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
Get Sample Report On Global Automotive Power Electronics Market :
https://www.fortunebusinessinsights.com/automotive-power-electronics-market-102210
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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