Power Semiconductor Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72116

The power semiconductor market share is expected to increase by USD 10.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.03%.

This power semiconductor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers power semiconductor market segmentation by application (automotive, industrial power control, and others) and geography (APAC, Europe, North America, South America, and MEA). The power semiconductor market report also offers information on several market vendors, including Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., Nexperia BV, Renesas Electronics Corp., Semiconductor Components Industries LLC, Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc. among others.

What will the Power Semiconductor Market Size be During the Forecast Period?

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Power Semiconductor Market: Key Drivers, Trends, and Challenges

The increasing electrification in vehicles is notably driving the power semiconductor market growth, although factors such as the supply-demand gap may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the power semiconductor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Power Semiconductor Market Driver

The increasing electrification in vehicles is one of the key drivers supporting the power semiconductor market growth. Customers prefer vehicles with increased safety, convenience, and connectivity features. Vehicles equipped with advanced driver assistance systems (ADAS) have onboard diagnostic systems that record errors in the system and store them in the vehicle log. Furthermore, safety features such as adaptive cruise control and emergency braking systems use the lower levels of automotive artificial intelligence to enhance driving safety. The increasing penetration of electronics and the dependence of vehicles on them have made power semiconductors one of the inevitable electronic components in vehicles. Such factors will enhance the growth of the market during the forecast period.

Key Power Semiconductor Market Trend

The increased demand for vehicles that operate on alternative fuels is another factor supporting the power semiconductor market growth. Vehicles that operate on alternative fuel use more electronic components as compared with conventional internal combustion engine vehicles. Each motor present in electric vehicles uses automotive semiconductors. Power semiconductor devices are key components in all power electronic systems, especially in hybrid, electric, and fuel cell vehicles. These devices, including IGBTs, freewheeling diodes, and advanced power module technology, have applications in electric vehicles. Emerging wide bandgap semiconductor devices such as SiC devices and their potential applications in electric vehicles will increase the adoption of power semiconductors. Such factors will drive the growth of the market during the forecast period.

Key Power Semiconductor Market Challenge

The supply-demand gap is hindering the power semiconductor market growth. Silicon carbide (SiC) semiconductors are innovative options for improving system efficiency, supporting higher operating temperatures, and reducing costs in power electronics designs. Therefore, the growing significant demand for SiC has made it challenging for their suppliers to meet the rapid demand of growth. The power devices are not commoditized, and there are real differences in the performance and reliability of the product. Silicon carbide is not available as a natural mineral. SiC doping is a difficult process, and the challenges of producing larger SiC wafers with fewer defects have kept manufacturing and processing costs high. Such factors will hinder the market growth during the forecast period.

This power semiconductor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the power semiconductor market as a part of the Global semiconductors market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the power semiconductor market during the forecast period.

Who are the Major Power Semiconductor Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Fuji Electric Co. Ltd.
  • Infineon Technologies AG
  • Littelfuse Inc.
  • Mitsubishi Electric Corp.
  • Nexperia BV
  • Renesas Electronics Corp.
  • Semiconductor Components Industries LLC
  • Texas Instruments Inc.
  • Toshiba Corp.
  • Vishay Intertechnology Inc.

 

This statistical study of the power semiconductor market encompasses successful business strategies deployed by the key vendors. The power semiconductor market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Littelfuse Inc. - The company offers power semiconductors that include high-power devices and power modules for high frequency devices ranging from satellite communications to radios and mobile phones, and an array of modules that help improve information interface, under the brand name of Littelfuse.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The power semiconductor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Power Semiconductor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the power semiconductor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the semiconductors market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Power Semiconductor Market?

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54% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the power semiconductor market in APAC. Market growth in this region will be slower than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Power Semiconductor Market?

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The power semiconductor market share growth by the automotive segment will be significant during the forecast period. Power electronics make automotive technology cheaper, leading to their widespread adoption. Electrification has been a major factor in driving technological developments in the automotive industry. Automotive systems such as fuel delivery systems, braking systems, steering systems, and safety systems are increasingly fitted with electronic components with integrated chips to help fine-tune every operation and increase the efficiency of the overall system. The growing use of automotive electronics in modern vehicles necessitates the adoption of the automotive segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the power semiconductor market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Radio-frequency (RF) Power Semiconductor Devices market - The market size has the potential to grow by 985.50 thousand units during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Wide-bandgap (WBG) Power Semiconductor Devices market - The market size is predicted to surge to USD 4.71 billion from 2021 to 2026 at a CAGR of 35.12%.

