Global Automotive Voltage Regulators Market

Automotive Voltage Regulators Market Size, Share, Growth Analysis, By Product Type(linear voltage regulators, and switching voltage regulators), By Application(passenger cars, and commercial vehicles), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20D2128 | Region: Global | Published Date: April, 2024
Pages: 202 |Tables: 61 |Figures: 75

Automotive Voltage Regulators Market Insights

Global Automotive Voltage Regulators market size was valued at USD 2.86 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 4.83 billion by 2031, at a CAGR of 6% during the forecast period (2024-2031).

The global automotive voltage regulators market is driven by a range of factors, including the increasing demand for electric vehicles, the growing adoption of advanced automotive technologies, and the rising awareness of energy-efficient vehicles. The purpose of the global automotive voltage regulators market is to provide electronic components that can regulate the voltage of a vehicle's electrical system, thereby ensuring that the electrical current remains stable and within safe limits. These components play a crucial role in ensuring the safety and reliability of a vehicle's electrical system. The main driving factors of the global automotive voltage regulators market is the increasing demand for electric vehicles. As more consumers switch to electric vehicles, there is a growing need for advanced electronic components that can regulate the voltage of these vehicles' electrical systems. The main restraining factors of the global automotive voltage regulators market is the high cost of advanced electronic components. Advanced voltage regulators can be expensive to produce, which can make them prohibitively expensive for some consumers. the increasing competition from alternative power sources, such as fuel cells and hydrogen-powered vehicles. As these technologies become more advanced and cost-effective, they may replace traditional electric vehicles, which could reduce the demand for voltage regulators. The main challenge in the global automotive voltage regulators market is the need to constantly innovate and improve the performance of these components. As vehicles become more advanced and complex, the demand for high-performance voltage regulators will continue to grow. the need to meet increasingly strict regulations and standards for vehicle safety and emissions. As consumers become more aware of the environmental impact of traditional vehicles, they are increasingly looking for vehicles that are more fuel-efficient and emit fewer emissions. This presents a significant opportunity for manufacturers of advanced voltage regulators. the growing demand for electric and hybrid vehicles.

US Automotive Voltage Regulators Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.86 billion

Largest Segment

Passenger Cars

Fastest Growth

Commercial Vehicles

Growth Rate

6% CAGR

Global Automotive Voltage Regulators Market ($ Bn)
Country Share for North America Region (%)

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Automotive Voltage Regulators Market Segmental Analysis

The global automotive voltage regulators market is segmented on the basis of product, application, and region. Based on product, the market is segmented into linear voltage regulators, and switching voltage regulators. In terms of application, the market is classified into passenger cars, and commercial vehicles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive Voltage Regulators Market Analysis by Product

Linear voltage regulators are simple and reliable and are commonly used in low-power applications. They are used to provide a constant output voltage, regardless of changes in the input voltage. Linear voltage regulators are ideal for applications where low noise, low cost, and ease of use are the primary concerns. Linear voltage regulators are commonly used in automotive applications, such as dashboard displays, navigation systems, and infotainment systems.

Switching voltage regulators, on the other hand, are more efficient than linear voltage regulators and are commonly used in high-power applications. They use a switching element to regulate the output voltage, making them more efficient than linear regulators. Switching voltage regulators are commonly used in automotive applications, such as electric power steering, electric water pumps, and electric brake systems.

Automotive Voltage Regulators Market Analysis by Application

The global automotive voltage regulators market can be segmented into passenger cars and commercial vehicles. Passenger cars are the largest segment of the market and are expected to continue to dominate the market over the forecast period. However, the demand for voltage regulators in commercial vehicles is expected to grow at a higher rate due to the increasing adoption of electric and hybrid commercial vehicles.

The market can also be segmented based on the voltage range of the voltage regulators. Voltage regulators can be classified as low voltage regulators (below 24V) and high voltage regulators (above 24V). the market can also be segmented based on the type of vehicle propulsion system. The demand for voltage regulators in electric vehicles is expected to grow at a higher rate compared to traditional internal combustion engine vehicles.

Global Automotive Voltage Regulators Market Size By Application , 2023 (%)

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Automotive Voltage Regulators Market Regional Insights

North America dominated the market in 2022, attributed to the presence of major automotive manufacturers in the region. Over the course of the forecast period, the market is anticipated to increase as a result of rising demand for electric and hybrid vehicles as well as the expanding trend of sophisticated automotive technologies in the region.

Over the course of the forecast, Europe is anticipated to experience the fastest growth in the global market for automotive voltage regulators. The need for voltage regulators in automotive applications is being fueled by the region's growing adoption of electric and hybrid vehicles as well as the expanding trend of advanced automotive technology. the presence of significant automakers in the area.

Global Automotive Voltage Regulators Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive Voltage Regulators Market Dynamics

Automotive Voltage Regulators Market Drivers

Increasing Demand for Advanced Automotive Technologies

  • The increasing demand for advanced automotive technologies, such as ADAS, infotainment systems, and electric power steering, is driving the demand for voltage regulators in automotive applications. Voltage regulators are an essential component of these advanced automotive technologies, and the increasing adoption of these technologies is expected to drive the growth of the global automotive voltage regulators market.

Growing Automotive Industry

  • The growing automotive industry, particularly in emerging economies such as China, India, and Brazil, is driving the demand for advanced electronic components, including voltage regulators. The increasing demand for automobiles in these regions is expected to drive the growth of the global automotive voltage regulators market over the forecast period.

Automotive Voltage Regulators Market Restraints

Increasing Competition among Established Players

  • The global automotive voltage regulators market is highly competitive, with several established players competing to develop advanced and innovative products. The increasing competition among these players is expected to lead to pricing pressure and lower profit margins, which could negatively impact the growth of the market.

Fluctuations in Raw Material Prices

  • The fluctuation in raw material prices, particularly the prices of copper and aluminum, is a significant challenge facing the global automotive voltage regulators market. The prices of these materials are highly volatile and can impact the production cost of voltage regulators, which could affect the profitability of manufacturers.

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Automotive Voltage Regulators Market Competitive Landscape

The global automotive voltage regulators market is highly competitive in nature with several established players and a large number of small and medium-sized players operating in the market. The market is characterized by intense competition, rapid technological advancements, and high levels of innovation. Players are focusing on developing advanced and innovative products to maintain their position in the market. They are also investing heavily in research and development activities to develop new technologies and products that can address the evolving needs of the automotive industry. In addition to product development and innovation, these players are also focusing on strategic partnerships, collaborations, and acquisitions to expand their presence in the market. They are also focusing on expanding their distribution channels and improving their supply chain to enhance their market reach and improve their customer base. The global automotive voltage regulators market is highly competitive, and the competition is expected to intensify further over the forecast period. The players operating in the market will need to focus on product innovation, strategic partnerships, and expanding their distribution channels to maintain their position in the market.

Automotive Voltage Regulators Market Top Player’s Company Profiles

  • Texas Instruments Inc. (US)
  • STMicroelectronics (Switzerland)
  • Infineon Technologies AG (Germany)
  • ON Semiconductor (US)
  • ROHM Semiconductor (Japan)
  • NXP Semiconductors (Netherlands)
  • Maxim Integrated (US)
  • Renesas Electronics Corporation (Japan)
  • Microchip Technology Inc. (US)
  • Analog Devices, Inc. (US)
  • Toshiba Electronic Devices & Storage Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Fairchild Semiconductor Corporation (US)
  • Diodes Incorporated (US)
  • Vishay Intertechnology, Inc. (US)
  • Sanken Electric Co., Ltd. (Japan)
  • Torex Semiconductor Ltd. (Japan)
  • Carsem (M) Sdn Bhd (Malaysia)
  • Sony Corporation (Japan)
  • ABB Ltd. (Switzerland)

Automotive Voltage Regulators Market Recent Developments

  • In April 2024, Nisshinbo Micro Devices introduced the NJW1871 series Boost/Fly-Back Switching Regulator Controller, designed for use in small to mid-range power supplies across consumer, industrial, and automotive sectors. 
  • In March 2024, ABLIC, a group company of MinebeaMitsumi Inc., introduced the S-19990/9 Series of automotive step-up switching regulator controllers. 
  • In March 2024, Toshiba Electronic Devices & Storage Corporation began mass production of the SmartMCD™ Series gate driver ICs equipped with embedded microcontroller (MCU) technology. The inaugural product, named "TB9M003FG," is specifically designed for sensorless control of three-phase brushless DC motors utilized in automotive applications such as water and oil pumps, as well as fans and blowers. 
  • In February 2024, Abracon, a prominent supplier of Frequency Control, Timing, Power, Magnetics, RF, and Antenna solutions, unveiled its latest lineup of "ATL-series" Trans-Inductor Voltage Regulator (TLVR) Inductors. These inductors can revolutionize power delivery by offering unmatched performance and reliability.

Automotive Voltage Regulators Key Market Trends

  • Growing adoption of electric and hybrid vehicles: The increasing demand for electric and hybrid vehicles is driving the growth of the automotive voltage regulators market. Voltage regulators are essential components in electric and hybrid vehicles, as they regulate the voltage and ensure that the batteries are charged and discharged efficiently. As more and more consumers switch to electric and hybrid vehicles, the demand for voltage regulators is expected to continue to grow.
  • Increasing demand for advanced automotive technologies: the increasing adoption of advanced automotive technologies such as ADAS and infotainment systems, the demand for voltage regulators is also increasing. Voltage regulators are used in a wide range of automotive applications, including engine control units (ECUs), power steering systems, and lighting systems, to name just a few.

