Automotive Power Discrete Market Latest Trends Analysis, Progression Status, Revenue and Forecast to 2029

Automotive Power Discrete Market Expected to Reach USD 42.18 Billion by 2029, with 5.8 % CAGR

Automotive Power Discrete Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Automotive Power Discrete industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Automotive Power Discrete Market Dynamics

Drivers:

The market is propelled by the surge in vehicle electrification, higher electronic content per vehicle, increased production and sales of plug-in hybrid electric vehicles (PHEVs), and the pursuit of safer, fuel-efficient vehicles. The popularity of premium vehicles has also contributed significantly to market growth.

Restraints:

However, challenges arise from the intricate design and integration processes involved in the automotive power electronics industry. The shift towards integrating multiple functionalities on a single chip is leading to complex designs, affecting performance. The limited availability of GaN products stands as another restraining factor.

Opportunities and Challenges:

Opportunities lie in the increased utilization of wide bandgap semiconductors like GaN and SiC, offering greater thermal conductivity, faster switching rates, and compact sizes compared to silicon devices. However, challenges persist in meeting demands for compact, high-efficiency devices as consumer preferences lean toward smaller and portable automotive devices.

Automotive Power Discrete Market Segmentation

Automotive Power Discrete Market, by Product

GaN
SiC

The Automotive Power Discrete Market is divided into GaN and SiC segments based on product.The increasing availability of next-generation SiC discrete devices for electric car applications was the primary factor driving the SiC segment's dominance in the market. Typically, many vehicle power systems have been regulated by silicon power devices. Compound semiconductor devices, such as Silicon Carbide (SiC), have recently advanced to the point that most automotive systems are now more efficient. For instance, high-frequency operation and lower switching rates are two advantages of Infineon's discrete devices, like the 1200 V CoolSiC MOSFET (Metal Oxide Silicon Field Effect Transistor), which are meant to increase the effectiveness of electronic vehicle charging systems.

Automotive Power Discrete Market, by Vehicle type

Passenger vehicle
Commercial vehicle

The Automotive Power Discrete Market is divided into two segments based on the type of vehicle: passenger vehicles and commercial vehicles. With a 69% market share in 2022, the passenger car category led the Automotive Power Discrete Market. The passenger vehicle segment is dominating because of the necessity for safety systems and fuel-efficient technology connected to vehicle power trains. Due to shifting consumer expectations, a wide range of safety, comfort, entertainment, and vehicle control technologies have been incorporated to passenger cars in recent years. OEMs are also actively introducing new car models and variations to satisfy consumer demand. Growing populations in emerging nations also push OEMs to add specialist features to their latest passenger car models.

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Automotive Power Discrete Market Key Players

1. Infineon Technologies
2.Robert Bosch
3. Continental AG
4. ON Semiconductor
5. Rohm Semiconductor
6. ST Microelectronics
7. Danfoss
8. Vishay
9. Others

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Table of content for the Automotive Power Discrete Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Power Discrete Market Report

Part 03: Global Automotive Power Discrete Market Landscape

Part 04: Global Automotive Power Discrete Market Sizing

Part 05: Global Automotive Power Discrete Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America held a dominant 39% market share in 2022, while the Asia-Pacific region is poised for significant growth at a projected CAGR of 5.8%. Factors contributing to North America's growth include marketing analytics tools and the presence of established market players. In contrast, the Asia-Pacific region's rise is fueled by a burgeoning population and subsequent increased demand.

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