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DC-DC converter is defined as an electric power converter which is used to convert a source of direct current from one voltage to another voltage level. DC power supply is used in multiple applications where a constant voltage is required. They are widely used to efficiently produce a regulated voltage from source that might or might not be constant. DC-DC converter uses high-frequency inductors and switching, capacitors, and transformers to smooth out switching noise into regulated DC voltages. These converters are widely used for various applications such as in laptop, phones, spacecraft power systems, computers, and lighting systems.

Rising demand for energy-efficient applications/devices across the globe, increasing number of data centers across the world, growing number of environment-friendly electric vehicles, and the rising power requirements of networking infrastructure are the key factors accelerating the growth of DC-DC Converters market. The demand for electric vehicles is increasing among customers due to its exceptional benefits such as minimized amount of noise, immediate torque, premium performance, maintenance cost, and lower fuel. An electric vehicle does not need oil changes or liquid fuels. Therefore, the rising demand for environment friendly electric vehicles is driving the growth of DC-DC Converters market. However, incapability of DC-DC converters to switch-off during no load situation might hinder the growth of the market.

On the basis of form factor, the market is segmented into quarter brick, eighth brick, half brick, full brick, and sixteen brick. Among these, the sixteen brick segment is expected to grow at a higher CAGR during the forecast period. Enhancement in power supply technology, higher efficiency of MOSFET switches have enabled suppliers to improve the power density and size of bricks. Moreover, the surge in mid-range IT & communications, process control, and automation power applications that are shifting from outpower power module to fully regulated intermediate bus converters is fuelling the growth of the market.

Based on output power, 3.3V, 5V, 12V, 15V, 24 and above. Among these, the 5V power segment is projected to grow at a higher CAGR during the forecast period due to the rising demand for small UAVs, aircraft electrification, electric vehicles, and consumer electronics. These verticals are powered with less input voltage and is normally required to step down to a lower intermediate bus voltage.

On the basis of industry, the market is segmented into automotive, aerospace, industrial robotics, medical, consumer electronics, and telecommunication. Among these, the automotive industry is expected to grow at a higher CAGR during the forecast period, attributed to the increasing popularity of next-generation eco-cars, which are effective in decreasing hazardous substances in exhaust emission and carbon emission levels.

Based on the Region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period due to the rising demand for electronic applications such as cell phones and laptops. The telecom industry in countries such as Japan, China, and Singapore are focusing on upgrading the network infrastructure for boosting 5G infrastructure, which would ultimately enhance the demand for 5G enabled devices, therefore accelerating the growth of market in region.

The key players in the market include General Electric Company, Ericsson Inc, Texas Instruments Inc, Murata Manufacturing Co. Ltd, Wall Industries Inc, Delta Electronics Inc., Infineon Technologies AG and Vicor Corporation.

The DC-DC Converters market has been segmented based on Product Type, Form Factor, Output Power, Input Voltage, Output Number, Industry, and Key Region. Based on Product Type, the market is segmented into Isolated and Non-isolated. Based on Form Factor, the market is segmented into Quarter Brick, Eighth Brick, Half Brick, Full Brick, and Sixteen Brick. Based on Output Power, the market is segmented into 3.3V, 5V, 12V, 15V, 24 and above. Based on Input Voltage, the market is segmented into <40V, 40-70V, and >70V.Based on Output Number, the market is segmented into Single Output, Dual Output, Three Output, Multi-Output. Based on the Industry, the market is segmented into Automotive, Aerospace, Industrial Robotics, Medical, Consumer Electronics, and Telecommunication.

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