Automotive DC-DC Converters Market ,Industry Trends and Forecast to...

Automotive DC-DC Converters Market ,Industry Trends and Forecast to 2029

Umieszczone 2024-05-03 05:16:57

" A winning Automotive DC-DC Converters Market report is an established source of information that presents with a telescopic view of the current market trends, situations, opportunities and status. This report helps clients recognize new opportunities and most important customers for their business growth and increased revenue. Moreover, the trends in consumer and supply chain dynamics are also recognized and then accordingly strategies about marketing, promotion and sales are interpreted for an extreme success. The report gives details about the top players and brands that are driving the market. The current market scenario and future prospects of the sector have also been examined in the comprehensive Automotive DC-DC Converters Marketing report.

Simplicity maintained in research method and application of best tools and techniques makes Automotive DC-DC Converters Market research report an exceptional. This market report provides an ideal window to the industry which explains what market definition, classifications, applications, engagements and market trends are. The report also gives description about the complete market analysis with inputs from industry experts. A market research analysis and estimations carried out in the credible Automotive DC-DC Converters Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals.

Data Bridge Market Research analyses that the automotive DC-DC converters market is expected to reach the value of USD 14,005,385.14 thousand by 2029, growing at a CAGR of 29.2% in the forecast year of 2022-2029. The automotive DC-DC converters market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Explore Further Details about This Research Automotive DC-DC Converters Market Report https://www.databridgemarketresearch.com/reports/global-automotive-dc-dc-converters-market

Market Definition

Automotive DC-DC converter comprises inductors, microcontroller units (MCUs), and magnetic core components that are encompassed in a block design for integration into vehicles. The DC-DC converter is attached to an automobile's ignition system to effectively control the engine's restart and shutdown in order to cut emissions. A DC-DC converter runs within a set voltage range to power a myriad of onboard electronic equipment, since the integrated infotainment system aboard an automobile requires a steady supply of electricity of roughly 12V delivered by the powertrain.

DC-DC converters mainly play an important role in isolation and voltage conversion. The proliferation of advanced driver-assistance systems (ADAS) and in-cabin infotainment has turned vehicles into complex electronic systems on wheels that require multi-level, and noise-free DC-DC converters are fueling the growth of the market to an extent.

Automotive DC-DC Converters Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:

Increase in Sales of Electric Vehicle Globally

The automotive industry is showing an enormous growth over the years owing to rising demand for luxurious electric vehicles. Some of the factors driving the sales of the electric vehicles include stringent government regulations toward vehicles emissions, increasing demand for high performance and low emission. It is reported by IEA (International Energy Agency) that consumers had spent USD 120 billion on electric car purchases in 2020, a 50% increase from 2019, which breaks down to a 41% increase in sales of electric cars. This resulted in increased demand for DC-DC converters in EVs.

Rise in Popularity of Mobility as a Service (MaaS) Model

The concept of Mobility as a Service (MaaS) has been gaining popularity within the electric automotive sector. Increasing number of manufacturers, Service providers, companies, policy makers and the public were focusing their attention on electric mobility for convenience.

Mobility-as-a-service describes a shift away towards mobility provided as a service from personally-owned modes of transportation due to various factors like increasing pollution levels, rapid urbanization, maintenance cost of vehicles and unavailability and restrictions of parking space in big cities around the world.

R&D Efforts to Integrate DC-DC Converters Into Commercial Vehicles

The global adoption of stringent emission norms for electric vehicles is motivating the automotive OEMs (Original equipment manufacturers) to integrate advanced technologies in their vehicle offerings to enhance their fuel efficiency. This has resulted in the development of electric drivetrain for medium and heavy commercial vehicles (M&HCVs). The electric drivetrain needs the integration of a DC-DC converter to ensure higher efficiency and better vehicle performance. Furthermore, the increase in sales of commercial vehicles has driven component manufacturers to upgrade their product offerings.

Higher Cost of Electronic Component in Electric Vehicle

The electric vehicles are best suitable for transportation and also for the environment as it would help to control the pressure over the air pollution. But the initial cost of electric vehicles are higher as compared to that of gasoline powered engine vehicles because it includes technologically upgraded components which has no harm to the environment, however the operational costs of the electric vehicles are cheaper than the gasoline powered engine vehicles.

Get a Sample PDF of Automotive DC-DC Converters Market Research @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-dc-dc-converters-market

What insights readers can gather from the Automotive DC-DC Converters Market report?

Learn the behavior pattern of every Global Automotive DC-DC Converters Market -product launches, expansions, collaborations and acquisitions in the market currently.
Examine and study the progress outlook of the global Automotive DC-DC Converters Market landscape, which includes, revenue, production & consumption and historical & forecast.
Understand important drivers, restraints, opportunities and trends (DROT Analysis).
Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

Why choose Data Bridge Market Research?

Modern technologies, such as artificial intelligence, to provide updated industry growth.
DBMR team provides clients with the top notch Automotive DC-DC Converters Market research report.
Interaction with research scientists and development heads to understand the nature of the Automotive DC-DC Converters Market more precisely.
24/7 availability of services.
Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.

DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Automotive DC-DC Converters Market size

Browse Related Reports:

Savory Snacks Market Size And Share Analysis Report,

UHT Processing Market by Size, Share, Forecast, & Trends

Genomics Market Size Report- Industry Growth Analysis

Digital Pills Market Size, Industry Share Forecast

Drug Discovery Informatics Market Size, Share, Growth | Opportunities,

Artificial Intelligence in Marketing Market Size, Share Analysis Report

Web Application Firewall Market Size, Share, Growth Analysis

Digital Printing Packaging Market Size, Share, Growth

Pallets Packaging Market Demand,Size ,Share, Industry

Artificial Intelligence in Healthcare Market Size, Analysis and Forecast

Tourette Syndrome Market Size, Share, Trends & Forecast