Automotive Power Discrete Market Set to Reach USD 44.63 Billion by 2030, Driven by Electrification and Advanced Semiconductor Adoption

The global automotive power discrete market is projected to grow from USD 30.07 billion in 2023 to USD 44.63 billion by 2030, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period. This growth is fueled by the increasing electrification of vehicles, rising demand for advanced safety features, and the adoption of wide bandgap semiconductors like Gallium Nitride (GaN) and Silicon Carbide (SiC).

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​Competitive Landscape and Regional Demand

Key players in the automotive power discrete market include Infineon Technologies AG, Texas Instruments Inc., NXP Semiconductors N.V., STMicroelectronics N.V., ON Semiconductor Corporation, Robert Bosch GmbH, Continental AG, Mitsubishi Electric Corporation, Hitachi, Ltd., and Toshiba Corporation. These companies are focusing on innovation and strategic partnerships to enhance their market presence.​

North America held the highest market share in 2022, accounting for more than one-third of the global automotive power electronics market revenue, and is estimated to maintain its leadership status throughout the forecast period. Asia-Pacific is projected to hold the highest CAGR over the forecast period, driven by innovations in semiconductor materials and supportive government initiatives. ​

Regional Insights

Growth and Trends in the United States

The United States is experiencing robust growth in the automotive power discrete market, propelled by the increasing adoption of electric vehicles and advancements in power electronics. The presence of major automotive manufacturers and technology companies is fostering innovation and driving demand for power discrete components.​

Opportunities and Consolidation in Asia-Pacific

Asia-Pacific is projected to hold the highest CAGR over the forecast period, driven by innovations in semiconductor materials such as SiC and GaN, and supportive government initiatives aimed at reducing carbon emissions. The region's focus on innovation, supported by significant investments in research and development, is fueling advancements in power electronics.

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Trends and Updation in the Middle East and Africa

The Middle East and Africa region is gradually embracing automotive power discrete technologies, with increasing government initiatives and investments in automotive infrastructure. However, limited adoption and infrastructure remain challenges that need to be addressed to unlock the region's full potential.​

Growth and Developments in Europe

Europe is projected to demonstrate significant growth over the forecast period, attributed to the growing demand for electric vehicles due to carbon emissions laws passed by the European Union and respective national governments. Major automotive manufacturers in the region are investing heavily in research and development activities aimed at producing high-performance, fuel-efficient, and low-carbon-emitting powertrains.

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Market Segmentation: In-Depth Analysis:

by Product

GaN
SiC

The automotive power discrete market is divided into two segments based on product: GaN and SiC.Due primarily to the growing availability of next-generation SiC discrete devices for electric vehicle applications, the SiC category dominated the market. In general, several automobile power systems have been regulated using silicon power devices. Recent developments in compound semiconductor devices, like as silicon carbide (SiC), have increased the efficiency of the majority of automotive systems. High-frequency operation and lower switching rates are two advantages of Infineon's discrete devices, including the 1200 V CoolSiC MOSFET (Metal Oxide Silicon Field Effect Transistor), which are meant to increase the effectiveness of electrical vehicle charging systems.

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, the passenger car category led the automotive power discrete market in 2023. The domination of the passenger car category is being driven by the requirement for safety systems and fuel-efficient technology connected to vehicle power trains. Due to shifting consumer tastes, a range of safety, comfort, entertainment, and vehicle control technologies have been added to passenger cars in recent years. In order to satisfy consumer demand, OEMs are also actively introducing new automobile models and variants. The growing population in emerging nations also pushes automakers to include specialized features into their latest passenger car models.

 

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Market Key Players : In-Depth Analysis:

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

Note:

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