Future-Industry

Automotive Power Electronics Market highlights The Global Automotive Power Electronics Market 2022 is slated to mature at a CAGR of 5.12% and reach USD 5.5 billion by the Forecast Period, Over the past few years, the global  Automotive Power Electronics Market  has experienced potential growth and the market has been analyzed to expand at the same rate during the forecast period. Increased demand for new technologies in cars, increasing environmental issues leading to an increased usage of electric vehicles, and increased protection of electronic control panels in vehicles are the reasons responsible for the growth of the automotive electronics industry. In electric vehicles, which need power electronics for system safety, advancements in technologies such as electronic stability control (ESC), advanced driver assistance systems (ADAS), and electronic control units (ECU) have emerged. The growth in the use of power electronics in cars has contributed to this development in technology.