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Automotive 48V System Market Size, Share, Growth and Manufacture Development Analysis by 2021-2027

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The global Automotive 48V System market size is expected to surpass around US$ 22.3 billion by 2027 and the market is expected to garner growth at a CAGR of 26.3% over the forecast period 2021 to 2027.

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Growth Factors

Low cost of 48V technology that makes them a cost-effective solution for automotive Original Equipment Manufacturers (OEMs) expected to surge the demand of 48V system across the globe. This has broadened the scope for 48V technology in low-powered BEVs and mild hybrids. An electrical system forms crucial parts of these vehicles, as well as low cost associated to the 48V systems allow OEMs to cut the upfront costs of their vehicle. Consequently, the low-cost feature of automotive 48V technology expected to boost their demand across the world over the analysis period, especially through 48V mild hybrids.

In addition, to achieve the emission standards, OEMs are highly focused towards the implementation of lightweight designs, electronic units, and electrification of powertrains in the new vehicle models. Moreover, rising demand for increased safety & comfort that include power steering, heated seats, and Advanced Driver Assistance Systems (ADAS) among consumers have triggered the adoption of electronic units that subsequently increases pressure on the vehicle’s battery system. This has prompted OEMS to develop a dual voltage architecture that includes 48V supply as well as satisfy the increased power demand for components in the vehicle. The aforementioned factors have boosted the market growth for 48V technology.

Market Report Scope

Report Highlights Details
Market Size USD 22.3 Billion by 2027
Growth Rate CAGR of 26.3% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Automotive 48V System market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive 48V System market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive 48V System. The study also provides the dynamics that are responsible for influencing the future status of the Automotive 48V System market over the forecast period.

A detailed assessment of the Automotive 48V System market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive 48V System market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific emerged as the global leader in 2019 owing to significant consumer base along with increasing penetration of battery-powered vehicles in the region
  • Europe and North America are following the Asia Pacific in terms of market growth owing to government support and well-developed transport infrastructure in the regions
  • In 2019, mid-sized vehicle segment captured the maximum value share attributed to the increasing preference for vehicles with improved fuel economy as well as increasing awareness among the people for battery-driven cars
  • By architecture, belt driven segment occupied the major revenue share of nearly 40% in 2019 and expected to witness prominent growth of around 24% over the forecast period

Regional Snapshots

The Asia Pacific is the front-runner in the global automotive 48V technology market, followed by North America and Europe. The significant growth of the region is mainly attributed to the increasing investment from government for the development of supportive transport infrastructure for electric & hybrid vehicles. Furthermore, rising inclination of consumers towards more convenience and safety system again contributes for the positive market growth of 48V technology in the region. Apart from this, several governments in the Asian countries have started green revolution in order to protect environment and improve the air quality by curbing the emission rate, this expected to propel the implementation of 48V technology in the region.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Robert Bosch GmbH
  • BorgWarner Inc.
  • Dana Limited
  • CONTINENTAL AG
  • MAHLE Powertrain Ltd
  • GKN (Melrose Industries PLC)
  • Delphi Technologies
  • Magna International Inc.
  • Lear Corporation
  • Valeo SA

Segments Covered in the Report

By Vehicle Class

  • Premium
  • Mid
  • Entry
  • Luxury

By Architecture

  • Crankshaft Mounted
  • Belt Driven
  • Transmission Output Shaft
  • Dual-Clutch Transmission-Mounted

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Automotive 48V System market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive 48V System are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive 48V System Market, By Vehicle Class

7.1. Automotive 48V System Market, by Vehicle Class Type, 2020-2027
7.1.1. Premium
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Mid
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Entry
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Luxury
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive 48V System Market, By Architecture

8.1. Automotive 48V System Market, by Architecture, 2020-2027
8.1.1. Crankshaft Mounted
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Belt Driven
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Transmission Output Shaft
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Dual-Clutch Transmission-Mounted
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive 48V System Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.1.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.2.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.4.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.5.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Architecture (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Vehicle Class (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Architecture (2016-2027)

Chapter 10. Company Profiles

10.1. Robert Bosch GmbH
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BorgWarner Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Dana Limited
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. MAHLE Powertrain Ltd
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. CONTINENTAL AG
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. GKN (Melrose Industries PLC)
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Delphi Technologies
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Magna International Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Lear Corporation
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Valeo SA
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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