Power electronics technology helps in efficient conduction and control of electric power in a vehicle. All electrical components of a vehicle, which can be classified into engine electronics, transmission electronics, chassis electronics, active safety, driver assistance, passenger comfort and entertainment systems, require power system such as DC/DC, DC/AC, and AC/DC. The power electronic components such as controllers, gate drivers, and converters are used to supply and regulate these power systems.

The competitive leadership mapping provides information about the major players that offer automotive power electronics products and outlines the findings and analysis on how well each market vendor performs within predefined competitive leadership mapping criteria. The vendor evaluations are based on two broad categories—product offering and business strategy. Each category carries various criteria based on which the vendors will be evaluated. The evaluation criteria considered under product offering include the breadth of offering, product innovation, and market presence (OEM and aftermarket). The evaluation criteria considered under business strategy include reach (on the basis of geographic presence), revenue growth, infrastructure, and key clients’ channel, inorganic growth (on the basis of partnerships, collaborations, and acquisitions) and organic growth.

The Visionary Leaders have a strong portfolio of components offering in automotive power electronics. These vendors have been marking their presence in this market by offering highly advanced, customized, and easily deployable solutions for the OEMs. They have also adopted robust business strategy to achieve constant growth in this market

They have an innovative product portfolio, a wide range of solutions and services, and an extensive network of channel partners to increase the deployment of their solutions across a multitude of vertical markets. Over the years, the dynamic vendors have been consistently generating positive revenue growth in the automotive power electronics market, and their market position is boosted by the organic and inorganic growth strategies undertaken by them over the period.

These vendors have been consistently offering a wide and innovative automotive power electronics portfolio to fulfil their customers’ demands. They have a robust potential to build strong business strategies for their business growth to be at par with the Vanguards. Innovators have been at the forefront in deploying their solutions

The majority of the emerging vendors have been undertaking multiple acquisitions and boosting their sales capabilities across various regions to offer integrated solutions and components to a wide range of clients The key features of any vehicle include powertrain & chassis system, body electronics, safety & security systems, telematics, and infotainment. All these applications require power electronic components for their operation in existing vehicles. Electronic systems continue to contribute more than 90% of the innovation in new features that are being introduced in the automotive applications. The power electronics market is driven by such advancements in the vehicle electronics technology. Apart from the increasing demand for conventional fuels, other factors such as regulations concerning exhaust gas emissions, growing preference of customers for advanced technologies, and increasing limits imposed on fuel efficiency to reduce the carbon footprint are driving the trend of vehicle electrification, which consequently is influencing the power electronics market in the automotive domain. As mentioned, with the increased vehicle electrification, the demand for power electronic components has also increased, especially in the applications such as powertrain, chassis, safety, body electronics, and telematics & infotainment. Power electronic devices are used for safety, in air bag system or ECS system and in monitoring the tire conditions (tire pressure monitoring system), among others. Sensors used in radars and Complementary Metal–Oxide–Semiconductor (CMOS) cameras are the basis for advanced safety solutions aiming at preventing collisions and accidents, giving warning to drivers, and assisting them in critical situations. These technological advancements in automotive electronics are driving the growth of the automotive power electronics market. Furthermore, vehicle production across the globe is on the rise. The stringent emission norms and increased awareness among people regarding environmental hazards caused by the vehicular emission have resulted in the increased demand for electric and hybrid vehicles. All these factors make the automotive power electronics market a promising one in the near future.