Automotive 48V System

Automotive 48V System Market Size To Amass USD 22.3 Billion By 2027


The automotive 48V system market size is estimated to reach US$ 22.3 billion by the end of 2027, registering a CAGR of 26.3% from 2020 to 2027. The report provides the overall revenue of the global automotive 48V system market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Report Highlights

  • The Asia Pacific emerged as the global leader in 2019 owing to significant consumer base along with increasing penetration of battery-powered vehicles in the region
  • Europe and North America are following the Asia Pacific in terms of market growth owing to government support and well-developed transport infrastructure in the regions
  • In 2019, mid-sized vehicle segment captured the maximum value share attributed to the increasing preference for vehicles with improved fuel economy as well as increasing awareness among the people for battery-driven cars
  • By architecture, belt driven segment occupied the major revenue share of nearly 40% in 2019 and expected to witness prominent growth of around 24% over the forecast period

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Growth Factors

Low cost of 48V technology that makes them a cost-effective solution for automotive Original Equipment Manufacturers (OEMs) expected to surge the demand of 48V system across the globe. This has broadened the scope for 48V technology in low-powered BEVs and mild hybrids. An electrical system forms crucial parts of these vehicles, as well as low cost associated to the 48V systems allow OEMs to cut the upfront costs of their vehicle. Consequently, the low-cost feature of automotive 48V technology expected to boost their demand across the world over the analysis period, especially through 48V mild hybrids.

In addition, to achieve the emission standards, OEMs are highly focused towards the implementation of lightweight designs, electronic units, and electrification of powertrains in the new vehicle models. Moreover, rising demand for increased safety & comfort that include power steering, heated seats, and Advanced Driver Assistance Systems (ADAS) among consumers have triggered the adoption of electronic units that subsequently increases pressure on the vehicle’s battery system. This has prompted OEMS to develop a dual voltage architecture that includes 48V supply as well as satisfy the increased power demand for components in the vehicle. The aforementioned factors have boosted the market growth for 48V technology.

Report Scope of the Automotive 48V System Market

Report Coverage Details
Market Size USD 22.3 Billion by 2027
Growth Rate CAGR of 26.3% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Vehicle Class, Architecture, Region
Companies Mentioned Robert Bosch GmbH, BorgWarner Inc., Dana Limited, CONTINENTAL AG, MAHLE Powertrain Ltd, GKN (Melrose Industries PLC), Delphi Technologies, Magna International Inc., Lear Corporation, and Valeo SA

Regional Snapshots

The Asia Pacific is the front-runner in the global automotive 48V technology market, followed by North America and Europe. The significant growth of the region is mainly attributed to the increasing investment from government for the development of supportive transport infrastructure for electric & hybrid vehicles. Furthermore, rising inclination of consumers towards more convenience and safety system again contributes for the positive market growth of 48V technology in the region. Apart from this, several governments in the Asian countries have started green revolution in order to protect environment and improve the air quality by curbing the emission rate, this expected to propel the implementation of 48V technology in the region.

North America and Europe are the other most prominent revenue contributors after the Asia Pacific. High disposable income and advanced infrastructure supporting next-generation vehicles are the key factors propelling the market growth in the regions. Furthermore, government support for the adoption of electric and hybrid vehicles again fuels the growth of the market.

Key Players & Strategies

The global automotive 48V system market witnesses intense competition among the market players. The market involves major automotive manufacturers those are significantly working on the improvement of battery technology of the electric vehicle. Major cost of the electric vehicle is attributed to the battery technology used in the vehicle. Thus, industry participants have developed 48V technology to meet the necessary standards of vehicle emission without triggering the cost of the vehicle. However, the development in the 48V technology is not stopped here market players are still investing prominently to cater the increasing need of consumers.

Some of the prominent players in the automotive 48V system market include:

  • Robert Bosch GmbH
  • BorgWarner Inc.
  • Dana Limited
  • MAHLE Powertrain Ltd
  • GKN (Melrose Industries PLC)
  • Delphi Technologies
  • Magna International Inc.
  • Lear Corporation
  • Valeo SA

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of vehicle class, architecture, and region:

By Vehicle Class

  • Premium
  • Mid
  • Entry
  • Luxury

By Architecture

  • Crankshaft Mounted
  • Belt Driven
  • Transmission Output Shaft
  • Dual-Clutch Transmission-Mounted

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s automotive 48V system market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email:

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