Automotive Powertrain Electronics Segmentation
Vehicle Type (Commercial Vehicles, Passenger Cars)
The passenger cars segment in the automotive powertrain electronics market is estimated to gain a robust revenue share of 86% in the coming years owing to the growing production of passenger cars across the globe. As the per capita income of people across the globe is rising more people can afford passenger cars, which has increased its production. These cars require powertrain electronic systems to meet fuel efficiency, control emissions, and manage battery systems.
For instance, globally more than 55 million passenger cars were produced worldwide in 2021.
Component Type (Converter, Electric Motor, On-board Charger, Cell Module Controller, Inverter, Battery Management System)
The electric motor segment is set to garner a notable share shortly backed by growing demand for electric motors in EVs. All-electric vehicles, also known as battery electric vehicles (BEVs), have an electric motor since they only run on battery power. These motors require powertrain electronics to control and optimize the complete flow of energy in EVs and also manage the motor’s speed.
Our in-depth analysis of the global market includes the following segments:
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