PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1663444
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1663444
Automotive Power Discrete Market size was valued at US$ 4,725.6 Million in 2024, expanding at a CAGR of 6.10% from 2025 to 2032.
Discrete semiconductor devices specifically made for managing and controlling electrical power in automobile applications are referred to as automotive power devices. Modern automobiles require these parts, which include MOSFETs, IGBTs, and diodes, to ensure effective power conversion, distribution, and management. Advanced driver-assistance systems (ADAS), infotainment, lighting, and electric powertrains are just a few of the systems that depend on them. The rising demand for electric vehicles and developments in automotive electronics that seek to increase vehicle efficiency and safety are important driving factors for this market. Furthermore, the growing complexity and sophistication of automobile electronics is another important growth element. Numerous electronic devices, ranging from advanced driver-assistance systems (ADAS) to telematics and infotainment, are installed in modern cars. For these systems to function flawlessly, effective and dependable power management solutions are necessary, which in turn increases demand for different kinds of power discrete devices.
Automotive Power Discrete Market- Market Dynamics
Rising demand for electric vehicles
It is anticipated that rising demand for electric vehicles will fuel the automotive power discrete market's future expansion. Electric vehicles are automobiles powered by electricity rather than traditional internal combustion engines that operate on gasoline or fuel. Automotive power discrete components are essential to electric automobiles because they regulate and control the flow of electrical power inside the battery management and electrical systems, preventing overcharging or discharging of the battery and guaranteeing safe and effective functioning. For instance, according to a report released in April 2023 by the French intergovernmental organization International Energy Agency (IEA), sales of electric cars accounted for 14% of all new cars sold globally in 2022, a 9% increase from 2021. Furthermore, it is projected that by the end of 2023, 14 million electric cars would have been sold, a 35% increase from the year before. As a result, the growing demand for electric cars is driving growth in the automotive power discrete industry.
Automotive Power Discrete Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.10% over the forecast period (2025-2032)
Based on device segmentation, the power module or discrete category was predicted to show maximum market share in the year 2024
Based on Vehicle Type segmentation, Passenger Vehicle was the leading segment in 2024
On the basis of region, North America was the leading revenue generator in 2024
The Global Automotive Power Discrete Market is segmented on the basis of Device, Product, Vehicle Type, and Region.
On the basis of product, the market is segregated into Gallium Nitride (GaN) and Silicon Carbide (SiC). In 2024, the market was dominated by the Silicon Carbide (SiC) category because next-generation SiC discrete devices for electric vehicle applications are becoming more widely available. For instance, STMicroelectronics, a semiconductor manufacturer that supplies customers in the electronics sector, unveiled high-power modules for electric automobiles in December 2022 that boost efficiency and range. Hyundai's E-GMP electric vehicle platform, which is shared by the KIA EV6 and numerous other vehicles, has selected this cutting-edge silicon-carbide (SiC) power module.
Based on Vehicle Type, the market is divided into Passenger Vehicle, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV). In 2024, the Passenger Vehicle category held a dominant market share encouraged by the growing demand for fuel-efficient technology and safety features for automotive power trains. Modern passenger cars now come equipped with a variety of safety, luxury, entertainment, and vehicle control technologies due to shifting consumer tastes. The need for OEMs to incorporate specialized features into new passenger car models is being driven by the growing population in emerging economies, which will propel market growth.
Automotive Power Discrete Market- Geographical Insights
In 2024, North America held a dominant position in the global market for Automotive Power Discrete because of strict pollution regulations and the widespread use of cutting-edge automotive technologies. Another factor driving the market's expansion is the region's concentration of significant automakers and IT companies. The market for power discrete devices in North America is anticipated to be driven by the rising demand for electric vehicles as well as the increased focus on vehicle efficiency and safety.
However, throughout the projected period, the Europe region is anticipated to see the fastest CAGR driven by the high adoption of sophisticated automobile technologies and the region's strict emissions restrictions. The existence of significant automakers like Daimler, BMW, and Volkswagen also helps the market expand. Europe's growing demand for power discrete devices is anticipated to increase as a result of government incentives and legislation encouraging the use of electric vehicles.
There is fierce competition among numerous major competitors in the automotive power discrete market as they compete for a bigger market share. STMicroelectronics N.V., Texas Instruments Incorporated, Infineon Technologies AG, and others are important market participants. To improve their market positions, these companies are concentrating on product development, innovations, and strategic alliances. Both well-established businesses and up-and-coming competitors are present in the competitive landscape, and they all use technological innovations and market expansion tactics to support the market's expansion. Moreover, to obtain a competitive advantage in the automotive power discrete industry, major firms are putting more effort into creating high-power onboard chargers. For instance, the US-based semiconductor manufacturer Onsemi introduced the APM32 series of three power modules for electric car onboard chargers in September 2022. The modules are made especially for high-power onboard chargers (OBC) with a capacity of 11-22 kW and employ silicon carbide (SiC) technology. Using SiC technology in a transfer-moulded packaging, the APM32 series is the first of its kind and improves efficiency and reduces charging time for all kinds of electric vehicles.
Recent Development
October 2022: For $50 million, the US-based semiconductor manufacturer Vishay Intertechnology Inc. purchased MaxPower Semiconductor Inc. Through the acquisition, Vishay Intertechnology Inc. should be able to increase its market share in the industrial and automotive sectors and improve its product portfolio in metal oxide semiconductor field effect transistors (MOSFETs). Located in the United States, MaxPower Semiconductor Inc. manufactures semiconductors for electric vehicles, including silicon and silicon carbide metal oxide semiconductor field effect transistors (MOSFETs), which are discrete automotive power components.