USD 0.4 billion
Report ID:
SQMIG45N2067 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
59
|Figures:
75
Automotive Low-Side MOSFET Drivers Market size was valued at USD 0.5 billion in 2022 and is poised to grow from USD 0.53 billion in 2023 to USD 0.86 billion by 2031, growing at a CAGR of 6.2% during the forecast period (2024-2031).
The automotive low-side MOSFET drivers market has been witnessing significant growth in recent years, primarily driven by the expanding automotive industry and the increasing demand for advanced electronic systems in vehicles. The rise in electric and hybrid vehicles has further propelled market growth, as these vehicles require sophisticated power management solutions for their propulsion systems. One of the key factors driving the market is the growing focus on vehicle electrification and the shift towards electric powertrains. As automakers worldwide aim to reduce emissions and comply with stringent environmental regulations, they are increasingly incorporating electric components and systems into their vehicles. This has led to a surge in the demand for automotive low-side MOSFET drivers, which are crucial in efficiently controlling the power flow in electric vehicle systems. Moreover, the advancements in automotive technology, such as the integration of advanced driver-assistance systems (ADAS), infotainment systems, and connectivity features, have further fueled the demand for low-side MOSFET drivers. These drivers enable the seamless operation of various automotive electronic systems, ensuring reliable performance and enhanced safety.
One of the major hurdles faced by automotive low-side MOSFET drivers manufacturers is the intense competition among market players. The market is highly fragmented, with several established and emerging players vying for market share. This has led to price pressures and the need for continuous innovation and product differentiation to stay competitive. Furthermore, the market is also subject to various regulatory and compliance standards, particularly related to automotive safety and emissions. Manufacturers need to ensure that their low-side MOSFET drivers meet these standards and certifications, which can add to the overall cost and complexity of production. The market for automotive low-side MOSFET drivers is expected to experience significant growth in the years to come. The demand for these drivers will keep rising as a result of rising electric vehicle adoption and ongoing improvements in automotive technology. Additionally, the growing focus on autonomous vehicles and the integration of advanced features in vehicles will further boost the market growth, presenting opportunities for both existing and new players in the market.
US Automotive Low-Side MOSFET Drivers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 0.4 billion
Largest Segment
Single-channel low-side MOSFET drivers
Fastest Growth
Single-channel low-side MOSFET drivers
Growth Rate
6.2% CAGR
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Global Automotive Low-Side MOSFET Drivers market is segmented by type, end-user, and region. Based on type, the market can be segmented into Single-Channel low-side MOSFET drivers and Multi-Channel low-side MOSFET drivers. Based on end-user, the market is segmented into passenger cars and commercial vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Low-Side MOSFET Drivers Market Analysis by Type
By type, the market can be segmented into Single-channel low-side MOSFET drivers and Multi-channel low-side MOSFET drivers. The Single-channel low-side MOSFET drivers segment is expected to hold the largest market share during the forecast period. This can be attributed to the increasing demand for passenger cars and commercial vehicles that require single-channel low-side MOSFET drivers to drive power components such as headlights, brake lights, and fuel pumps. Additionally, the increasing demand for advanced safety and convenience features in modern vehicles is expected to drive the demand for single-channel low-side MOSFET drivers.
The Multi-channel low-side MOSFET drivers segment is expected to exhibit the highest growth rate during the forecast period. This can be attributed to the increasing demand for advanced automotive electronics systems that require multi-channel low-side MOSFET drivers to drive multiple power components simultaneously. Furthermore, the increasing demand for electric vehicles that require more advanced and efficient MOSFET drivers is also expected to drive the growth of the multi-channel low-side MOSFET drivers segment.
Automotive Low-Side MOSFET Drivers Market Analysis by End-User
By end-user, the market can be segmented into passenger cars and commercial vehicles. Passenger Cars segment is expected to hold the largest market share during the forecast period. This can be attributed to the increasing demand for passenger cars globally, especially in emerging economies. Additionally, the growing demand for advanced safety and convenience features in passenger cars, such as adaptive cruise control, lane departure warning systems, and advanced driver assistance systems, is expected to drive the demand for low-side MOSFET drivers.
The Commercial Vehicles segment is expected to exhibit the fastest growth rate during the forecast period. This can be attributed to the increasing demand for commercial vehicles, especially in developing countries, due to the growing logistics and transportation industry. The adoption of advanced safety features and the increasing demand for electric and hybrid commercial vehicles is expected to drive the demand for low-side MOSFET drivers in this segment.
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North America held a significant share of the global Automotive Low-Side MOSFET Drivers market, making it a dominating region in the market. The presence of significant automotive industry players, rising interest in electric vehicles, and the growing popularity of advanced driver assistance systems and infotainment systems in automobiles are all factors contributing to the region's growth.
For Automotive Low-Side MOSFET Drivers, on the other hand, the APAC region is anticipated to experience the fastest growth during the forecast period. The region's expansion can be attributed to elements like the rising popularity of electric vehicles, government programmes to encourage their use, and the rising demand for sophisticated automotive systems. The growth of the market in the APAC region is also being aided by the existence of several significant players in the automotive sector in nations like China, Japan, and South Korea.
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Drivers
Increasing demand for efficient and reliable automotive electronic systems
Restraints
High cost of these devices
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The Automotive Low-Side MOSFET Drivers Market is extremely fragmented, with both small and large players present. To gain a competitive edge, these businesses concentrate on technological and product innovation. They are also collaborating with other players in the industry to develop new products and expand their customer base. In order to improve their market position and boost their market share, businesses are also implementing strategies like alliances, mergers, and acquisitions. The competitive landscape is expected to remain highly competitive, with players competing on factors such as price, product quality, and customer service.
Automotive Low-Side MOSFET Drivers Market Top Player’s Company Profiles
Automotive Low-Side MOSFET Drivers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive Low-Side MOSFET Drivers market analysis, the market is expected to grow in the coming years due to increasing demand for efficient and reliable automotive electronic systems, particularly in electric and hybrid vehicles. The market is highly competitive, with several small and large players operating in the industry. Key players are focusing on product innovation and technological advancements to gain a competitive edge. The market is also experiencing restraints such as high costs and complex integration processes, which may deter some companies from investing in these devices. However, advancements in MOSFET driver technology and the trend towards electric and hybrid vehicles are expected to drive the growth of the market in the future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 0.5 billion |
Market size value in 2031 | USD 0.86 billion |
Growth Rate | 6.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Low-Side MOSFET Drivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Low-Side MOSFET Drivers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQMIG45N2067