PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1663444
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1663444
Automotive Power Discrete Market, By Device, By Product, By Vehicle Type, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032
REPORT HIGHLIGHT
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
Automotive Power Discrete Market- Segmentation Analysis:
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- Competitive Landscape:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE POWER DISCRETE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY DEVICE- MARKET ANALYSIS, 2019 - 2032
GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032
GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Table of Contents
1. Automotive Power Discrete Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Automotive Power Discrete Market Snippet by Device
- 2.1.2. Automotive Power Discrete Market Snippet by Product
- 2.1.3. Automotive Power Discrete Market Snippet by Vehicle Type
- 2.1.4. Automotive Power Discrete Market Snippet by Country
- 2.1.5. Automotive Power Discrete Market Snippet by Region
3. Automotive Power Discrete Key Market Trends
4. Automotive Power Discrete Industry Study
5. Automotive Power Discrete Market: COVID-19 Impact Analysis
6. Automotive Power Discrete Market Landscape
7. Automotive Power Discrete Market - By Device
8. Automotive Power Discrete Market - By Product
9. Automotive Power Discrete Market - By Vehicle Type
10. Automotive Power Discrete Market- By Geography
11. Key Vendor Analysis- Automotive Power Discrete Industry
12. 360 Degree Analyst View
13. Appendix
