Automotive Power Discrete Market: Global Industry Analysis and Forecast (2023-2029)

The Automotive Power Discrete Market was valued at US$ 28.43 Bn. in 2022. Global Automotive Power Discrete Market size is expected to grow at a CAGR of 5.8 % through the forecast period.
Automotive Power Discrete Market Overview:
Discrete devices, such as diodes & transistors, are single semiconductors. Power transistors are important type of discrete device which are used to control voltages, minimize power consumption, & minimizing heat generation in a variety of applications. Devices built for reliable, robust, & power-efficient energy storage applications are referred as power discrete. They're crucial parts of circuits designed to increase the battery life of portable electronics. Ultrafast diodes for DC-DC converters & rectification in the secondary side of OBS (on-board-charger) systems are examples of automotive-grade power discrete devices. For example, in medium voltage automotive applications, silicon-based IGBT discrete has been the device of choice.
Automotive Power Discrete Market Snapshot
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Automotive Power Discrete Market Dynamics:
Market Drivers:

Rise in electrification of vehicle:

Rising electronic content per vehicle, as well as increased manufacture & sales of plug-in hybrid electric vehicles (PHEVs) are important market drivers of Automotive Power Discrete Market.

Competition to build safer and more fuel-efficient cars:

The adoption of new safety features, advancements in vehicle powertrain, and more vehicle management and connection capabilities are all driving to the growth of Automotive Power Discrete Market.

Popularity of premium vehicles:

Increasing popularity of premium vehicles is one of the most important factors driving the automotive power discrete market. According to MMR, Premium compact vehicle sales have increased significantly from 14 % in fiscal year 2019 to 15-16 % in fiscal year 2022.

Market Restraints:

Complicated design and process of integration:

There is a shift in the automotive power electronics industry toward the integration of multiple functionalities on a single chip, which is ultimately resulting in complex designing. Control algorithms with a complicated design structure decreases the speed of switching, affecting the overall performance of the control structure and also the growth of Automotive Power Discrete Market. Also, another important market restraining factor is low availability of GaN product.

Market Opportunity:

Increase in use of GaN & SiC products:

The introduction of wide bandgap semiconductors like GaN & SiC has altered the market landscape. These novel semiconductor materials have greater thermal conductivity, faster switching rates, and are physically smaller than silicon (Si) devices. Current semiconductor technologies, like MOSFETs & isolated gate bipolar transistors (IGBTs), have benefited from the use of SiC and GaN. Customers can use these materials for a wide variety of applications.

Market Challenges:

Demand of compact devices having higher efficiency:

The biggest challenge for power device manufacturers is fulfilling the changing demands of the automobile client as the current generation moves toward small & portable devices. The primary challenge is manufacturing higher efficiency devices in a compact size.
Influence of COVID 19 on Automotive Power Discrete Market:
Due to decreasing demand, supply chain constraints, & to safeguard the safety of their staff, certain key players in this market, such as Bosch & Continental, have declared the suspension of manufacturing operations during the COVID-19 pandemic. Due to shutdowns of factories, the pandemic had a significant impact on the global vehicle manufacturing market, especially at the peak of the crisis. According to MMR, Europe had a large decline in vehicle manufacturing of more than 21% on average, which may have hampered the automotive power discrete market's steady growth to some extent. But there was minor growth in electric car sales, even during the epidemic. This helped the market recover in the future years.

In December 2022, STMicroelectronics introduced a series of GaN power semiconductors in its STPOWER portfolio to reduce energy consumption and allow smaller designs for electrical products in the automotive and other areas.
Automotive Power Discrete Market Segment Analysis:
Based on the Vehicle type, the Automotive Power Discrete Market is segmented into Passenger vehicle & commercial vehicle. In the year 2022, the passenger vehicle segment dominated the Automotive Power Discrete Market with 69% market share. The need for safety systems & fuel-efficient technologies linked with vehicle power trains are driving the dominance of passenger vehicles segment. In recent years, a variety of safety, comfort, entertainment, and vehicle control systems have been added to passenger vehicles because of changing preferences of customers. OEMs are also very active in implementing new car variations & models to meet customers’ demand. Increased population in developing economies also encourages OEMs to include specialised features into in the new passenger vehicle models. This is done to differentiate one's own items from those present in the market. These are a few of the factors that contribute to the passenger vehicle segment's dominance in the automotive power discrete market.
Automotive Power Discrete Market, by Vehicle Type


Based on Product, the Automotive Power Discrete Market is segmented into GaN and SiC.The SiC segment dominated the market mainly because of the rising availability of next-generation SiC discrete devices for electric car applications. Generally, silicon power devices have been utilised to regulate different automotive power systems. Most systems in a car have become more efficient because of recent advancements in compound semiconductor devices like Silicon Carbide (SiC). For example, Infineon's discrete device, such as the 1200 V CoolSiC MOSFET (Metal Oxide Silicon Field Effect Transistor), have benefits such as high-frequency operation and reduced switching rates, which are intended to improve the efficiency of electronic vehicle charging systems.
Automotive Power Discrete Market Regional Overview:
The North America region dominated the market with 39 % share in 2022. The Asia- Pacific region is expected to witness significant growth at a CAGR of 5.8% through the forecast period. The growth in North America is possible because of marketing analytics tools and existing players who have been in the market since the beginning. Government organisations, companies, and third-party administrations are focusing their efforts on developing customer-centric products that will help the markets' growth in this region. The market in this region is expected to rise significantly because of rising demand, higher income, advanced technology, as well as programmes to raise awareness of the requirement. The Asia-Pacific region will have significant growth in the forecast period only because of the increasing population, which will result in an increase in demand also.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Power Discrete Market make the report investor’s guide.
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Global Automotive Power Discrete Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 28.43 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 42.18 Bn.


 Segments Covered:
by Product
GaN
SiC


by Vehicle type
Passenger vehicle
Commercial vehicle



Automotive Power Discrete Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Automotive Power Discrete Market, Key Players are
1. Infineon Technologies
2.Robert Bosch
3. Continental AG
4. ON Semiconductor
5. Rohm Semiconductor
6. ST Microelectronics
7. Danfoss
8. Vishay
9. Others

Frequently Asked Questions:

1] What segments are covered in the Global Market report?
Ans. The segments covered in the Market report are based on Product and Vehicle type.

2] Which region is expected to hold the highest share in the Global Market?
Ans. The Asia-Pacific region is expected to hold the highest share in the Market.

3] What is the market size of the Global Market by 2029?
Ans. The market size of the Market by 2029 is expected to reach US$ 42.18 Bn.

4] What is the forecast period for the Global Market?
Ans. The forecast period for the Market is 2023-2029.

5] What was the market size of the Global Market in 2022?
Ans. The market size of the Market in 2022 was valued at US$ 28.43 Bn.