Automotive Power Electronics

Automotive Power Electronics

Global Automotive Power Electronics Market to Reach $6.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Power Electronics estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$6.5 Billion by 2030, growing at aCAGR of 3.3% over the period 2022-2030. Passenger Cars, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$5.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial Vehicle segment is readjusted to a revised 0.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 6.1% CAGR
The Automotive Power Electronics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Select Competitors (Total 46 Featured) -

• Infineon Technologies AG
• Mitsubishi Electric Corporation
• NXP Semiconductors NV
• Robert Bosch GmbH
• Texas Instruments, Inc.
• Toshiba Corporation

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