The global automotive 48V system market was valued at $2,227.70 million in 2019, and is projected to reach $21,002.99 million by 2027, registering a CAGR of 26.5% from 2020 to 2027. By vehicle class, the mid vehicle class segment was the highest revenue contributor in 2019, accounting for $874.92 million, and is estimated to reach $7,731.48 million by 2027, registering a CAGR of 25.7% during the forecast period. In 2019, Asia-Pacific was anticipated to account for major market share.

The 48V system market opens up more cost-effective opportunities for hybridization by enabling a wide variety of different vehicle functions, from boosting engine performance to supplying the growing number of electrical consumers to powering functions. The primary purpose of this new voltage level is to reduce CO2 emissions by means of recuperation and start-stop features and to power electrical components classed as high-power loads (such as air-conditioning compressors, electrical heaters, pumps, and steering drives). Moreover, the deployment of 48-Volt technology, providing additional torque enables more dynamic handling and performance.

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Major Market Players:
• BorgWarner Inc
• Robert Bosch GmbH
• CONTINENTAL AG
• Dana Limited
• Delphi Technologies
• GKN (Melrose Industries PLC)
• Lear Corporation
• Magna International Inc
• MAHLE Powertrain Ltd
• Valeo

The 48V system architecture is designed with a structure that adds a new electric motor and 48V battery onto the combustion engine and normal 12V battery. The automotive 48V system consists of the primary component unit that includes three main components such as a Belt Alternator Starter (also called a Belt-driven Starter Generator or Motor Generator Unit, MGU), a DC-to-DC converter, and a higher voltage battery, and also other components such as 48v inverter, power distribution boxes, electric motor/generator, and E-charger. The automotive 48V system market trends are decided on the basis of forecast from 2020 to 2027.

The global automotive 48V system market is driven by increase in demand for hybrid and electric vehicle and rise in demand for 48V battery system. However, high cost of system in vehicles and rise in sale of battery electric vehicles restrain the growth of the market. Furthermore, increased safety & comfort features in vehicles and reduction of CO2 emission to meet future emission legislations are anticipated to provide lucrative growth opportunities for the players operating in the automotive 48v system market.

COVID Impact Analysis: With the advent in COVID-19 pandemic across the globe, the global automotive 48v system market has been affected as the manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. Also, the unavailability of skilled labor has affected the market but the global automotive 48v system market is expected to register a significant growth in the near future owing to its rising technology adoptions in many vehicles of the developed countries.

The global automotive 48V system market is segmented on the basis of architecture, vehicle class, and region. Belt Driven (P0), Crankshaft Mounted (P1), Dual-clutch transmission-mounted /input shaft of transmission (P2/P3), and transmission output shaft/ rear axle (P4) are studied under the architecture segment. Entry, mid, premium, and luxury are categorized under the vehicle class. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The 48V batteries are widely used in hybrid cars and electric vehicles for driving the vehicle as well as for lighting system, pumps, and other applications. Furthermore, the 48V battery system hybrid solution is more cost-effective than the conventional battery-powered electric vehicle to reduce the emission. In addition, the 48V battery systems get charged quickly and batteries lasts for a longer period compared to conventional batteries. As the 48V battery comprises a crucial component of the automotive 48V system, most battery manufacturers have begun developing 48V batteries. For instance, Johnson Controls offers 48V battery systems for mild HEVs for use with 48V motors and electronics to deliver 15% more fuel economy over conventional vehicles. Therefore, the development of 48V battery system is expected to drive the growth of the automotive 48v system market in the near future.

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Key Benefits For Stakeholders
• This study presents analytical depiction of the automotive 48v system market analysis along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
• The current automotive 48V system market size is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the hybrid vehicle industry.

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