The automotive power discrete market size has grown strongly in recent years. It will grow from $4.38 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The increase observed in the historical period can be attributed to a shift towards autonomous features, the overall growth of the global automotive industry, advancements in safety systems, a focus on fuel efficiency, and the implementation of stricter emission regulations.
The automotive power discrete market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to the expansion of electric vehicles, progress in vehicle electrification, an increase in the integration of automotive electronics, adherence to more stringent emission standards, and the continued growth of autonomous and connected vehicles. Prominent trends expected in the forecast period involve the electric vehicle (EV) revolution, advancements in automotive electronics, a growing demand for fuel efficiency, an increase in the adoption of hybrid vehicles, and the impact of government regulations and emissions standards.
The anticipated surge in the demand for electric cars is poised to drive the growth of the automotive power discrete market in the future. Electric cars, which rely on electricity rather than traditional internal combustion engines using gasoline or diesel, necessitate crucial components in the form of automotive power discrete elements. These components play a vital role in managing and controlling the flow of electrical power within the vehicle's electrical and battery management systems, safeguarding the battery from overcharging or discharging and ensuring safe and efficient operation. As per the International Energy Agency (IEA) in April 2023, electric car sales constituted 14% of all new cars sold globally in 2022, with a notable 9% increase from 2021. Projections indicate that 14 million electric cars will be sold by the end of 2023, reflecting a substantial 35% year-on-year increase. Consequently, the escalating demand for electric cars is a key driver propelling the growth of the automotive power discrete market.
The growing popularity of premium vehicles is also expected to contribute significantly to the growth of the automotive power discrete market. Premium vehicles, known for their higher quality, comfort, performance, and advanced features compared to standard vehicles, demand power discrete components to optimize power management and enhance performance. These vehicles, characterized by superior craftsmanship, advanced technology, exquisite materials, and meticulous design and engineering, cater to consumers with high expectations. Notably, in February 2022, Tesla achieved global sales of 936,172 vehicles in 2021, marking an impressive 87.4% increase from the previous year. Hence, the increasing preference for premium vehicles is fostering the growth of the automotive power discrete market.
The complexity of modern engines and associated software is expected to pose challenges to the growth of the automotive power discrete market. The advancement of engines necessitates sophisticated software control, making modifications more challenging without risking damage or warranty voidance. The market may be impacted by factors such as increased reliance on electronics, software quality and performance, complexity and cost, and energy use. Some newer cars feature encrypted software that hampers unauthorized access, making it difficult for tuners to modify engine performance without cracking the encryption, as noted by Synopsys, a US-based software company. Thus, the complexity of modern engines and associated software presents constraints to the growth of the automotive power discrete market.
Leading companies in the automotive power discrete market are strategically focusing on the development of high-power on-board chargers to gain a competitive edge. High-power on-board chargers are advanced electrical components installed within electric or plug-in hybrid vehicles, rapidly converting incoming AC electrical energy into DC energy to charge the vehicle's high-voltage battery pack. For example, Onsemi, a US-based semiconductor manufacturing company, introduced the APM32 series of power modules for on-board chargers in electric cars in September 2022. These modules, utilizing silicon carbide (SiC) technology, are designed for high-power on-board chargers with a capacity of 11-22 kW. The APM32 series, featuring SiC technology in a transfer-molded package, enhances efficiency and reduces charge time for all types of electric vehicles.
In October 2022, Vishay Intertechnology Inc., a US-based semiconductor manufacturing company, acquired MaxPower Semiconductor Inc. for $50 million. This strategic acquisition is expected to bolster Vishay Intertechnology Inc.'s product offerings in metal oxide semiconductor field effect transistors (MOSFETs) and extend its footprint in the automotive and industrial markets. MaxPower Semiconductor Inc., a US-based semiconductor manufacturing company, specializes in providing automotive power discrete components, including silicon and silicon carbide MOSFETs, tailored for electric vehicles.
Major companies operating in the automotive power discrete market report are Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Yole Group, Texas Instruments Incorporated, Schaeffler Technologies AG & Co. KG, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Danfoss, Onsemi, Amkor Technology Inc., Microchip Technology Inc., Fuji Electric Co. Ltd., United Automotive Electronic Systems Co. Ltd., Rohm Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Nexperia, Diodes Incorporated, Sanken Electric Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., Alpha and Omega Semiconductor Inc., Wolfspeed Inc., Semikron, Transphorm Inc.
