Global DC-DC Converters Market

Global DC-DC Converters Market Size, Share, Growth Analysis, By Type(Non-Isolated DC-DC Converters and Isolated DC-DC Converters), By Application(Automotive and Industrial) - Industry Forecast 2023-2030


Report ID: SQMIG25A2072 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 59 | Figures: 75

Global DC-DC Converters Market Insights

DC-DC Converters Market size was valued at USD 11.40 billion in 2021 and is poised to grow from USD 12.10 billion in 2022 to USD 76.79 billion by 2030, growing at a CAGR of 30.2% in the forecast period (2023-2030).

Global DC-DC converters market is driven by the need for efficient power management, the growth of electronic devices and industries, technological advancements, the expansion of electric vehicles and renewable energy systems, and the demand for reliable power supply in telecommunications and industrial sectors. The trend of industrial automation and the implementation of smart manufacturing techniques have boosted the demand for DC-DC converters. These converters are used in industrial control systems, robotics, motor drives, and other automation applications to provide precise and regulated power to various components. Also, with the proliferation of electronic devices such as smartphones, tablets, wearable devices, and Internet of Things (IoT) devices, the demand for compact and efficient power management solutions has surged. DC-DC converters play a crucial role in providing the required voltage levels for these devices. Moreover, the rapid growth of the electric vehicle market has significantly contributed to the demand for DC-DC converters. These converters are essential for converting high-voltage battery power to the required levels for various vehicle subsystems, including electric motors, onboard chargers, and auxiliary systems. Furthermore, technological advancements in power electronics have led to the development of more efficient and reliable DC-DC converters. These advancements include the integration of advanced semiconductor materials, improved circuit designs, and enhanced thermal management techniques.

US DC-DC Converters Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 11.40 billion

Largest Segment

Non-Isolated DC-DC Converters

Fastest Growth

Non-Isolated DC-DC Converters

Growth Rate

30.2% CAGR

Global DC-DC Converters Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global DC-DC Converters Market Size By Type 2022-2030 ($ Bn)
Global DC-DC Converters Market Size By Type 2022-2030 (%)

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Global DC-DC Converters Market Segmental Analysis

Global DC-DC Converters market is segmented by type, application, and region. Based on type, the market can be segmented into non-isolated DC-DC converters, and isolated DC-DC converters. Based on technology, the market is segmented into automotive, and aerospace. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

DC-DC Converters Market Analysis by Type

By type, the market can be segmented into non-isolated DC-DC converters and isolated DC-DC converters. Non-isolated DC-DC converters are expected to hold the larger market share due to their wide application in various industries. The increasing demand for power-efficient, portable devices with longer battery life, and the growing adoption of electric vehicles are expected to drive the demand for non-isolated DC-DC converters during the forecast period.

Isolated DC-DC converters are expected to witness significant growth in the coming years, owing to their increasing adoption in applications where high levels of voltage isolation are required. The growing demand for medical equipment, industrial automation, and military and aerospace applications is expected to drive the growth of the isolated DC-DC converters segment.

DC-DC Converters Market Analysis by Application

By application, the market can be segmented into automotive and industrial. The automotive segment is dominated the global market share due to the increasing adoption of electric vehicles and the growing demand for power-efficient, portable devices in automobiles. The use of DC-DC converters in electric vehicles for converting high voltage DC power from the battery to lower voltage DC power for various applications such as electric motors, lights, and dashboard instruments is expected to drive the demand for DC-DC converters in the automotive industry during the forecast period.

The industrial segment is expected to witness significant growth in the coming years due to the increasing adoption of automation and robotics in industries such as manufacturing, healthcare, and aerospace. DC-DC converters are widely used in industrial applications to regulate the voltage supply and ensure efficient power management. The growing need for energy-efficient industrial equipment, coupled with the increasing demand for renewable energy sources, is expected to drive the demand for DC-DC converters in the industrial sector.

Global DC-DC Converters Market Size By Type, 2022 (%), 2021 (%)

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Global DC-DC Converters Market Regional Insights

Due to the existence of significant producers and suppliers of electronic goods including smartphones, laptops, and electric cars, North America dominated the global market. The region also boasts a strong infrastructure and a high degree of technical development, which increases demand for DC-DC converters. In North America, the adoption of electric vehicles and renewable energy sources is anticipated to increase demand for DC-DC converters.

APAC is the fastest-growing region in the global DC-DC converter market, owing to the presence of major electronic device manufacturers in countries such as China, Japan, South Korea, and Taiwan. The region is characterized by a large population and increasing disposable income, which drives the demand for electronic devices, thereby fueling the growth of the DC-DC converter market. Additionally, the increasing adoption of renewable energy sources and electric vehicles in the region is expected to drive the demand for DC-DC converters in the coming years.

Global DC-DC Converters Market By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global DC-DC Converters Market Dynamics

DC-DC Converters Market Drivers

Increasing demand for electronic devices

  • One major driver of the global DC-DC converter market is the increasing demand for electronic devices, such as smartphones, laptops, and electric vehicles, which require efficient power management solutions. DC-DC converters are widely used in these devices to provide the correct voltage level for their operation, thereby increasing efficiency and extending battery life. The growth of renewable energy and electric vehicles is also expected to boost the demand for DC-DC converters, as these applications require efficient power management solutions to maximize energy output and minimize energy loss.

DC-DC Converters Market Restraints

High cost associated with the design and manufacturing

  • One major restraint of the global DC-DC converter market is the high cost associated with the design and manufacturing of these devices. The complex design of DC-DC converters requires specialized knowledge and expertise, which can increase the cost of production. Additionally, the availability of low-cost alternatives, such as linear regulators, can pose a challenge to the growth of the DC-DC converter market. Furthermore, the stringent regulatory requirements and standards for safety and electromagnetic interference (EMI) can also pose a challenge for manufacturers to comply with, increasing the cost and time-to-market.

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Global DC-DC Converters Market Competitive Landscape

The global DC-DC converter market is highly competitive, with several established players and new entrants competing for market share. Companies operating in the market are focusing on product innovation and development to meet the growing demand for efficient power management solutions. They are also investing in research and development activities to improve the performance and efficiency of DC-DC converters. Additionally, strategic partnerships and collaborations with other companies are also common in the market. Other key competitive strategies include mergers and acquisitions, geographic expansion, and pricing strategies, among others.

Top Player’s Company Profiles in DC-DC Converters Market

  • Texas Instruments Inc. (US)
  • Infineon Technologies AG (Germany)
  • Vicor Corporation (US)
  • STMicroelectronics N.V. (Switzerland)
  • TDK-Lambda Corporation (Japan)
  • Murata Manufacturing Co., Ltd. (Japan)
  • Maxim Integrated Products, Inc. (US)
  • ROHM Semiconductor (Japan)
  • Analog Devices, Inc. (US)
  • Delta Electronics, Inc. (Taiwan)
  • ON Semiconductor Corporation (US)
  • XP Power (Singapore)
  • Traco Electronic AG (Switzerland)
  • CUI Global, Inc. (US)
  • Cosel Co., Ltd. (Japan)
  • Bel Fuse Inc. (US)
  • Power Integrations, Inc. (US)
  • Ericsson AB (Sweden)
  • Flex Ltd. (Singapore)
  • RECOM Power GmbH (Germany)

DC-DC Converters Market Recent Developments

  • In March 2023, Texas Instruments Inc. announced the launch of its new isolated DC-DC converter, designed for use in medical and industrial applications.
  • In February 2023, CUI Global, Inc. announced a partnership with Mouser Electronics to distribute its DC-DC converters and other power management solutions.
  • In January 2023, Infineon Technologies AG announced the launch of its new DC-DC converter module, designed for use in automotive and industrial applications.
  • In August 2022, ON Semiconductor Corporation announced the launch of its new ultra-low-profile DC-DC converter, designed for use in wearable and portable devices.
  • In June 2022, Delta Electronics, Inc. announced a partnership with BMW to provide DC-DC converters for use in BMW's electric vehicles.
  • In May 2022, Vicor Corporation announced the launch of its new high-density DC-DC converter, offering high power density and high efficiency for use in telecom, data center, and automotive applications.

Global DC-DC Converters Key Market Trends

  • One key trend in the global DC-DC converter market is the increasing adoption of advanced packaging technologies, such as System-in-Package (SiP) and Multi-Chip Module (MCM), which enable the integration of multiple components and functions into a single package. This helps to reduce the size and weight of DC-DC converters, while improving their performance and efficiency. Additionally, the increasing demand for high-performance and reliable DC-DC converters is driving the development of new packaging technologies, such as 3D packaging and embedded packaging, which offer improved thermal management and higher power density.

