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What CAGR Will the Automotive Power Discrete Market Achieve During 2025–2034, and What Does It Indicate?

In recent times, there has been a robust expansion in the size of the automotive power discrete market. Projected to rise from a valuation of $4.64 billion in 2024 to $4.9 billion in 2025, the market will have a compound annual growth rate (CAGR) of 5.6%. The historic period’s growth can be traced back to factors such as the shift towards autonomous features, the global expansion of the automotive industry, advancements in safety systems, increased emphasis on fuel efficiency, and stricter emission regulations.

In the coming years, the automotive power discrete market is anticipated to experience robust growth, predicted to reach $6.03 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.3%. The forecasted growth can be linked to the surge in the electric vehicle sector, enhancements in vehicle electrification, escalation in automotive electronics integration, adherence to stringent emission norms, and the development of autonomous and connected vehicles. The key trends projected in this period encompass the revolution of electric vehicles (EV), progress in automotive electronics, growing demand for fuel efficiency, upsurge in the adoption of hybrid vehicles, and governmental regulations and emission standards.

What Major Innovations Are Driving the Accelerated Growth of the automotive power discrete Market?

The growth of the automotive power discrete market is anticipated to be fueled by the rising demand for electric cars. These vehicles, which operate on electricity rather than conventional internal combustion engines fueled by gasoline or diesel, utilize automotive power discrete components to manage and regulate the electrical power within the vehicle’s electrical and battery management systems. This ensures the protection of the battery from overcharging or discharging, promoting safe and efficient operation. For instance, as per the International Energy Agency (IEA), a France-based intergovernmental organization, in April 2023, electric car sales comprised 14% of all new car sales worldwide in 2022, reflecting a 9% increase from 2021. Furthermore, it is estimated that 14 million electric cars will be sold by the end of 2023, indicating a 35% annual increase. As such, the escalating demand for electric cars is fostering the expansion of the automotive power discrete market.

Automotive Power Discrete Market Driver: Rising Appeal Of Premium Vehicles To Propel Automotive Power Discrete Market

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Who Are the Key Firms Paving the Way for Growth in the Automotive Power Discrete Market?

Major companies operating in the automotive power discrete market report are:

• Robert Bosch GmbH_x000D_

• Hitachi Ltd._x000D_

• Mitsubishi Electric Corporation_x000D_

• ABB Ltd._x000D_

• Toshiba Corporation_x000D_

What Are the Most Influential Trends Currently Shaping the Automotive Power Discrete Market?

Major firms in the automotive power discrete market, are shifting their attention towards developing high-power on-board chargers to maintain an upper hand in the industry. The high-powered on-board charger is an advanced electrical component fitted within an electric or plug-in hybrid vehicles, tasked with rapidly converting incoming AC electrical power into DC to charge the high-voltage battery pack of the vehicle. For example, in September 2022, Onsemi, a semiconductor manufacturing firm from the US, introduced the APM32 series of three power modules for onboard chargers in electric vehicles. The modules, employing silicon carbide (SiC) technology, are explicitly made for high-power on-board chargers (OBC) with a range of 11–22 kW. The APM32 series, unprecedented in its kind, leverages SiC technology in a transfer-molded package, improving efficiency and reducing charging time for all variations of electric vehicles.

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What Are the Main Segments of the Automotive Power Discrete Market, and How Are They Evolving?

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

Which Regions Are Essential for the Growth of 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

What Key Elements Shape the Definition of the Automotive Power Discrete Market?

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.

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