Automotive 48V System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
The automotive 48V system enabling different vehicle functions from boosting engine performance to powering functions. The primary purpose of the 48V system is to reduce CO2 emissions and to power electrical components such as lighting systems, electrical heaters, air-conditioning compressors, pumps, and steering drives. Furthermore, the deployment of 48-Volt technology, providing additional torque, enables more dynamic handling and performance. Such a factor is positively impacting the adoption of the 48V system, which significantly driving the growth of the automotive 48V system market.
MARKET DYNAMICS
The rising demand for increased comforts and safety, such as heated seats, power steering, and ADAS among consumers, have propelled electronic units adoption. Additionally, vehicle safety features such as reverse cameras, blind-spot monitoring, road condition sensors, and adaptive speed control for automatic emergency braking are becoming commonplace in upcoming vehicles. Such requirements have prompted the demand for a 48V system to fulfill the power demand in the vehicle. Thus, advanced comfort and safety features in the vehicle booming the automotive 48V system market. However, the high cost of the 48V system and the rise in the sale of battery electric vehicles is the major restrain for the automotive 48V system market growth. Moreover, the increase in demand for an electric and hybrid electric vehicle is triggering the demand for the automotive 48V battery system market in the coming years.
MARKET SCOPE
The "Global Automotive 48V System Market Analysis to 2031" is a specialized and in-depth study of the automotive 48V system industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive 48V system market with detailed market segmentation as architecture, vehicle class, and geography. The global automotive 48V system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive 48V system market players and offers key trends and opportunities in the automotive 48V system market.
MARKET SEGMENTATION
The global automotive 48V system market is segmented on the basis of architecture, vehicle class. On the basis of architecture the market is segmented as belt driven, crankshaft mounted, dual-clutch transmission-mounted, transmission output shaft. On the basis of vehicle class the market is segmented as entry, mid, premium, luxury.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive 48V system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive 48V system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting automotive 48V system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive 48V system market in these regions.
By Architecture
By Vehicle Class
MARKET PLAYERS
The reports cover key developments in the automotive 48V system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive 48V system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive 48V system in the global market. Below mentioned is the list of few companies engaged in the automotive 48V system market.
The report also includes the profiles of key automotive 48V system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The automotive 48V system enabling different vehicle functions from boosting engine performance to powering functions. The primary purpose of the 48V system is to reduce CO2 emissions and to power electrical components such as lighting systems, electrical heaters, air-conditioning compressors, pumps, and steering drives. Furthermore, the deployment of 48-Volt technology, providing additional torque, enables more dynamic handling and performance. Such a factor is positively impacting the adoption of the 48V system, which significantly driving the growth of the automotive 48V system market.
MARKET DYNAMICS
The rising demand for increased comforts and safety, such as heated seats, power steering, and ADAS among consumers, have propelled electronic units adoption. Additionally, vehicle safety features such as reverse cameras, blind-spot monitoring, road condition sensors, and adaptive speed control for automatic emergency braking are becoming commonplace in upcoming vehicles. Such requirements have prompted the demand for a 48V system to fulfill the power demand in the vehicle. Thus, advanced comfort and safety features in the vehicle booming the automotive 48V system market. However, the high cost of the 48V system and the rise in the sale of battery electric vehicles is the major restrain for the automotive 48V system market growth. Moreover, the increase in demand for an electric and hybrid electric vehicle is triggering the demand for the automotive 48V battery system market in the coming years.
MARKET SCOPE
The "Global Automotive 48V System Market Analysis to 2031" is a specialized and in-depth study of the automotive 48V system industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive 48V system market with detailed market segmentation as architecture, vehicle class, and geography. The global automotive 48V system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive 48V system market players and offers key trends and opportunities in the automotive 48V system market.
MARKET SEGMENTATION
The global automotive 48V system market is segmented on the basis of architecture, vehicle class. On the basis of architecture the market is segmented as belt driven, crankshaft mounted, dual-clutch transmission-mounted, transmission output shaft. On the basis of vehicle class the market is segmented as entry, mid, premium, luxury.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive 48V system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive 48V system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting automotive 48V system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive 48V system market in these regions.
Automotive 48V System Market Report Analysis
Automotive 48V System Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- BorgWarner Inc
- Continental AG
- Delphi Technologies
- GKN Plc
- Hitachi Automotive Systems Ltd
- Lear Corporation
- Magna International Inc
- MAHLE GmbH
- Robert Bosch GmbH
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Architecture
- Belt Driven
- Crankshaft Mounted
- Dual-Clutch Transmission-Mounted
- Transmission Output Shaft
By Vehicle Class
- Entry
- Mid
- Premium
- Luxury
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the automotive 48V system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive 48V system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive 48V system in the global market. Below mentioned is the list of few companies engaged in the automotive 48V system market.
The report also includes the profiles of key automotive 48V system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BorgWarner Inc.
- Continental AG
- Delphi Technologies
- GKN Plc
- Hitachi Automotive Systems, Ltd.
- Lear Corporation
- Magna International Inc.
- MAHLE GmbH
- Robert Bosch GmbH
- Valeo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Automotive 48V System Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Architecture
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. BorgWarner Inc.
2. Continental AG
3. Delphi Technologies
4. GKN Plc
5. Hitachi Automotive Systems, Ltd.
6. Lear Corporation
7. Magna International Inc.
8. MAHLE GmbH
9. Robert Bosch GmbH
10. Valeo
1. BorgWarner Inc.
2. Continental AG
3. Delphi Technologies
4. GKN Plc
5. Hitachi Automotive Systems, Ltd.
6. Lear Corporation
7. Magna International Inc.
8. MAHLE GmbH
9. Robert Bosch GmbH
10. Valeo
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