Power Semiconductors Market, Global, 2024 2033

Power Semiconductors Market, Global, 2024 2033

Power Semiconductors are Experiencing Transformational Growth Due to Rapid Electrification Across Industries, the AI Boom, Growing Renewable Energy Demand, and Focus on Sustainability

RELEASE DATE
12-Aug-2024
REGION
Global
Deliverable Type
Market Research
Research Code: K9EC-01-00-00-00
SKU: ES_2024_932
AvailableYesPDF Download
$4,950.00
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SKU
ES_2024_932

Power Semiconductors Market, Global, 2024 2033
Published on: 12-Aug-2024 | SKU: ES_2024_932

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Frost & Sullivan expects the global power semiconductors market to witness unprecedented growth during the next 10 years as industries look for energy-efficient and high-performance electronics. This analysis focuses on Si-, SiC- and GaN-based power discrete devices, modules, and GaN ICs, which are gaining prominence across end-user industries due to their characteristics supporting high voltage, switching frequency, and efficiency. The report analyzes power semiconductor growth potential in each end-user industry. As electric mobility, 5G deployments, data center expansion, and renewable electricity are gaining full steam, the study showcases how power semiconductors will support these Megatrends.

The study identifies key growth opportunities and which factors will boost or restrain market growth. Using 2023 as the base year, the report estimates the market size and future growth prospects up to 2033. It follows a specific methodology that includes discussions with senior management in the power semiconductor ecosystem supported by secondary research.

The study analyzes the market based on end user, material, component, device type, voltage ratings, and geography. It offers an in-depth analysis with segmentation by end users, including automotive, industrial, consumer electronics, communications & IT, and energy & utility. The segmentation by voltage ratings is less than 650 V, 650 V to 1700 V, and more than 1700 V. Segmentation by materials is silicon (Si), silicon carbide (SiC) and gallium nitride (GaN); and component type analysis is segmented by discrete semiconductors and modules.

The study offers a regional perspective of demand patterns in various advanced and emerging markets in 3 main regions: the Americas; Europe, Middle East, and Africa (EMEA), including Russia; and Asia-Pacific.

A few factors driving the power semiconductors market are rising green energy demand, the transition of eMobility from 400 V to 800 V battery systems, growth in generative AI and cloud networking, rapid adoption of wide bandgap (WBG) semiconductors, accelerated launch of electric vehicles, government initiatives and regulations, and the need for high-speed, power, performance, and efficiency in modern-day electronic devices. The study identifies relatively less technological maturity of WBG semiconductors, economic slowdown, global geopolitical chaos, lack of industry standards, high cost and crystal defects in WBG substrates, and the supply-demand imbalance as the primary power semiconductors market restraints.

Key Features

In addition, the study offers the following:

  • A dedicated chapter on the Indian power semiconductors landscape
  • Analysis of pricing trends in the power semiconductors market
  • In-depth analysis of each end-user sector and the opportunity for power semiconductors 
  • Si, SiC, and GaN penetration in the global semiconductors landscape
  • Discussion of power semiconductor wafer size evolution
  • Comparison of WBG semiconductors with silicon
  • Key market trend analysis including the development of vertical GaN, the evolution of the transistor structure, the green hydrogen economy, and the emergence and potential of next-generation WBG technologies
  • Analysis of the SiC and GaN manufacturing value chain
  • 10-year growth outlook across end-user industries and applications
  • M&A analysis in the power semiconductors ecosystem
  • Competitive analysis with market share of key players

Author: Navdeep Saboo

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Power Semiconductor Industry

Scope of Analysis

Classification of Power Semiconductors*

The Power Semiconductor Landscape: Materials, Applications, and Future Trends

Power Semiconductor Wafer Size Evolution

Power Semiconductor Wafer Size Evolution (continued)

Move from Planar to Trench SiC Transistor Structures for Higher Power Density and Lower Conduction Resistance

Packaging Trends in WBG Semiconductor Power Modules

Packaging Trends in WBG Semiconductor Power Modules (continued)

Segmentation by End User

Segmentation by Voltage Rating

Distribution Channels

Competitive Environment

Key Competitors

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Forecast Considerations

Revenue Forecast

Revenue Forecast by Material

SiC Manufacturing Value Chain

GaN Manufacturing Value Chain

GaN Power Opportunities: 10-Year Outlook across End-user Industries

Revenue Forecast by Voltage Ratings

Revenue Forecast by End User

Revenue Forecast by Device Type

Revenue Forecast by Component

Revenue Forecast by Region

Revenue Forecast by Key Countries

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Top Challenges in the Power Semiconductor Landscape

Power Semiconductors Market: Application Split by Materials

Power Semiconductors Market: Voltage Ratings Split by Materials

Power Semiconductor Stock Keeping Unit (SKU) Analysis: Comparing Si, SiC, and GaN by Voltage Ratings

Pricing Trends and Forecast Analysis

Pricing Trends and Forecast Analysis (continued)

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Competitiveness of Major Companies

Analysis of Competition

Analysis of Competition (continued)

Key M&As Shaping the Power Semiconductor Ecosystem: 2015–2024

Key M&As Shaping the Power Semiconductor Ecosystem: 2015–2024 (continued)

Power Semiconductor Market: M&A Analysis

Power Semiconductors Market: M&A Analysis (continued)

Power Semiconductors Market: M&A Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Material

Revenue Forecast by Component

Revenue Forecast by Voltage Ratings

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Typical Automotive Power Semiconductor Supply Chain

Growth Metrics

Revenue Forecast

Revenue Forecast by Material

Revenue Forecast by Component

Revenue Forecast by Voltage Ratings

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Material

Revenue Forecast by Component

Revenue Forecast by Voltage Ratings

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Material

Revenue Forecast by Component

Revenue Forecast by Voltage Ratings

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Material

Revenue Forecast by Component

Revenue Forecast by Voltage Ratings

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

WBG Semiconductors: Enabling the Green H2 Economy

Indian Semiconductor Industry

Indian Semiconductor Policy

Indian Semiconductor Policy (continued)

Notable Developments in the Indian Semiconductor Sector

Notable Developments in the Indian Semiconductor Sector (continued)

Indian Semiconductor Ecosystem: Current Capabilities

Revenue Forecast

Forecast Analysis

Powering India’s Power Semiconductor Future: Key Packaging for ATMP/OSAT Success

Top 5 Trends for Sustainability and the Circular Economy

Semiconductor Ecosystem Alignment with United Nations (UN) SDGs Critical to Paving the Path to Decarbonization

Semiconductor Ecosystem Alignment with United Nations (UN) SDGs Critical to Paving the Path to Decarbonization (continued)

UN Sustainable Development Goals

Notable Power Semiconductor Companies Leading the Green Charge

Infineon Technologies

STMicroelectronics

Onsemi

Navitas Semiconductor

Growth Opportunity 1: Reducing Data Centers’ Environmental Impact

Growth Opportunity 1: Reducing Data Centers’ Environmental Impact (continued)

Growth Opportunity 2: Advancements in Power Gallium Nitride (GaN) Landscape

Growth Opportunity 2: Advancements in Power Gallium Nitride (GaN) Landscape (continued)

Growth Opportunity 3: Simulation-based Tools for Modeling and Analyzing Power Semiconductor Behavior

Growth Opportunity 3: Simulation-based Tools for Modeling and Analyzing Power Semiconductor Behavior (continued)

Growth Opportunity 4: Power Efficiency Legislation across End-user Industries

Growth Opportunity 4: Power Efficiency Legislation across End-user Industries (continued)

Growth Opportunity 5: Quality and Supply Security with Vertical Integration

Growth Opportunity 5: Quality and Supply Security with Vertical Integration (continued)

Growth Opportunity 6: Fablite Strategy for Streamlined Operations and Improved Margins

Growth Opportunity 6: Fablite Strategy for Streamlined Operations and Improved Margins (continued)

Growth Opportunity 7: Developments in Next-Generation Power Semiconductor Materials

Growth Opportunity 7: Developments in Next-Generation Power Semiconductor Materials (continued)

Best Practice Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

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Frost & Sullivan expects the global power semiconductors market to witness unprecedented growth during the next 10 years as industries look for energy-efficient and high-performance electronics. This analysis focuses on Si-, SiC- and GaN-based power discrete devices, modules, and GaN ICs, which are gaining prominence across end-user industries due to their characteristics supporting high voltage, switching frequency, and efficiency. The report analyzes power semiconductor growth potential in each end-user industry. As electric mobility, 5G deployments, data center expansion, and renewable electricity are gaining full steam, the study showcases how power semiconductors will support these Megatrends. The study identifies key growth opportunities and which factors will boost or restrain market growth. Using 2023 as the base year, the report estimates the market size and future growth prospects up to 2033. It follows a specific methodology that includes discussions with senior management in the power semiconductor ecosystem supported by secondary research. The study analyzes the market based on end user, material, component, device type, voltage ratings, and geography. It offers an in-depth analysis with segmentation by end users, including automotive, industrial, consumer electronics, communications & IT, and energy & utility. The segmentation by voltage ratings is less than 650 V, 650 V to 1700 V, and more than 1700 V. Segmentation by materials is silicon (Si), silicon carbide (SiC) and gallium nitride (GaN); and component type analysis is segmented by discrete semiconductors and modules. The study offers a regional perspective of demand patterns in various advanced and emerging markets in 3 main regions: the Americas; Europe, Middle East, and Africa (EMEA), including Russia; and Asia-Pacific. A few factors driving the power semiconductors market are rising green energy demand, the transition of eMobility from 400 V to 800 V battery systems, growth in generative AI and cloud networking, rapid adoption of wide bandgap (WBG) semiconductors, accelerated launch of electric vehicles, government initiatives and regulations, and the need for high-speed, power, performance, and efficiency in modern-day electronic devices. The study identifies relatively less technological maturity of WBG semiconductors, economic slowdown, global geopolitical chaos, lack of industry standards, high cost and crystal defects in WBG substrates, and the supply-demand imbalance as the primary power semiconductors market restraints.--BEGIN PROMO--

Key Features

In addition, the study offers the following:

  • A dedicated chapter on the Indian power semiconductors landscape
  • Analysis of pricing trends in the power semiconductors market
  • In-depth analysis of each end-user sector and the opportunity for power semiconductors 
  • Si, SiC, and GaN penetration in the global semiconductors landscape
  • Discussion of power semiconductor wafer size evolution
  • Comparison of WBG semiconductors with silicon
  • Key market trend analysis including the development of vertical GaN, the evolution of the transistor structure, the green hydrogen economy, and the emergence and potential of next-generation WBG technologies
  • Analysis of the SiC and GaN manufacturing value chain
  • 10-year growth outlook across end-user industries and applications
  • M&A analysis in the power semiconductors ecosystem
  • Competitive analysis with market share of key players

Author: Navdeep Saboo

More Information
Deliverable Type Market Research
Author Navdeep Saboo
Industries Electronics and Sensors
No Index No
Is Prebook No
Keyword 1 Power Semiconductor Industry Trends
Keyword 2 Market Analysis Power Semiconductors
Keyword 3 Power Semiconductor Opportunities
Podcast No
Predecessor K877-01-00-00-00
WIP Number K9EC-01-00-00-00