To achieve the emission targets, OEMs are implementing more electronic units, lightweight designs, and electrification of powertrains in their vehicle models. Moreover, the demand for increased safety and comforts such asÊheated seats, power steering, andÊadvanced driver assistance systemsÊamong consumers have propelled the adoption of electronic units, which will subsequently put a high load on the vehicleÕs battery system. Such requirements have prompted the OEMS to develop a dual voltage architecture, which includes 48V supply and can be used to satisfy the power demand for components in the vehicle. Since the safety voltage level for vehicles is 60V, it has further contributed to the growing preference for the 48V system so that the system does not exceed the safety voltage level.
Scope of the Report:This report focuses on the Automotive 48V System in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Geographically, Technavio expects Europe to lead the global automotive 48V system market by 2021. The regulations of emission to achieve 2020 targets and reduction in 48V vehicle cost during the forecast period will fuel the adoption of automotive 48V systems in Europe. Being the economic strength of the region, theÊautomotiveÊindustryÊis witnessing several research and developments into 48V system vehicles.
A few large vendors occupy the global automotive 48V system market. These players are large automotive component suppliers with diverse product portfolio within the automotive industry. With the 48V system being a relatively new concept, the vendors investing into this product line require strong cash inflow to carry out product development.
The worldwide market for Automotive 48V System is expected to grow at a CAGR of roughly 90.0% over the next five years, will reach 249700 million US$ in 2023, from 10100 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers Bosch
Continental
Delphi Automotive
Valeo
Abbott Vascular
Abiomed
AtriCure
Biosensors International
Biotronik
BioVentrix
C. R. Bard
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Mild-hybrid Vehicles
Low-power BEVs
Market Segment by Applications, can be divided into Entry-level vehicles
Mid-premium vehicles
Luxury vehicles
There are 15 Chapters to deeply display the global Automotive 48V System market.
Chapter 1, to describe Automotive 48V System Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Automotive 48V System, with sales, revenue, and price of Automotive 48V System, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Automotive 48V System, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Automotive 48V System market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025;
Chapter 13, 14 and 15, to describe Automotive 48V System sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.