The DC-DC converter market is experiencing significant growth, driven by increased adoption of electric buses and technological advancements across various sectors. According to a recent report by Research and Markets, the market is projected to expand from $11.6 billion in 2023 to an estimated $12.99 billion by 2024, with a robust compound annual growth rate (CAGR) of 12%.

Key findings of the report include the expansion of DC-DC converter applications across industries such as consumer electronics, healthcare, automotive, IT and telecommunications, aerospace, and defense. There is also a shift towards high-powered designs with further segmentation based on input voltages and output powers.

Leading companies are making significant strides in the market, with innovations such as rugged non-isolated DC-DC converters for harsh environments and advanced products like Rohm Semiconductor's new buck DC/DC converter IC with unmatched load response technology for automotive systems.

The report also highlights strategic market movements, such as Micross Components Inc.'s acquisition of Infineon Technologies' DC-DC converter business, emphasizing the importance of strategic partnerships in driving market growth.

Efficient and reliable power conversion solutions are in high demand, particularly in applications like electric vehicles and sophisticated computing systems. The report provides a detailed analysis of regional market dynamics, with North America leading the market as of 2023.

Overall, the report serves as a valuable resource for entities operating within the DC-DC converter domain, offering actionable insights for strategic decision-making and identifying growth opportunities. It provides a comprehensive understanding of market trends, innovations, and the competitive landscape through 2024.

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