Automotive 48V System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global automotive 48V system market is on the cusp of significant expansion, driven by the worldwide transition towards hybrid and electric vehicles. As the automotive industry evolves, there is a marked shift from traditional 12V DC systems to advanced 48V systems, essential for supporting the power demands of modern engine designs in premium, mid-range, and luxury vehicles.

Key Drivers of Market Expansion

Transition from 12V to 48V Systems

The reliance on 12V DC systems is rapidly diminishing as automotive manufacturers adopt more power-consuming engine designs. The 48V systems are becoming crucial in offsetting resistive losses, thereby enhancing the overall efficiency and performance of vehicles. This shift is significantly supporting the expansion of the automotive 48V system market.

Rising Ownership of Luxury Vehicles

The increasing ownership of luxury vehicles is further propelling the demand for 48V systems. These vehicles often come equipped with advanced infotainment systems that consume substantial power, necessitating a robust electrical input. Consequently, the adoption of 48V systems in luxury vehicles is witnessing a significant surge.

Automotive 48V System Market Trends

48V Systems for Improved Fuel Economy

Amid growing environmental concerns, the global focus on reducing fuel consumption and carbon emissions is intensifying. Automotive manufacturers are increasingly investing in hybrid and electric vehicle production to meet these sustainability goals. The adoption of 48V electrical systems plays a pivotal role in improving fuel economy, particularly in 'mild hybrid' vehicles, achieving efficiency gains of up to 20%.

Robust Government Legislation

Governments worldwide are implementing stringent regulatory frameworks to curb fossil fuel emissions and promote sustainable development. These legislations are significantly boosting the automotive 48V system market. For instance, Denmark's Climate Act and similar initiatives in other regions are fostering a conducive environment for the growth of the 48V system market.

Maximum Uptake in Luxury Vehicles

The luxury vehicle segment is witnessing the highest uptake of 48V systems. With rising disposable incomes, consumers are increasingly investing in luxury automobiles. Major manufacturers like Mercedes Benz and BMW are reporting substantial sales, particularly in regions like China, enhancing the market prospects for 48V systems. These systems are essential for powering the advanced electrical and infotainment systems in luxury vehicles.

Regional Outlook of Automotive 48V System Market

Asia Pacific

Asia Pacific is expected to be the most lucrative region for the automotive 48V system market. China, in particular, offers significant growth opportunities due to the presence of major automotive manufacturers and the introduction of models like Chevrolet's Orlando variant with 48V mild hybrid technology. India also presents promising opportunities, driven by rising living standards and increasing disposable incomes.

Europe

Europe is poised for substantial growth, with Germany leading the way. The continent's commitment to reducing carbon emissions is driving the adoption of 48V systems. German OEMs like Volkswagen are actively contributing to this growth, ensuring the region's dominance in the global market.

North America

North America is also a key region for the automotive 48V system market. The focus on reducing greenhouse gas emissions and the transition towards cleaner energy sources are fostering market growth. The presence of major automotive manufacturers and the introduction of new models equipped with 48V systems are further enhancing the market prospects.

Impact of COVID-19 on Automotive 48V System Market

The COVID-19 pandemic has had a profound impact on the global economy, including the automotive sector. However, the automotive 48V system market is expected to weather the storm, driven by the increasing demand for hybrid and electric vehicles. Manufacturers are securing their supply chains to mitigate potential disruptions, ensuring the continued growth of the market.

The pandemic has also accelerated the demand for mild-hybrid vehicles, particularly in regions like China and Europe. These vehicles offer greater efficiency and lower running costs, fueling the demand for 48V systems. Additionally, the rising demand for electric vehicles is sustaining the market throughout the pandemic. Initiatives such as the construction of new EV charging points in China are indicative of the burgeoning investment in this sector.

Automotive 48V System Market: Prominent Players

The automotive 48V system market is characterized by the presence of several prominent players, including:

Continental AG
Bayerische Motoren Werke AG
Delphi Technologies
Ford Motors Company
Honda Motor Company
Hyundai Motor Company
Magna International Inc.
MAHLE GmbH
Mazda Motor Corporation
Mitsubishi Motors
Schaeffler AG
BorgWarner Inc.
DENSO CORPORATION
Hella Gmbh & Co. Kgaa
Hitachi Automotive Systems, Ltd.
Robert Bosch GmbH

These companies are focusing on continuous technological advancements, strategic collaborations, joint ventures, and product launches to expand their market presence.

Analysts' Viewpoint

The automotive 48V system market is poised for robust growth, driven by the increasing demand for fuel and engine efficiency in modern vehicles. The shift towards renewable energy sources is further propelling the market. As governments worldwide implement stringent regulations to reduce carbon emissions, the adoption of 48V systems is set to rise, providing significant growth opportunities for market players.

Key Segments of Global Automotive 48V System Market

The automotive 48V system market can be segmented based on architecture, end use, and region.

