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
12-Aug-2024
Global
Market Research
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)
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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
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 |