PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1644766
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1644766
The Global Bipolar Power Transistor Market is expected to register a CAGR of 4.5% during the forecast period.
In addition, features such as high thermal power dissipation capacity, high-temperature applications, and high energy efficiency boost the automotive market and security, power management, load switching, linear mode voltage regulator, and backlighting applications in industrial parts are likely to drive the market studied. Bipolar power transistors are used in high voltage applications.
According to the IEA, worldwide sales of electric automobiles had reached 6.6 million in 2021. Electric vehicles accounted for 9% of all vehicle sales worldwide. In Electric cars, bipolar power transistors are used in car headlights with high power light emitting diodes. An increase in automotive industries is a driving factor for the bipolar power transistor market.
The growing requirement to control power across circuits and miniaturization drives the bipolar power transistor market. NXP semiconductors, for instance, reduced the packing size of their transistors by 55% while maintaining the same power performance.
COVID-19 has also impacted the global supply chain of major electronic brands. China is one of the largest producers and exporters of various electronics input supplies such as bipolar power transistors, capacitors, diodes, rectifiers, amplifiers etc. Due to the continuous production standstill in China, several electronic manufacturers in the United States and Europe have been compelled to halt production manufacturing of finished electronic applications resulting in a demand-supply gap in electronic products.
The bipolar power transistor market is being influenced by the automobile industry's rising technical improvements. In Electric cars, bipolar power transistors are used in car headlights with high power light emitting diodes.
With the increased adoption of Electric vehicles and Hybrid vehicles, automotive is one of the rising segments of the bipolar power transistor market. It is expected to have a significant share. Innovations like autonomous car technology, high voltage applications have raised the demand for bipolar power transistors.
Additionally, government rules requiring advanced driver assistance systems (ADAS) have supported the segment's growth. Electronic components in the automobile sector are vital for safety and are exposed to high voltages and extreme Conditions. Manufacturers have responded by creating a new range of bipolar power transistors for automotive applications.
For Instance, In march 2022, Renesas Electronics Corporation, a producer of advanced semiconductor technologies, announced the extension of its advanced driver-assistance system (ADAS) collaboration with Honda.
In September 2021, GaN Systems, a gallium nitride power semiconductor manufacturer, signed a comprehensive capacity agreement with BMW for the company's GaN power transistors, which are designed to increase the efficiency and power density of critical applications in EVs.
According to The National Institute of Statistics and Geography, in January 2022, 237 battery electric vehicles were sold in Mexico. The number of registered electric and hybrid vehicles in Latin America has increased significantly in Colombia and Brazil, where the market has remained relatively stable. Hybrids have become relatively popular for users looking for a petrol-saving alternative to the traditional automobile as Mexico develops its charging infrastructure for plug-in electric vehicles.