Automotive Power Discrete Market Size worth $7,588.92 Million by 2032 | CAGR: 6.10%

The global Automotive Power Discrete market is expected to grow at growth rate of 6.10% to reach USD 7,588.92 Million by 2032.

Automotive power devices are specialized semiconductor components designed to control and manage electrical power within vehicles. Key devices such as MOSFETs, IGBTs, and diodes play a crucial role in enabling efficient power conversion, distribution, and management across various automotive systems. These components are vital for powering systems like advanced driver-assistance systems (ADAS), infotainment, lighting, and electric powertrains. The rising demand for electric vehicles and innovations in automotive electronics, aimed at improving vehicle efficiency and safety, are driving the growth of this market. Additionally, the increasing complexity of automotive electronics, including systems like ADAS, telematics, and infotainment, is fueling the need for dependable and efficient power management solutions, further driving the demand for these power discrete devices.

The growing demand for electric vehicles (EVs) is set to drive significant growth in the automotive power discrete market. Unlike traditional vehicles powered by internal combustion engines, EVs rely on electricity, and automotive power discrete components are essential for managing and regulating electrical power flow within the vehicle's battery management and electrical systems. These components help maintain the safety and efficiency of the vehicle by preventing battery overcharging or excessive discharging.

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According to an April 2023 report from the International Energy Agency (IEA), electric car sales represented 14% of all new cars sold globally in 2022, marking a 9% increase compared to 2021. Projections suggest that by the end of 2023, sales will reach 14 million electric cars, reflecting a 35% year-over-year increase. This surge in EV sales is driving the growth of the automotive power discrete market, as the need for efficient power management systems becomes more critical in the expanding electric vehicle sector.

 KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The automotive power discrete market is highly competitive, with numerous leading players vying for a larger market share. Key companies like STMicroelectronics N.V., Texas Instruments Incorporated, and Infineon Technologies AG, along with other emerging players, are driving market growth through continuous innovation, technological advancements, and strategic partnerships. This competitive landscape features both established industry giants and newer entrants, all focused on leveraging cutting-edge technologies and expanding their market reach.

To stay ahead, major players are making significant investments in the development of high-power onboard chargers for electric vehicles (EVs). For instance, in September 2022, US-based semiconductor manufacturer Onsemi launched its APM32 series, which includes three power modules designed specifically for high-power EV onboard chargers with capacities ranging from 11–22 kW. These modules incorporate silicon carbide (SiC) technology, a first for transfer-molded packages. The APM32 series enhances charging efficiency and reduces charging times for all types of electric vehicles, marking a significant advancement in the industry and reinforcing the company’s competitive position.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL AUTOMOTIVE POWER DISCRETE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Ø Infineon Technologies AG

Ø Mitsubishi Electric Corporation

Ø Vishay Intertechnology, Inc.

Ø ON Semiconductor Corporation

Ø NXP Semiconductors N.V.

Ø STMicroelectronics N.V.

Ø Texas Instruments Incorporated

Ø Toshiba Corporation

Ø Fuji Electric Co., Ltd.

Ø Renesas Electronics Corporation

Ø ROHM Semiconductor

Ø Microchip Technology Inc.

Ø Others

GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY DEVICE- MARKET ANALYSIS, 2019 - 2032

Ø Power Module Or Discrete

Ø Power Integrated Circuits (IC)

GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 – 2032

Ø Gallium Nitride (GaN)

Ø Silicon Carbide (SiC)

GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032

Ø Passenger Vehicle

Ø Light Commercial Vehicle (LCV)

Ø Heavy Commercial Vehicle (HCV)

GLOBAL AUTOMOTIVE POWER DISCRETE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

U.S.

Canada

Europe

Germany

Uk

France

Italy

Spain

The Netherlands

Sweden

Russia

Poland

Rest Of Europe

Asia Pacific

China

India

Japan

South Korea

Australia

Indonesia

Thailand

Philippines

Rest Of Apac

Latin America

Brazil

Mexico

Argentina

Colombia

Rest Of Latam

The Middle East And Africa

Saudi Arabia

Uae

Israel

Turkey

Algeria

Egypt

Rest Of Mea