PUBLISHER: Lucintel | PRODUCT CODE: 1263816
PUBLISHER: Lucintel | PRODUCT CODE: 1263816
Global Power Semiconductor Market Trends and Forecast
The future of the global of power semiconductor market looks promising with opportunities in the automotive, consumer electronics, IT and telecommunication, military and aerospace, power and energy, industrial, and other segments. The global power semiconductor market is expected to reach an estimated $42.9 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major growth drivers for this market are growing demand of consumer electronics devices and wireless communications globally along with rising need for new safety features and more efficient power management in the automotive industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Global Power Semiconductor Market by Segment
Global Power Semiconductor Market by Component [Value ($M) Shipment Analysis from 2017 to 2028]:
Global Power Semiconductor Market by Material [Value ($M) Shipment Analysis from 2017 to 2028]:
Global Power Semiconductor Market by Application [Value ($M) Shipment Analysis from 2017 to 2028]:
Global Power Semiconductor Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
List of Global Power Semiconductor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies of the global power semiconductor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of global power semiconductor companies profiled in this report includes.
Global Power Semiconductor Market Insight
Features of Global Power Semiconductor Market
FAQ
Q1. What is the global power semiconductor market size?
Answer:The global power semiconductor market is expected to reach an estimated $42.9 billion by 2028.
Q2. What is the growth forecast for the global power semiconductor market?
Answer:The global power semiconductor market is expected to grow with a CAGR of 6.5% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the global power semiconductor market?
Answer: The major drivers for this market are growing demand of consumer electronics devices and wireless communications globally along with rising need for new safety features and more efficient power managament in the automotive industry.
Q4. What are the major segments for the global power semiconductor market?
Answer:The future of the global power semiconductor market looks promising with opportunities in the automotive, consumer electronics, IT and telecommunication, military and aerospace, power and energy, industrial, and other application segments.
Q5. Who are the key power semiconductor companies?
Answer:Some of the key power semiconductor companies are as follows:
Q6. Which power semiconductor segment will be the largest in the future?
Answer:Within the power semiconductor market, power integrated circuits will remain the largest component segment over the forecast period because of increasing usage of these semiconductors in high voltage applications, such as solar panels, power supply, automobiles, and trains.
Q7. In the global power semiconductor market, which region is expected to be the largest in the next five years?
Answer:Asia Pacific region is expected to witness the highest growth during the forecast period due to growing electronics and electric vehicle industry along with supporting government policies.
Q8. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.