Power Semiconductor Market to Accelerate at a CAGR of Over 8% through 2022-2026
Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., Nexperia BV, and Renesas Electronics Corp. are some of the key vendors discussed in the research report
Increasing electrification in vehicles is one of the key factors likely to drive market growth. Customers prefer vehicles with increased safety, convenience, and connectivity features. The increasing penetration of electronics in vehicles has made power semiconductors one of the inevitable electronic components in vehicles. In addition, the growing demand for vehicles that operate on alternative fuels is another factor supporting the power semiconductor market growth. Vehicles that operate on alternative fuels use more electronic components as compared to conventional ICE 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.
The Global Power semiconductor market is expected to grow by $ 10.48 billion, accelerating at a CAGR of 8.03% till 2026. This research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans.
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Power Semiconductor Market: Segments and Geographical Regions
- This report segments the market Application (Automotive, Industrial power control, and Others) and Geography (APAC, Europe, North America, South America, and MEA).
- 54% of the market growth will originate from APAC during the forecast period.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Power Semiconductor Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- 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. are some of the major market participants.
Market Segmentation by Application
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- Power Semiconductor Market Split by Application
- Automotive
- Industrial power control
- Others
- Power Semiconductor Market Split by Geography
- APAC
- Europe
- North America
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
Browse through some of other related market research reports for more insights:
- Semiconductor Market In Military And Aerospace Industry: Technavio’s Semiconductor Market In Military And Aerospace Industry is set to grow by $ 3.89 billion, and the market will decelerate at a CAGR of over 10.17% till 2025.
- Automotive Semiconductor Market: The Automotive Semiconductor Market is projected to post an incremental growth of $ 18.27 billion, at a CAGR of 6.81% till 2025.
- RF Semiconductor Market: The RF semiconductor market will grow by $ 961.22 million, fragmented at a CAGR of 8.26% over the next five years.
- Compound Semiconductor Market: The compound semiconductor market is set to grow by $ 11.53 billion, accelerating at a CAGR of almost 6.33% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 8.03%.
- What is the incremental growth of the market?
The market is expected to grow by $ 10.48 bn through 2022-2026.
- What is a key factor driving this market?
Increasing electrification in vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
54% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 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.
- What are the market segments covered in this report?
The market is segmented by Application (Automotive, Industrial power control, and Others) and Geography (APAC, Europe, North America, South America, and MEA)
