Global Automotive Power Discrete Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Automotive Power Discrete Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Automotive Power Discrete Market Size and Projected Growth Rate?
In recent times, the market size for automotive power discrete has been seeing substantial growth. It is projected to increase from $4.64 billion in 2024 to $4.9 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. The significant growth during the historical period can be traced back to the move towards autonomous characteristics, growth in the global automotive industry, advances in safety systems, emphasis on fuel efficiency, and tougher emission regulations.

In the coming years, a substantial increase is anticipated in the automotive power discrete market, with a predicted value of $6.03 billion by 2029 and a compound annual growth rate (CAGR) of 5.3%. The surge can be credited to several factors such as the burgeoning expansion of electric vehicles, developments in vehicle electrification, increased integration of automotive electronics, adherence to stringent emission norms and the growth of autonomous and connected vehicles. The forecast period is also expected to observe trends such as the revolution of electric vehicles (EV), advancements in the sphere of automotive electronics, an increasing demand for fuel efficiency, a rise in the adoption of hybrid vehicles, and evolving government regulations and emission standards.

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What Are the Major 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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What Are The Driving Automotive Power Discrete Market Evolution?
The upward trend in electric car demand is anticipated to spur the expansion of the automotive power discrete market. Electric vehicles, powered by electricity rather than gasoline or diesel combustion engines, make substantial use of automotive power discrete components. These components oversee and manage electricity flow within an electric vehicle's electrical and battery management systems to safeguard against overcharging or discharging, ensuring safety and efficiency. For example, the International Energy Agency (IEA), a France-based intergovernmental organization, reported in April 2023 that 14% of all new cars sold worldwide in 2022 were electric, a 9% rise from 2021. Further, it's projected that 14 million electric cars will be sold by the end of 2023, a year-on-year increase of 35%, thus fueling the automotive power discrete market's growth. The surge in popularity of premium vehicles is projected to fuel the advancement of the automotive power discrete market. Premium vehicles, superior in quality, comfort, performance, and features as compared to their standard counterparts, heavily rely on power discrete components. These components are critical, given the advanced electronics, recognition for performance, luxury features, personalization capabilities, market influence, and increasingly high consumer expectations. They better power management, improve performance, and help meet regulatory requirements, thereby enhancing the overall worth of premium vehicles. As an example, in January 2024, the Germany-based luxury vehicles company, the BMW Group, declared that in the last quarter of 2023, its sales escalated to 718,778 units, a 10.3% increase year on year. Thus, the rising popularity of premium vehicles underpins the development of the automotive power discrete market.

Which Firms Dominate The Automotive Power Discrete Market Segments?
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 Trends Are Driving Growth in The Automotive Power Discrete Market?
To gain a competitive advantage in the automotive power discrete market, leading companies are stepping up their efforts to create potent on-board chargers. These advanced electrical components, installed in electric or plug-in hybrid vehicles, are critical for quickly transforming AC electricity into DC electricity to power the vehicle's high-voltage battery pack. For example, Onsemi, an American semiconductor manufacturer, introduced the APM32 range of three power modules for on-board chargers in electric vehicles in September 2022. These modules, the first of their kind, leverage silicon carbide (SiC) technology and are specifically suited to high-power on-board chargers (OBC) with an 11-22 kW capacity. They are encased in a transfer-molded package with SiC technology, which boosts efficiency and reduces charge time for all electric vehicle models.

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Which Is The Largest Region In 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Power Discrete Market?
2. What is the CAGR expected in the Automotive Power Discrete Market?
3. What Are the Key Innovations Transforming the Automotive Power Discrete Industry?
4. Which Region Is Leading the Automotive Power Discrete Market?

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