The DC-DC converter market is projected to grow at a CAGR 14.68% rate from 2021 to 2026. The major factors include the increasing demand for high performance & cost-effective electronic modules, adoption of IoT, and innovations in surgical equipment for digital power management & control.

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5V segment is expected to lead the market due to the growing demand for electric vehicles, small UAVs, medical equipment, and consumer electronics, among others. These verticals are powered with 48V or less input voltage, and this voltage is typically required to step down to a lower intermediate bus voltage, specifically to either 12V, 5V, or even lower, to power the boards support within the system.

The prominent players in the global DC-DC Converter Market are General Electric (GE) (U.S.), Ericsson (Sweden), Texas Instruments (U.S.), Murata Manufacturing Co. Ltd (Japan), and Delta Electronics, Inc. (Taiwan).

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