Global Automotive Power Discrete Growth Drivers 2025, Forecast To 2034
24 Mar, 2025
What Fueled The Previous Growth In The Automotive Power Discrete Market?
The automotive power discrete market has seen considerable growth due to a variety of factors.
• The market size of automotive power discrete has experienced robust growth in the past few years. It is projected to expand from $4.64 billion in 2024 to about $4.9 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.6%.
The past growth is linked to various factors such as the move towards autonomous features, the worldwide expansion of the automotive industry, advancements in safety systems, emphasis on fuel efficiency, and more stringent emission standards.
What Is The Expected Growth In The Automotive Power Discrete Market Size Evolve over the Forecast Period?
The automotive power discrete market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the automotive power discrete market is predicted to experience robust growth, reaching $6.03 billion in 2029 with an annual compound growth rate (CAGR) of 5.3%.
The anticipated growth within this period is due to an increase in electric vehicle prevalence, progress in vehicle electrification, enhanced integration of automotive electronics, enforcement of more stringent emission regulations, and the expansion of self-driving and connected vehicles. Key trends that will define this period are the transformation brought by electric vehicles (EV), advancements in automotive electronics, the call for increased fuel efficiency, growth in hybrid vehicle uptake, as well as new government regulations and emission standards.
What Main Forces Are Fueling Expansion In The Automotive Power Discrete Market?
The expected surge in electric vehicle demand is anticipated to fuel the expansion of the automotive power discrete market. Electric vehicles, which run on electricity instead of conventional internal combustion engines utilizing gasoline or diesel, have sparked this demand. The critical role of automotive power discrete components in electric vehicles is to govern and direct the electrical power flow within the automobile's electrical system and battery management system. This safeguards the battery against excessive charging or discharging and ensures safe and efficient functioning. For example, as per the International Energy Agency (IEA), a French-based intergovernmental organization, 14% of all new car sales worldwide in 2022 were electric vehicles, marking a rise of 9% from 2021. Moreover, sales of electric cars are expected to reach 14 million by the end of 2023, a 35% increase year on year. Consequently, the rising demand for electric cars enhances the growth of the automotive power discrete market.
Automotive Power Discrete Market Driver: Growth of Automotive Power Discrete Market Due To Rising Popularity Of Premium Vehicles
What Are The Primary Segments In The Global Automotive Power Discrete Market?
The automotive power discrete market covered in this report is segmented –
1) By Product: Gallium Nitride (GaN), Silicon Carbide (SiC)
2) By Devices: Power Integrated Circuits (IC), Power Module Or Discrete
3) By Component: Microcontroller, Sensor
4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
Subsegments:
1) By Gallium Nitride (GaN): GaN Power Transistors, GaN Power ICs, GaN Power Modules
2) By Silicon Carbide (SiC): SiC MOSFETs, SiC Schottky Diodes, SiC Power Modules
What New Trends Are Influencing The Automotive Power Discrete Market?
Leading businesses in the automotive power discrete market are shifting their focus towards developing superior power, on-board chargers to establish a competitive advantage. These high-powered chargers and innovative electrical components are installed in electric or plug-in hybrid vehicles, and their role is to quickly convert incoming AC electrical energy into DC energy to power up the high-voltage battery pack. As an example, in September 2022, Onsemi, an American semiconductor manufacturer, unveiled the APM32 series. This series consists of three power modules, designed for use in on-board chargers for electric cars, employing silicon carbide (SiC) technology, and are made specifically for high-power on-board chargers with power ranges of 11–22 kW. The APM32 series, which is the first of its kind, utilizes SiC technology in a transfer-molded package, aiming to enhance efficiency and reduce charging time for all kinds of electric vehicles.
Who Are the Key Players In The Automotive Power Discrete Market?
Major companies operating in the automotive power discrete market report are:
• Robert Bosch GmbH
• Hitachi Ltd.
• Mitsubishi Electric Corporation
• ABB Ltd.
• Toshiba Corporation
• Yole Group
• Texas Instruments Incorporated
• Schaeffler Technologies AG & Co. KG
• STMicroelectronics N.V.
• BorgWarner Inc.
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Renesas Electronics Corporation
• Danfoss
• Onsemi
• Amkor Technology Inc.
• Microchip Technology Inc.
• Fuji Electric Co. Ltd.
• United Automotive Electronic Systems Co. Ltd.
• Rohm Semiconductor
• Vishay Intertechnology Inc.
• Littelfuse Inc.
• Nexperia
• Diodes Incorporated
• Sanken Electric Co. Ltd.
• Shindengen Electric Manufacturing Co. Ltd.
• Alpha and Omega Semiconductor Inc.
• Wolfspeed Inc.
• Semikron
• Transphorm Inc.
What Is The Most Dominant Region In The Automotive Power Discrete Market?
North America was the largest region in the automotive power discrete market in 2024. The regions covered in the automotive power discrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa