Press release
Global Automotive Power Discrete Market Projected to Surpass 6.03 Billion by 2029 with 5.3% Annual Growth
Automotive Power Discrete Market
The automotive power discrete market has grown steadily and is expected to rise from $4.64 billion in 2024 to $4.9 billion in 2025, with a CAGR of 5.6%. Historical growth has been fueled by the adoption of autonomous vehicle features, expansion of the global automotive industry, advancements in safety systems, the push for fuel efficiency, and stricter emission regulations.
The automotive power discrete market is expected to see strong growth, reaching $6.03 billion by 2029 at a CAGR of 5.3%. Growth is driven by the electric vehicle revolution, advancements in vehicle electrification, integration of automotive electronics, stricter emission standards, and growth in autonomous and connected vehicles. Key trends include the rise of electric vehicles, advancements in automotive electronics, demand for fuel efficiency, and government regulations.
What Is Contributing to the Growth of the Automotive Power Discrete Market?
The rising adoption of electric cars is driving the automotive power discrete market, which is essential for managing electrical power within EVs. As electric car sales increased by 35% year-on-year in 2023, the demand for power discrete components is expected to grow to ensure safe and efficient operation.
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Which Key Market Leaders Are Driving Automotive Power Discrete Industry Growth?
Major companies operating in the automotive power discrete market report are Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Yole Group, Texas Instruments Incorporated, Schaeffler Technologies AG & Co. KG, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Danfoss, Onsemi, Amkor Technology Inc., Microchip Technology Inc., Fuji Electric Co. Ltd., United Automotive Electronic Systems Co. Ltd., Rohm Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Nexperia, Diodes Incorporated, Sanken Electric Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., Alpha and Omega Semiconductor Inc., Wolfspeed Inc., Semikron, Transphorm Inc.
What Are the Emerging Trends in the Automotive Power Discrete Industry?
Key players in the automotive power discrete market are intensifying efforts to develop high-power onboard chargers in order to enhance their competitive position. A high-power onboard charger is an advanced electrical component within electric or plug-in hybrid vehicles that rapidly converts incoming AC energy to DC to charge the vehicle's high-voltage battery pack. For example, Onsemi, a US-based semiconductor manufacturer, introduced the APM32 series in September 2022, consisting of three power modules for onboard chargers in electric cars. These modules use silicon carbide (SiC) technology and are designed for high-power onboard chargers (OBC) with capacities ranging from 11-22 kW. The APM32 series, the first of its kind, employs SiC technology in a transfer-molded package, enhancing efficiency and reducing charging time for all electric vehicle types.
What Are the Main Segments in the Automotive Power Discrete Market?
The automotive power discrete market covered in this report is segmented -
1) By Product: Gallium Nitride (GaN), Silicon Carbide (SiC)
2) By Devices: Power Integrated Circuits (IC), Power Module Or Discrete
3) By Component: Microcontroller, Sensor
4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
Subsegments:
1) By Gallium Nitride (GaN): GaN Power Transistors, GaN Power ICs, GaN Power Modules
2) By Silicon Carbide (SiC): SiC MOSFETs, SiC Schottky Diodes, SiC Power Modules
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Which Geographic Area Leads the Automotive Power Discrete Market?
North America was the largest region in the automotive power discrete market in 2024. The regions covered in the automotive power discrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Automotive Power Discrete Global Market Report?
- Market Size Analysis: Analyze the Automotive Power Discrete Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Power Discrete Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Power Discrete Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Power Discrete Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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