(EMAILWIRE.COM, October 05, 2018 ) The report "Global DC-DC Converters Market by Application, Output Number, Input Voltage, Output Voltage, Output Power, Sales Channel, Form Factor, Product Type and Region - Forecast to 2021", The global DC-DC converters market is projected to reach USD 3.94 Billion by 2021, at a CAGR of 2.66% during the forecast period.

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Rapid industrialization in the APAC region is driving the market for DC-DC converters. The wide range of applicability of DC-DC converters across industry segments, especially the high level of growth in the ICT and medical devices segments also bolsters the demand. There is a lack of alternatives for DC-DC converters due to which there is a growing trend towards miniaturization and increasing deployment efficiency. The market players catering to the ICT industry are required to ensure a high speed in innovations in order to keep pace with the quickly changing technological needs of this industry.

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The communication segment is estimated to capture the largest market share in 2016. Communication has resulted in transforming the world into a single market. With the rapid development in the communication industry and increased adoption of broadband-enabled mobile devices, the requirement for power supply for communication equipment is also growing at a rapid pace, resulting in driving the demand in the global DC-DC converters market.

At present a majority of the systems are prepared for the multi-tasking approach. Analog and digital circuits need several different supply voltages to operate, resulting in the increased use of multiple output DC-DC converters. Increase in the number of on-board applications is driving the market for the three output segment.

Countries in the Asia-Pacific region are home to major DC-DC converter manufacturers. Manufacturers in this region are competing with global rivals in various sectors such as automotive, electronic devices, and industrial components. China, Japan, and Taiwan are estimated to drive the market for DC-DC converters. These countries are major manufacturers of electronic devices such as laptops, cell phones, integrated circuits among others, which is expected to increasingly drive the demand for DC-DC converters.

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General Electric (GE) (U.S.), Ericsson (Sweden), Texas Instruments (U.S.), Murata Manufacturing Co. Ltd (Japan), and Delta Electronics, Inc. (Taiwan), among others are the key players operational in the global DC-DC converters market. The market share analysis has been carried out by tracking all the products of the key market players, their geographical presence, and recent developments.