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Automotive Power Discrete Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3874

Automotive Power Discrete Market size is expected to increase considerably from 2023 to 2032, driven by the rapid advancement of compound semiconductor devices like silicon carbide and the escalating use of discrete power electronics in automotive applications. Likewise, the ever-growing number of electric vehicles and the subsequent need for discrete products with high power density to boost the efficiency of battery charging systems will also contribute to industry expansion by 2032.

Power discrete refers to devices designed for robust, reliable, and power-efficient energy applications. Automotive-grade power discrete devices include ultrafast diodes intended for DC-DC converters and rectification in the secondary side of OBS (onboard-charger) solutions. Silicon-based IGBT discrete, for example, has been the device of choice for use in medium-voltage automotive applications.

The rising popularity of premium vehicles is one of the prominent trends stimulating the automotive power discrete market outlook during 2023-2032. Additionally, the considerable rise in the demand for electric vehicles will also augment the deployment of electric car power electronics.

However, supply chain disruptions caused by the Russia-Ukraine war have led to a shortage of raw materials in major countries and have slowed down the vehicle manufacturing sector. In addition, the rising inflation rate globally has impacted the purchasing power of customers, causing a decline in automotive sales, which has hampered the business scenario.

In terms of product, the automotive power discrete market from the SiC segment will foresee appreciable progress by 2032 due to the increasing availability of next-generation SiC discrete products for electric car applications. For instance, in December 2022, STMicroelectronics, a semiconductor company that serves clients in the electronics industry, introduced high-power modules for electric cars that increase performance and range. This innovative silicon-carbide (SiC) power module has been chosen for Hyundai's E-GMP electric vehicle platform, which is shared by the KIA EV6 and many other cars.

The passenger vehicle market is set to exhibit a robust growth rate between 2023 and 2032 supported by the rising need for safety systems and fuel-efficient technology associated with vehicle power trains. Since consumer preferences have changed in recent years, a range of safety, luxury, entertainment, and vehicle control systems have been implemented into passenger automobiles. The increasing population in emerging economies is urging OEMs to offer specialized features in new passenger car models, thereby fueling industry development through 2032.

Europe automotive power discrete market is poised to hold a substantial industry share by 2032 as a result of the implementation of sustainable and long-term strategies to ramp up semiconductor production, coupled with the escalating adoption of electric vehicles. Additionally, according to the European Automobile Manufacturers' Association, in 2022, new battery electric car registrations in the EU increased from October to December by 31.6% to 406,890 units, with growth witnessed across major countries.

STMicroelectronics, Rohm Semiconductor, and Infineon Technologies AG are some of the major players operating in the automotive power discrete market. These market participants are focusing on varied strategies, such as collaborations, new product launches, and acquisitions, to reinforce their presence in the competitive market. For example, in September 2022, Onsemi, a pioneer in intelligent power and sensor technologies introduced three silicon carbide (SiC)-based power modules in a transfer molded technology for on-board charging and high voltage DC-DC conversion in electric cars (xEV).

This market research report on automotive power discrete includes in-depth coverage of the industry with estimates & forecast from 2018 to 2028 for the following segments:

Market, By Product

  • GaN
  • SiC

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: 2018 to 2022; Growth Projections: 2023 to 2032.
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.
Authors: Suraj Gujar

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Access to only 1 person; cannot be shared; cannot be printed

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Access to a company wide audience; includes subsidiary companies or other companies within a group of companies