Architecture

Belt-driven
Crankshaft-mounted
Dual-clutch Transmission-mounted
Transmission Output Shaft

End Use

Entry-level Vehicles
Mid-Premium Level Vehicles
Luxury Vehicles

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

1. Executive Summary

1.1. Global Automotive 48V System Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019 - 2023

3.1. Global Automotive 48V System Production Output, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2023

4.1. Global Average Price Analysis, by Architecture, US$ Per Unit, 2023
4.2. Prominent Factor Affecting Automotive 48V System Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit, 2023

5. Global Automotive 48V System Market Outlook, 2019 - 2031

5.1. Global Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Crankshaft-mounted
  - 5.1.1.2. Dual-clutch Transmission-mounted
  - 5.1.1.3. Belt-driven
  - 5.1.1.4. Transmission Output Shaft
5.2. Global Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Entry-level Vehicles
  - 5.2.1.2. Mid-Premium Level Vehicles
  - 5.2.1.3. Luxury Vehicles
5.3. Global Automotive 48V System Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Automotive 48V System Market Outlook, 2019 - 2031

6.1. North America Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Crankshaft-mounted
  - 6.1.1.2. Dual-clutch Transmission-mounted
  - 6.1.1.3. Belt-driven
  - 6.1.1.4. Transmission Output Shaft
6.2. North America Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Entry-level Vehicles
  - 6.2.1.2. Mid-Premium Level Vehicles
  - 6.2.1.3. Luxury Vehicles
6.3. North America Automotive 48V System Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.2. U.S. Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.3. Canada Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.4. Canada Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive 48V System Market Outlook, 2019 - 2031

7.1. Europe Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Crankshaft-mounted
  - 7.1.1.2. Dual-clutch Transmission-mounted
  - 7.1.1.3. Belt-driven
  - 7.1.1.4. Transmission Output Shaft
7.2. Europe Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Entry-level Vehicles
  - 7.2.1.2. Mid-Premium Level Vehicles
  - 7.2.1.3. Luxury Vehicles
7.3. Europe Automotive 48V System Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.2. Germany Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.3. U.K. Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.4. U.K. Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.5. France Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.6. France Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.7. Italy Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.8. Italy Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.9. Turkiye Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.10. Turkiye Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.11. Russia Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.12. Russia Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.13. Rest of Europe Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.14. Rest of Europe Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive 48V System Market Outlook, 2019 - 2031

8.1. Asia Pacific Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Crankshaft-mounted
  - 8.1.1.2. Dual-clutch Transmission-mounted
  - 8.1.1.3. Belt-driven
  - 8.1.1.4. Transmission Output Shaft
8.2. Asia Pacific Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Entry-level Vehicles
  - 8.2.1.2. Mid-Premium Level Vehicles
  - 8.2.1.3. Luxury Vehicles
8.3. Asia Pacific Automotive 48V System Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.2. China Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.3. Japan Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.4. Japan Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.5. South Korea Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.6. South Korea Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.7. India Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.8. India Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.9. Southeast Asia Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.10. Southeast Asia Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.11. Rest of Asia Pacific Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.12. Rest of Asia Pacific Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive 48V System Market Outlook, 2019 - 2031

9.1. Latin America Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Crankshaft-mounted
  - 9.1.1.2. Dual-clutch Transmission-mounted
  - 9.1.1.3. Belt-driven
  - 9.1.1.4. Transmission Output Shaft
9.2. Latin America Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Entry-level Vehicles
  - 9.2.1.2. Mid-Premium Level Vehicles
  - 9.2.1.3. Luxury Vehicles
9.3. Latin America Automotive 48V System Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.2. Brazil Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.3. Mexico Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.4. Mexico Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.5. Argentina Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.6. Argentina Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.7. Rest of Latin America Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.8. Rest of Latin America Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive 48V System Market Outlook, 2019 - 2031

10.1. Middle East & Africa Automotive 48V System Market Outlook, By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Crankshaft-mounted
  - 10.1.1.2. Dual-clutch Transmission-mounted
  - 10.1.1.3. Belt-driven
  - 10.1.1.4. Transmission Output Shaft
10.2. Middle East & Africa Automotive 48V System Market Outlook, By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Entry-level Vehicles
  - 10.2.1.2. Mid-Premium Level Vehicles
  - 10.2.1.3. Luxury Vehicles
10.3. Middle East & Africa Automotive 48V System Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.2. GCC Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.3. South Africa Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.4. South Africa Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.5. Egypt Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.6. Egypt Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.7. Nigeria Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.8. Nigeria Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Automotive 48V System Market By Architecture, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Automotive 48V System Market By End Use, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2023
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Bayerische Motoren Werke AG
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Architecture Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Delphi Technologies
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Architecture Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. Ford Motor Company
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Architecture Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Honda Motor Company
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Architecture Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. Hyundai Motor Company
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Architecture Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. Robert Bosch GmbH
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Architecture Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. Mahle GmbH
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Architecture Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Magma International, Inc.
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Architecture Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. Mazda Motor Corporation
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Architecture Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. Mitsubishi Motors
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Architecture Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development
- 11.3.11. Schaeffler AG
  - 11.3.11.1. Company Overview
  - 11.3.11.2. Architecture Portfolio
  - 11.3.11.3. Financial Overview
  - 11.3.11.4. Business Strategies and Development
- 11.3.12. BorgWarner, Inc.
  - 11.3.12.1. Company Overview
  - 11.3.12.2. Architecture Portfolio
  - 11.3.12.3. Financial Overview
  - 11.3.12.4. Business Strategies and Development
- 11.3.13. Hitachi Automotive Systems, Ltd.
  - 11.3.13.1. Company Overview
  - 11.3.13.2. Architecture Portfolio
  - 11.3.13.3. Financial Overview
  - 11.3.13.4. Business Strategies and Development
- 11.3.14. Continental AG
  - 11.3.14.1. Company Overview
  - 11.3.14.2. Architecture Portfolio
  - 11.3.14.3. Financial Overview
  - 11.3.14.4. Business Strategies and Development
- 11.3.15. DENSO CORPORATION
  - 11.3.15.1. Company Overview
  - 11.3.15.2. Architecture Portfolio
  - 11.3.15.3. Financial Overview
  - 11.3.15.4. Business Strategies and Development
- 11.3.16. Hella GmbH & Co., KgaA
  - 11.3.16.1. Company Overview
  - 11.3.16.2. Architecture Portfolio
  - 11.3.16.3. Financial Overview
  - 11.3.16.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations