Global Automotive Bipolar Junction Transistors (BJTs) Market Size, Share, Growth Analysis, By Type(NPN Transistor, and PNP Transistor), By Application(Commercial Vehicles, and Passenger Cars) - Industry Forecast 2024-2031

Global Automotive Bipolar Junction Transistors (BJTs) Market size was valued at USD 3.21 billion in 2022 and is poised to grow from USD 3.39 billion in 2023 to USD 5.24 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).

The market for bipolar junction transistors (BJTs) used predominantly in the automotive industry is known as the global automotive BJT market. Electronic parts called bipolar junction transistors have the ability to switch or amplify electrical signals. Numerous sectors use these transistors, including the automobile sector, where they are employed in ignition systems, electronic control units (ECUs), and other electronic systems. The global market for automotive bipolar junction transistors (BJTs) is driven by the need to supply high-quality, dependable, and reasonably priced transistors for use in automotive applications. The market meets the demands of aftermarket providers and automotive original equipment manufacturers (OEMs), giving them access to the parts they need to construct cutting-edge electrical systems for cars. The need for more dependable and efficient electronic components, the growing trend toward electrification and autonomous driving, and the growing requirement for electronic systems in cars are the factors driving the global market for automotive bipolar junction transistors (BJTs). This industry is expanding due in part to the growing demand for hybrid and electric cars. For example, Renesas Electronics Corporation, a pioneer in the development of advanced semiconductor technologies, announced in March 2022 that it was expanding its collaboration with Honda in the field of advanced driver-assistance systems (ADAS). Furthermore, GaN Systems and BMW signed a comprehensive capacity agreement in September 2021. This agreement concerned GaN power transistors, which are designed to improve the power density and efficiency of critical applications found in electric vehicles (EVs).

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Bipolar Junction Transistors (BJTs) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive Bipolar Junction Transistors (BJTs) Market Segmental Analysis

The global automotive bipolar junction transistors (BJTs) market is segmented on the basis of type, application, and region. Based on classification by type, the market is segmented into NPN transistor, and PNP transistor. In terms of application, the market is segmented into commercial vehicles, and passenger cars. Further categorization of region segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Automotive Bipolar Junction Transistors (BJTs) Market

The increased requirement for safety and comfort features in cars is driving up the demand for sophisticated electronic systems in automobiles. Power steering, engine control, and airbag systems are just a few of the many applications for bipolar junction transistors, which are crucial parts of these systems.

Restraints in the Global Automotive Bipolar Junction Transistors (BJTs) Market

The market for automotive bipolar junction transistors is facing significant challenges, one of which is the high cost of modern electronic systems. Bipolar junction transistors, among other costly parts, are needed for these systems, which raises the car's final cost. Consequently, a large number of buyers might choose cars without these features, which could lower the need for bipolar junction transistors.

Market Trends of the Global Automotive Bipolar Junction Transistors (BJTs) Market

Automotive applications are using silicon carbide bipolar junction transistors more often because of their high voltage rating, low power consumption, and good thermal conductivity. Compared to conventional silicon bipolar junction transistors, these transistors provide a number of benefits, such as reduced switching losses and increased efficiency. For instance, a variety of silicon carbide bipolar junction transistors made especially for automotive applications are available from Infineon Technologies.