Report ID: UCMIG25C2113
Report ID:
UCMIG25C2113 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for automotive integrated onboard chargers was valued at approximately $2.77 billion. Projections indicate substantial growth, with expectations that this market will increase from $4.44 billion in 2023 to an impressive $69.91 billion by 2030, displaying a robust compound annual growth rate (CAGR) of 48.3% throughout the forecast period. The automotive integrated onboard charger is a crucial technology that manages electrical power within electric and hybrid vehicles, effectively serving as a combination of an onboard charger and DC-DC converter. Known as the EV integrated charging control unit (ICCU), it plays a vital role in facilitating efficient battery charging and the conversion of high-voltage power into the lower-voltage power necessary for other vehicle electrical systems.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automobile Manufacturers by segment aggregation, the contribution of the Automobile Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25C2113