The global DC-DC converter market accounted for a value of USD 8.1 billion in 2019. and is projected to register growth at a CAGR of 12.9% during forecast period.
COOVID-19 has impacted DC-DC converter market as the manufacturing facilities have to shut or halt production of equipment due to lockdown. The supply chain of raw materials and finished products is disrupted due to travel restriction. The demand for DC-DC converter is declined from end-users due to this pandemic. The DC-DC converter market is likely to see growth post COVID-19.
For more details, visit: Global DC-DC Converter Market By Output Voltage (3.3V, 5V, Others), By Form Type (Full Brick, Half Brick, Others), By Output Power (<20W, 20-40W, Others), By Output Number, By End-Users, By Region, Forecast & Opportunities to 2026
The demand for electronic devices is increasing across the world. The automobile vertical is using DC-DC converter at large scale due to increasing popularity of electric vehicles. The battery and hybrid vehicles use DC-DC converter. This drives growth in DC-DC converter market during forecast period.
On the basis of output voltage, the DC-DC converter market is segmented into 3.3V, 5V, 12V, 15V, 24V and others. The 5V output voltage segment is estimated to dominate the market during forecast period. The demand for electric vehicles, medical equipments, consumer electronics and aircraft electrification is increasing in the world and all these powered with 48V or less and required to step down to a lower intermediate bus voltage particularly of 5V or lower. This drives growth in 5V output voltage during forecast period.
On the basis of form factor, the DC-DC converter market is segmented into sixteen brick, full brick, half brick, eighth brick and quarter brick. The sixteen brick segment is estimated to register growth at highest CAGR during forecast period. The brick’s power density and sizes are improving rapidly. The demand for sixteen brick DC-DC converter is increasing around the world. It is widely adopted in automation power, process control and IT & communication applications. These verticals are shifting to fully regulated intermediate bus converter which require DC-DC converter and this drives growth in sixteen brick segment in DC-DC converter market during forecast period.
On the basis of end-users, the DC-DC converter market is segmented into automotive, telecommunication, server, storage & network, industrial robotics, aerospace & defense, medical, consumer and audio visual. The automotive segment is estimated to register growth at highest CAGR during forecast period. The popularity of eco-cars is increasing as it reduces the emission levels in the environment. DC-DC converter charger is widely used for charging these cars. The increasing development in DC-DC converter segment for automotive vertical is likely to drive growth in this segment during forecast period.
Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The demand for electronics application such as smart phones and laptops etc is increasing in this region due to large number of population. The telecom industry is growing immensely in various countries such as South Korea, Japan, China and Singapore of Asia-Pacific region and all these countries are upgrading to 5G infrastructure. This ultimately increase demand for 5G enabled devices which further increases growth of DC-DC converter. This drives growth in Asia-Pacific region in DC-DC converter market during forecast period.
The key market players in DC-DC converter market are TDK-Lambda Corporation, Murata Manufacturing, Delta Electronics, Infineon Technologies, Artesyn Embedded Technologies, Asea Brown Boveri ltd., Texas Instruments Incorporated, Flex Ltd., Vicor Corporation, FDK Corporation, Traco Electronics, Recom Power GmbH, Crane Aerospace & Electrocnics, Stmicroelectronics and BEL Fuse Inc.
- What are the expected industry trends over the next three to five years?
- Which of the DC-DC converter form type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?