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Report
Power Semiconductor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 142 Pages I IMARC Group
The global power semiconductor market size reached US$ 41.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Power semiconductors are fundamental components of modern power electronic circuitry machines that convert energy from one form to another at various stages. They are manufactured using silicon carbide (Sic), germanium and gallium nitride (GaN). These devices are widely being used for wireless communication, motion control, computer systems, advanced control of electric drives, antennas, broadband wireless techniques and satellite systems. Power semiconductors form an indispensable part of electrical appliances, machines, and systems and are majorly used in applications requiring conversion of large voltages and currents without damages. As compared to electro-mechanical converter systems, power semiconductors offer a faster dynamic response, lower installation cost and reduced thermal dissipation. Consequently, they are widely used across various industries, such as automotive, military, aerospace, consumer electronics, information technology and telecommunications.
Power Semiconductor Market Trends:
Rapid expansion in the automotive industry across the globe is one of the key factors creating a positive outlook for the market growth. Power semiconductors are widely fitted with electronic components and integrated chips in automobile parts, such as steering systems, braking, fuel delivery and safety systems. In line with this, the widespread product adoption in electric vehicles, plug-in electric vehicles, and hybrid electric vehicles (EVs/HEVs) for providing higher efficiency in converters and enhancing battery management systems and power electronic switches are favoring the market growth. Moreover, various technological advancements, such as the utilization of x-by-wire or drive-by-wire technologies that assist in decreasing the weight of the vehicle, enhancing fuel efficiency and reducing emission, are providing an impetus to the market growth. Additionally, the widespread product utilization in lightweight, small and portable consumer electronics, such as smartphones, tablets, smartwatches, fitness bands and communication devices, is positively impacting the market growth. Other factors, including increasing demand for renewable energy sources and the implementation of various government initiatives to promote power-efficient devices, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power semiconductor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, material and end use industry.
Breakup by Component:
Discrete
Module
Power Integrated Circuits
Breakup by Material:
Silicon/Germanium
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Breakup by End Use Industry:
Automotive
Consumer Electronics
Industrial
Power and Energy
IT and Telecommunication
Military and Aerospace
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Broadcom Inc., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductor Inc., Onsemi, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation and Vishay Intertechnology Inc.
Key Questions Answered in This Report:
How has the global power semiconductor market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global power semiconductor market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the material?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global power semiconductor market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Power Semiconductor Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Discrete
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Module
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Power Integrated Circuits
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Material
7.1 Silicon/Germanium
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Silicon Carbide (SiC)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Gallium Nitride (GaN)
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Consumer Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Power and Energy
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 IT and Telecommunication
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Military and Aerospace
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Broadcom Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Fuji Electric Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hitachi Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Infineon Technologies AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Microchip Technology Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Mitsubishi Electric Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 NXP Semiconductor Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Onsemi
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Renesas Electronics Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 ROHM Co. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 STMicroelectronics
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Texas Instruments Incorporated
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Toshiba Corporation
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
14.3.15 Vishay Intertechnology Inc.
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
Figure 1: Global: Power Semiconductor Market: Major Drivers and Challenges
Figure 2: Global: Power Semiconductor Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Power Semiconductor Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Power Semiconductor Market: Breakup by Component (in %), 2022
Figure 5: Global: Power Semiconductor Market: Breakup by Material (in %), 2022
Figure 6: Global: Power Semiconductor Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Power Semiconductor Market: Breakup by Region (in %), 2022
Figure 8: Global: Power Semiconductor (Discrete) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Power Semiconductor (Discrete) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Power Semiconductor (Module) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Power Semiconductor (Module) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Power Semiconductor (Power Integrated Circuits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Power Semiconductor (Power Integrated Circuits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Power Semiconductor (Silicon/Germanium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Power Semiconductor (Silicon/Germanium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Power Semiconductor (Silicon Carbide-SiC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Power Semiconductor (Silicon Carbide-SiC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Power Semiconductor (Gallium Nitride-GaN) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Power Semiconductor (Gallium Nitride-GaN) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Power Semiconductor (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Power Semiconductor (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Power Semiconductor (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Power Semiconductor (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Power Semiconductor (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Power Semiconductor (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Power Semiconductor (Power and Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Power Semiconductor (Power and Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Power Semiconductor (IT and Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Power Semiconductor (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Power Semiconductor (Military and Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Power Semiconductor (Military and Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Power Semiconductor (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Power Semiconductor (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Power Semiconductor Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Power Semiconductor Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Power Semiconductor Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Power Semiconductor Industry: SWOT Analysis
Figure 84: Global: Power Semiconductor Industry: Value Chain Analysis
Figure 85: Global: Power Semiconductor Industry: Porter's Five Forces Analysis
Table 1: Global: Power Semiconductor Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Power Semiconductor Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Power Semiconductor Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: Power Semiconductor Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Power Semiconductor Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Power Semiconductor Market: Competitive Structure
Table 7: Global: Power Semiconductor Market: Key Players
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