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EV Powertrain Market Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2033 The size of the worldwide EV powertrain market which is estimated at US$ 10,470.6 million in 2022, is anticipated to register a CAGR of 24% from 2023 to 2033. By following this impressive growth rate the total valuation is anticipated to reach US$ 112,036 million by the end of 2033. Since conventional fuel cars are anticipated to become less common in the next years, EVs are the way of the future automobile industry. In addition, the adoption of e-mobility and resistance to transportation powered by internal combustion engines are growing and promoting the EV powertrain market opportunities. Moreover, the introduction of EV portfolios and anticipated investments in the EV industry are likely to speed up the changeover. The EV powertrain is a critical component of electric vehicles, which consists of several subsystems that work together to convert electrical energy from the battery into mechanical energy that powers the wheels. EV powertrains are designed to optimize efficiency, range, and performance while minimizing emissions and environmental impact. They are typically more efficient than gasoline-powered engines and produce no tailpipe emissions, making them an eco-friendly alternative to traditional vehicles. The two main components of the EV powertrain are the electric motor and the controller. The electric motor converts electrical energy into mechanical energy and powers the vehicle's wheels. On the other hand, the controller manages the electric motor's speed and torque, ensuring efficient power delivery from the battery to... (More)
The automotive electronics market was estimated to be worth US$ 300.3 billion in 2022, and it is anticipated to develop at a CAGR of 7.30% from 2022 to 2032, reaching US$ 607.5 billion by 2032. The advancement of sensor technology and signal processing algorithms are fueled by the increasingly strict safety regulations, which are a significant factor in the growth of automotive electronics. Electrically operated systems installed in vehicles are referred to as automotive electronics. Automotive electronic systems are frequently used in the airbag, advanced driver assistance, infotainment, electronic fuel injection, and other applications to boost the combined system's overall effectiveness. As the market for electric and hybrid vehicles expands, these systems are likely to become a significant area of focus for electronic system providers. Request a Sample of this Report: Technological developments in the automotive sector, such as electrical active suspensions and power trains for electric vehicles, will expand the applications for power electronic systems, which are expected to support the automotive electronics market growth. On the other hand, it is expected that the low adoption of automotive electronics in newly industrialised nations and the rise in the overall cost of the finished product as a result of the integration of automotive electronics will significantly restrain the automotive electronics market growth in the near future. Key Takeaways: The largest automotive electronics market share is in Europe. From 2022 to 2032, the region is anticipated to grow at a rate of over 27.0%. Automotive Electronics are anticipated to experience... (More)
According to Future Market Insights' most recent market estimate, the automotive DC-DC converter market growth is worth US$ 782.4 million in 2023, growing at a CAGR of 30.1% From 2023 to 2033 The automotive DC-DC converter market is anticipated to soar to new heights as a result of rising fuel prices and the growing trend toward electric automobiles. These vehicles are popular on the market since they help cut down on vehicle emissions. The demand for high-performance, low-emission vehicles is rising, and government regulations on vehicle emissions are becoming more stringent. These factors are some of the factors driving the sales of automotive DC-DC converter. Automotive DC-DC converter manufacturers have been forced to expand their selection of products as a result of the increase in sales of commercial vehicles. For instance, Ford created a pickup truck that is all electric and is predicted to have a 300-mile operating range. Request a Sample of this Report : Ford had initially planned to develop a hybrid powertrain, but the company has now changed its mind and now prefers a fully electric truck. The F-150 electrified went on sale in 2022. The expansion of the automotive DC-DC converter market is attributed to the growing electrification of the automotive industry across all geographies and countries. Sales of electric vehicles surged significantly during the pandemic, despite the fact that the automobile industry faced major difficulties during that time. Due to the technologically superior, environmentally friendly components that are included in electric vehicles, their initial... (More)
The Automotive AC Compressor Market is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Million in 2022, and is estimated to reach US$ 13,696.2 Million by 2032. The rise in car ownership is anticipated to be fueled by rising purchasing power and rising economic values in emerging markets, which will drive the market share for automotive AC compressors. However, it is projected that high startup and installation costs, in addition to maintenance issues, will restrict the sales of vehicle AC compressors. On the other hand, the size of the automotive AC compressor market is anticipated to increase due to technical developments and the launch of new products. The increasing use of air conditioning in passenger vehicles in developing countries are likely to drive demand for automotive AC compressors during the forecast period. Furthermore, as environmental regulations tighten, vehicle makers are constantly discovering new ways to increase the fuel efficiency of compressors. Request a Sample of this Report: The expanding relevance of cars, such as electric and hybrid electric vehicles, is also speeding the number of new electric vehicle models in Europe, North America, Japan, and China, hence increasing sales of AC compressors. In recent years, global warming has increased atmospheric temperature, boosting consumer demand for air conditioning in automobiles to create a more comfortable vehicle interior climate. Furthermore, increased attempts by vehicle makers to incorporate sophisticated controls in autos, as well as... (More)