Overview and Scope
Automotive power discrete refers to a type of electronic component specifically designed for use in automotive applications to control and manage electrical power. These are used in power converters to convert DC power from the battery to the different voltages and currents required by the vehicle’s electrical systems. It is designed to handle high power levels and operate reliably in harsh automotive environments.
Sizing and Forecast
The automotive power discrete market size has grown strongly in recent years. It will grow from $4.38 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to shift towards autonomous features, global automotive industry growth, advancements in safety systems, focus on fuel efficiency, stricter emission regulations..
The automotive power discrete market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to electric vehicle expansion, advancements in vehicle electrification, rise in automotive electronics integration, compliance with stricter emission standards, autonomous and connected vehicle growth.. Major trends in the forecast period include electric vehicle (ev) revolution, advancements in automotive electronics, demand for fuel efficiency, rise in hybrid vehicle adoption, government regulations and emissions standards..
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Segmentation & Regional Insights
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
North America was the largest region in the automotive power discrete market in 2023. The regions covered in the automotive power discrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing demand for electric cars is expected to propel the growth of the automotive power discrete market going forward. Electric cars are automobiles powered by electricity rather than traditional internal combustion engines that use gasoline or diesel. Automotive power discrete components play a crucial role in electric cars by managing and controlling the flow of electrical power within the vehicle’s electrical and battery management systems to protect the battery from overcharging or discharging and ensure safe and efficient operation. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, with an increase of 9% in 2021. Furthermore, 14 million electric cars are projected to be sold by the end of 2023, marking a 35% year-on-year increase. Therefore, the increasing demand for electric cars is driving the growth of the automotive power discrete market.
Key Industry Players
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.
The automotive power discrete market report table of contents includes:
1. Executive Summary
2. Automotive Power Discrete Market Characteristics
3. Automotive Power Discrete Market Trends And Strategies
4. Automotive Power Discrete Market – Macro Economic Scenario
5. Global Automotive Power Discrete Market Size and Growth
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32. Global Automotive Power Discrete Market Competitive Benchmarking
33. Global Automotive Power Discrete Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Power Discrete Market
35. Automotive Power Discrete Market Future Outlook and Potential Analysis
36. Appendix
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