Automotive Intelligent Power Devices Market to Expand at 13.3% CAGR Through 2032 - Persistence Market Research

The global automotive intelligent power devices market is undergoing a dynamic transformation, largely propelled by the rapid electrification of vehicles and demand for efficient, compact, and reliable electronic systems. These devices play a critical role in vehicle subsystems such as powertrain, battery management, safety modules, and body electronics by enhancing switching performance and integrating fault-detection capabilities.

In 2025, the market is valued at US$ 2,045.3 million, and it is projected to grow at a CAGR of 13.3% to reach US$ 4,901.9 million by 2032. The growth is being largely driven by the surge in adoption of electric and hybrid vehicles, the proliferation of charging infrastructure, and ongoing innovations in power electronics.

The automotive IGBT (Insulated Gate Bipolar Transistor) segment is the most dominant product type, capturing 60.6% market share in 2024 due to its efficiency in high-voltage operations with minimal power loss. Among applications, body control units (BCUs) lead the market with a 14.1% share, thanks to rising consumer demand for smart, connected, and safety-enhanced vehicles.

East Asia, led by Japan, China, and South Korea, currently dominates the global market, accounting for 27.3% of total revenue in 2024. This is largely due to the presence of major automotive manufacturers, rapid electrification of transportation, and strong government support for EV development.

✅Get a Sample Copy of Research Report (Use Corporate Mail id for Quick Response): https://www.persistencemarketresearch.com/samples/33285

Key Highlights from the Report

➤ The global automotive intelligent power devices market is projected to reach $4.9 billion by 2032.
➤ North America dominates the market due to advanced EV infrastructure and OEM innovation.
➤ The automotive IGBT segment accounts for the highest revenue share at 60.6%.
➤ Rising demand for EVs and energy-efficient mobility solutions is fueling market expansion.
➤ Strategic partnerships between OEMs and semiconductor companies are shaping competitive dynamics.
➤ Innovations in silicon carbide (SiC) and GaN technologies are creating new growth avenues.

How is the Market Segmented by Product, Application, and End-User?

By Product Type:

The market is segmented into Automotive IGBTs, Automotive IGBT Modules, Discrete IGBTs, and Power MOSFETs (including N-Channel, P-Channel, and N&P Channel MOSFETs). Among these, Automotive IGBTs dominate due to their ability to operate at high voltages with minimal loss, making them ideal for EV powertrains and inverters. Meanwhile, MOSFETs are gaining popularity in low-voltage applications like lighting, infotainment, and fuel injection.

By Application:

Applications include Body Control Units (BCUs), Powertrains, HVAC, Lighting Systems, Battery Management Systems, On-Board Chargers, and Electric Power Steering (EPS). BCUs lead due to their central role in vehicle automation and comfort features. However, with the rise in EVs, the demand for battery management systems and onboard charging solutions is also increasing rapidly.

By End-User:

The end-user segmentation includes Internal Combustion Engine (ICE) Vehicles, Passenger EVs, and Commercial EVs. While ICE vehicles still use power devices, the electric passenger car segment is emerging as the fastest-growing category due to stricter emission regulations and consumer demand for sustainability.

Which Regions Are Leading the Market and Why?

East Asia:

East Asia remains the largest regional market, led by China, Japan, and South Korea. The region benefits from strong governmental policies promoting EVs, extensive automotive manufacturing infrastructure, and rapid advances in power electronics. In 2024, East Asia captured a 27.3% market share. Japan's focus on high-efficiency automotive semiconductors and China's dominance in EV production are primary drivers.

North America and Europe:

North America is expected to exhibit the fastest growth, with a CAGR of 14.7% from 2024 to 2032. Factors include robust EV adoption, favorable federal incentives, and technology leadership from U.S.-based companies. Europe, especially Germany, is also a stronghold due to the focus on clean mobility, EV subsidies, and the growing demand for advanced vehicle electronics. Germany alone held a 24.7% share in 2024.

Emerging markets like India and Southeast Asia are becoming future hotspots. In India, the intelligent power devices market is projected to grow at 15.5% CAGR, backed by local EV production, government support, and rising consumer awareness.

What Factors Are Driving Growth in the Automotive Intelligent Power Devices Market?

Market Drivers:

One of the biggest growth drivers is the increasing global demand for electric and hybrid vehicles, which require highly efficient power electronics for systems such as inverters, battery management, and regenerative braking. Another significant factor is governmental regulatory support, including emission norms and EV subsidies across key regions. The development of silicon carbide (SiC) and gallium nitride (GaN) technologies is also accelerating innovation in automotive power electronics, delivering better thermal performance and higher efficiency.

Market Restraints:

Despite rapid growth, the market faces several challenges. The complex design and high cost of advanced intelligent power modules make it difficult for mid-tier OEMs to adopt them. Additionally, limited awareness and lack of skilled workforce for advanced power electronics implementation, especially in developing economies, restrain growth. Supply chain disruptions and chip shortages, which the industry faced in recent years, are also critical barriers to seamless production and delivery.

✅Request for Customization of the Research Report: https://www.persistencemarketresearch.com/request-customization/33285

Market Opportunities:

The untapped potential in developing countries, especially in India, Brazil, and parts of Southeast Asia, represents a massive growth opportunity. Strategic partnerships between semiconductor firms and automotive OEMs to develop integrated systems for EVs are opening new avenues. Moreover, the rise of connected and autonomous vehicles is increasing the demand for high-reliability, multi-functional intelligent power devices.

Frequently Asked Questions about the Automotive Intelligent Power Devices Market:

➤ How Big is the Automotive Intelligent Power Devices Market in 2024?
➤ Who are the Key Players in the Global Automotive Intelligent Power Devices Market?
➤ What is the Projected Growth Rate of the Automotive Intelligent Power Devices Market?
➤ What is the Market Forecast for the Automotive Intelligent Power Devices Market through 2032?
➤ Which Region is estimated to dominate the Automotive Intelligent Power Devices Market during the Forecast Period?

Company Insights: Leading Players in Automotive Intelligent Power Devices

✦ Infineon Technologies AG
✦ STMicroelectronics
✦ ROHM Co., Ltd.
✦ Renesas Electronics Corporation
✦ Toshiba Electronic Devices & Storage Corporation
✦ ON Semiconductor Corporation
✦ Mitsubishi Electric Corporation
✦ NXP Semiconductors

Recent Developments in the Automotive Intelligent Power Devices Market

■ Infineon Technologies launched the CoolMOS CFD7A series for onboard chargers and DC-DC converters in EVs.
■ STMicroelectronics partnered with Olivetti to expand into connected car solutions using advanced SiC technology.

Conclusion

The global automotive intelligent power devices market is on a high-growth trajectory, driven by surging EV adoption, regulatory mandates, and the demand for safer, smarter, and energy-efficient vehicles. Valued at US$ 2,045.3 Mn in 2025, the market is forecasted to reach US$ 4,901.9 Mn by 2032, growing at an impressive 13.3% CAGR.

With East Asia and North America leading the charge, the market is poised for expansion as automotive IGBTs and body control units remain the backbone of intelligent power systems. For manufacturers, addressing design complexities while continuing to innovate in SiC and GaN technologies will be key to staying competitive.

As electrification accelerates and vehicle architectures become increasingly software-defined and power-intensive, the automotive intelligent power devices industry is positioned as a foundational pillar in the future of mobility.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.