Automotive AD Converter Market Overview
As per MRFR analysis, the Automotive AD Converter Market Size was estimated at 28.55 (USD Billion) in 2022. The Automotive AD Converter Market Industry is expected to grow from 32.99(USD Billion) in 2023 to 121.3 (USD Billion) by 2032. The Automotive AD Converter Market CAGR (growth rate) is expected to be around 15.56% during the forecast period (2024 - 2032).
The expanding automotive industry, advancements in autonomous driving technologies, and government regulations promoting electric vehicles drive the growth of the automotive AD Converter market. The increasing complexity of automotive systems and the need for high-precision data acquisition necessitate robust and efficient AD converters.
Recent trends indicate a shift toward high-speed and high-resolution AD converters to meet the evolving demands of advanced driver-assistance systems (ADAS) and emerging applications like vehicle-to-everything (V2X) communication. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) algorithms in automotive electronics drives the demand for AD converters with low latency and high bandwidth.
Key market opportunities lie in the development of AD converters tailored for specific automotive applications, such as battery management, powertrain control, and infotainment systems. The growing adoption of electric vehicles presents opportunities for AD converters designed to handle high-voltage and high-power applications. Moreover, the expansion of the aftermarket for automotive electronics and the increasing demand for retrofitting existing vehicles with ADAS features offer significant growth potential for the market.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive AD Converter Market Drivers
Rising Demand for Advanced Driver Assistance Systems (ADAS)
Driving the demand for automotive ad converters to support ADAS is the fast-paced adoption of the ADAS workloads. Automotive makers strive to provide information about the environment to the driver in their vehicles, while some take on the task of performing certain driving exercises. A variety of sensors and cameras are often used for this purpose. Ad converters are needed to convert analog sensor signals to digital signals that the vehicle computer can understand.In addition, the demand for the systems is driven by the increasingly diverse and impactful applications they are applied to and drive them, such as adaptive cruise control, which helps the vehicle to stop itself when it detects another vehicle in the lane when it becomes popular.
Increasing Adoption of Electric Vehicles
Shift Towards Electric Vehicles The shift towards electric vehicles is another key factor that is driving the growth of the automotive AD Converter market. Electric vehicles require different types of ad converters compared to their gasoline-powered counterparts. These converters need to be able to handle the higher voltages and currents that come with electric motors powering the vehicle. The growing popularity of battery-electric vehicles is expected to further increase the demand for automotive ad converters as BEVs require more ad converters compared to hybrid or plug-in hybrid vehicles.
Growing Demand for In-Vehicle Infotainment Systems
In addition, the rising popularity of in-vehicle infotainment systems is prompting the demand for automotive ad converters. These systems need high-quality ad converters to change analog audio and video signals to digital signals that are read by the car’s computer. Therefore, it can be concluded that the proliferation of touchscreens, navigation systems and rear-seat entertainment systems will be the key driver of the surge in demand for automotive ad converters in the years to come.
Automotive AD Converter Market Segment Insights
Automotive AD Converter Market Application Insights
The Automotive AD Converter Market is segmented by Application, including Passenger Cars, Commercial Vehicles, and Two-Wheelers. The Passenger Cars segment held the largest share of the market in 2023 and is anticipated to remain dominant during the forecast period. The expansion of the Passenger Cars segment throughout the forecast period can be attributed to the increasing deployment of advanced driver-assistance systems and infotainment systems in passenger cars. The Commercial Vehicle segment is also expected to witness significant growth during the forecast period as a result of the increasing popularity of the Fleet Management System and demand for telematics solutions in the automotive sector.The Two-Wheelers segment is expected to progress at a steady rate during the forecast period due to the increasing deployment of electric Two-Wheeler in the automotive industry and demand for safety systems. In 2023, the Automotive AD Converter Market revenue of the Passenger Cars segment was valued at USD15.43 billion and estimated to account for USD 59.48 billion by the end of 2032, with a CAGR of 15.9%. The Commercial Vehicle segment is forecast to reach USD 35.94 billion by 2032 from an estimated USD 10.23 billion in 2023, with a CAGR of 16.3%.The Two-Wheelers segment is anticipated to reach USD 13.85 billion by 2032 from USD 4.32 billion in 2023 at a CAGR of 14.9%. The expansion of the market is caused by several factors, including the increasing deployments of ADAS systems and infotainment systems, the expanding popularity of electric vehicles, and the increasing demand for fleet management systems. The market is also estimated to be supported by the increasing deployment of the autonomous driving system and the rising necessity of the connected vehicle.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive AD Converter Market Technology Insights
The Automotive AD Converter Market is on the verge of growth and among the technologies used in automotive ad converters the Buck-Boost Converters, Isolated Converters, and Non-Isolated Converters have acquired a notable position. The Buck-Boost Converters are known for their high efficiency and ability to operate both in buck and boost modes. The Isolated Converters are commonly used between the input and output, isolating the electrical connection, enhancing safety, and reducing noise. Non-Insulated converters are an ideal choice for lower-power applications because they can provide an economically efficient solution.In 2023, the Buck-Boost Converter segment was able to garner substantial revenue in the Automotive AD Converter Market due to its efficiency and ability to operate in various modes. However, the Isolated Converter segment is expected to display notable growth at the highest CAGR in the coming years. This growth is attributed to the demand for safety and reliability in automotive application systems. Meanwhile, the Non-Isolated Converter segment is predicted to display moderate growth at a consistent rate. The International Automotive AD Converter Market is being segmented such that the data can be used to aid business decisions.The distribution approach will also help differentiate the important distributors and identify resources for this proper allocation of production targets. The Automotive AD Converter Market Segmentation equips proper trading of goods with the available market analysis, which includes all the details related to the business market. The data also helps pick out target markets, which can become an important factor in properly distributing goods in the market.
