC Converter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Automotive DC-DC Converter Market

The Automotive DC-DC Converter market size was valued at USD 2.87 billion in 2023, and the market is now projected to grow from USD 3.68billion in 2024 to USD 29.95 billion by 2032, exhibiting a CAGR of 29.9% during the forecast period of 2024-2032.

The demand for electric vehicles is expected to grow with the recovery of the Automotive DC-DC Converter market growth for automotive industry, which was affected by COVID-19 induced supply chain disruptions and reduced vehicle productivity after the outbreak of the virus. Consequently, sale of cars have been decreasing due to lockdowns and economic crises. Despite this, there shall be a better DC-DC converter market as this contributes to resumption of economies and cohorts that support electric automotive industries resurgence.

Environmental affect of electric vehicles (EVs) is significantly lower in comparison to the internal combustion engine vehicles. Governments’ fiscal policies and regulations prompt urban motorists to switch to sustainable automotive, live in perfect health with reduced anxiety and depression. Governments provide economic support to EVs in the form of subsidies, thus heightening the demand for such vehicles in Automotive DC-DC Converter market share.

The automotive industry increasingly embraces bi-directional converters essential to Vehicle-to-Grid (V2G) applications in hybrids and electric vehicles. The rise of Gallium Nitride based power semiconductors in DC-DC converters has increased power density, efficiency and compactness as compared to Silicon based converters.

Comprehensive Automotive DC-DC Converter Market

The Automotive DC-DC Converter market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Application Analysis, by Vehicle Type Analysis. The Type Analysis include isolated and non-isolated. The Application Analysis includes passenger cars and commercial vehicle. The Vehicle Type Analysis includes Plug-in Hybrid Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs).

The Asia Pacific area lead the Automotive DC-DC Converter market with the resource of estimate a market size of USD 1.80 in 2023 due to the favorable governmental policies that are in region, growing charging infrastructure further to development of technology.

The top players in the market play a crucial role in the Automotives industry assuring industrial prospectus development and setting market standards. These players include, SHINDENGEN ELECTRIC MANUFACTURING CO., LTD. (Japan), RECOM Power GmbH (Germany), Robert Bosch GmbH (Germany), Infineon Technology AG (Germany), Skyworks Solutions, Inc. (U.S.), Continental AG (Germany), Texas Instruments (U.S.), Eaton Corporation plc (U.S.), STMicroelectronics (Switzerland), BorgWarner Inc. (U.S.), Vitesco Technologies GmbH (Germany), TDK-Lambda Corporation (Japan), Hella (Germany), Vicor Corporation (U.S.), Toyota Industries Corporation (Japan) these market players provide a competitive landscape.

In February 2024, To assist engineers realizes greater power density, Texas Instruments unveiled two new power conversion devices, the UCC33420-Q1 and UCC33420 1.5W DC-DC converter modules that deliver 3kV isolation. This device is more efficient than other similar devices by three times as much power per unit volume or eight times more average power output than other devices.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 29.9% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Isolated

Non-Isolated

By Application

Passenger Cars

Commercial Vehicles

By Vehicle Type

BEV

PHEV

By Geography

North America (By Type, By Application, By Vehicle Type)

- U.S. (By Vehicle Type)

- Canada (By Vehicle Type)

- Mexico (By Vehicle Type)

Europe (By Type, By Application, By Vehicle Type)

- Germany (By Vehicle Type)

- France (By Vehicle Type)

- U.K. (By Vehicle Type)

- Rest of Europe (By Vehicle Type)

Asia Pacific (By Type, By Application, By Vehicle Type)

- China (By Vehicle Type)

- India (By Vehicle Type)

- Japan (By Vehicle Type)

- South Korea (By Vehicle Type)

- Rest of Asia Pacific (By Vehicle Type)

Rest of the World (By Type, By Application, By Vehicle Type)


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