DC-DC Converte Market Overview
The global DC-DC Converter Market is expected to grow at a CAGR of 11.50% during the forecast period, with market size projected to reach US$ 25.08 billion by 2030, according to the latest research. The market’s growth is primarily driven by the growing adoption of IoT technologies, energy-efficient solutions, and increased demand in electric vehicles, smart grids, and energy storage systems.
This report provides key insights into the market dynamics, including the impact of COVID-19 and its effects on revenue generation across different regions. While the lockdown had a varied impact on global market players, it has led to a notable shift in strategic initiatives, especially in the Asia Pacific region, where innovation in power conversion technologies is rapidly advancing.
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Dynamics of the DC-DC Converter Market:
An electromechanical device called a DC-DC converter is used to change the voltage level of a direct current (DC) source.
Some of the main drivers driving the market’s growth are the increasing use of IoT worldwide, the growing use of power conversion components in electronic devices, and the quick development of infrastructure such as smart grids, energy storage systems, and electric cars. It is anticipated that the expansion of satellite constellations worldwide would accelerate the growth of the global DC-DC converter market. The market is also impacted by the advancement of digital power management and control in conjunction with new power architecture.
Key Market Developments & Mergers and Acquisitions
Vietnam & Thailand have seen significant investments in DC-DC converter technologies, with local companies focusing on automotive power solutions and smart city infrastructure, including electric vehicle (EV) adoption. For instance, Murata Manufacturing Co. Ltd. has partnered with Vietnamese manufacturers to bolster its production of non-isolated converters for automotive systems.
Japan and South Korea are emerging as leaders in high-efficiency DC-DC converters with a strong focus on automotive and aerospace applications. Notably, Japan’s Fujitsu has acquired several power semiconductor companies to enhance its presence in the market, providing cutting-edge solutions for aviation and defense industries.
In Europe, mergers between companies like Vicor Corporation and Delta Electronics Inc. are aiming to combine technological expertise to develop more efficient and integrated power solutions for the satellite communication sector, driven by the increasing launch of satellite constellations.
The US market is seeing considerable growth due to military and defense applications, where companies like General Electric are expanding their DC-DC converter product lines for high-power density applications, targeting industries such as aerospace, telecommunications, and industrial robotics.
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Key Market Trends and Insights
Non-Isolated DC-DC Converters are expected to experience significant growth in the coming years. These converters, which provide cost-effective power conversion solutions, are being increasingly used in automotive systems, consumer electronics, and medical devices. Their lower cost, ease of integration, and better noise immunity make them a popular choice.
The 5V segment of the market is also set to dominate, driven by rising demand for electric vehicles, small UAVs, and medical equipment. These applications often require low input voltages that need to be stepped down to 5V for efficient power delivery.
Regional Analysis
Asia Pacific is projected to maintain its dominance in the DC-DC converter market due to rapid urbanization, infrastructure expansion, and the growing demand for power-efficient technologies in smart grids and electric vehicles. Countries like China, India, and South Korea are at the forefront, with significant contributions to global market share.
North America and Europe are also seeing steady growth, driven by the continuous need for advanced satellite communications and military applications. The US, in particular, remains a key market, with a surge in demand for efficient power management systems across aerospace and telecommunications sectors.
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DC-DC Converte Market Segmentation
by Form Factor
Quarter Brick
Eighth Brick
Half Brick
Full Brick
Sixteen Brick
by Output Voltage
3.3V
5V
12V
The growing need for consumer electronics, medical equipment, small UAVs, and electric vehicles, among other things, is expected to propel the 5V category to a leading position in the global dc-dc converter market. In order to power the boards that support the system, these verticals are powered by input voltages of 48V or less, which is normally needed to step down to a lower intermediate bus voltage, specifically to 12V, 5V, or even lower.
by Input Voltage
<40V
40-70V
>70V
by Output Number
Single Output
Dual Output
Three output
Multi-Output
by Product Type
Isolated
Non-isolated
by Sales Channel Direct
Indirect
by Verticals
Telecommunication
Server, Storage & Network
Industrial Robotics
Aerospace & Defense
Aircraft
DC-DC Converte Market Key Players
1. General Electric
2. Ericsson
3. Texas Instruments
4. Artesyn Embedded Technologies
5. Crane Aerospace and Electronics
6. Murata Manufacturing Co. Ltd.
7. Delta Electronics Inc.
8. Bel Fuse Corporation
9. Vicor Corporation
10.Wall Industries, Inc.
11.FDK Corporation
12.FUJITSU
13.ON Semiconductor
14.Cosel Co., Ltd
15.Traco Electronic AG
16.STMicroelectronics
17.Ericsson
18.Infineon Technologies AG
19.Vicor Corporation
20.TDK-Lambda Corporation
21.RECOM Power GmbH
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Key questions answered in the DC-DC Converte Market are:
Key Offerings:
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