OREGAON, PORTLAND, UNITED STATES , June 3, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global automotive 48V system market generated $2.22 billion in 2019, and is estimated to reach $21.00 billion by 2027, registering a CAGR of 26.5% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A06636

Automakers worldwide are moving toward electrifying their fleets, but it does not mean every future car or truck will need to be plugged in. Instead, the first wave of this advancement is 48-volt technology. This new technology includes the benefits of decreased emissions and even improved acceleration. And the new onboard battery systems provide extra power to run infotainment and advanced safety systems in vehicle.

The global automotive 48V system market is driven by increase in demand for hybrid and electric vehicle and rise in demand for 48V battery system. However, high cost of system in vehicles and anticipated rise in sale of battery electric vehicles are expected to hinder the growth of the market. Furthermore, increased safety & comfort features in vehicles and reduction of CO2 emission to meet future emission legislations are anticipated to provide lucrative growth opportunities for the players operating in the automotive 48V system market.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐫𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Increase in demand for hybrid & electric vehicles and 48V battery system drives the growth of the global automotive 48V system market. However, surge in sale of electric vehicle equipped with fully-powered battery and total cost of vehicle hinder the market growth. On the other hand, demand for advanced safety and comforts features and need to lower CO2 emissions present new opportunities in the coming years.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Dana Limited
Delphi Technologies
GKN (Melrose Industries PLC)
Lear Corporation
Magna International Inc.
MAHLE Powertrain Ltd.
Valeo SA

The report offers a detailed segmentation of the global automotive 48V system market based on architecture, vehicle class, and region.

𝐓𝐡𝐞 𝐛𝐞𝐥𝐭 𝐝𝐫𝐢𝐯𝐞𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on architecture, the belt driven segment accounted for the highest share in 2019, holding more than two-fifths of the global automotive 48V system market, and is expected to maintain its lead position during the forecast period. This is due to a relatively low integration cost, reduced CO2 emissions, and dynamic performance offered by this architecture. However, the transmission output shaft segment is estimated to witness the highest CAGR of 30.5% from 2020 to 2027, owing to high efficiency, electric driving (creep), and four/all-wheel drive mode provided by this type of architecture.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-48v-system-market/purchase-options

𝐓𝐡𝐞 𝐦𝐢𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on vehicle class, the mid segment held nearly two-fifths of the global automotive 48V system market in 2019, and is expected to continue its dominance during the forecast period. This is attributed to reduced sales of mid-sized passenger-vehicles and increase in fleet CO2 targets. However, the entry segment would witness the fastest CAGR of 27.7% from 2020 to 2027. This is due to incorporation of innovative features and smart options such as 48v systems on cost-effective models, including entry class vehicles.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟕, 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐬𝐭𝐞𝐚𝐝𝐢𝐥𝐲

Based on region, Asia-Pacific accounted for the highest share of more than two-fifths of the global automotive 48V system market in 2019, and is estimated to maintain its highest contribution by 2027. This is due to development of new products to meet changing consumer demands, rapid industrialization, and initiatives to switch the consumer inclination from petrol to electric or hybrid cars. However, Europe is expected to portray the largest CAGR of 27.4% from 2020 to 2027, owing to increase in adoption of fuel efficient and eco-friendly vehicles in the region along with technological advancements. Contrarily, North America would witness a CAGR of 25.5% during the forecast period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A06636

𝐁𝐫𝐨𝐰𝐬𝐞 𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

https://www.alliedmarketresearch.com/electric-vehicle-transmission-market - 2023-2032 : The global electric vehicle (EV) transmission market is segmented based on transmission type, vehicle type, transmission system, and region.

https://www.alliedmarketresearch.com/automated-manual-transmission-AMT-market - 2023-2032 : The global automated manual transmission (AMT) market is segmented on the basis of the application and region.

https://www.alliedmarketresearch.com/automotive-axle-propeller-shaft-market - 2020-2030: The Automotive axle and propeller shafts market is segmented on the basis of axle & propeller shaft type, vehicle type, and geography.

https://www.alliedmarketresearch.com/automotive-engine-belt-hose-market - 2023-2032 : The global automotive engine belt and hose market is segmented based on belt type, hose application, vehicle type, and geography.

David Correa
Allied Market Research
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