The Latin America, Middle East and Africa Automotive DC-DC Converter Market would witness market growth of 30.2% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 363.9 thousand units, showcasing a growth of 32.4% (2023-2030).
Products nowadays are getting smaller while incorporating greater utility. It is typical for the miniaturization of one stage of a product to disclose limitations and obstacles in the whole design and manufacturing process. The automotive industry's rising demand for small electronic devices like DC-DC converters is anticipated to fuel market expansion. Miniaturization is one of the key elements of modern consumer goods. Product miniaturization has increased the demand for small DC-DC converters.
The requirement to regulate the power at the load point in each device has increased the number of control modules in automobiles, such as electronic control units (ECUs) and DC-DC converters. The main purposes of DC-DC converters are isolation and voltage conversion. Advanced driver assistance systems (ADAS) and multimedia features in cars have become prevalent, transforming automobiles into sophisticated electronic systems on wheels with demands for multi-level, noise-free DC-DC converters.
Infrastructure for charging rises in importance as more electric vehicles are put on the road. To fulfil the rising demand for electric vehicles and to play a substantial role in the market’s development, automakers are anticipated to incur sizable costs. This may indicate that there is an increase in the production of electric vehicles, which would benefit the demand for automotive DC-DC converter.
According to the International Council on Clean Transportation (ICCT), in 2020, new car sales in Latin American nations accounted for 7% of all global sales. The region has one of the fastest rates of motorization expansion worldwide. The Middle East and Africa market is also expected to benefit from expanding the 5th generation-based communications network and adopting Vision Documents in Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait in the upcoming years. Thus, the region presents lucrative growth prospects for the market.
The Brazil market dominated the LAMEA Automotive DC-DC Converter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $346.5 million by 2030. The Argentina market is estimated to witness a CAGR of 30.8% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 29.4% during (2023 - 2030).
Based on Type, the market is segmented into Isolated and Non-Isolated. Based on Vehicle Type, the market is segmented into BEV and PHEV. Based on Application, the market is segmented into Passenger Cars and Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive DC-DC Converter Market is Projected to reach USD 15.3 Billion by 2030, at a CAGR of 28.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Infineon Technologies AG, Eaton Corporation PLC, BorgWarner Inc., Vicor Corporation, Toyota Industries Corporation, Skyworks Solutions, Inc., Texas Instruments, Inc., Continental AG, and HELLA GmbH & Co. KGaA
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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