A recent report published by
Infinium Global Research on the automotive on-board power inverter market provides an in-depth analysis of segments and sub-segments in the global as well as
regional automotive on-board power inverter market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional automotive on-board power inverter market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global automotive on-board power inverter market.
According to the report, the global automotive on-board power inverter market
is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
Automotive on-board power
inverter is an electronic device that is used to convert battery’s DC power
supply into alternating current (AC) to operate electronic devices like
infotainment systems, mobile phone chargers, laptops, and other devices.
Automotive on-board AC-DC power inverters also allow power electrical equipment
away from normal main power for safety concerns. In 2019, ZF and Danfoss
Company collaborated with each other to develop novel power modules. The common
goal of the companies is to improve the efficiency of electric drivelines by
leveraging engineering and cost benefits at the interface between power modules
The increasing adoption of
electronic devices inside an automobile is the major driving factor for the
automotive on-board power inverter market. Moreover, the growing demand for
connected devices in the automobile is the factor propelling the automotive
on-board power inverter market. The higher growth rate of the global electric
vehicle market is the factor boosting the automotive on-board power inverter
market. Additionally, the rising prevalence of handheld devices among drivers
is the factor enhancing the automotive on-board power inverter market. One of
the prominent features of automotive on-board power inverters is that they can
constantly change their polarity and continuously supply the electric current
one way over the circuit. This factor helps to grow the automotive on-board
power inverter market. However, the high cost of integration remains one of the
major restraints to the automotive on-board power inverter market. Moreover,
reduced safety due to heavy currents flowing through terminals and wired
connections are the factors hampering the automotive on-board power inverter
market. An increase in the focus of OEMs toward efficient power management
offers favorable opportunities in the automotive on-board power inverter
Geographically, Asia Pacific is the
dominant region in the automotive on-board power inverter market. The
increasing number of rental cab services that uses GPS, telematics system and
increasing the production of passenger cars are the factors propelling the
automotive on-board power inverter market in the Asia Pacific. North America
holds the second-largest market share of the automotive on-board power inverter
market. Increasing the presence of the leading automotive car makers is the
factor boosting the automotive on-board power inverter market in North America.
Europe is expected to grow at a higher CAGR in the forecast period due to the
increasing installation of electrical gadgets in the vehicles.
The report on the global
automotive on-board power inverter market covers segments such as vehicle type,
and power range. On the basis of vehicle type, the sub-markets include
passenger vehicles and commercial vehicles. On the basis of power range, the
sub-markets include less than 150 w and over 150 w.
The report provides profiles of
the companies in the market such as Lear Corporation, BESTEK, Delta
Electronics, Inc., Calsonic Kansei Corporation, Sensata Technologies, Inc.,
Samlex America Inc., Stanley Black & Decker, Inc, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the automotive on-board power inverter market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.