Power Semiconductor in Automotive Market Overview
This report studies the Automotive-grade semiconductor power device, used in EV Main Inverter (Electric Traction), OBC and DC/DC, etc.
This report provides a deep insight into the global Power Semiconductor in Automotive market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Power Semiconductor in Automotive Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Power Semiconductor in Automotive market in any manner.
Power Semiconductor in Automotive Market Analysis:
The global Power Semiconductor in Automotive Market size was estimated at USD 5062 million in 2023 and is projected to reach USD 18032.52 million by 2030, exhibiting a CAGR of 19.90% during the forecast period.
North America Power Semiconductor in Automotive market size was USD 1319.01 million in 2023, at a CAGR of 17.06% during the forecast period of 2025 through 2030.
Power Semiconductor in Automotive Key Market Trends :
- Growing Adoption of SiC and GaN Technologies – Automakers are shifting towards SiC and GaN-based power semiconductors due to their higher efficiency and power density.
- Electrification of Vehicles – The rise of electric and hybrid vehicles is driving the demand for high-performance automotive power semiconductors.
- Advancements in Power Modules – Innovations in automotive-grade IGBT and MOSFET modules are enhancing vehicle efficiency and performance.
- Expansion of EV Charging Infrastructure – Increasing fast-charging networks require advanced power semiconductor solutions for improved energy efficiency.
- Government Regulations Favoring EVs – Incentives and emission norms worldwide are pushing automakers to adopt energy-efficient semiconductor components.
Power Semiconductor in Automotive Market Regional Analysis :
North America:
Strong demand driven by EVs, 5G infrastructure, and renewable energy, with the U.S. leading the market.
Europe:
Growth fueled by automotive electrification, renewable energy, and strong regulatory support, with Germany as a key player.
Asia-Pacific:
Dominates the market due to large-scale manufacturing in China and Japan, with growing demand from EVs, 5G, and semiconductors.
South America:
Emerging market, driven by renewable energy and EV adoption, with Brazil leading growth.
Middle East & Africa:
Gradual growth, mainly due to investments in renewable energy and EV infrastructure, with Saudi Arabia and UAE as key contributors.
Power Semiconductor in Automotive Market Segmentation :
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
- STMicroelectronics
- Infineon
- Wolfspeed
- Rohm
- onsemi
- Microchip (Microsemi)
- Mitsubishi Electric (Vincotech)
- Semikron Danfoss
- Fuji Electric
- Toshiba
- Bosch
- Littelfuse (IXYS)
- Nexperia
- Denso
- Texas Instruments
- MinebeaMitsumi (Hitachi Power Semiconductor)
- KEC Corporation
- BYD Semiconductor
- StarPower Semiconductor
- Zhuzhou CRRC Times Electric
- BASiC Semiconductor
- CETC 55
- Guangdong AccoPower Semiconductor
- Grecon Semiconductor (Shanghai) Co.
- Ltd
Market Segmentation (by Type)
- Automotive Grade SiC Module
- Automotive Grade IGBT Module
- Automotive Grade IGBT Discrete
- Si & SiC MOSFET Discrete
- Automotive Grade Diode
- Others
Market Segmentation (by Application)
- Main Inverter (Electric Traction)
- OBC
- DC/DC Converter for EV/HEV
Market Drivers
- Rapid Growth in Electric Vehicle (EV) Adoption – Rising EV production globally is increasing the demand for power semiconductors in main inverters, OBCs, and DC/DC converters.
- Superior Performance of Power Semiconductors – SiC and IGBT-based semiconductors offer higher efficiency, lower power loss, and better thermal performance.
- Expansion of Automotive Semiconductor Manufacturing – Companies are investing in new semiconductor fabs and production lines to meet the growing demand.
Market Restraints
- High Manufacturing Costs – Producing automotive-grade power semiconductors, especially SiC-based components, remains expensive.
- Complex Supply Chain Issues – Shortages in semiconductor raw materials and production constraints can slow market growth.
- Technical Challenges in SiC Adoption – Transitioning from traditional silicon-based components to SiC technology requires significant R&D investment.
Market Opportunities
- Development of Next-Gen EV Powertrains – Advancements in power semiconductor technology will drive efficiency improvements in electric vehicles.
- Expansion of Semiconductor Production Facilities – Increased investment in new fabs and wafer production will help reduce costs and improve supply stability.
- Integration with AI and Smart Energy Management – AI-powered systems can optimize power semiconductor performance in EV applications.
Market Challenges
- Competition from Silicon-Based Alternatives – While SiC and GaN are gaining traction, traditional silicon-based power semiconductors remain a cost-effective alternative.
- Limited SiC Wafer Supply – The global supply chain for high-quality SiC wafers is still constrained, impacting production capabilities.
- Stringent Automotive Standards and Regulations – Meeting industry-specific safety and reliability standards increases development time and costs.
Power Semiconductor in Automotive Market News :
Onsemi’s Hostile Bid for Allegro MicroSystems
Date: March 6, 2025
Overview: Onsemi, a semiconductor manufacturer, made a $6.9 billion hostile offer to acquire Allegro MicroSystems at $35.10 per share. Despite potential synergies in the automotive semiconductor market, Allegro rejected the bid, considering it inadequate.
China’s Push for Domestic Semiconductor Use in EVs
Date: January 2025
Overview: China has increased the use of domestically produced semiconductor chips in electric vehicles (EVs), with homegrown chips now comprising around 15% of the total used—a figure expected to grow. This initiative aims to enhance self-sufficiency in key technologies within the EV sector.
ROHM and Toshiba’s Collaboration in Power Semiconductor Production
Date: November 2023
Overview: ROHM and Toshiba have partnered to enhance production and research in the power semiconductor industry, aiming to expand capacities for silicon carbide (SiC) devices, which are crucial for automotive applications.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Power Semiconductor in Automotive Market
- Overview of the regional outlook of the Power Semiconductor in Automotive Market:
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FAQs
Q: What are the key driving factors and opportunities in the Power Semiconductor in Automotive Market?
A: The rapid adoption of EVs, advancements in SiC technology, and increasing investments in semiconductor manufacturing are major drivers. Opportunities lie in next-gen EV powertrains and AI-integrated power solutions.
Q: Which region is projected to have the largest market share?
A: Asia-Pacific is expected to dominate due to strong semiconductor manufacturing capabilities and high EV production in China, Japan, and South Korea.
Q: Who are the top players in the global Power Semiconductor in Automotive Market?
A: Key players include STMicroelectronics, Infineon, Wolfspeed, Rohm, onsemi, Mitsubishi Electric, Texas Instruments, and Bosch.
Q: What are the latest technological advancements in the industry?
A: Innovations include SiC MOSFETs, advanced IGBT modules, GaN-based semiconductors, and AI-driven power management for EVs.
Q: What is the current size of the global Power Semiconductor in Automotive Market?
A: The market was valued at USD 5062 million in 2023 and is projected to reach USD 18032.52 million by 2030, growing at a CAGR of 19.90%.
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