Automotive Power Electronics Market

Automotive Power Electronics Market: Merger and Acquisition by Continental AG and Qualcomm Inc. to Create Sales Opportunities, states Fortune Business Insights™

Automotive Power Electronics Market  | 2021 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The Global Automotive Power Electronics Market expected to rise at a notable CAGR and reach USD remarkable a valuation of by 2028.Automotive Power Electronics Market Size, Share & Industry Analysis, By Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Application (Chassis & Powertrain, Infotainment & Telematics, Body Electronics), By Component Type (Microcontroller Unit, Power Integrated Unit), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2021-2028

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MajorAutomotive Power Electronics Studied In Report:

  • Robert Bosch GmbH (Germany)
  • Danfoss Group (Denmark)
  • NXP Semiconductors (Netherlands)
  • Continental AG (Germany)
  • Qualcomm Inc. (U.S.)

Global Automotive Power Electronics Market Highlights:

The global automotive power electronics market is expected to foresee substantial growth owing to emergence of electric vehicles and technological advancement during the forecast period. Fortune Business Insights, publish this information in its latest report, titled “Automotive Power Electronics Market Size, Share & Industry Analysis, By Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Application (Chassis & Powertrain, Infotainment & Telematics, Body Electronics), By Component Type (Microcontroller Unit, Power Integrated Unit), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026.”

The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2020. However, proactive steps by the industry leaders to revive the automotive industry will bode well for the growth of the market in the near future.

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Regional Analysis:

Among the regions, Asia-Pacific is expected to remain dominant and gain major automotive power electronics market revenue during the forecast period. This is ascribable to factors such as increasing demand for installing advanced safety features in automotive. Europe, on the other hand, will witness substantial growth for the market. This is attributable to factors such as increasing demand for electric vehicles and strict government regulations regarding emission limits. The market in North America is anticipated to rise significantly during the projected horizon. Factors such as increasing adoption of advanced technology and rising demand for electric vehicles is expected to boost demand for the market in the forthcoming years.

The worldwide lockdown owing to novel coronavirus, COVID-19, has resulted in economic standstill. Every sector small, medium, or large has been affected by the lockdown, while affecting scores of people across the globe. However, certain measures are being taken to bring back the economy on track. For instance, in India, the Department for Promotion of Industry & Internal Trade (DPIIT) has advised the Ministry of Home Affairs to allow operational activities for large companies with proper sanitation and social distancing norms. These include several sectors such as automotive, electronics manufacturing, and textiles, among others albeit with a 25% workforce.

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