Automotive 48V System Market Analysis

  • Report ID: 6322
  • Published Date: Aug 16, 2024
  • Report Format: PDF, PPT

Automotive 48V System Market Analysis

Architecture (Crankshaft Mounted, Belt Driven, Transmission Output Shaft, Dual-Clutch Transmission-Mounted)

The belt driven segment in the automotive 48V system market is estimated to gain the largest revenue share of 41.5% by 2036 on account of the rising sales of mild hybrid vehicles led by rising environmental awareness and a shift in customer preferences toward more environmentally friendly modes of transportation. According to Deloitte Group's 2023 Global Automobile Consumer Survey, Japan has the highest preference for hybrid cars (48%), followed by Korea (40%), and India (32%). The United States has a preference for hybrid automobiles with 28%, while Germany and China both have 26%.

A mild hybrid setup includes a belt-driven alternator/starter, with start-stop technology, regenerative braking, and power assist features, which helps increase mild hybrid capabilities at a minimal cost. An MGU, or motor generator unit a key component in hybrid systems, may be part of a hybrid car's belt-driven generator starter system, which includes a second pulley and functions as both an electric motor and a generator to charge a battery while the car's engine is running. The internal combustion engine of the mild hybrid automobile models is started by belt drive via the motor generator unit or MGU that helps the vehicle's engine accelerate.

Vehicle Class (Premium, Mid, Entry, Luxury)

By the end of 2036, the mid vehicle class segment in the automotive 48V system market is predicted to register a significant revenue due to its widespread adoption of 48V systems.as fuel efficiency and emissions become more critical across all vehicle classes, mid-range vehicles equipped with 48V systems can meet regulatory requirements more effectively while maintaining competitive pricing.

48V is also capable of more than just modest hybridization in mid-sized cars as it can accommodate a large number of devices, including sophisticated driver aid systems and electric power steering. The power output of a 48 V system is far higher than that of a 12 V system which was mostly used to power starting batteries and electric parts such as infotainment, lighting, and safety systems in the past. In light of recent advancements, businesses are increasingly incorporating 48V technology into their new car systems, including Mercedes-Benz, and Fiat Chrysler Automobiles (FCA).

Our in-depth analysis of the automotive 48V system market includes the following segments:

          Vehicle Class

  • Premium
  • Mid
  • Entry
  • Luxury

          Architecture

  • Crankshaft Mounted
  • Belt Driven
  • Transmission Output Shaft
  • Dual-Clutch Transmission-Mounted
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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 6322
  • Published Date: Aug 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of automotive 48V system was over USD 7.1 billion.

The market size for automotive 48V system is projected to cross USD 73.7 billion by the end of 2036 expanding at a CAGR of 26.8% during the forecast period i.e., between 2024-2036.

The major players in the market are Dana Incorporated, BorgWarner Inc., CONTINENTAL AG, MAHLE Powertrain Ltd., Melrose Industries PLC, Delphi Technologies, Magna International Inc., Lear Corporation, and others.

In terms of architecture, the belt driven segment is anticipated to account for the largest market share of 41.5% during 2024-2036.

The Asia Pacific automotive 48V system market is poised to hold the highest share of 45.5% by 2036.
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