How big is the Power Semiconductor Market?

The Power Semiconductor Market size is expected to reach USD 54.20 billion in 2024 and grow at a CAGR of 4.93% to reach USD 70.83 billion by 2029. Read More

What is the current Power Semiconductor Market size?

In 2024, the Power Semiconductor Market size is expected to reach USD 54.20 billion. Read More

Who are the key players in Power Semiconductor Market?

Infineon Technologies AG, Texas Instruments Inc., STMicroelectronics NV, NXP Semiconductors NV and Qorvo Inc. are the major companies operating in the Power Semiconductor Market. Read More

Which is the fastest growing region in Power Semiconductor Market?

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Power Semiconductor Market?

In 2024, the Asia accounts for the largest market share in Power Semiconductor Market. Read More

What years does this Power Semiconductor Market cover, and what was the market size in 2023?

In 2023, the Power Semiconductor Market size was estimated at USD 51.53 billion. The report covers the Power Semiconductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Power Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the Power Semiconductor Market?

Emerging trends in the Power Semiconductor Market include a) Integration of IoT in power semiconductors b) Development of 5G technology c) Increased focus on sustainable energy solutions Read More

Power Semiconductor Market - Share, Companies & Industry Size

Power Semiconductor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Power Semiconductor Market is Segmented by Component (Discrete (Rectifier, Bipolar, MOSFET, IGBT, and Other Discrete Components), Modules (Thyristor, IGBT, and MOSFET), Power IC (Multichannel PMICs, Switching Regulators (AC/DC, DC/DC, Isolated and Non-Isolated), Linear Regulators, Bmics, Other Components)), Material (Silicon/ Germanium, Silicon Carbide (SiC), Gallium Nitride (GaN)), End-User Industry (Automotive, Consumer Electronics, IT & Telecommunications, Military & Aerospace, Power, Industrial, and Other End-User Industries), and Geography (United States, Europe, Japan, China, South Korea, Taiwan, Rest of the World). The Market Sizes and Value (USD) Forecasts for all Segments are Provided.

Power Semiconductor Industry Overview

The power semiconductor market is fragmented and comprises several global and popular players, such as Infineon Technologies AG, Texas Instruments Inc., STMicroelectronics NV, NXP Semiconductors NV, Qorvo Inc., and others. Furthermore, in a market where the sustainable competitive advantage through innovation is considerably high, the competition is expected only to increase, considering the anticipated surge in demand from new customers from the end-user industries.

• June 2024 - US semiconductor giant Texas Instruments and Taiwanese electronics expert Delta Electronics joined forces to enhance power electronics for electric vehicles. Their initial focus was on crafting a lighter, more cost-efficient 11 kW onboard charger; this marked just the beginning of their partnership. In the long run, the two firms, TI and Delta, will leverage their joint innovation lab in Pingzhen, Taiwan, pooling their expertise in power management and supply. Their goal is to boost power density, enhance performance, and shrink sizes, all in a bid to hasten the arrival of safer, speedier, and more affordable electric vehicles.

• April 2024 - Infineon Technologies AG partnered with FOXESS, which specializes in inverters and energy storage systems. The collaboration was geared toward advancing green energy initiatives. Infineon's contribution includes supplying FOXESS with its cutting-edge CoolSiC MOSFETs rated at 1,200 V. These will be paired with EiceDRIVER gate drivers, tailored explicitly for industrial energy storage applications.