Dublin, 27 July 2020 (GLOBE NEWSWIRE) – The “market for automotive power electronics through the type of device (type of force, module and discrete), application, component (sensor and microcontroller), material, type of vehicle (tourist vehicle, LCV and HCV), Type of electric vehicle and region: the Global Forecast for 2025 report “has been added to the ResearchAndMarkets.com offering. The length of the global automotive electronics market is expected to increase from USD 3.8 billion in 2020 to $4.7 billion through 2025, with an annual compound rate of 4.7%.
Increasing vehicle-compatible electronic content, adopting new protection features, power train progression, and creating connectivity and vehicle control functions are key points for the expansion of the automotive power electronics market.
The growing demand for protection and connectivity features within the passenger vehicle is likely to drive the expansion in the automotive power electronics market during the forecasting period.
The automotive industry is witnessing an immediate evolution of protection features, which are expected to increase exponentially in the coming years to provide a safer and more convenient driving experience. Major OEMs are launching more passenger cars with ADAS and protection, information and entertainment and telematics features. Economy and intermediate passenger cars are encouraged through the protection and connectivity features of luxury cars.
Innovations in power converters for electric vehicles The AC-DC, DC-AC and DC-DC converter segment dominates the automotive power electronics market
In the context of electric vehicle power electronics, force converters are a domain in which innovation and progress are underway. Power converters come with an AC-DC converter known as a straightener, a DC-AC converter known as an inverter and a DC-DC converter. These force converters are required in all types of electric vehicles. Continuous innovation leads to fluctuating costs related to force converter components.
This results in a wider market for AC-DC, DC-AC and DC-DC converters. In May 2019, Infineon Technologies announced force modules for xEV inverters. At PCIM 2019, Infineon brought 4 new HybridPACK Drive modules optimized for other degrees of inverter functionality between one hundred kW and two hundred kW. Such inventions in force converters lead to the domain of the AC-DC, DC-AC and DC-DC converter segment.
The booming market in emerging countries is driving the regional market for force electronics.
The COVID-19 crisis has led to production and source disruptions around the world, resulting in a decline in demand in a region with a dubious recovery schedule. In addition, OEMs stopped production at their production facilities in other regions, resulting in declining production and declining sales. High-tech automotive testing conducted through corporations in other regions was also suspended.
Key topics covered:
1. Introduction
2 Research methodology
17 Appendix
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