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PUBLISHER: IMARC | PRODUCT CODE: 1519755
PUBLISHER: IMARC | PRODUCT CODE: 1519755
Power Semiconductor Market Report by Component, Material (Silicon/Germanium, Silicon Carbide, Gallium Nitride ), End Use Industry, and Region 2024-2032
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The global power semiconductor market size reached US$ 43.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 58.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
Power semiconductors are fundamental components of modern power electronic circuitry machines that convert energy from one form to another at various stages. They are manufactured using silicon carbide (Sic), germanium and gallium nitride (GaN). These devices are widely being used for wireless communication, motion control, computer systems, advanced control of electric drives, antennas, broadband wireless techniques and satellite systems. Power semiconductors form an indispensable part of electrical appliances, machines, and systems and are majorly used in applications requiring conversion of large voltages and currents without damages. As compared to electro-mechanical converter systems, power semiconductors offer a faster dynamic response, lower installation cost and reduced thermal dissipation. Consequently, they are widely used across various industries, such as automotive, military, aerospace, consumer electronics, information technology and telecommunications.
Power Semiconductor Market Trends:
Rapid expansion in the automotive industry across the globe is one of the key factors creating a positive outlook for the market growth. Power semiconductors are widely fitted with electronic components and integrated chips in automobile parts, such as steering systems, braking, fuel delivery and safety systems. In line with this, the widespread product adoption in electric vehicles, plug-in electric vehicles, and hybrid electric vehicles (EVs/HEVs) for providing higher efficiency in converters and enhancing battery management systems and power electronic switches are favoring the market growth. Moreover, various technological advancements, such as the utilization of x-by-wire or drive-by-wire technologies that assist in decreasing the weight of the vehicle, enhancing fuel efficiency and reducing emission, are providing an impetus to the market growth. Additionally, the widespread product utilization in lightweight, small and portable consumer electronics, such as smartphones, tablets, smartwatches, fitness bands and communication devices, is positively impacting the market growth. Other factors, including increasing demand for renewable energy sources and the implementation of various government initiatives to promote power-efficient devices, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power semiconductor market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, material and end use industry.
Breakup by Component:
Discrete
Module
Power Integrated Circuits
Breakup by Material:
Silicon/Germanium
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Breakup by End Use Industry:
Automotive
Consumer Electronics
Industrial
Power and Energy
IT and Telecommunication
Military and Aerospace
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Broadcom Inc., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductor Inc., Onsemi, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation and Vishay Intertechnology Inc.
Key Questions Answered in This Report:
- How has the global power semiconductor market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global power semiconductor market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global power semiconductor market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A5200
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Power Semiconductor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Discrete
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Module
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Power Integrated Circuits
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Material
- 7.1 Silicon/Germanium
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Silicon Carbide (SiC)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gallium Nitride (GaN)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Consumer Electronics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Power and Energy
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 IT and Telecommunication
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Military and Aerospace
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABB Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Broadcom Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Fuji Electric Co. Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Hitachi Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Infineon Technologies AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Microchip Technology Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Mitsubishi Electric Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 NXP Semiconductor Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Onsemi
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Renesas Electronics Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 ROHM Co. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 STMicroelectronics
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Texas Instruments Incorporated
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.14 Toshiba Corporation
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.14.4 SWOT Analysis
- 14.3.15 Vishay Intertechnology Inc.
- 14.3.15.1 Company Overview
- 14.3.15.2 Product Portfolio
- 14.3.15.3 Financials
- 14.3.15.4 SWOT Analysis
- 14.3.1 ABB Ltd.
Product Code: SR112024A5200
List of Figures
- Figure 1: Global: Power Semiconductor Market: Major Drivers and Challenges
- Figure 2: Global: Power Semiconductor Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Power Semiconductor Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Power Semiconductor Market: Breakup by Component (in %), 2023
- Figure 5: Global: Power Semiconductor Market: Breakup by Material (in %), 2023
- Figure 6: Global: Power Semiconductor Market: Breakup by End Use Industry (in %), 2023
- Figure 7: Global: Power Semiconductor Market: Breakup by Region (in %), 2023
- Figure 8: Global: Power Semiconductor (Discrete) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Power Semiconductor (Discrete) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Power Semiconductor (Module) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Power Semiconductor (Module) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Power Semiconductor (Power Integrated Circuits) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Power Semiconductor (Power Integrated Circuits) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Power Semiconductor (Silicon/Germanium) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Power Semiconductor (Silicon/Germanium) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Power Semiconductor (Silicon Carbide-SiC) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Power Semiconductor (Silicon Carbide-SiC) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Power Semiconductor (Gallium Nitride-GaN) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Power Semiconductor (Gallium Nitride-GaN) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Power Semiconductor (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Power Semiconductor (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Power Semiconductor (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Power Semiconductor (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Power Semiconductor (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Power Semiconductor (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Power Semiconductor (Power and Energy) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Power Semiconductor (Power and Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Power Semiconductor (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Power Semiconductor (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Power Semiconductor (Military and Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Power Semiconductor (Military and Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Power Semiconductor (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Power Semiconductor (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: North America: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: North America: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: United States: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: United States: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Canada: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Canada: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Asia-Pacific: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Asia-Pacific: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: China: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: China: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Japan: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Japan: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: India: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: India: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: South Korea: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: South Korea: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Australia: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Australia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Indonesia: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Indonesia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Others: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Europe: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Europe: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Germany: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Germany: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: France: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: France: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: United Kingdom: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: United Kingdom: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Italy: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Italy: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Spain: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Spain: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Russia: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Russia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Latin America: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Latin America: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Brazil: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Brazil: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Mexico: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Mexico: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Others: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Middle East and Africa: Power Semiconductor Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Middle East and Africa: Power Semiconductor Market: Breakup by Country (in %), 2023
- Figure 82: Middle East and Africa: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Global: Power Semiconductor Industry: SWOT Analysis
- Figure 84: Global: Power Semiconductor Industry: Value Chain Analysis
- Figure 85: Global: Power Semiconductor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Power Semiconductor Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Power Semiconductor Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Power Semiconductor Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 4: Global: Power Semiconductor Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Power Semiconductor Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Power Semiconductor Market: Competitive Structure
- Table 7: Global: Power Semiconductor Market: Key Players
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