• 出版社/出版日：Mordor Intelligence / 2022年1月
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・競争状況（Toyota Industries Corporation、TDK Corporation、Continental AG、...）
The global automotive DC-DC converter market is valued at USD 9 Billion in 2020 and is expected to reach USD 17 Billion by 2026 registering a CAGR of over 10% during the forecast period 2021-2026.
The outbreak of COVID-19 caused several vehicles and component manufacturing facilities to shut down temporarily. This is hindering the growth of the automotive industry. However, with the gradual removal of lockdowns in several countries, the demand for vehicles has slightly increased which is expected to propel the market growth during the forecast period.
The growth of the market is fueled by the demand for electronic systems, such as infotainment and enhanced safety through the integration of ADAS in modern automobiles. The increasing adoption of electric vehicles, both battery-powered and hybrid, has enhanced the demand for DC-DC converters, as a DC-DC converter is vital for converting a 24V or 48V power supply into a 12V power supply to ensure safe and reliable operation of onboard electronic systems. The growth of the market may be limited by factors, such as fluctuations in global automotive production, resulting in an oversupply condition that could hamper the financial position of the market players.
- Market players are trying to integrate the DC converter and inverter units as a single unit.
- The market is highly R&D-intensive and focused on the integration of DC-DC converters in larger vehicles. This has encouraged manufacturers of DC-DC converters to launch new product offerings to facilitate integration into commercial vehicles.
- Asia-Pacific is anticipated to dominate the market, owing to the higher automotive production rate and annual sales in the region, particularly China.
Key Market Trends
R&D Efforts to Integrate DC-DC Converters into Commercial Vehicles
The global adoption of stringent emission norms is driving the automotive OEMs 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 mandates the integration of a DC-DC converter to ensure higher efficiency.
The increase in sales of commercial vehicles has driven component manufacturers to upgrade their product offerings. On this note, recently, Prodrive launched a 48V to 12V DC-DC converter that is compliant to the ISO/DIS 21780 standard for 48V automotive systems. The converter can be configured to suit automotive networks, including CAN and FlexRay, and is available in multiple power options, ranging from 400W to 2.2kW. Similarly, in October 2016, Ricoh Europe (Netherlands) BV introduced the R1273L synchronous buck DC/DC converter, that can function efficiently over a wide input voltage range up to 34V to deliver a maximum output of 14A.
Increasing Sales of Electric Vehicles in Asia-Pacific
In 2020, the sales of electric vehicles in China reached 1.3 million units. Also, the Government of China had lifted taxes or has given a considerable amount of tax exemption on the purchase of EVs. These initiatives by the government have attracted a lot of customers to purchase EVs in this country. For instance,
- In April 2020, the China government introduced a 10% service tax waiver for electric vehicles to boost the demand in the market.
Some non-automotive companies, like Alibaba, are also entering the rapidly growing EV market in the country. For instance,
- In January 2021, Alibaba Group introduced two electric models in the country, under the IM label (Intelligence in Motion), in partnership with SAIC Motor. Battery cells for these vehicles are supplied by CATL
Of the two models launched, one is an electric sedan, and the other is an electric SUV. The sedan is expected to be launched first, with the presale starting at the Auto China 2021 in April, and the SUV may hit the market in 2022. The company has informed that the vehicles may be offered with a 93 kWh battery, while a 115 kWh battery will be available as an option. Hence, the sedan may provide a range of up to 874 km in the NEDC cycle.
In December 2020, Hyundai Motor Group announced its plans to introduce an only-electric platform in 2021, using its own battery technology to cut production time and cost. In September 2020, Tesla Inc. announced that it was working on reducing the cost of its EV batteries and increasing production. It aims to reduce the price of its car to USD 25,000.
With most of the electric vehicles and components being manufactured locally and with the government’s key national strategies and plans, it is expected that the country’s market will have a high growth rate during the forecast period.
The market is highly fragmented and marked by the presence of several key players. The market is highly competitive with the active vendors competing for an enhanced market share based on product innovation. The vendors with sales directed prominently to mature markets are required to effectively innovate their product offerings to ensure low environmental impact and well-designed digital features. Besides, the business operation models and product concepts of these vendors must also align with the specific requirements of emerging economies to encourage sustainability in high-growth, low-cost markets.
In 2020, Denso Corporation accounted for the largest share of the total market and was closely followed by Continental AG and Toyota Industries Corporation. Other prominent vendors in the market include Hella GmbH & Co. KGaA and Robert Bosch GmbH.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Commercial Vehicle
5.1.2 Passenger Vehicle
5.2.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.2.4 Rest of the World
188.8.131.52 South America
184.108.40.206 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Toyota Industries Corporation
6.2.2 TDK Corporation
6.2.3 Continental AG
6.2.4 Robert Bosch GmbH
6.2.5 Denso Corporation
6.2.6 Panasonic Corporation
6.2.7 Infineon Technologies AG
6.2.8 Hella GmbH & Co. KGaA
6.2.10 Alps Alpine Co. Ltd
6.2.11 Marelli Corporation
6.2.12 Valeo Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS