Power Semiconductors Market, Global, 2024–2033

Power Semiconductors Market, Global, 2024–2033


Power Semiconductors are Experiencing Transformational Growth Due to Rapid Electrification Across Industries, the AI Boom, Growing Renewable Energy Demand, and Focus on Sustainability
Frost & Sullivan expects the global power semiconductors market to witness unprecedented growth during the next 10 years as industries look for energy-efficient and high-performance electronics. This analysis focuses on Si-, SiC- and GaN-based power discrete devices, modules, and GaN ICs, which are gaining prominence across end-user industries due to their characteristics supporting high voltage, switching frequency, and efficiency. The report analyzes power semiconductor growth potential in each end-user industry. As electric mobility, 5G deployments, data center expansion, and renewable electricity are gaining full steam, the study showcases how power semiconductors will support these Megatrends.

The study identifies key growth opportunities and which factors will boost or restrain market growth. Using 2023 as the base year, the report estimates the market size and future growth prospects up to 2033. It follows a specific methodology that includes discussions with senior management in the power semiconductor ecosystem supported by secondary research.

The study analyzes the market based on end user, material, component, device type, voltage ratings, and geography. It offers an in-depth analysis with segmentation by end users, including automotive, industrial, consumer electronics, communications & IT, and energy & utility. The segmentation by voltage ratings is less than 650 V, 650 V to 1700 V, and more than 1700 V. Segmentation by materials is silicon (Si), silicon carbide (SiC) and gallium nitride (GaN); and component type analysis is segmented by discrete semiconductors and modules.

The study offers a regional perspective of demand patterns in various advanced and emerging markets in 3 main regions: the Americas; Europe, Middle East, and Africa (EMEA), including Russia; and Asia-Pacific.

A few factors driving the power semiconductors market are rising green energy demand, the transition of eMobility from 400 V to 800 V battery systems, growth in generative AI and cloud networking, rapid adoption of wide bandgap (WBG) semiconductors, accelerated launch of electric vehicles, government initiatives and regulations, and the need for high-speed, power, performance, and efficiency in modern-day electronic devices. The study identifies relatively less technological maturity of WBG semiconductors, economic slowdown, global geopolitical chaos, lack of industry standards, high cost and crystal defects in WBG substrates, and the supply-demand imbalance as the primary power semiconductors market restraints.

Key Features

In addition, the study offers the following:

A dedicated chapter on the Indian power semiconductors landscape
Analysis of pricing trends in the power semiconductors market
In-depth analysis of each end-user sector and the opportunity for power semiconductors
Si, SiC, and GaN penetration in the global semiconductors landscape
Discussion of power semiconductor wafer size evolution
Comparison of WBG semiconductors with silicon
Key market trend analysis including the development of vertical GaN, the evolution of the transistor structure, the green hydrogen economy, and the emergence and potential of next-generation WBG technologies
Analysis of the SiC and GaN manufacturing value chain
10-year growth outlook across end-user industries and applications
M&A analysis in the power semiconductors ecosystem
Competitive analysis with market share of key players


  • Growth Environment: Transformation in Power Semiconductors
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Power Semiconductor Industry
  • Growth Environment: Ecosystem in Power Semiconductors
    • Scope of Analysis
    • Classification of Power Semiconductors*
    • The Power Semiconductor Landscape: Materials, Applications, and Future Trends
    • Power Semiconductor Wafer Size Evolution
    • Move from Planar to Trench SiC Transistor Structures for Higher Power Density and Lower Conduction Resistance
    • Packaging Trends in WBG Semiconductor Power Modules
    • Segmentation by End User
    • Segmentation by Voltage Rating
    • Distribution Channels
  • Growth Environment: Companies to Action (C2A), Power Semiconductors
    • Competitive Environment
    • Key Competitors
  • Growth Opportunity Analysis: Growth Generator in Power Semiconductors
    • Growth Metrics
    • Growth Drivers
    • Growth Driver Analysis
    • Growth Restraints
    • Growth Restraint Analysis
    • Forecast Considerations
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Power Semiconductors: Revenue Forecast by Material, Global, 2020-2033
    • SiC Manufacturing Value Chain
    • GaN Manufacturing Value Chain
    • GaN Power Opportunities: 10-Year Outlook across End-user Industries
    • Revenue Forecast by Voltage Ratings
      • Table Power Semiconductors: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by End User
      • Table Power Semiconductors: Revenue Forecast by End User, Global, 2020-2033
    • Revenue Forecast by Device Type
      • Table Power Semiconductors: Revenue Forecast by Device Type, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Region
      • Table Power Semiconductors: Revenue Forecast by Region, Global, 2020-2033
    • Revenue Forecast by Key Countries
      • Table Power Semiconductors: Revenue Forecast by Key Countries, Global, 2020-2033
    • Revenue Forecast Analysis
    • Top Challenges in the Power Semiconductor Landscape
    • Power Semiconductors Market: Application Split by Materials
    • Power Semiconductors Market: Voltage Ratings Split by Materials
    • Power Semiconductor Stock Keeping Unit (SKU) Analysis: Comparing Si, SiC, and GaN by Voltage Ratings
    • Pricing Trends and Forecast Analysis
    • Revenue Share
    • Revenue Share Analysis
    • Competitiveness of Major Companies
    • Analysis of Competition
    • Key M&As Shaping the Power Semiconductor Ecosystem: 2015-2024
    • Power Semiconductor Market: M&A Analysis
  • Growth Opportunity Analysis: Growth Generator Automotive
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Automotive: Revenue Forecast by Material, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Voltage Ratings
      • Table Automotive: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by Region
      • Table Automotive: Revenue Forecast by Region, Global, 2020-2033
    • Forecast Analysis
    • Typical Automotive Power Semiconductor Supply Chain
  • Growth Opportunity Analysis: Growth Generator Industrial
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Industrial: Revenue Forecast by Material, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Voltage Ratings
      • Table Industrial: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by Region
      • Table Industrial: Revenue Forecast by Region, Global, 2020-2033
    • Forecast Analysis
  • Growth Opportunity Analysis: Growth Generator Communication & IT
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Communication & IT: Revenue Forecast by Material, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Voltage Ratings
      • Table Communication & IT: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by Region
      • Table Communication & IT: Revenue Forecast by Region, Global, 2020-2033
    • Forecast Analysis
  • Growth Opportunity Analysis: Growth Generator Consumer Electronics
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Consumer Electronics: Revenue Forecast by Material, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Voltage Ratings
      • Table Consumer Electronics: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by Region
      • Table Consumer Electronics: Revenue Forecast by Region, Global, 2020-2033
    • Forecast Analysis
  • Growth Opportunity Analysis: Growth Generator Energy & Utility
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Material
      • Table Energy & Utility: Revenue Forecast by Material, Global, 2020-2033
    • Revenue Forecast by Component
    • Revenue Forecast by Voltage Ratings
      • Table Energy & Utility: Revenue Forecast by Voltage Ratings, Global, 2020-2033
    • Revenue Forecast by Region
      • Table Energy & Utility: Revenue Forecast by Region, Global, 2020-2033
    • Forecast Analysis
    • WBG Semiconductors: Enabling the Green H2 Economy
  • Growth Opportunity Analysis: Power Semiconductor Landscape in India
    • Indian Semiconductor Industry
    • Indian Semiconductor Policy
    • Notable Developments in the Indian Semiconductor Sector
    • Indian Semiconductor Ecosystem: Current Capabilities
    • Revenue Forecast
    • Forecast Analysis
    • Powering India's Power Semiconductor Future: Key Packaging for ATMP/OSAT Success
  • Sustainability and Power Semiconductors
    • Top 5 Trends for Sustainability and the Circular Economy
    • Semiconductor Ecosystem Alignment with United Nations (UN) SDGs Critical to Paving the Path to Decarbonization
    • UN Sustainable Development Goals
    • Notable Power Semiconductor Companies Leading the Green Charge
    • Infineon Technologies
    • STMicroelectronics
    • Onsemi
    • Navitas Semiconductor
  • Growth Opportunity Universe in Power Semiconductors
    • Growth Opportunity 1: Reducing Data Centers' Environmental Impact
    • Growth Opportunity 2: Advancements in Power Gallium Nitride (GaN) Landscape
    • Growth Opportunity 3: Simulation-based Tools for Modeling and Analyzing Power Semiconductor Behavior
    • Growth Opportunity 4: Power Efficiency Legislation across End-user Industries
    • Growth Opportunity 5: Quality and Supply Security with Vertical Integration
    • Growth Opportunity 6: Fablite Strategy for Streamlined Operations and Improved Margins
    • Growth Opportunity 7: Developments in Next-Generation Power Semiconductor Materials
  • Best Practice Recognition in Power Semiconductor Sector
    • Best Practice Recognition
  • Frost Radar in Global Power Semiconductors Landscape
    • Frost Radar
  • Next Steps
    • Benefits and Impacts of Growth Opportunities
    • Next Steps
    • Take the Next Step

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