The global power semiconductor market features the presence of a multitude of companies of varying sizes. This indicates a highly fragmented and competitive vendor landscape. As per a new market study by Transparency Market Research (TMR), some of the key companies operating in the global power semiconductor market have adopted strategies such as product differentiation, product upgrades, and aggressive pricing to sustain competition. Besides this, key companies are also seeking distribution partnerships with the objective to reach a wider audience, thereby expanding their regional and global outreach.
Prominent companies in the global power semiconductor market
include Infineon Technologies AG, Texas Instruments, ON Semiconductor, Fuji
Electric Co. Ltd., ST Microelectronics N.V., Mitsubishi Electric Group,
Semikron International GmbH, and Toshiba Corporation.
According to TMR, the global power semiconductor market is likely
to display a steady 5.1% CAGR over the forecast period between 2017 and 2025.
Progressing at this rate, the market is anticipated to be valued at US$54,881.2
mn by the end of 2025. Among the key end use industries, automotive electronics
accounts for high consumption of power semiconductor. Geography-wise, Asia
Pacific has emerged as a key regional market for power semiconductors.
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Introduction of 5G Mobile Communication to Fuel Demand
for Power Semiconductors
Among the key growth drivers, the introduction of fifth-generation
(5G) mobile communication worldwide is a key factor driving the global power
semiconductor market. Fifth-generation (5G) mobile communication which is
anticipated to commence from 2018; the number of 5G mobile base stations is
anticipated to be more than 4G base stations. Mobile communication requires
power semiconductors especially radio frequency (RF) type. 5G base stations are
likely to deploy several RF power amplifiers per base station, with 5G base
stations likely to be built in large numbers. Silicon Carbide (SiC), GaN
(Gallium Nitride), GaAs (Gallium Arsanide) are some of the key compounds that
are used in the manufacture of power semiconductors for 5G mobile
communication. For example, Nokia Bell Labs, Mitsubishi Electric, and the Center
for Wireless Communications have announced a joint venture for the development
of high speed GaN-based power amplifier. GaN RF are anticipated to represent
almost one fourth of all mobile communication infrastructure by 2017 end.
Increasing Adoption of Electric Vehicles to Benefit
Market
The heavy consumption of power semiconductors across a host
of end use industries such as automotive, industrial, telecommunication,
consumer electronics, healthcare, aerospace & defense, and renewable energy
among others is a key growth driver of power semiconductor market. Among these,
automotive electronics accounts for high consumption of semiconductors. With
the rise in electric vehicles, hybrid electric vehicles, and plug-in electric
vehicles, deployment of semiconductors in cars has increased manifold. Also,
with the advent of drive-by-wire or x-by-wire technologies such as electronic
throttle control, steer-by-wire, or shift-by-wire, electric content are
considerably replacing mechanical vehicle parts. These factors are leading to
the growth of automotive electronics segment in the worldwide power
semiconductor market.
The high power consumption needs of data centers is also
acting in favor of the growth of power semiconductor market. Currently, WBG
compound power semiconductor devices are increasingly replacing silicon-based
devices to enhance data center’s efficiency. WBG power devices help reduce the
cooling load of data centers.
The review presented is based on the findings of a TMR
report, titled “Power Semiconductor Market (Component - Power MOSFET,
Rectifiers, Thyristors, IGBT, and Diode; Material – Silicon/ Germanium, Silicon
Carbide (SiC) and Gallium Nitride (GaN); End-use – Automotive, Industrial,
Telecommunication, Consumer Electronics, Aerospace & Defense, and
Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2017 – 2025.”
The global power semiconductor market is segmented as
follows:
Global Power Semiconductor Market
- By
Component
- Power
MOSFET
- Rectifiers
- Thyristors
- IGBT
- Diode
- By Material
- Silicon/
Germanium
- Silicon
Carbide (SiC)
- Gallium
Nitride (GaN)
- By End-use
- Automotive
- Industrial
- Telecommunication
- Consumer
Electronics
- Aerospace
& Defense
- Healthcare
- Others
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