Power Semiconductor Market – Growth, Trends, Forecast
New York, June 04, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Power Semiconductor Market – Growth, Trends, Forecasts (2020 – 2025)” – https://www.reportlinker.com/p06000969 /? utm_source = GNW
The improved features of power electronics, such as lightness, energy efficiency, high speed, and improved portability, are some of the drivers that will further increase the growth of the power semiconductor market over the course of the forecast period. In addition to the technological advantages, power semiconductors are all the rage, due to the growing consumer interest in electric vehicles.
– Due to the increasing use of power semiconductors in consumer electronics devices, demand is increasing. The increasing penetration of smartphones and the growing industrial use of smartphones are also responsible for the growth of the market.
– There is an increasing adoption of power semiconductors in the electric automobile. Silicon carbide devices are used for on-board battery chargers of electric buses, taxis and trucks, as well as for passenger cars.
– Consumer demand exceeds the capacity of the factory and a global silicon wafer shortage exists due to the presence of the limited number of suppliers, which will further hamper the growth of the power semiconductor market.
– The growing adoption of 5G technology and the increasing advancements in wireless communications will constitute an important market for power semiconductors. The growing adoption of GaN power transistors could be helpful for telecom providers.
– The automotive industry represents a significant share of the global end-user power semiconductor market. This is mainly due to its increasing adoption of electric and hybrid vehicles. Growing government regulations in favor of the global electric vehicle market are also fueling the demand for power semiconductors.
– For example in India, the NITI Aayog Action Plan for Clean Transportation released in 2018 has already recommended eliminating all licensing requirements for electric vehicles to encourage electric mobility. Many governments are also developing infrastructure for electric and autonomous vehicles. Hence, they are also investing in advanced sensors and semiconductor market.
– The increasing adoption of power integrated circuits in the automotive industry for electric vehicles or multiplexed bus systems with distributed power integrated circuits for the control of lights, motors and air conditioning, is also transforming the automotive industry. . The growing application of Power MOSFET in electric and hybrid vehicles is also attracting many semiconductor suppliers to develop industry specific devices.
– The growing trend towards smart city also opens up an opportunity for the automotive industry. Many power semiconductors are also trying to monetize this opportunity to increase their market share. For example, NXP Semiconductors NV announced the next phase of its Smart City collaboration with Columbus, United States. NXP will bring essential technologies for smart and safe mobility to the Smart Columbus Experience Center.
– Continued efforts to commercialize the technology contributes to the growth of the market. In April 2019, the University of Arkansas received a $ 1.5 million grant from the US Department of Energy to develop next-generation power modules. The five-year award will see researchers develop SiC-based power modules designed for PHEVs and EVs.
– In Japan, the University of Tokyo is working with Mitsubishi Electric Corporation to improve the reliability of SiC semiconductor devices. Earlier in 2017, Mitsubishi Electric unveiled a new ultra-compact SiC inverter designed for hybrid vehicles, with mass marketing slated for around 2021.
– Suppliers have also worked to meet the needs of the automotive industry. For example, in October 2019, Bosch Semiconductor announced that it would manufacture SiC power semiconductors for automotive applications at its wafer manufacturing facility in Reutlingen, Germany.
Asia-Pacific expected to experience significant growth
– Asia-Pacific is expected to dominate the global power semiconductor market, as the region dominates the global semiconductor market, which is further supported by government policies. Additionally, the region’s semiconductor industry is driven by China, Japan, Taiwan, and South Korea, which together constitute around 65% of the global discrete semiconductor market, while others like Vietnam, Thailand, Malaysia and Singapore also contribute significantly to the dominance of the region. on the market.
– According to the Indian Electronics and Semiconductor Association, the country’s semiconductor component market is expected to reach USD 32.35 billion by 2025, registering a CAGR of 10.1% (2018-2025). The country is a lucrative destination for global R&D centers. Thus, the government’s ongoing Make In India initiative is expected to lead to investments in the semiconductor market.
– In addition, the region is an electronics hub with millions of electronic devices manufactured each year for consumption in the region and export to other places. This high production of electronic devices and components contributes significantly to the market share of the studied market. For example, the growing demand for consumer electronics in India has also contributed to the growth of the regional market. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), India’s electronics demand is expected to register a CAGR of 25% between 2012 and 2020. ??
– Actors in the region are regularly involved in product development and seek opportunities to improve their capacities. For example, in September 2020, Mitsubishi Electric Corporation announced the upcoming launch of second generation all-SiC (silicon carbide) power modules with a newly developed SiC chip for industrial use. The low power loss characteristics and high carrier frequency operation of SiC-MOSFET (Metal Oxide Semiconductor Field Effect Transistor) and SiC-SBD (Schottky Barrier Diode) chips in modules should facilitate development. more efficient chips, smaller and more lighter electrical equipment in various industrial fields.
The power semiconductor market is a consolidated market dominated by a few major players. In terms of market share, few major players dominate the market. Various acquisitions and collaborations of large companies are expected to take place shortly, focused on innovation. Some of the major players in the market are Infineon Technologies and Texas Instruments.
– November 2020 – Texas Instruments (TI) expanded its high voltage power management portfolio with the next generation of 650V and 600V Gallium Nitride (GaN) Field Effect Transistors (FETs) for automotive applications and industrial. With a built-in fast-switching 2.2 MHz gate driver, the new GaN FET families will help engineers deliver twice the power density, achieve 99% efficiency, and reduce the size of the magnetic power of 59% compared to existing solutions.
– February 2020 – UnitedSiC presented the UF3SC065030D8 and UF3SC065040D8; Industry’s lowest RDS (on) SiC FETs available in the popular low profile 8 × 8 DFN surface mount package. The 650V devices replace two standard silicon devices, allowing engineers to build switching circuits with greater efficiency and higher power density than is possible with a discrete design approach.
Reasons to buy this report:
– The market estimate sheet (ME) in Excel format
– 3 months of analyst support
Read the full report: https://www.reportlinker.com/p06000969/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.