DC-DC Converter Market Size Report, Industry Share, Analysis, Growth, 2032

DC-DC Converter Market Industry Analysis

The global DC-DC Converter Market size was valued at USD 5.33 Billion in 2023 and is predicted to reach USD 9.72 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.9% during the forecast period. The report analyzes the global DC-DC Converter Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the DC-DC Converter industry.

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Global DC-DC Converter Market: Overview

An electronic circuit that converts a source of direct current for one voltage level to another is known as a DC-DC converter. It is a kind of electric power converter where power ranges from very low to very high. DC-DC converters are used in the portable devices such as computers, cellular phones, and laptop. The power is primarily supplied through batteries. These electronic devices have their own sub-circuits with its own voltage level. When the stored energy in the battery gets exhausted the battery voltage gets declined. Switched DC-DC converters will provide a method to raise the voltage from a partially lowered battery voltage. The majority DC-DC converter circuits regulate the output voltage. A large number of DC-DC converters are commonly designed to flow current in one direction from dedicated input to output. However, switching converters are designed to move current in both the directions; they are electronically complex in nature.

Global DC-DC Converter Market: Growth Factors

The rise in the number of satellite constellations across the world is anticipated to fuel the global DC-DC converter market growth. Space organizations are heavily investing in the power efficient devices which positively enhance the market growth. The emergence of the digital power management and control coupled with new power architecture also influences the DC-DC converter market. Space power industry is engaged in the various space programs and satellite launches by the different space organizations which will drive the procurement of power efficient DC-DC converters for space.

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Global DC-DC Converter Market: Segmentation

The global DC-DC converter market is classified based on the output voltage, application, output power, and regions. The output voltage segment is segregated into 12 VDC, 3.3 VDC, 15 VDC, 5 VDC, and others. Based on the application the market is classified into navigation, surveillance, scientific research, communication, and remote sensing. The communication application segment is the largest among others due to increasing launches of the communication satellites globally. The output power segment is divided into >100W, 20-40W, <20W, and 40-100W. The geographical segmentation of the global DC-DC market is given as North America, Asia-Pacific, Europe, and Rest of the World.

DC-DC Converter Market: Report Scope

Global DC-DC Converter Market: Regional Analysis

Asia-Pacific is expected to grow at fastest rate owing to rapid urbanization, rise in income, and increase in population. Escalating growth in the use of paid TV channels may lead to the rise in demand for technologically advanced and effective satellite launch along with power efficient devices. Fresh changes in regulations of the U.S. export administration in space industry are expected to augment the market for DC-DC converters internationally. North America emerges as another lucrative market for the DC-DC converter that is followed by Europe.

Global DC-DC Converter Market: Competitive Players and Segments

Kay market players dominating the global DC-DC converter market include

• Advanced Energy Industries, Inc. (U.S.)
• Analog Devices, Inc. (U.S.)
• ABB (Switzerland)
• Crane Holdings, Co. (U.S.)
• Delta Electronics, Inc. (Taiwan)
• Flex Ltd (Singapore)
• Infineon Technologies AG (Germany)
• Murata Manufacturing Co., Ltd. (Japan)
• NXP Semiconductor (Netherlands)
• Renesas Electronics Corporation (Japan)
• Skyworks Solutions, Inc. (U.S.)
• STMicroelectronics (Switzerland)
• TDK Corporation (Japan)
• Texas Instruments Incorporated (U.S.)
• Vicor Corporation (U.S.)

By Type

• Isolated
• Non-Isolated

By Input Voltage

• Upto 40V
• 40V to 100V
• 100V to 500V
• 500V to 1000V

By Output Voltage

• Upto 100V
• 100V to 500V
• 500V to 1000V

By End-user

• Automotive
• Telecommunication
• Consumer Electronics
• Energy & Power
• Aerospace & Defense
• Healthcare
• and Others

Global DC-DC Converter Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.