Automotive Power Discrete Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025

Report ID: GMI3874

  Table of Contents
Summary Methodology

Automotive Power Discrete Market size is expected to witness modest growth from 2019 to 2025 propelled by rapid technological advancements in power electronics and semiconductor industry. The automotive sector is one of the major adopters of electronic components with automakers focusing on developing advanced features in passenger vehicles, thereby improving the safety as well as efficiency of the system. power devices provide reliable and effective way to improve the vehicle performance, particularly by allowing the components to be more compact and lightweight. The automotive power discrete market is propelled by the growing requirement for minimizing the energy loss during conversion, particularly in the battery management systems. Moreover, the increasing electronic content in automotive with the emergence of connected cars, Advanced Driver Assistance Systems (ADAS) will influence the market.
 

Technological advancements in the power semiconductor industry are highly influencing the automotive power discrete market. The industry has witnessed evolution over the years with developments in wide band gap semiconductors. Wide band gap semiconductors comprising SiC and GaN eliminate the material limits of conventional silicon devices. These components offer an effective way to improve the vehicle efficiency with capabilities, such as faster switching frequencies and low energy losses, and can be positioned nearer to the vehicle engine owing to their capability to sustain high temperatures. This has drastically reduced the system complexity and size due to less cooling requirements. The market will benefit with the emergence and adoption of new & highly capable power devices.
 

Hybrid electric vehicles are rapidly growing in the automotive power discrete market. The growing awareness and steps toward environment conservation by several governments is bringing a greater number of electric vehicles in the market. For instance, the U.S. federal government has provided tax credit of USD 2,500 to USD 7,500 for every new electric vehicle purchased in the U.S. The automotive power discrete market will grow with the adoption of hybrid and electric vehicles. Countries including Norway and China are aggressively focusing on increasing the number of electric vehicles. Automotive manufacturers have also shifted their focus on introducing electric vehicles in the market. Following the success of Tesla, many automakers including Mercedes-Benz, BMW, Jaguar, and Ford Motors have introduced electric vehicles. In September 2018, Mercedes-Benz introduced its electric SUV EQC. Moreover, electric vehicle startups, such as Lucid Motors and Byton, are making their way in the electric vehicle market. Power discrete devices help in improving the performance of battery management systems in hybrid and electric vehicles. With efficient switching, higher operating temperatures, and lower component sizes, these components are crucial to increase the battery life and range of the vehicle. Hybrid and electric vehicles will hence significantly drive the market.
 

Asia Pacific will be one of the key regions in the automotive power discrete market owing to the flourishing automotive industry. The region holds a presence of several automotive manufacturers with China being one of the largest manufacturers globally. Sufficient availability of resources including cheap raw material and labor force has made China one of the highly preferred regions for automakers. Japan will significantly contribute to the growth of the automotive power discrete market in the Asia Pacific region. The country has several leading manufacturers including Renesas Electronics Corporation and Rohm Semiconductor, which are adding to the development in the market. India and Thailand have witnessed significant growth in automotive manufacturing. India witnessed 8% growth in automotive production in 2018 while Thailand witnessed 9% according to the International Organization of Motor Vehicle Manufacturers (OICA).
 

Rohm Semiconductor, STMicroelectronics, and Infineon Technologies AG are some of the major manufacturers in the automotive power discrete market. The highly competitive automotive market has forced companies to focus on research & development activities and frequent new product developments. The need for application-specific power devices is bringing in a greater number of offerings in the market. For instance, in March 2019, Rohm Semiconductor introduced one of the industry’s largest range of automotive grade MOSFETs specifically designed for increasing the reliability of on-board charges as well as DC/DC converters. The growing focus of companies toward sophisticated and more capable devices will influence the market.
 

The automotive power discrete market can be hindered to some extent primarily due to the costs of advanced power electronics systems in cars. Features, such as ADAS systems, are generally implemented in luxury cars. Higher costs are restricting the automakers to adopt these devices in economy class vehicles. Moreover, electric vehicles are considerably expensive and will require time for their adoption, particularly in price-sensitive markets. The requirement of well-developed technologies is limiting small semiconductor companies and new entrants to offer the products in the market. However, reduction in component prices with growing technological advancements will provide considerable growth potential for the market.
 

Automotive power discrete market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2025 for the following segments:

 Automotive Power Discrete Market, By Product

  • GaN
  • SiC

Automotive Power Discrete Market, By Vehicle type

  • Passenger Car
  • Commercial Vehicle

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa

 


What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


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