Automotive DC-DC Converters Market � Global Opportunities & Forecast 2021-2028

Gmi Research18 Feb, 2022Business

The global automotive DC-DC converters market is likely to register a CAGR of over 10% over the forecast period. The growth in the market is fuelled by increasing demand for electronic systems and the increasing adoption of electric vehicles.Additionally, the growing number of control modules in the vehicle and the need to control the energy during load has propelled the demand for DC-DC converters for voltage change in the automotive industry. According to the International Energy Agency (IEA), the international electric car sales share increased from 70% in 2020 and nearly 3 million new electric cars were registered.

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