Comprehensive 2025 Automotive Power Discrete Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Automotive Power Discrete Market Through 2025?
The market size for automotive power discrete has seen significant expansion in preceding years. The market is projected to rise from $4.64 billion in 2024 to $4.9 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. The progression experienced in the past years is tied to the shift towards autonomous features, global growth in the automotive sector, improvement in safety systems, a greater emphasis on fuel efficiency, and more stringent emission regulations.

What's the Projected Size of the Global Automotive Power Discrete Market by 2029?
The value of the automotive power discrete market is projected to increase significantly in the coming years, with expected growth to $6.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this anticipated surge during the forecast period include the growth of electric vehicles, advances in vehicle electrification, increasing integration of automotive electronics, conformance to rigorous emission standards, and the proliferation of autonomous and connected vehicles. Key trends during this period include the accelerating electric vehicle (EV) movement, advancements in automotive electronics, the need for improved fuel efficiency, the increasing adoption of hybrid vehicles, along with governmental regulations and emission standards.

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Top Growth Drivers in the Automotive Power Discrete Industry: What's Accelerating the Market?
The surge in electric car demand is anticipated to spur the expansion of the automotive power discrete market. Electric cars, which are driven by electricity, distinguish themselves from traditional automobiles that run on gasoline or diesel. Within the electrical and battery management systems of these vehicles, automotive power discrete components are vital in controlling and managing electrical power. They protect the battery from overcharging or draining and ensure safe and efficient function. As per the International Energy Agency (IEA), a France-based international organization, electric cars constituted 14% of all new car sales worldwide in 2022, marking a 9% rise from 2021. It is also forecasted that 14 million electric cars will be sold by the end of 2023, representing a 35% increase year-on-year. Thus, the rising demand for electric cars is boosting the automotive power discrete market's growth. The automotive power discrete market's expansion is also anticipated to be fueled by the growing attraction towards premium vehicles. Premium vehicles, known for their superior quality, comfort, performance, and features, are a cut above standard vehicles. Notably, these vehicles' distinctive attributes include high-quality craftsmanship, cutting-edge technology, luxurious materials, detailed design, and engineering. Power discrete components are fundamental to premium vehicles due to their advanced electronics, improved performance, luxurious features, personalization, compliance, innovation, influential market presence, and high consumer expectations. They improve power management, boost performance, and ensure regulatory compliance, thereby augmenting the overall excellence of premium vehicles. According to the BMW Group, a prominent luxury vehicle company based in Germany, BMW Group's sales soared to 718,778 units in the fourth quarter of 2023, signifying a 10.3% increase compared to the past year. Thus, the escalating popularity of premium cars is propelling the automotive power discrete market forward.

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What Trends Will Shape the Automotive Power Discrete Market Through 2029 and Beyond?
Key players in the automotive power discrete market, such as Onsemi, are concentrating on the development of high-power on-board chargers, a strategy aimed at gaining a competitive market advantage. These high-power on-board chargers, along with advanced electrical components, are integral to electric or plug-in hybrid vehicles, as they quickly transform incoming AC power to DC, charging the vehicle's high-voltage battery rapidly. Onsemi, a US semiconductor manufacturer, unveiled a pioneering product, the APM32 series in September 2022. These power modules for buses in electric vehicles leverage silicon carbide (SiC) technology, specifically tailored for high-power on-board charger capacities of 11-22 kW, are the first of their kind to utilize SiC technology in a transfer-moulded package, leading to improved efficiency and reduced charging time across 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 Top Companies are Driving Growth in the Automotive Power Discrete Market?
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.

Which Regions Will Dominate the Automotive Power Discrete Market Through 2029?
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

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