Compound Semiconductor market - The market share is expected to increase by USD11.53 bn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.33%.

Power Semiconductor Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.03%

Market growth 2022-2026

$ 10.48 billion

Market structure

Fragmented

YoY growth (%)

6.83

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 54%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., Nexperia BV, Renesas Electronics Corp., Semiconductor Components Industries LLC, Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Power Semiconductor Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive power semiconductor market growth during the next five years
  • Precise estimation of the power semiconductor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the power semiconductor industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of power semiconductor market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *Exhibit 08:  Parent market

                                *Exhibit 09:  Market characteristics

                **2.2 Value chain analysis           

                                *Exhibit 10:  Value chain analysis: Commodity Chemicals

                                *2.2.1 Inputs

                                *2.2.2 Inbound logistics

                                *2.2.3 Operations

                                *2.2.4 Outbound logistics

                                *2.2.5 Marketing and sales

                                *2.2.6 Service

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11:  Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:  Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ billion)

                                *3.4.1 Estimating growth rates for emerging and high-growth markets

                                *3.4.2 Estimating growth rates for mature markets

                                *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15:  Five forces analysis 2021 & 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 16:  Bargaining power of buyers

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of suppliers

                **4.4 Threat of new entrants    

                                *Exhibit 18:  Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21:  Market condition - Five forces 2021

***5. Market Segmentation by Application                       

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • Automotive
  • Industrial power control
  • Others

                                *Exhibit 22:  Application - Market share 2021-2026 (%)

                **5.2 Comparison by Application             

                                *Exhibit 23:  Comparison by Application

                **5.3 Automotive - Market size and forecast 2021-2026 

                                *Exhibit 24:  Automotive - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 25:  Automotive - Year-over-year growth 2021-2026 (%)

                **5.4 Industrial power control - Market size and forecast 2021-2026        

                                *Exhibit 26:  Industrial power control - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 27:  Industrial power control - Year-over-year growth 2021-2026 (%)

                **5.5 Others - Market size and forecast 2021-2026           

                                *Exhibit 28:  Others - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 29:  Others - Year-over-year growth 2021-2026 (%)

                **5.6 Market opportunity by Application              

                                *Exhibit 30:  Market opportunity by Application

***6. Customer landscape                         

                                *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                **6.1 Overview

                                *Exhibit 31:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *The regions covered in the report are:

  • APAC
  • Europe
  • North America
  • South America
  • MEA

                                *Exhibit 32:  Market share by geography 2021-2026 (%)

                **7.2 Geographic comparison   

                                *Exhibit 33:  Geographic comparison

                **7.3 APAC - Market size and forecast 2021-2026              

                                *Exhibit 34:  APAC - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 35:  APAC - Year-over-year growth 2021-2026 (%)

                **7.4 Europe - Market size and forecast 2021-2026          

                                *Exhibit 36:  Europe - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 37:  Europe - Year-over-year growth 2021-2026 (%)

                **7.5 North America - Market size and forecast 2021-2026           

                                *Exhibit 38:  North America - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 39:  North America - Year-over-year growth 2021-2026 (%)

                **7.6 South America - Market size and forecast 2021-2026           

                                *Exhibit 40:  South America - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 41:  South America - Year-over-year growth 2021-2026 (%)

                **7.7 MEA - Market size and forecast 2021-2026               

                                *Exhibit 42:  MEA - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 43:  MEA - Year-over-year growth 2021-2026 (%)

                **7.8 Key leading countries        

                                *Exhibit 44:  Key leading countries

                **7.9 Market opportunity by geography

                                *Exhibit 45:  Market opportunity by geography ($ billion)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1 Increasing electrification in vehicles

                                *8.1.2 Increasing application of power semiconductor

                                *8.1.3 Rise in adoption of automation in industrial applications

                **8.2 Market challenges              

                                *8.2.1 Supply demand gap

                                *8.2.2 Increasing cost pressure faced by OEMs

                                *8.2.3 Stringent regulations and policies

                                *Exhibit 46:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1 Increased demand for vehicles that operate on alternative fuels

                                *8.3.2 Rapid technological advances

                                *8.3.3 Product launch

***9. Vendor Landscape                             

                **9.1 Overview

                                *Exhibit 47:  Vendor landscape

                **9.2 Landscape disruption        

                                *Exhibit 48:  Landscape disruption

                                *Exhibit 49:  Industry risks

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 50:  Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 51: Market positioning of vendors