North America was the largest region in the automotive power discrete market in 2023. The regions covered in the automotive power discrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the automotive power discrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive power discrete market consists of sales of insulated gate bipolar transistor (IGBT) modules, voltage regulators, onboard chargers, voltage suppressors, and current sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The primary products encompassed within automotive power discrete include gallium nitride (GaN) and silicon carbide (SiC). Gallium nitride is a crystalline compound comprising gallium (Ga) and nitrogen (N) atoms arranged in a hexagonal crystal lattice structure. The devices consist of power integrated circuits (IC) and power modules or discrete components, incorporating a microcontroller and sensor. These find application in various vehicle types, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
The automotive power discrete market research report is one of a series of new reports that provides automotive power discrete market statistics, including automotive power discrete industry global market size, regional shares, competitors with a automotive power discrete market share, detailed automotive power discrete market segments, market trends and opportunities, and any further data you may need to thrive in the automotive power discrete industry. This automotive power discrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive power discrete market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to the expansion of electric vehicles, progress in vehicle electrification, an increase in the integration of automotive electronics, adherence to more stringent emission standards, and the continued growth of autonomous and connected vehicles. Prominent trends expected in the forecast period involve the electric vehicle (EV) revolution, advancements in automotive electronics, a growing demand for fuel efficiency, an increase in the adoption of hybrid vehicles, and the impact of government regulations and emissions standards.
The anticipated surge in the demand for electric cars is poised to drive the growth of the automotive power discrete market in the future. Electric cars, which rely on electricity rather than traditional internal combustion engines using gasoline or diesel, necessitate crucial components in the form of automotive power discrete elements. These components play a vital role in managing and controlling the flow of electrical power within the vehicle's electrical and battery management systems, safeguarding the battery from overcharging or discharging and ensuring safe and efficient operation. As per the International Energy Agency (IEA) in April 2023, electric car sales constituted 14% of all new cars sold globally in 2022, with a notable 9% increase from 2021. Projections indicate that 14 million electric cars will be sold by the end of 2023, reflecting a substantial 35% year-on-year increase. Consequently, the escalating demand for electric cars is a key driver propelling the growth of the automotive power discrete market.
The growing popularity of premium vehicles is also expected to contribute significantly to the growth of the automotive power discrete market. Premium vehicles, known for their higher quality, comfort, performance, and advanced features compared to standard vehicles, demand power discrete components to optimize power management and enhance performance. These vehicles, characterized by superior craftsmanship, advanced technology, exquisite materials, and meticulous design and engineering, cater to consumers with high expectations. Notably, in February 2022, Tesla achieved global sales of 936,172 vehicles in 2021, marking an impressive 87.4% increase from the previous year. Hence, the increasing preference for premium vehicles is fostering the growth of the automotive power discrete market.
The complexity of modern engines and associated software is expected to pose challenges to the growth of the automotive power discrete market. The advancement of engines necessitates sophisticated software control, making modifications more challenging without risking damage or warranty voidance. The market may be impacted by factors such as increased reliance on electronics, software quality and performance, complexity and cost, and energy use. Some newer cars feature encrypted software that hampers unauthorized access, making it difficult for tuners to modify engine performance without cracking the encryption, as noted by Synopsys, a US-based software company. Thus, the complexity of modern engines and associated software presents constraints to the growth of the automotive power discrete market.
Leading companies in the automotive power discrete market are strategically focusing on the development of high-power on-board chargers to gain a competitive edge. High-power on-board chargers are advanced electrical components installed within electric or plug-in hybrid vehicles, rapidly converting incoming AC electrical energy into DC energy to charge the vehicle's high-voltage battery pack. For example, Onsemi, a US-based semiconductor manufacturing company, introduced the APM32 series of power modules for on-board chargers in electric cars in September 2022. These modules, utilizing silicon carbide (SiC) technology, are designed for high-power on-board chargers with a capacity of 11-22 kW. The APM32 series, featuring SiC technology in a transfer-molded package, enhances efficiency and reduces charge time for all types of electric vehicles.