Global DC-DC Converters Market SkyQuest Analysis

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

According to our global DC-DC converter market analysis, the market is expected to grow significantly in the coming years due to the increasing demand for electronic devices, such as smartphones and laptops, and the growing adoption of renewable energy and electric vehicles. DC-DC converters play a critical role in providing efficient power management solutions for these applications, thereby increasing their efficiency and extending their battery life. The market is highly competitive, with several established players and new entrants competing for market share. Key competitive strategies include product innovation, mergers and acquisitions, geographic expansion, and strategic partnerships. The market is also witnessing the adoption of advanced packaging technologies, such as SiP and MCM, which enable the integration of multiple components and functions into a single package.

Report Metric Details
Market size value in 2021 USD 11.40 billion
Market size value in 2030 USD 76.79 billion
Growth Rate 30.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Non-Isolated DC-DC Converters and Isolated DC-DC Converters
  • Application
    • Automotive and Industrial
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)
  • Infineon Technologies AG (Germany)
  • Vicor Corporation (US)
  • STMicroelectronics N.V. (Switzerland)
  • TDK-Lambda Corporation (Japan)
  • Murata Manufacturing Co., Ltd. (Japan)
  • Maxim Integrated Products, Inc. (US)
  • ROHM Semiconductor (Japan)
  • Analog Devices, Inc. (US)
  • Delta Electronics, Inc. (Taiwan)
  • ON Semiconductor Corporation (US)
  • XP Power (Singapore)
  • Traco Electronic AG (Switzerland)
  • CUI Global, Inc. (US)
  • Cosel Co., Ltd. (Japan)
  • Bel Fuse Inc. (US)
  • Power Integrations, Inc. (US)
  • Ericsson AB (Sweden)
  • Flex Ltd. (Singapore)
  • RECOM Power GmbH (Germany)
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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 Global DC-DC Converters 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 Global DC-DC Converters 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 Global DC-DC Converters 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 Global DC-DC Converters 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 Global DC-DC Converters Market:

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

Regional Analysis: Further analysis of the Global DC-DC Converters 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.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

DC-DC Converters Market size was valued at USD 11.40 billion in 2021 and is poised to grow from USD 12.10 billion in 2022 to USD 76.79 billion by 2030, growing at a CAGR of 30.2% in the forecast period (2023-2030).

The global DC-DC converter market is highly competitive, with several established players and new entrants competing for market share. Companies operating in the market are focusing on product innovation and development to meet the growing demand for efficient power management solutions. They are also investing in research and development activities to improve the performance and efficiency of DC-DC converters. Additionally, strategic partnerships and collaborations with other companies are also common in the market. Other key competitive strategies include mergers and acquisitions, geographic expansion, and pricing strategies, among others. 'Texas Instruments Inc. (US)', 'Infineon Technologies AG (Germany)', 'Vicor Corporation (US)', 'STMicroelectronics N.V. (Switzerland)', 'TDK-Lambda Corporation (Japan)', 'Murata Manufacturing Co., Ltd. (Japan)', 'Maxim Integrated Products, Inc. (US)', 'ROHM Semiconductor (Japan)', 'Analog Devices, Inc. (US)', 'Delta Electronics, Inc. (Taiwan)', 'ON Semiconductor Corporation (US)', 'XP Power (Singapore)', 'Traco Electronic AG (Switzerland)', 'CUI Global, Inc. (US)', 'Cosel Co., Ltd. (Japan)', 'Bel Fuse Inc. (US)', 'Power Integrations, Inc. (US)', 'Ericsson AB (Sweden)', 'Flex Ltd. (Singapore)', 'RECOM Power GmbH (Germany)'

One major driver of the global DC-DC converter market is the increasing demand for electronic devices, such as smartphones, laptops, and electric vehicles, which require efficient power management solutions. DC-DC converters are widely used in these devices to provide the correct voltage level for their operation, thereby increasing efficiency and extending battery life. The growth of renewable energy and electric vehicles is also expected to boost the demand for DC-DC converters, as these applications require efficient power management solutions to maximize energy output and minimize energy loss.

One key trend in the global DC-DC converter market is the increasing adoption of advanced packaging technologies, such as System-in-Package (SiP) and Multi-Chip Module (MCM), which enable the integration of multiple components and functions into a single package. This helps to reduce the size and weight of DC-DC converters, while improving their performance and efficiency. Additionally, the increasing demand for high-performance and reliable DC-DC converters is driving the development of new packaging technologies, such as 3D packaging and embedded packaging, which offer improved thermal management and higher power density.

Due to the existence of significant producers and suppliers of electronic goods including smartphones, laptops, and electric cars, North America dominated the global market. The region also boasts a strong infrastructure and a high degree of technical development, which increases demand for DC-DC converters. In North America, the adoption of electric vehicles and renewable energy sources is anticipated to increase demand for DC-DC converters.

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