Automotive AD Converter Market Output Voltage Insights
The Automotive AD Converter Market is segmented by Output Voltage into 12V, 24V, 48V, and High Voltage (>48V). Among these, the 12V segment held the largest market share in 2023, accounting for over 60% of the global market. The 12V segment is expected to continue to dominate the market over the forecast period, owing to its widespread adoption in passenger cars and light commercial vehicles. The 24V segment is expected to witness significant growth over the forecast period, driven by the growing popularity of electric and hybrid vehicles.The 48V segment is also expected to grow at a healthy pace, supported by the increasing adoption of mild hybrid vehicles. The High Voltage (>48V) segment is expected to witness the highest growth rate over the forecast period, driven by the development of new electric and hybrid vehicles with higher voltage systems.
Automotive AD Converter Market Architecture Insights
The Automotive AD Converter Market is segmented by Architecture into Standalone Converters and Integrated Converters. Standalone converters are expected to hold a larger market share in 2023 due to their lower cost and simpler design. However, integrated converters are expected to grow at a faster CAGR during the forecast period due to their smaller size and lower power consumption.
The Automotive AD Converter Market for Standalone Converters is expected to reach USD 15.89 billion by 2024, growing at a CAGR of 14.5%. The Integrated Converters segment is expected to reach USD 17.1 billion by 2024, growing at a CAGR of 16.3%.The growth of the integrated converters segment is attributed to the increasing demand for ADAS and autonomous driving systems, which require high-performance and low-power converters.
Automotive AD Converter Market Regional Insights
The regional segmentation of the Automotive AD Converter Market offers valuable insights into market dynamics across various geographies. North America is projected to dominate the market due to the presence of major automotive manufacturers and the high adoption of advanced automotive technologies. In 2023, the region accounted for $X billion in revenue. The European market is expected to follow closely, driven by government regulations promoting electric and hybrid vehicles. The Asia-Pacific region is witnessing significant growth due to rising automobile production and increasing disposable incomes.South America and the Middle East and Africa (MEA) regions hold potential for future growth with expanding automotive industries.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive AD Converter Market Key Players And Competitive Insights
The key participants in the Automotive AD Converter Market are extensively trying to increase their exposure by investing heavily in their production and development capabilities. The top participants in the Automotive AD Converter Market are positioned at the forefront of the supply chain and automotive industry. The overall surge in the automotive AD converter market industry is caused by the increasing demand for advanced driver assistance systems and the rising popularity of autonomous vehicles. The industry environment is likely to remain fragmented, with a significant number of firms remaining relevant.
An example of a prominent participant in the Automotive AD Converter Market is Texas Instruments. Texas Instruments is a global leader in the automotive industry, working with third-party manufacturers and the leading industries in the sector. The company is a credible international provider of automotive-grade analog and mixed-signal integrated circuits. The mainstream vehicles rely on the range of the Automotive AD Converter Market solutions, such as high-speed data converters, precision amplifiers, and stable voltage regulators.
The company remains compliant and trustworthy to guarantee the stable performance and innovation of the leading automotive manufacturers. Therefore, Texas Instruments remains a highly active participant in the Automotive AD Converter Market. Another highly active participant in the automotive AD converter market is a firm known as Analog Devices. Analog Devices is a highly competent provider of high-performance analog, mixed-signal, and digital solutions. The company is partly involved in the Automotive AD Converter Market as it provides ADCs, DACs, amplifiers, and power management technologies.
Key Companies in the Automotive AD Converter Market Include
- Renesas Electronics
- Rohm Semiconductor
- Broadcom
- Diodes Incorporated
- TI
- Vicor Corporation
- Microchip Technology
- NXP Semiconductors
- ON Semiconductor
- Infineon Technologies
- Analog Devices
- STMicroelectronics
- Power Integrations
- Toshiba
- Maxim Integrated
Automotive AD Converter Market Industry Developments
Recent developments in the Automotive AD Converter Market include a surge in demand for electric vehicles, driving the need for advanced power electronics. Strategic collaborations and acquisitions are shaping the market landscape, with companies such as Infineon Technologies AG and Texas Instruments Inc. strengthening their positions. Technological advancements, including the adoption of wide bandgap semiconductors and enhanced packaging techniques, are enhancing the efficiency and performance of ad converters. Government regulations promoting electric vehicle adoption and fuel economy standards are further propelling market growth. Key market participants are focusing on developing innovative solutions to meet the evolving requirements of the automotive industry.
Automotive AD Converter Market Segmentation Insights
Automotive AD Converter Market Application Outlook
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
Automotive AD Converter Market Technology Outlook
- Buck-Boost Converters
- Isolated Converters
- Non-Isolated Converters
Automotive AD Converter Market Output Voltage Outlook
- 12V
- 24V
- 48V
- High Voltage (>48V)
Automotive AD Converter Market Architecture Outlook
- Standalone Converters
- Integrated Converters
Automotive AD Converter Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
28.55(USD Billion) |
| Market Size 2023 |
32.99(USD Billion) |
| Market Size 2032 |
121.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
15.56% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Renesas Electronics, Rohm Semiconductor, Broadcom, Diodes Incorporated, TI, Vicor Corporation, Microchip Technology, NXP Semiconductors, ON Semiconductor, Infineon Technologies, Analog Devices, STMicroelectronics, Power Integrations, Toshiba, Maxim Integrated |
| Segments Covered |
Application, Technology, Output Voltage, Architecture, Regional |
| Key Market Opportunities |
Rapid growth in electric vehicles Increasing demand for advanced driver-assistance systems ADAS Government regulations mandating higher fuel efficiency and reduced emissions Rising consumer demand for connected and autonomous vehicles Technological advancements in power electronics |
| Key Market Dynamics |
Rising demand for advanced driver assistance systems ADAS Increasing adoption of electric and hybrid vehicles Government regulations promoting vehicle electrification Technological advancements in the semiconductor industry Growing popularity of in-vehicle entertainment systems |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive AD Converter Market is expected to reach a valuation of USD 32.99 billion in 2023.
The Automotive AD Converter Market is projected to reach a valuation of USD 121.3 billion by 2032, exhibiting a CAGR of 15.56% during the forecast period from 2024 to 2032.
The Asia-Pacific region is anticipated to dominate the Automotive AD Converter Market throughout the forecast period, primarily due to the increasing production and sales of automobiles in countries such as China and India.
Automotive Ad Converters find applications in various automotive systems, including engine management, transmission control, and infotainment systems. They are crucial for converting analog signals from sensors and actuators into digital signals that can be processed by electronic control units (ECUs).
Some of the prominent players in the Automotive AD Converter Market include Infineon Technologies AG, Analog Devices, Inc., Texas Instruments Incorporated, NXP Semiconductors NV, and STMicroelectronics.
The growth of the Automotive AD Converter Market is primarily driven by the increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles. These systems rely heavily on sensors and actuators, which require accurate and reliable analog-to-digital conversion.
The Automotive AD Converter Market faces challenges related to the stringent quality and reliability requirements imposed by the automotive industry. Additionally, the development of cost-effective and power-efficient Ad Converters remains an ongoing challenge for manufacturers.
Key trends shaping the Automotive AD Converter Market include the adoption of wide bandgap semiconductors, the integration of artificial intelligence (AI) and machine learning (ML) algorithms, and the development of automotive-grade Ad Converters that meet the harsh environmental conditions in vehicles.
The advent of autonomous vehicles is expected to have a significant impact on the Automotive AD Converter Market. These vehicles require a large number of sensors and actuators, which will drive the demand for high-performance and reliable Ad Converters.
Growth opportunities in the Automotive AD Converter Market lie in the development of innovative AD Converter architectures, the integration of advanced packaging technologies, and the expansion into emerging markets with growing automotive production.
