Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Device Type (Power IC, Module & Discrete), By Component (Sensor & Microcontroller), By Vehicle Type (Passenger Vehicle, LCV & HCV) And Competitive Landscape
Product Code: ETC4620146 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Middle East Automotive Power Electronics Market |
Forecast Period | 2025-2031 |
Market Size | USD 2.15 billion by 2031 |
CAGR | 3.7% |
Growing Sector | Automobile |
Middle East Automotive Power Electronics Market report thoroughly covers the market by countries, by device type, by component and by vehicle type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Automotive Power Electronics Market was valued at USD 1.6 billion and is expected to reach USD 2.15 billion, growing at a CAGR of around 3.7% from 2025 to 2031. This Market is a fast-growing sector in the technology industry. Given the increasing adoption of electric vehicles and advancements in automotive technologies, the automotive power electronics sector in the Middle East is anticipated to experience growth in line with global trends.
Middle East Automotive Power Electronics Market is expected to witness significant growth in the coming years, due to an increasing demand for energy-efficient vehicles and the rapid adoption of advanced technologies in the automotive industry. Power electronics enable the management of electrical energy in vehicles, contributing to the performance and efficiency of features such as electric propulsion, energy recovery systems, and advanced driver assistance systems (ADAS). Factors such as rising investments in electric vehicle (EV) infrastructure, government initiatives promoting clean energy adoption, and growing consumer interest in sustainable transportation solutions are further fuelling the market.
According to 6Wresearch, the Middle East Automotive Power Electronics Market size is expected to grow at a CAGR of 3.7% during 2025-2031. Several factors are driving the growth of the Middle East Automotive Power Electronics Market, such as the increasing government support for the adoption of electric vehicles (EVs) through policies, subsidies, and investments in EV infrastructure, such as charging stations. Additionally, the rising consumer awareness of environmental sustainability and the desire to reduce carbon emissions are driving the demand for energy-efficient vehicles. Technological advancements within the region, including the integration of power electronics in hybrid and fully electric vehicles, further contribute to the market expansion.
However, the Middle East Automotive Power Electronics Market faces a few restraints, such as the high initial cost associated with electric vehicles and the advanced power electronic components required for their operation. This financial barrier limits widespread adoption, particularly in price-sensitive markets. Another significant restraint is the limited availability of a well-established EV charging infrastructure across many parts of the region, which reduces consumer confidence in transitioning to electric vehicles. Additionally, fluctuations in oil prices and the region's dependency on traditional fossil-fuel-based industries can slow down the shift towards electric mobility.
Middle East automotive power electronics market is witnessing several key trends that are shaping its trajectory. Such as, there is a growing focus on sustainability and the reduction of carbon emissions, which has driven increased adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Governments in the region are introducing policies and incentives to support the shift toward cleaner transportation technologies, fostering demand for power electronics in EV applications. Apart from this, advancements in semiconductor technologies, such as the development of silicon carbide (SiC) and gallium nitride (GaN) materials, are enabling the production of more efficient and compact power electronic components.
Middle East Automotive Power Electronics Market Industry presents a promising investment opportunity for businesses looking to expand their operations globally. Key areas of potential include the development of advanced EV-specific components, such as inverters, converters, and battery management systems, which are pivotal to enhancing energy efficiency and vehicle performance. Companies investing in research and development within this domain can capitalize on the region's growing EV market. Furthermore, the expansion of EV charging infrastructure offers lucrative prospects for investors. Developing fast-charging stations and integrating renewable energy sources into the charging network can not only meet government sustainability goals but also attract growing consumer demand.
Middle East Automotive Power Electronics market is influenced by both global players and regional companies involved in automotive technology, energy solutions, and electronics. These companies are actively expanding their footprint in the Middle East due to the region's growing interest in electric mobility and energy-efficient automotive technologies. They collaborate with regional manufacturers and carmakers to support the shift towards electrification and sustainable transportation in the automotive industry. Key players are Infineon Technologies, STMicroelectronics, Texas Instruments, NXP Semiconductors, DENSO Corporation, Bosch.
Middle East Automotive Power Electronics Market is growing, and government’s regulation and policies are helping in extension of the market. Many nations in the region, including the United Arab Emirates, Saudi Arabia, and Qatar, have launched ambitious programs to reduce carbon emissions and transition to cleaner energy solutions. For instance, Saudi Arabia's Vision emphasizes the adoption of electric vehicles (EVs) and the establishment of comprehensive EV infrastructure, including charging networks and renewable energy integration. Additionally, government-backed incentives, such as tax breaks and subsidies for manufacturers and consumers, are accelerating the adoption of energy-efficient technologies in vehicles.
Future Insights of Middle East Automotive Power Electronics Market
The future of the Middle East Automotive Power Electronics Market looks promising due to increasing investments in advanced automotive technologies and sustainable energy solutions. With a strong focus on green mobility, countries in the region are anticipated to continue expanding their electric vehicle (EV) infrastructure, including ultra-fast charging networks and energy storage systems. Additionally, advancements in semiconductor technologies and innovative power management solutions are likely to drive efficiency improvements in EVs, hybrid vehicles, and autonomous systems. Furthermore, the region's commitment to integrating renewable energy sources.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, Saudi Arabia is expected to witness the most significant growth in the automotive power electronics market. The nation has made considerable investments in green initiatives as part of its Vision 2030 framework, which emphasizes sustainability and reduction of emissions.
Power ICs are projected to experience the most significant growth in the coming years. This growth is largely attributed to their critical role in managing energy efficiency and enabling advanced functionalities in electric vehicles.
Sensors are poised to experience the highest growth in the coming years. The accelerating adoption of advanced driver-assistance systems (ADAS), coupled with the push towards autonomous driving technologies, significantly increases the demand for sophisticated sensors.
Passenger Vehicles are projected to experience the most significant growth in the electric vehicle (EV) market. This expansion is driven by increasing consumer demand for affordable, efficient, and environmentally friendly transportation solutions.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Automotive Power Electronics Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Automotive Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Middle East Automotive Power Electronics Market - Industry Life Cycle |
3.4 Middle East Automotive Power Electronics Market - Porter's Five Forces |
3.5 Middle East Automotive Power Electronics Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Middle East Automotive Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.7 Middle East Automotive Power Electronics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Middle East Automotive Power Electronics Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Middle East Automotive Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Automotive Power Electronics Market Trends |
6 Saudi Arabia Automotive Power Electronics Market, 2021 - 2031 |
6.1.1 Saudi Arabia Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
6.1.2 Saudi Arabia Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.3 Saudi Arabia Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7 UAE Automotive Power Electronics Market, 2021 - 2031 |
7.1 UAE Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
7.2 UAE Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
7.3 UAE Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8 Qatar Automotive Power Electronics Market, 2021 - 2031 |
8.1 Qatar Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
8.2 Qatar Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
8.3 Qatar Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9 Kuwait Automotive Power Electronics Market, 2021 - 2031 |
9.1 Kuwait Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
9.2 Kuwait Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
9.3 Kuwait Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10 Oman Automotive Power Electronics Market, 2021 - 2031 |
10.1 Oman Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
10.2 Oman Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
10.3 Oman Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11 Bahrain Automotive Power Electronics Market, 2021 - 2031 |
11.1 Bahrain Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
11.2 Bahrain Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
11.3 Bahrain Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12 Turkey Automotive Power Electronics Market, 2021 - 2031 |
12.1 Turkey Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
12.2 Turkey Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
12.3 Turkey Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
13 Rest of Middle East Automotive Power Electronics Market, 2021 - 2031 |
13.1 Rest of Middle East Automotive Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
13.2 Rest of Middle East Automotive Power Electronics Market, Revenues & Volume, By Component, 2021 - 2031 |
13.3 Rest of Middle East Automotive Power Electronics Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
14 Middle East Automotive Power Electronics Market Key Performance Indicators |
15 Middle East Automotive Power Electronics Market - Opportunity Assessment |
15.1 Middle East Automotive Power Electronics Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Middle East Automotive Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
15.3 Middle East Automotive Power Electronics Market Opportunity Assessment, By Component, 2021 & 2031F |
15.4 Middle East Automotive Power Electronics Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
16 Middle East Automotive Power Electronics Market - Competitive Landscape |
16.1 Middle East Automotive Power Electronics Market Revenue Share, By Companies, 2024 |
16.2 Middle East Automotive Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |