Automotive Onboard Charger Market: Introduction
The automotive industry is witnessing a paradigm shift in terms of technology, as battery-operated vehicles are now being preferred over ICE (Internal Combustion Engine) vehicles. The cost of maintenance of an ICE vehicle is high as compared to an electric-powered vehicle. Automotive on-board charger is used to charge batteries of electric vehicles (EVs) and hybrid electric vehicles (HEVs). The charger system converts the AC input from the power grid to a DC input for charging the battery.
Global Automotive Onboard Charger Market: Competition Landscape
Infineon Technologies AG
Infineon Technologies AG was established in 1999 and is headquartered in Neubiberg, Germany. The company operates through its four business divisions: Automotive, Power Management & Multimarket, Industrial Power Control, and Digital Security Solutions. The company offers various products and services that include communication ICs, microcontrollers, power electronics, and ESD Protection Diodes. The company has over 40,100 employees across the globe.
STMicroelectronics was founded in 1957 and is headquartered in Geneva, Switzerland. The company provides products and services to various industries, including automotive, communication equipment, IT, and others. It manufactures products such as integrated circuits for specific applications, memory (including EEPROM), transistors, microcontrollers, smartcards, etc.
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Analog Devices, Inc.
Analog Devices, Inc. was founded in 1965 and is headquartered in Cambridge, Massachusetts, the U.S. The company manufactures and supplies semiconductors specializing in data conversion, power management technology, and signal processing. The company provides its product and services to industries such as aerospace and defense, automotive, building technology, communications, consumer, data center, energy, healthcare, industrial automation, instrumentation & measurement, and security & surveillance. It offers various products and services such as 3D Time of Flight (3D ToF), Cyber Security, GaN (Gallium Nitride), Internet of Things (IoT), LIDAR, MEMS Switch, Precision Sensor Interface, RF Solutions, RadioVerse, and SmartMesh.
Global Automotive Onboard Charger Market: Dynamics
Increase in Demand for Electric and Autonomous Vehicles
The demand for electric and autonomous vehicles has been rising, owing to environmental concerns and changing norms enacted by governments regarding petrol and diesel operated vehicles. The cost of fuel (combustible/conventional fuel) used in ICE vehicles is high, while the cost of fuel of EV is low (electricity) depending on the location and charging unit used. Subsidies provided by governments on the purchase of EVs, along with rise in prices of conventional fuels are driving the demand for electric vehicles. Germany, India, Japan, China, and other countries are promoting the adoption of electric vehicles.
Furthermore, these countries have announced a ban on diesel vehicles in the past few years. Electric vehicles are equipped with latest and improved technologies, which is a major reason that is projected to propel the demand for automotive onboard chargers during the forecast period. Autonomous vehicles offer several features, such lane assist and vehicle distance recognition as standard. These features are available in all basic models of autonomous vehicles. These vehicles are equipped with latest technologies to provide and share real-time information with other vehicles, which can reduce road fatalities and accidents.
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Global Automotive Onboard Charger Market: Segmentation
The global automotive onboard charger market can be segmented based on:
- Power Output
- Propulsion Type
- Vehicle Type
Global Automotive Onboard Charger Market, by Power Output
In terms of power output, the global automotive onboard charger market can be divided into:
- Less than 10 KW
- 10 KW–20 KW
- More than 20 KW
Global Automotive Onboard Charger Market, by Propulsion Type
Based on propulsion type, the global automotive onboard charger market can be bifurcated into:
Global Automotive Onboard Charger Market, by Vehicle Type
On the basis of vehicle type, the global automotive onboard charger market can be classified into:
- Passenger Vehicle
- Commercial Vehicle
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