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Market Insight :
Market Research Future (MRFR) projects the DC-DC Converter market is expected to reach USD 36368.41 Million by 2030 at 12% CAGR during the forecast period 2020-2030. We will provide COVID-19 impact analysis with the report, offering an in-depth review following the corona virus disease outbreak.
Key Drivers and Main Challenges :
The DC-DC converter market’s growth in recent years has been quite promising, thanks to the continuously expanding application scope across several industries like IT Telecommunication, consumer electronics, automotive, energy power, and more. Rising integration of advanced features in automobiles such as connectivity module, advanced driver-assistance system (ADAS) technology, LED lighting and V2X communication module, among others are working in the market’s favor. Automotive applications of DC-DC converter have expanded significantly, especially to provide SMPS/switch-mode power supplies for engine control unit for safety, power train and body units.
Taking into account the escalating number of data centers worldwide and the resultant increase in the demand for energy efficiency as well as better performance, the DC-DC Converter Market Outlook could witness considerable growth in the next couple of years. In the defense and aerospace sector, DC-DC converter has been subjected to several innovations, especially with regard to its design. Various aerospace and military programs, homeland security, advanced warrior technologies and airborne drones are striving for low-cost, reliable and lightweight electronic packages that are only achieved with the use of DC-DC converters. This factor is bound to foster the market demand over the following years.
DC-DC converters’ application range in the space industry is vast, since they offer regulated voltage as well as current source to the subsystem. For diverse space applications, HMC DC-DC converters that work on thick film technologies provide benefits associated with reliability, cost and size. As a result, the advancements in thick-film hybrid DC-DC converter and the consequent increase in space applications could be excellent business opportunities for the leading firms in the global market. Another key opportunity in the market could be the rising deployment of high switching frequency in the manufacturing of DC-DC converters, which many players are leveraging in order to boost their profit margins and stay ahead of the competition.
In August 2020, Intel launched Intel Enpirion PowerSoCs, which are DC-DC converters featuring high switching frequencies along with high integration to reduce parasitic inductance as well as capacitance. These PowerSoCs are highly useful for systems looking for power density, small solution size, low risk, ease of use and low noise.
Segmental Analysis:
The market segmentation for DC-DC converter comprises output voltage, output power as well as application.
The key output voltage-based segments are 3 VDC, 5 VDC and 24 VDC. 5 VDC segment procured the top spot in the market in the year 2018, while the 24 VDC segment is presumed to achieve the highest advancement rate during the conjectured period.
Depending on output power, the main categories are 20 W, 20–40 W along with 40–100 W. 40–100 W category, in 2018, took the lead in the global market. However, the 20–40 W segment can register the fastest CAGR in the years to come, on account of the rising use of small satellites in the low Earth orbit.
Navigation, remote sensing, communication and surveillance are the top application areas of DC-DC converters. Communication has remained the highest gaining application-based segment, since 2018, primarily as a result of the significant investments in the development of various communication satellites by government, military and commercial agencies worldwide. Remote sensing segment is all set to obtain the fastest growth rate due to the accelerated use of satellites for intelligence, border patrol, missile detection and surveillance.
Key Players:
Synqor Inc. (US),Thales Group (France),Crane Aerospace and Electronics (US),Asp Equipment GmbH (Germany),Airbus SAS (Netherlands),Vicor Corporation (US),VPT Power Inc. (US),Infineon Technologies AG (Germany),Steel S.P.A (Italy),Microsemi Corporation (US),UTC Aerospace Systems (US),Texas Instruments (US).
Regional Study :
The regional study of the global industry covers Europe, Middle East Africa/MEA, Asia Pacific/APAC, North America and Latin America.
Since 2018, North America has been the leading market for DC-DC converter industry, and can remain formidable throughout the review timeline, as a result of the significant spending by private vendors and space agencies on innovations in advanced satellites. Rampant demand for energy-efficient devices, surge in data centers, and the mounting power requirement in networking infrastructure are the key factors accelerating market growth in the region.
Europe has taken the second place in the global market and is touted to note considerable growth in the near future, backed by the rising number of space exploration activities in the UK, Russia, France and Germany. The fact that the region is home to several world renowned vendors like Airbus SAS, Thales Group, Infineon Technologies AG and Asp Equipment GmbH also favors the DC-DC Converter Market Insights.
The APAC market happens to be a strong contender and is set to capture the fastest growth rate in the forthcoming period, in line with the increasing spending on the development of advanced satellites for communications, surveillance, navigation and earth observation in India and China. The well-developed telecom industries in Japan, Singapore and China are highly focused on the upgradation of the network infrastructure to bolster the 5G infrastructure, which can ultimately work in favor of the APAC market in the long run.
Renowned Participants :
Some of the highly renowned market participants include Asp Equipment GmbH (Germany), VPT Power Inc. (US), Thales Group (France), Sitael S.P.A (Italy), Airbus SAS (Netherlands), Microsemi Corporation (US), Vicor Corporation (US), Synqor Inc. (US), Crane Aerospace and Electronics (US), Infineon Technologies AG (Germany), Texas Instruments (US), UTC Aerospace Systems (US), to name a few.
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Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions
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