                **10.3 Fuji Electric Co. Ltd.         

                                *Exhibit 52:  Fuji Electric Co. Ltd. - Overview

                                *Exhibit 53:  Fuji Electric Co. Ltd. - Business segments

                                *Exhibit 54:  Fuji Electric Co. Ltd. - Key offerings

                                *Exhibit 55:  Fuji Electric Co. Ltd. - Segment focus

                **10.4 Infineon Technologies AG             

                                *Exhibit 56:  Infineon Technologies AG - Overview

                                *Exhibit 57:  Infineon Technologies AG - Business segments

                                *Exhibit 58:  Infineon Technologies AG - Key offerings

                                *Exhibit 59:  Infineon Technologies AG - Segment focus

                **10.5 Littelfuse Inc.     

                                *Exhibit 60:  Littelfuse Inc. - Overview

                                *Exhibit 61:  Littelfuse Inc. - Business segments

                                *Exhibit 62:  Littelfuse Inc. - Key news

                                *Exhibit 63:  Littelfuse Inc. - Key offerings

                                *Exhibit 64:  Littelfuse Inc. - Segment focus

                **10.6 Mitsubishi Electric Corp.

                                *Exhibit 65:  Mitsubishi Electric Corp. - Overview

                                *Exhibit 66:  Mitsubishi Electric Corp. - Business segments

                                *Exhibit 67:  Mitsubishi Electric Corp. - Key offerings

                                *Exhibit 68:  Mitsubishi Electric Corp. - Segment focus

                **10.7 Nexperia BV       

                                *Exhibit 69:  Nexperia BV - Overview

                                *Exhibit 70:  Nexperia BV - Product and service

                                *Exhibit 71:  Nexperia BV - Key news

                                *Exhibit 72:  Nexperia BV - Key offerings

                **10.8 Renesas Electronics Corp.             

                                *Exhibit 73:  Renesas Electronics Corp. - Overview

                                *Exhibit 74:  Renesas Electronics Corp. - Business segments

                                *Exhibit 75:  Renesas Electronics Corp. - Key news

                                *Exhibit 76:  Renesas Electronics Corp. - Key offerings

                                *Exhibit 77:  Renesas Electronics Corp. - Segment focus

                **10.9 Semiconductor Components Industries LLC          

                                *Exhibit 78:  Semiconductor Components Industries LLC - Overview

                                *Exhibit 79:  Semiconductor Components Industries LLC - Business segments

                                *Exhibit 80:  Semiconductor Components Industries LLC - Key news

                                *Exhibit 81:  Semiconductor Components Industries LLC - Key offerings

                                *Exhibit 82:  Semiconductor Components Industries LLC - Segment focus

                **10.10 Texas Instruments Inc.

                                *Exhibit 83:  Texas Instruments Inc. - Overview

                                *Exhibit 84:  Texas Instruments Inc. - Business segments

                                *Exhibit 85:  Texas Instruments Inc. - Key news

                                *Exhibit 86:  Texas Instruments Inc. - Key offerings

                                *Exhibit 87:  Texas Instruments Inc. - Segment focus

                **10.11 Toshiba Corp.  

                                *Exhibit 88:  Toshiba Corp. - Overview

                                *Exhibit 89:  Toshiba Corp. - Business segments

                                *Exhibit 90:  Toshiba Corp. - Key news

                                *Exhibit 91:  Toshiba Corp. - Key offerings

                                *Exhibit 92:  Toshiba Corp. - Segment focus

                **10.12 Vishay Intertechnology Inc.       

                                *Exhibit 93:  Vishay Intertechnology Inc. - Overview

                                *Exhibit 94:  Vishay Intertechnology Inc. - Business segments

                                *Exhibit 95:  Vishay Intertechnology Inc. - Key news

                                *Exhibit 96:  Vishay Intertechnology Inc. - Key offerings

                                *Exhibit 97:  Vishay Intertechnology Inc. - Segment focus

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 Market definition

                                *11.1.2 Objectives

                                *11.1.3 Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 98:  Currency conversion rates for US$

                **11.3 Research Methodology 

                                *Exhibit 99:  Research Methodology

                                *Exhibit 100:  Validation techniques employed for market sizing

                                *Exhibit 101:  Information sources

                **11.4 List of abbreviations        

                                *Exhibit 102:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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