The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global automotive DC-DC converter market has undergone a remarkable expansion, leaping from $0.45 billion in 2022 to $0.63 billion in 2023, with an astonishing compound annual growth rate (CAGR) of 40.4%. The journey doesn’t stop here, as projections hint at a continued upward trajectory, anticipating the market size to soar to $2.28 billion in 2027, maintaining a robust CAGR of 37.6%.

Electric Pulse: Electrifying Growth Through EV Adoption

• The surge in the adoption of electric vehicles (EVs) stands as a pivotal driver for the automotive DC-DC converter market.
• Electric vehicles operate on high-voltage batteries, but many internal components, such as air-conditioning and displays, require different voltages.
• The automotive DC-DC converter bridges this gap by transforming high voltage to low or vice versa, ensuring compatibility between various vehicle components.
• The Global EV Outlook 2022 report revealed that EV sales doubled in 2021, reaching a record 6.6 million, showcasing a growing trend toward sustainable transportation.
• As the electric vehicle revolution accelerates, the demand for automotive DC-DC converters skyrockets, propelling the market’s robust growth.

Key Players Steering the Wheel: Dominant Forces in the Market

• Major players exert significant influence in shaping the automotive DC-DC converter market, including Continental AG, BorgWarner Inc., and Denso Corporation.
• These industry giants play a crucial role in driving innovations, setting industry standards, and meeting the escalating demands of the evolving automotive landscape.
• Their collective efforts contribute to the technological advancements and market expansion witnessed in the automotive DC-DC converter domain.

Efficiency Unleashed: Synchronous Buck DC-DC Converters

• A noteworthy trend in the automotive DC-DC converter landscape is the increasing production of synchronous buck DC-DC converters.
• Synchronous buck DC-DC converters produce a regulated voltage lower than their input voltage, delivering high currents while minimizing power loss.
• ROHM, for instance, has introduced a series of automotive synchronous buck DC-DC converters known for their reliability and low power consumption, particularly in compact form factors.
• These converters find application in critical components such as radars, cameras, and sensors integral to assisted driving systems.
• The advent of synchronous buck DC-DC converters signifies a leap forward in efficiency, aligning with the demand for enhanced performance and reliability.

Market Blueprint: Unveiling the Segmentation Landscape

• By Propulsion Type:
  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Plug-in Hybrid Vehicle (PHEV)
• By Product Type:
  • Isolated
  • Non-Isolated
• By Input Voltage:
  • < 40V
  • 40-70V
  • 70V
• By Output Power:
  • <1kW
  • 1-10kW
  • 10-20kW
  • 20kW
• By Application:
  • Passenger Vehicle
  • Commercial Vehicle

Regional Dynamo: Asia-Pacific Leads the Charge

• In 2022, Asia-Pacific emerged as the powerhouse in the automotive DC-DC converter market, claiming the title of the largest region.
• The region’s dominance is attributed to factors such as rapid industrialization, increasing demand for electric vehicles, and a burgeoning automotive landscape.
• Asia-Pacific’s strategic position cements its role as a key player in steering the automotive DC-DC converter market.

View More On The Automotive DC-DC Converters Market Report 2023 – https://www.thebusinessresearchcompany.com/report/automotive-dc-dc-converters-global-market-report

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The Automotive DC-DC Converters Global Market Report 2023  provides comprehensive insights on the automotive DC-DC converters market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the automotive DC-DC converters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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