Automotive DC-DC Converter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive DC-DC Converter Market is segmented by Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Geography.

Market Snapshot

Automotive DC-DC Converter Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >10 %
Automotive DC-DC Converter Market Key Players

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Market Overview

The global automotive DC-DC converter market is expected to register a CAGR of over 10% during the forecast period, 2020-2025.

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.

Scope of the Report

A 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 connected to the ignition system of an automobile to effectively control the startup and shutdown of the engine to reduce emissions. Since the integrated infotainment system that is onboard an automobile requires a constant supply of electricity of around 12V, sourced from the powertrain, a DC-DC converter operates within a specified range of voltage to power a plethora of onboard electronic devices. The scope of the study includes: 

Vehicle Type
Commercial Vehicle
Passenger Vehicle
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa

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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.

 

Automotive DC-DC Converter Market Key Trends

Increasing Sales of Electric Vehicles in Asia-Pacific

  • During 2018, the sales of electric vehicles in China grew by 61.7% to reach 1.256 million units. The regional market would be further driven by the favorable government initiatives that bolster the adoption of electric vehicles; for instance, the [email protected] program, launched in June 2017, aims for electric vehicles to achieve a 30% share of the total vehicle sales by 2030. The achievement of such an ambitious target is also aimed to benchmark the adoption of electric vehicles by each Electric Vehicles Initiative (EVI) member country.
  • The favorable initiatives have encouraged automobile OEMs to launch new electric car models. These models are showcased at auto shows to enhance consumer exposure and boost their R&D prospects through funding from potential investors. For instance, in April 2018, Singulato Motors, the new energy vehicle (NEV) brand of Chi Che-hung Technology Co. Ltd, announced receiving USD 473 million through a new round of funding. Such developments are anticipated to drive the regional automotive DC-DC converter market during the forecast period.
Automotive DC-DC Converter Market Growth by Region

Competitive Landscape

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 2019, 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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Commercial Vehicle

      2. 5.1.2 Passenger Vehicle

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Toyota Industries Corporation

      2. 6.2.2 TDK Corporation

      3. 6.2.3 Continental AG

      4. 6.2.4 Robert Bosch GmbH

      5. 6.2.5 Denso Corporation

      6. 6.2.6 Panasonic Corporation

      7. 6.2.7 Infineon Technologies AG

      8. 6.2.8 Hella GmbH & Co. KGaA

      9. 6.2.9 Aptiv

      10. 6.2.10 Alps Alpine Co. Ltd

      11. 6.2.11 Marelli Corporation

      12. 6.2.12 Valeo Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Dc Dc Converter Market market is studied from 2018 - 2026.

The Automotive Dc Dc Converter Market is growing at a CAGR of >10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Denso Corporation, Toyota Industries Corporation, Robert Bosch GmbH, Continental AG, Hella GmbH & Co. KGaA are the major companies operating in Automotive Dc Dc Converter Market.

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