Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.23 Billion | USD 8.28 Billion | 12.50% | 2024 |
FrequentlyAsked Questions
The automotive DC-DC converter is a vital component in newer vehicles, especially hybrid and electric models, as it steps down high-voltage DC from the main battery pack to lower voltages required for various onboard systems, including control units, infotainment, and lighting. They enhance energy efficacy, enable integration of advanced electronics, and support electrification.
The global automotive DC-DC converter market is projected to grow due to the increasing adoption of EVs and hybrid vehicles, growing fuel efficiency and emission reduction requirements, and the growth of charging infrastructure for electric cars.
According to study, the global automotive DC-DC converter market size was worth around USD 3.23 billion in 2024 and is predicted to grow to around USD 8.28 billion by 2034.
The CAGR value of the automotive DC-DC converter market is expected to be approximately 12.50% from 2025 to 2034.
Applications such as autonomous driving systems, electric vehicles, 48V mild hybrids, advanced infotainment/ADAS, and vehicle-to-grid (V2G) integration will offer significant growth opportunities in the automotive DC-DC converter market.
Significant opportunities exist in strategic partnerships for SiC/GaN semiconductor development, investments in high-voltage DC-DC converter research and development, and charging infrastructure integration, as well as joint ventures for EV power electronics manufacturing.
Asia Pacific is expected to lead the global automotive DC-DC converter market during the forecast period.
China is a major contributor to the global automotive DC-DC converter market due to its strong battery supply chain, dominant EV production, and rapid charging infrastructure growth.
The key players profiled in the global automotive DC-DC converter market include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Technologies, Hitachi Automotive Systems Ltd., Texas Instruments Incorporated, Vicor Corporation, Renesas Electronics Corporation, STMicroelectronics N.V., Infineon Technologies AG, Mitsubishi Electric Corporation, TDK Corporation, ON Semiconductor Corporation, Panasonic Corporation, and Valeo SA.
The report examines key aspects of the automotive DC-DC converter market, including a detailed analysis of existing growth factors and restraints, as well as an examination of future growth opportunities and challenges that will impact the market.
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