Switch to the Automotive 48V Systems has Become a New Trend in the World of Automobile
29 Aug 2021
Hybrid or fully electric vehicles are leading the trend in recent times. And what is more attractive in this switch is its 48V system alongside the 12V systems. Automotive 48V technology is one of the breakthrough innovations for enhancing sustainability in vehicles. In addition, it is cheap and adjustable even in the existing architecture of vehicles.
Another factor that is driving the trend of 48V architecture is the rising popularity of electric vehicles for having advanced infotainment, connectivity, and navigation systems. In addition, other features such as radar, cameras, sensors, and controllers, and the electronic system require more power compared to what is offered by a 12V system. Furthermore, a 48V system also unloads the tasks performed by the engine to electric power such as powering electric pumps, oil pumps and heating, and air conditioning compressors. Electric oil pumps lead the automatic gearboxes to function during engine shutdowns. Also, with this start/stop gets smoother and electric boosters in diesel minimize turbo lag.
As the popularity for automotive 48V system is getting increased. People more often are opting for vehicles with this architecture. Owing to which the market players are focusing on evolving the technology more and more. On the other hand, various market players are adopting different strategies to expand market growth. Moreover, the market is undergoing several activities. Let’s get to some of the recent happenings in the market.
New product launch is amongst the most trending strategies adopted by the market players. Recently, a French global automotive supplier Valeo, announce to introduce of a fully unified compact electric powertrain system based on 48V technology, in India. This advanced powertrain technology is anticipated to support electrification at an inexpensive cost for small mobility vehicles.
At the same time, Audi launched the latest version of its SQ5 TDI diesel equipped with 48v technology. It was first introduced in 2012 as the first Audi S model. The latest version along with the 48V mild hybrid system (MHEV) also has a lithium-ion battery for providing buffer storage, a belt alternator starter (BAS), and a 48/12-volt voltage converter.
With the driving trend and rising demand for complex infotainment systems, it seems that many cars will soon be equipped with 48-volt electrical systems. The market is all set to receive mounting attention in the approaching time. A report published by Allied Market Research estimates that the global automotive 48V system market would garner $21.00 billion by 2027. The growing demand for hybrid and electric vehicle and 48V battery system majorly drive the growth of the market globally. On the other hand, the increased safety and comfort features in vehicles and the decrease of CO2 emission to meet emission limitations further anticipates creating an array of opportunities for the market players. Moreover, the increasing focus to enhance luxurious vehicle architecture and growth in strategies by the market players are projected to assist the market to grow exponentially, all across the world.
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.