Automotive Powertrain Electronics Market Size to Reach USD 83.47 Billion by 2026; Rising Demand for Electric Vehicles to Spur Growth

The global automotive powertrain electronics market size is projected to reach USD 83.47 billion by 2026. It is likely to gain momentum from the increasing adoption of electric vehicles (EV). This growth is mainly accelerated by the auto industry’s initiatives to satisfy consumer demand by reducing the cost of batteries. This information is published by Fortune Business Insights™ in a recent report, titled, “Automotive Powertrain Electronics Market Size, Share & Industry Analysis, By Component Type (Electric Motor, Inverter, DC/DC Converter, Battery Management System, Cell Module Controller, On Board Charger), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026.” The report further mentions that the market stood at USD 49.55 billion in 2018. However, it is set to exhibit a CAGR of 7.0% during the forecast period between 2019 to 2026.

Continental Unveils New Third-generation Power Electronics

In July 2019, Continental AG, a multinational automotive parts manufacturing company headquartered in Germany, declared that it developed the latest third-generation power electronics. These are specially developed for the usage in electric vehicles. EVs require the processing of high currents to ensure steady driving performance. The unique power module blends environmentally-friendly, efficient electric mobility to take the fun of driving to a whole new level. It can be used in a wide range of EVs. The system was mainly created to cater to the needs of electric SUV driver to bring about maximum dynamics and an ultimate sports performance. The controller software solution is capable of offering a particularly peaceful and calm travel experience if the driver does not want to use all the available performances.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/automotive-powertrain-electronics-market-102856

Rising Usage of Eco-friendly Transport Solutions to Aid Growth

The application of power electronic converters is upsurging worldwide for energy conversion, motion control, and similar other usage. It is mainly occurring because of the introduction to high frequency and high power switching devices. Apart from that, persistent advancements, such as reduction in the size and cost of systems and their components would contribute to the automotive powertrain electronics market growth in the coming years. The governments, as well as environmental agencies of various countries across the globe are promoting the usage of automotive powertrain electronics for curbing the emissions of carbon in the atmosphere. Therefore, the demand for eco-friendly transport solutions are rising at a fast pace. However, the efforts to adopt lower energy equipped product magnets and induction motors are leading to a decline in the performance rate. It may obstruct the market growth.

Key Companies Aim to Explore the Untapped Potentials in Developing Nations  

The organizations present in the market are striving to broaden their business strategies for developing automotive powertrain electronics. They are doing so by entering in the developing nations to explore the untapped potentials. Some of the other companies are also focusing on introducing innovative solutions and products featuring artificial intelligence.

Fortune Business Insights™ lists out all the companies operating in this market. They are as follows:

• Continental AG (Germany)


• Texas Instruments Inc. (U.S.)


• NXP Semiconductors (Netherlands)


• Robert Bosch GmbH (Germany)


• Renesas Electronics Corporation (Japan)


• Infineon Technologies AG (Germany)


• Mitsubishi Electric Corporation (Japan)


• Toshiba Corporation (Japan)

A Significant Industry Development-

• March 2018: Continental AG collaborated with Sichuan Chengfei Integration Technology Co., Ltd., a manufacturer and distributor of automotive body parts, automotive moulds, and lithium batteries based in China. The main aim of this partnership is to develop a joint venture production and development of 48-volt batteries. These are specially meant for the automotive industry.

Further Report Developments-

•  Asia Pacific procured USD 23.28 billion revenue in 2018 and would dominate the market owing to the increasing demand for state-of-the-art safety features in passenger cars.


• Europe is anticipated to hold the second position backed by the rising adoption of electrical vehicles.


• Based on component type, the inverter segment held 34.83% automotive powertrain electronics market share in 2018 stoked by the constant technological developments in batter and inverter technologies. These are taking place to improve the range of electric vehicles.

The market can be segregated in the following way: