Lucintel anticipates that North America will be the fastest growing region in the automotive power electronics market

   September 25, 2019
According to a market report by Lucintel, the future of the automotive power electronics market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive power electronics market is expected to grow with a CAGR of 4% from 2019 to 2024. The major drivers for this market are increasing demand for energy-efficient battery-powered devices, adoption of electronics in powertrain systems, growing demand for advanced safety, convenience, and comfort systems, and increasing demand for connected cars and electric vehicles. 

To download report brochure, please go to and click "report brochure" tab

Within the automotive power electronics market, passenger car, light commercial vehicle, and electric vehicles are the major end use industries. Electric vehicle is the largest end use segment for the automotive power electronics market.

North America will remain the largest region over the forecast period due to high electric vehicle production with increased demand for high-end electronic and safety features in passenger cars.

Analog Devices, Continental, Dialog Semiconductor, Diodes Incorporated, Fuji Electric, Infineon Technologies, Kongsberg Automotive, Maxim Integrated, Microchip Technology, Microsemi Corporation, Mitsubishi Electric, NXP Semiconductors, on Semiconductor, Qualcomm Technologies, Renesas Electronics, Robert Bosch, Rohm Semiconductor, Stmicroelectronics, Taiwan Semiconductor, Texas Instruments, and Toshiba Corporation are among the major manufacturers of automotive power electronics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive power electronics market by application, by component, by end use, by electric vehicle type, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Power Electronics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive power electronics market by application, by component, by end use, by electric vehicle type, and by region as follows:

By Application [$M shipment analysis for 2013 – 2024]  

  • Body Electronics

  • Powertrain and Chassis

  • Safety & Security Systems

  • Infotainment & Telematics

By Component [$M shipment analysis for 2013 – 2024]

  • Microcontroller units (MCUs)

  • Power ICs

  • Sensors

  • Others

By End Use [$M shipment analysis for 2013 – 2024]

  • Passenger Car

    • Small cars

    • Compact cars

    • Mid-Sized cars

    • Luxury cars

    • SUVs & Crossovers            

  • Light Commercial Vehicle

By Electric Vehicle Type [$M shipment analysis for 2013 – 2024]

  • Battery Electric Vehicle

  • Hybrid Electric Vehicle

  • Plug-in-Hybrid Electric Vehicle

By Region [$M shipment analysis for 2013 – 2024]

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • United Kingdom

    • Italy

  • Asia Pacific

    • Japan

    • India

    • South Korea

    • Indonesia

    • Turkey

    • China

  • The Rest of the World

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [51]
Chemical [231]
Composites & Advanced Materials [161]
Construction & Industrial [69]
Consumer and Retail [122]
Economic Analysis [78]
Energy & Utility [73]
Finance & Services [10]
Healthcare [57]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [119]
Transportation [119]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on