Automotive Voltage Regulators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global automotive voltage regulators market analyses, the market is highly competitive in nature, with many companies offering a wide range of products. The market is fueled by things like rising interest in electric and hybrid cars, a focus on energy economy, and the combination of several chip functionalities. The complexity of automotive systems and the demand for extremely high levels of performance and reliability, however, provide problems for the market.

The global automotive voltage regulators market is a dynamic and evolving market, with many opportunities for growth and innovation. As new technologies and trends emerge in the automotive industry, we can expect to see further changes and developments in the market.

Report Metric Details
Market size value in 2023 USD 2.86 billion
Market size value in 2031 USD 4.83 billion
Growth Rate 6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • linear voltage regulators, and switching voltage regulators
  • Application
    • passenger cars, and commercial vehicles
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
  • Texas Instruments Inc. (US)
  • STMicroelectronics (Switzerland)
  • Infineon Technologies AG (Germany)
  • ON Semiconductor (US)
  • ROHM Semiconductor (Japan)
  • NXP Semiconductors (Netherlands)
  • Maxim Integrated (US)
  • Renesas Electronics Corporation (Japan)
  • Microchip Technology Inc. (US)
  • Analog Devices, Inc. (US)
  • Toshiba Electronic Devices & Storage Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Fairchild Semiconductor Corporation (US)
  • Diodes Incorporated (US)
  • Vishay Intertechnology, Inc. (US)
  • Sanken Electric Co., Ltd. (Japan)
  • Torex Semiconductor Ltd. (Japan)
  • Carsem (M) Sdn Bhd (Malaysia)
  • Sony Corporation (Japan)
  • ABB Ltd. (Switzerland)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Voltage Regulators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Voltage Regulators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Voltage Regulators 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 Voltage Regulators 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Voltage Regulators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Voltage Regulators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Automotive Voltage Regulators market size was valued at USD 2.86 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 4.83 billion by 2031, at a CAGR of 6% during the forecast period (2024-2031).

The automotive voltage regulators market is highly competitive in nature with several established players and a large number of small and medium-sized players operating in the market. The market is characterized by intense competition, rapid technological advancements, and high levels of innovation. Players are focusing on developing advanced and innovative products to maintain their position in the market. They are also investing heavily in research and development activities to develop new technologies and products that can address the evolving needs of the automotive industry. In addition to product development and innovation, these players are also focusing on strategic partnerships, collaborations, and acquisitions to expand their presence in the market. They are also focusing on expanding their distribution channels and improving their supply chain to enhance their market reach and improve their customer base. The automotive voltage regulators market is highly competitive, and the competition is expected to intensify further over the forecast period. The players operating in the market will need to focus on product innovation, strategic partnerships, and expanding their distribution channels to maintain their position in the market. 'Texas Instruments Inc. (US)', 'STMicroelectronics (Switzerland)', 'Infineon Technologies AG (Germany)', 'ON Semiconductor (US)', 'ROHM Semiconductor (Japan)', 'NXP Semiconductors (Netherlands)', 'Maxim Integrated (US)', 'Renesas Electronics Corporation (Japan)', 'Microchip Technology Inc. (US)', 'Analog Devices, Inc. (US)', 'Toshiba Electronic Devices & Storage Corporation (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'Fairchild Semiconductor Corporation (US)', 'Diodes Incorporated (US)', 'Vishay Intertechnology, Inc. (US)', 'Sanken Electric Co., Ltd. (Japan)', 'Torex Semiconductor Ltd. (Japan)', 'Carsem (M) Sdn Bhd (Malaysia)', 'Sony Corporation (Japan)', 'ABB Ltd. (Switzerland)'

The increasing demand for advanced automotive technologies, such as ADAS, infotainment systems, and electric power steering, is driving the demand for voltage regulators in automotive applications. Voltage regulators are an essential component of these advanced automotive technologies, and the increasing adoption of these technologies is expected to drive the growth of the automotive voltage regulators market.

Growing adoption of electric and hybrid vehicles: The increasing demand for electric and hybrid vehicles is driving the growth of the automotive voltage regulators market. Voltage regulators are essential components in electric and hybrid vehicles, as they regulate the voltage and ensure that the batteries are charged and discharged efficiently. As more and more consumers switch to electric and hybrid vehicles, the demand for voltage regulators is expected to continue to grow.

North America dominated the market in 2022, attributed to the presence of major automotive manufacturers in the region. Over the course of the forecast period, the market is anticipated to increase as a result of rising demand for electric and hybrid vehicles as well as the expanding trend of sophisticated automotive technologies in the region.

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