July 12, 2024

Automotive 48V System Market Size to Worth Around US$ 22.3 Bn by 2027

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive 48V system market size is expected to register revenues worth USD 22.3 billion by the end of 2027, growing at an exceptional CAGR of approximately 26.3% between 2020 and 2027.

Automotive 48V System

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Automotive 48V System Market 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.

Automotive 48V System Market Report Scope
Report HighlightsDetails
Market SizeUSD 22.3 Billion by 2027
Growth RateCAGR of 26.3% from 2021 to 2027
Largest MarketAsia Pacific
Fastest Growing MarketNorth America
Base Year2021
Forecast Period2021 to 2027
Segments CoveredVehicle Class, Architecture, Region
Automotive 48V System Market 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

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.

This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Automotive Lightweight Materials Market Size to Worth Around US$ 115.37 Bn by 2027

some of the prominent players in the automotive 48V system market include:
  • Robert Bosch GmbH
  • BorgWarner Inc.
  • Dana Limited
  • MAHLE Powertrain Ltd
  • GKN (Melrose Industries PLC)
  • Delphi Technologies
  • Magna International Inc.
  • Lear Corporation
  • Valeo SA
Automotive 48V System Market Segments

By Vehicle Class

  • Premium
  • Mid
  • Entry
  • Luxury

By Architecture

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

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global automotive 48V system market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive 48V system market.

The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.

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.

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From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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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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