Automotive Intelligent Power Devices Market Expanding Rapidly at a CAGR of 13.2% from 2023 to 2033

The market for automotive intelligent power devices was estimated to be worth US$ 1.41 billion in 2022; by the end of 2033, it is anticipated to have grown to US$ 5.46 billion, with a CAGR of 13.2% between 2023 and 2033.

A power electronic switch called an automobile intelligent power device (IPD) has several diagnostic and fault-sensing characteristics that aid in the identification and mitigation of faults in automotive systems. It accurately supplies electricity to a range of loads. Manufacturers of automotive intelligent power devices in transportation applications should see major potential as plug-in hybrid electric vehicle (PHEV) production and sales increase. Additionally, the increase in charging stations will encourage the usage of power electronic components such insulated gate bipolar transistors and automotive power MOSFETs.

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The automotive intelligent power devices market is a rapidly growing segment of the automotive industry, involving the use of advanced power electronics technology to improve the efficiency, performance, and safety of vehicles. Intelligent power devices (IPDs) are semiconductor devices that combine power and control electronics, enabling faster and more precise control of power flow in automotive systems.

The automotive IPD market includes a range of companies, from large semiconductor manufacturers to automotive component suppliers. Some of the key players in the market include Infineon Technologies, ON Semiconductor, STMicroelectronics, Mitsubishi Electric, and Toshiba. These companies offer a variety of IPD solutions, including power modules, gate drivers, and other control and monitoring devices.

The automotive IPD market is being driven by a number of factors, including the growing demand for electric and hybrid vehicles, the need for improved efficiency and performance in automotive systems, and the increasing use of advanced driver assistance systems (ADAS) and autonomous driving technologies. In addition, the COVID-19 pandemic has accelerated the trend towards digitalization and automation in the automotive industry, further boosting demand for IPDs.

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Overall, the automotive IPD market is a dynamic and rapidly evolving segment of the automotive industry, with significant growth potential in the years ahead. As the automotive industry continues to shift towards electric and autonomous vehicles, the demand for advanced power electronics technology is likely to continue to rise, driving further innovation and growth in the IPD market.

Key Players:
Renesas Electronics Corporation
Infineon Technologies
STMicroelectronics
Toshiba Electronic Devices & Storage Corporation
ROHM Co., Ltd.
ON Semiconductor

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