Home > Automotive > Automotive Parts > Interior Parts > Automotive 48V System Market

Automotive 48V System Market Share

Report ID: GMI11782
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Automotive 48V System Company Market Share

Continental AG, Infineon Technologies, and BorgWarner collectively held a substantial market share of over 11% in the automotive 48V system industry in 2023. Continental is advancing its 48V mild hybrid systems to boost fuel efficiency and reduce CO2 emissions. Leveraging its expertise in power electronics and electric motors, the company is developing scalable and modular 48V solutions for cost-effective integration across a diverse range of vehicles. By collaborating with OEMs, Continental aims to enhance energy recuperation and optimize hybrid system performance.

Infineon Technologies prioritizes power efficiency in its 48V system solutions by developing advanced semiconductor components such as MOSFETs and power ICs. These innovations improve energy efficiency and enable higher power densities in electric vehicles. Infineon partners with automotive manufacturers to deliver customized, reliable solutions that meet safety standards and enhance vehicle energy management.

BorgWarner is committed to providing innovative 48V hybrid solutions, including electric motors and power electronics, to enhance vehicle performance and fuel efficiency. Focusing on the growing hybrid and mild-hybrid vehicle market, BorgWarner is expanding its product range through strategic acquisitions and collaborations with OEMs. The company is also advancing technologies like eBooster and integrated drive modules to support the adoption of 48V systems.

Major players operating in the automotive 48V system industry are:

Aptiv PLC
BorgWarner
Continental AG
Denso Corporation
Infineon Technologies
Magna International
Panasonic
Robert Bosch
Valeo
ZF Friedrichshafen

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive 48V system reached USD 4.8 billion in 2023 and is set to grow at a 24.1% CAGR from 2024 to 2032, driven by the rising demand for hybrid and electric vehicles.

The belt-driven segment accounted for over 40% of the market share in 2023 and is expected to exceed USD 15 billion by 2032, due to its cost-effectiveness and seamless integration with existing ICE designs.

The passenger cars segment held around 84% of the market share in 2023, led by higher production volumes and the need for improved fuel efficiency and reduced emissions.

The Asia Pacific market is projected to cross USD 14 billion by 2032, supported by a robust automotive manufacturing base and government initiatives for vehicle electrification.

Major players in the industry include Aptiv PLC, BorgWarner, Continental AG, Denso Corporation, Infineon Technologies, Magna International, Panasonic, Robert Bosch, Valeo, and ZF Friedrichshafen.