Power Semiconductor Market by Material, Component, Application, End-User

List of Tables

[184 Pages Report] The Power Semiconductor Market size was estimated at USD 42.40 billion in 2023 and expected to reach USD 45.29 billion in 2024, at a CAGR 7.06% to reach USD 68.39 billion by 2030.

Power semiconductors are specialized electronic components designed to manage and control the flow of electric power in various devices and systems. Power semiconductors, with high efficiency and reliability, are essential in converting electricity from one form to another, such as alternating current to direct current, and are crucial in regulating the amount of power in electronic devices to ensure optimal performance and energy conservation. The power semiconductor market is showcasing significant growth, propelled by the increasing use of power integrated circuits (ICs) in consumer electronics and medical devices, expanding their application range, and enhancing device efficiency and reliability. The automotive industry's shift toward electric vehicles (EVs) also drives the demand for power semiconductors, which are crucial for EV performance, battery management, and energy efficiency. However, the volatility of raw materials prices and supply chain disruptions impede the growth of the power semiconductors market. Power semiconductors are crucial for enabling the enhanced data transmission speeds and reliability needed for the next generation of wireless communication networks. Introducing radio frequency power semiconductors for the 5G industry offers opportunities for market growth. In addition, the ongoing innovations in semiconductor manufacturing processes and power electronics technologies represent a significant opportunity to expand the power semiconductor market.

KEY MARKET STATISTICS
Base Year [2023]	USD 42.40 billion
Estimated Year [2024]	USD 45.29 billion
Forecast Year [2030]	USD 68.39 billion
CAGR (%)	7.06%

Material: Increasing demand for silicon carbide (SiC) owing to its ability to handle high voltages and temperatures

Gallium nitride (GaN) has high electron mobility and saturation velocity, allowing devices to operate at higher voltages, frequencies, and temperatures, making them ideal for high-frequency, high-efficiency applications such as RF amplification, fast chargers for consumer electronics, and power conversion units in renewable energy systems. Silicon is used in the power semiconductor industry primarily owing to its excellent ability to conduct electricity efficiently, which is a requirement for various electronic devices and systems. The abundant natural supply and established silicon manufacturing processes further support its widespread use, making it a cost-effective choice for producing diverse semiconductor components. Silicon carbide is a material in the power semiconductor sector, known for handling higher power levels and operating at higher temperatures than silicon. SiC components are able to switch at high speeds, improving electrical systems' efficiency. The robust properties of silicon carbide make it an ideal choice in electric vehicles and renewable energy systems.

Application: Widening use of power semiconductors in power drives to manage and control the flow of electrical energy

Power semiconductors are critical in controlling and managing electrical power in lighting and lasers, enabling precise light intensity and laser power adjustment. This application of power semiconductors is vital in various sectors, including medical procedures, where laser precision is paramount, and energy-efficient LED lighting systems in residential and commercial settings. Power semiconductors are integral components in power drives, facilitating the efficient control and conversion of electrical energy to mechanical energy, which is essential in industries that operate machinery with high precision and energy efficiency. The applications range from controlling motors in manufacturing plants to propulsion systems in electric vehicles, highlighting the versatility and necessity of power semiconductors in modern industry. In the radio frequency (RF) domain, power semiconductors are indispensable for amplifying and transmitting RF signals, and their application is critical in telecommunications for delivering high-quality, uninterrupted communication services, such as mobile phones and broadcasting services. Power semiconductors ensure these devices transmit signals over long distances without significant power loss. Power semiconductors are required in power supplies and inverters, converting alternating current (AC) to direct current (DC) and vice versa with high efficiency and reliability, which is crucial in renewable energy systems, including solar panels and wind turbines, where inverters transform DC into AC electricity compatible with the electrical grid. Similarly, in uninterruptible power supplies (UPS), ensure a continuous power supply to critical systems during outages, safeguarding against data loss and equipment damage.

Regional Insights

The American power semiconductor market is driven by an increasing demand for energy-efficient devices and the rapid adoption of electric vehicles, renewable energy infrastructure, and advanced industrial machinery. The U.S. showcases a strong semiconductor manufacturing base and substantial investments in technology research and development. Emerging trends, including smart grid technology and IoT integration in industrial and consumer applications, contribute to power semiconductor market growth in the Americas. The power semiconductor market in the Asia-Pacific region is fueled by the expanding electronics manufacturing sector in countries including China, South Korea, and Japan, which are significant consumers and producers of power semiconductors owing to their robust semiconductor fabrication capabilities. The region's market expansion is further propelled by growing demand for consumer electronics, widening adoption of EVs, and government initiatives supporting energy efficiency and renewable energy sources. The power semiconductor market in the EMEA region is committed to environmental sustainability, which drives the demand for power semiconductors in renewable energy systems, energy-efficient appliances, and automotive applications. The European Union's investment in smart grid projects and renewable energy installations demonstrates its focus on embracing advanced technology for a sustainable future. The Middle East and Africa are witnessing growth, influenced by infrastructure development and an increasing emphasis on diversifying the energy mix toward renewable sources.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Power Semiconductor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Power Semiconductor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Power Semiconductor Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Broadcom Inc., C&H Technology, Inc., Fuji Electric Co., Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductor N.V., ON Semiconductor Corporation, Qorvo, Inc., Renesas Electronics Corp., ROHM Semiconductor GmbH, Shindengen Electric Manufacturing Co., Ltd., SiPower Inc., StarPower Semiconductor Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Electronic Devices & Storage Corporation, Vishay Intertechnology, Inc., Wolfspeed, Inc., and Yangzhou Positioning Tech. Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Power Semiconductor Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
- Gallium Nitride
- Silicon
- Silicon Carbide

Component
- Diode
- Insulated Gate Bipolar Transistors
- Thyristors
- Transistors

Application
- Lighting & Lasers
- Power Drives
- Radio Frequency
- Supplies & Inverters

End-User
- Aerospace & Defense
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Telecommunication

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Power Semiconductor Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Power Semiconductor Market?

3. What are the technology trends and regulatory frameworks in the Power Semiconductor Market?

4. What is the market share of the leading vendors in the Power Semiconductor Market?

5. Which modes and strategic moves are suitable for entering the Power Semiconductor Market?

Product Code: MRR-030EE48515BB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Widening application of Power ICs in consumer electronics and medical devices
  - 5.1.1.2. Rising shift of the automotive industry toward electric vehicles
  - 5.1.1.3. Trend of smart grid technology and IoT integration in industrial applications
- 5.1.2. Restraints
  - 5.1.2.1. Volatility in raw materials prices and supply chain disruptions
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovations in semiconductor manufacturing processes and power electronics technologies
  - 5.1.3.2. Introduction of RF power semiconductors for the 5G industry
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with the operating efficiency of power semiconductors under high voltage and temperature
5.2. Market Segmentation Analysis
- 5.2.1. Material: Increasing demand for silicon carbide (SiC) owing to its ability to handle high voltages and temperatures
- 5.2.2. Application: Widening use of power semiconductors in power drives to manage and control the flow of electrical energy
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Power Semiconductor Market, by Material

6.1. Introduction
6.2. Gallium Nitride
6.3. Silicon
6.4. Silicon Carbide

7. Power Semiconductor Market, by Component

7.1. Introduction
7.2. Diode
7.3. Insulated Gate Bipolar Transistors
7.4. Thyristors
7.5. Transistors

8. Power Semiconductor Market, by Application

8.1. Introduction
8.2. Lighting & Lasers
8.3. Power Drives
8.4. Radio Frequency
8.5. Supplies & Inverters

9. Power Semiconductor Market, by End-User

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Consumer Electronics
9.5. Healthcare
9.6. Industrial
9.7. Telecommunication

10. Americas Power Semiconductor Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Power Semiconductor Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Power Semiconductor Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Mitsubishi Electric Unveils New J3-Series Modules Enhancing Electric Vehicle Inverter Efficiency
- 13.3.2. AIXTRON Introduces Innovative G10-GaN Technology to Revolutionize Power Electronics and RF Device Manufacturing
- 13.3.3. Toppan Expands Offerings with Power Semiconductor Contract Manufacturing Service
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio