DC-DC Converter Market Soars with Impressive 11.59% CAGR, Reaching USD 18.23 Billion By 2030 Industry Outlook, Trends and Report Analysis-MRFR
Research Reports
Aug 23, 2023
Market Research Future Insights:
DC-DC Converter Market Achieves Remarkable USD 18.23 Billion Valuation, Anticipates Striking 11.59% CAGR Growth from 2020 to 2030.
A DC-DC converter is a device, whether electromechanical or electronic, designed to alter the voltage level of a direct current (DC) source. These converters find application in efficiently generating a controlled voltage from a direct current source, which may or may not have effective regulation. For instance, they can convert solar-generated electricity to a connected load, irrespective of the source’s controlled or uncontrolled nature. Through closed feedback loops, these converters maintain a consistent voltage output even when faced with fluctuating input voltages and output currents. Throughout the study period, specific market segments played a pivotal role in propelling the global DC-DC converter market forward.
Since less loads are needed to operate at 3 VDC, a stable CAGR growth is projected during the assessment period. The satellite power control units also make considerable use of this voltage range. The 24 VDC, on the other hand, is anticipated to see the highest CAGR over the review period. This segment has a number of loads, including the payload, power, and data handling unit (PPDHU), which runs on 24 VDC and is a telemetry and telecommand (TCTM) unit, magnetometer, reaction wheel (RW), and load. Additionally, the biggest CAGR growth is projected for the 20-40 W converter during the study period.
Due to the integration of 20 to 40 W DC-DC converters with the growing number of tiny satellites being deployed in low Earth orbit, this segmental converter is driving the market expansion. For instance, it is anticipated that the 20 W converter will exhibit a consistent CAGR during the research period. Due to its important characteristics, such as its availability in dual or single output variants, a wide input voltage range, and a very low leakage current, this market is expanding.
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Key Players
Synqor Inc. (US), Thales Group (France), Crane Aerospace and Electronics (US), Asp Equipment GmbH (Germany), Airbus SAS (Netherlands), Vicor Corporation (US), VPT Power Inc. (US), Infineon Technologies AG (Germany), Steel S.P.A (Italy), Microsemi Corporation (US), UTC Aerospace Systems (US), Texas Instruments (US)
Market Segmentation
The output voltage, output power, and application are just a few examples of the different market segments that make up the global DC-DC Converter Market Trends.
The global DC-DC converter market has been divided into three output power categories namely 20-40 W, 20 W, and 40–100 W. The 40-100 W sector has the biggest market share for DC-DC converters overall in 2018. A differential remote sense, remote off or on control with optional logic polarity, industry-standard output voltage adjustment with the use of an external resistor, and an under-voltage lockout are just a few of the features offered by the 40-100 W converter (UVLO).
Based on the output voltage segment, the global DC-DC converter market has been divided into 24 VDC, 5 VDC, and 3 VDC. The 5 VDC market was reported to have the greatest market share for DC-DC converters in 2018. Major loads include response wheel assemblies (FOG), wheel drive electronics (WDE), fine sun sensor (FSS), attitude control computer (ACC), onboard computer (OBC), and wheel drive electronics (WDE), all of which run on 5 VDC.
Based on the application sector, the current DC-DC converter market has been divided into communication, surveillance, remote sensing, and navigation. Due to increasing investments in the development of communication satellites by military, commercial, and governmental organisations worldwide, the communication segment was observed to lead the global DC-DC converter market trends in 2018. On the other hand, the navigation segment is anticipated to increase at a faster rate during the analysis period due to the increasing globalisation of advanced navigation.
Regional Analysis
The current market has numerous geographic regions covered, including Europe, the Middle East and Africa, Asia-Pacific, North America, and Latin America, according to the DC-DC Converter Market Forecast research. The North American regional market was anticipated to dominate the DC-DC converter market in 2018 and is anticipated to hold this position throughout the study duration. This area is growing as a result of increased spending by various private companies and space organisations on the production of cutting-edge satellites. Furthermore, the expansion of space exploration operations in Germany, Russia, France, and the UK is expected to make the European DC-DC Converter Market the second-largest market throughout the projection period. Major players like Infineon Technologies AG, Thales Group, Asp Equipment GmbH, and Airbus SAS are also present in this region, which is promoting the expansion of the DC-DC converter market there.
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Israel, the United Arab Emirates, and Saudi Arabia are also part of the Middle East and Africa market. Due to Saudi Arabia and the UAE’s growing need for communications and navigation satellites, this regional market is growing. In addition, the increased use of satellite imaging for monitoring deforestation, controlling illegal migration, and gathering intelligence on drug trafficking and rebel groups in the region is fueling the growth of the Latin American DC-DC Converter Market.
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