Press release
Electronic Power Packages Market Growth Opportunities & Technology Developments by 2031
Electronic Power Packages Market
Electronic packaging is the enclosure for electronic devices, which ranges from individual semiconductor devices to systems such as mainframe computers. The packaging provides protection from mechanical damage, cooling, noise emission, and electrostatic discharge.
Electronic power packages use silicon devices and lead-free solder alloys in its construction. Manufacturers of power electronics are transitioning to devices with wide band gap materials for improved performance, reliability, and cost. Further, high temperature bonded interface materials are facilitating compact, lightweight, low cost, and reliable electronic power packaging.
Electronic power packages have applications in various industries such as automotive, aerospace & defense, consumer electronics, industrial, and other industries where power electronics are used.
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Increasing need for power packages due to environmental and technical requirements
The need for electronic power packages is increasing due to growing technical requirements from manufacturers of electronic devices as well as environmental mandates from governments. The increasing power density and power conversion optimization for power electronics will cause CO2 emission reduction. Hence, technological advancements are required for devices to achieve government targets and volume content.
Moreover, the growing importance of wide band gap semiconductors makes electronic power packages mandatory. These factors are driving the growth of the electronic power packages market.
Increasing usage of electronic packaging by aerospace and defense industry
Increasing investment by governments in aerospace and defense, and rising export of weapons is fueling the electronic power packages market. Several equipment in aerospace and defense such as data processing units and data display units are loaded with semiconductor devices, which need electronic power packages.
Moreover, high power electronic devices play an important role in improvement of grid reliability, and are used in energy storage systems and other applications. These factors are creating opportunities for the electronic power packages market.
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