Market demand and EV adoption are changing the supply chain, fully driven by increasing vehicle efficiency.
The market research and strategy consulting company Yole Développement (Yole) has developed comprehensive and accurate power electronics expertise for more than ten years, with specific investigations fully dedicated to automotive applications. All year long, Yole’s analysts deliver significant analyses, including technology and market reports and teardowns… More information.
Why is vehicle electrification so critical? Why has it developed so rapidly in the last years? What is the market situation? How will it evolve? What are the key technologies to follow and business opportunities to keep in mind?… Today, Yole’s power electronics team releases the report Power Electronics for Automotive – Focus on Passenger and Light Commercial Vehicles to answer these questions. This technology and market study analyzes the challenges and opportunities of the automotive power electronics industry in detail. Yole provides an overview of the technologies, highlights the technical disruptions, and presents detailed market data. The company also delivers a valuable understanding of the value chain, infrastructure, and competitive landscape with an in-depth analysis of the OEMs’ strategies.
Yu Yang, Ph.D., Senior Technology & Market Analyst, Power Electronics at Yole, asserts: “xEV penetration has been booming for a few years. At Yole, we expect a 21% CAGR between 2021 and 2027 for the global xEV market, accelerating across all market segments. Along with fast-growing BEV adoption, hybrid technologies will also grow substantially. Indeed, the different technologies’ penetration depends on the region.”