Portland, OR -- (SBWIRE) -- 10/04/2017 -- Automotive power electronics are used to control engines of automobiles originated in the automotive electronics for proper controlling and conversion. It offers a wide range of application such as central locking, anti-braking system, power steering, braking system, and seat control. Further, its application is extended to various fields such as aerospace, automotive, commercial, industrial, telecommunication, transportation, and utility systems.
Increase in demand for energy-efficient battery-powered devices is expected to boost the automotive power electronics market. Further, rise in modernization of vehicles to impact the power electronics market accelerates the growth of the market. However, slow adoption rate of advanced technologies in developing countries is expected to hamper the growth of the market during the forecast period. Moreover, the rise in demand for connected car devices and electric vehicles is anticipated to fuel the market in upcoming years.
The automotive power electronics market is segmented on the basis of application, component, vehicle type, electric vehicle type, and geography. By application, the market is divided into powertrain & chassis, body electronics, safety & security, and infotainment & telematics. By component, the market is classified into micro controller unit, power integrated unit and sensor. By vehicle type, the market is bifurcated into passenger cars and commercial vehicles. By electric vehicle type, the market is categorized into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle.
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Automotive Power Electronics Market Key Segments:
-Powertrain & Chassis
-Safety & Security
-Infotainment and Telematics
-Microcontroller Unit (MCU)
-Power Integrated Circuit
By Vehicle Type
By Electric Vehicle Type
-Battery Electric Vehicle
-Plug-in Hybrid Electric Vehicle
-Hybrid Electric Vehicle
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Automotive Power Electronics Market Key Players:
-Robert Bosch GmbH
-Texas Instruments Inc.
-Fuji Electric Co.