In October 2022, Vishay Intertechnology Inc., a US-based semiconductor manufacturing company, acquired MaxPower Semiconductor Inc. for $50 million. This strategic acquisition is expected to bolster Vishay Intertechnology Inc.'s product offerings in metal oxide semiconductor field effect transistors (MOSFETs) and extend its footprint in the automotive and industrial markets. MaxPower Semiconductor Inc., a US-based semiconductor manufacturing company, specializes in providing automotive power discrete components, including silicon and silicon carbide MOSFETs, tailored for electric vehicles.
Major companies operating in the automotive power discrete market report are Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Yole Group, Texas Instruments Incorporated, Schaeffler Technologies AG & Co. KG, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Danfoss, Onsemi, Amkor Technology Inc., Microchip Technology Inc., Fuji Electric Co. Ltd., United Automotive Electronic Systems Co. Ltd., Rohm Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Nexperia, Diodes Incorporated, Sanken Electric Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., Alpha and Omega Semiconductor Inc., Wolfspeed Inc., Semikron, Transphorm Inc.
North America was the largest region in the automotive power discrete market in 2023. The regions covered in the automotive power discrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the automotive power discrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive power discrete market consists of sales of insulated gate bipolar transistor (IGBT) modules, voltage regulators, onboard chargers, voltage suppressors, and current sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The primary products encompassed within automotive power discrete include gallium nitride (GaN) and silicon carbide (SiC). Gallium nitride is a crystalline compound comprising gallium (Ga) and nitrogen (N) atoms arranged in a hexagonal crystal lattice structure. The devices consist of power integrated circuits (IC) and power modules or discrete components, incorporating a microcontroller and sensor. These find application in various vehicle types, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
The automotive power discrete market research report is one of a series of new reports that provides automotive power discrete market statistics, including automotive power discrete industry global market size, regional shares, competitors with a automotive power discrete market share, detailed automotive power discrete market segments, market trends and opportunities, and any further data you may need to thrive in the automotive power discrete industry. This automotive power discrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Power Discrete Market Characteristics3. Automotive Power Discrete Market Trends and Strategies32. Global Automotive Power Discrete Market Competitive Benchmarking33. Global Automotive Power Discrete Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Power Discrete Market
4. Automotive Power Discrete Market - Macro Economic Scenario
5. Global Automotive Power Discrete Market Size and Growth
6. Automotive Power Discrete Market Segmentation
7. Automotive Power Discrete Market Regional and Country Analysis
8. Asia-Pacific Automotive Power Discrete Market
9. China Automotive Power Discrete Market
10. India Automotive Power Discrete Market
11. Japan Automotive Power Discrete Market
12. Australia Automotive Power Discrete Market
13. Indonesia Automotive Power Discrete Market
14. South Korea Automotive Power Discrete Market
15. Western Europe Automotive Power Discrete Market
16. UK Automotive Power Discrete Market
17. Germany Automotive Power Discrete Market
18. France Automotive Power Discrete Market
19. Italy Automotive Power Discrete Market
20. Spain Automotive Power Discrete Market
21. Eastern Europe Automotive Power Discrete Market
22. Russia Automotive Power Discrete Market
23. North America Automotive Power Discrete Market
24. USA Automotive Power Discrete Market
25. Canada Automotive Power Discrete Market
26. South America Automotive Power Discrete Market
27. Brazil Automotive Power Discrete Market
28. Middle East Automotive Power Discrete Market
29. Africa Automotive Power Discrete Market
30. Automotive Power Discrete Market Competitive Landscape and Company Profiles
31. Automotive Power Discrete Market Other Major and Innovative Companies
35. Automotive Power Discrete Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Power Discrete Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive power discrete market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automotive power discrete? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Product: Gallium Nitride (GaN); Silicon Carbide (SiC)
2) By Devices: Power Integrated Circuits (IC); Power Module Or Discrete
3) By Component: Microcontroller; Sensor
4) By Vehicle Type: Passenger Vehicle; Light Commercial Vehicle; Heavy Commercial Vehicle
Key Companies Mentioned: Robert Bosch GmbH; Hitachi Ltd.; Mitsubishi Electric Corporation; ABB Ltd.; Toshiba Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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