The power discrete and modules market is expected to grow from US$ 23,572.48 million in 2021 to US$ 36,716.68 million by 2028; it is estimated to grow at a CAGR of 6.5% during 2021–2028.

Power discrete and modules are majorly applicable across various fields, such as medical and aerospace & defense sectors. The modules offer a regulated power supply to the flight controller and the required battery current and voltage information. The current and voltage information is utilized to determine the consumed power, which helps estimate the remaining battery capacity. This allows the flight controller to exhibit failsafe alerts in case of low power. Drones have become an integral part of today's warfare. In the defense sector, the demand for drones is growing for aerial videography, mapping, and surveillance purposes across almost all countries. In the current year (2021), India plans to sign a US$ 3 billion deal for Predator B armed drones.
Rectifiers, clamping circuits, clipper circuits, logic gates, voltage multipliers, solar panels, and reverse current protection circuits are common applications where diodes are being used. Light emission, inductive load dissipation, and sensing & control are a few practical applications of diodes. With the development in industrial applications, the adoption of advanced & high-power diode is prevailing in the market, which is projected to positively influence market growth in the forthcoming period.

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Power Discrete and Modules Market: Strategic Insights

Power Discrete and Modules Market

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  CAGR (2021 - 2028)

  6.5%
• Market Size 2021
  US$ 23.57 Billion
• Market Size 2028
  US$ 36.72 Billion

Market Dynamics

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Key Players

• INFINEON TECHNOLOGIES AG
• Mitsubishi Electric Corporation
• Toshiba Corporation
• ON Semiconductor Corporation
• STMicroelectronics
• NXP Semiconductors
• Renesas Electronics Corporation
• Texas Instruments Incorporated
• ROHM CO., LTD.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Power Discrete and Power Module

Application

• Industrial
• Consumer Electronics
• IT & Telecom
• Automotive
• Others

Material

• Si
• SiC
• GaN

Wafer Size

• Up to 200 mm and 300 mm

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The power discrete and modules market is segmented based on type, application, material, wafer size, and geography. Based on type, the power discrete and modules market is segmented into power discrete and power module. In terms of application, the global power discrete and modules market is segmented into industrial, consumer electronics, IT & telecom, automotive, and others. Based on material, the power discrete and modules market is categorized into Si, SiC, and GaN. Based on wafer size, the power discrete and modules market is segmented into up to 200 mm and 300 mm. In terms of geography, the power discrete and modules market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The key companies operating in the power discrete and modules market include INFINEON TECHNOLOGIES AG; Mitsubishi Electric Corporation; Toshiba Corporation; ON Semiconductor Corporation; STMicroelectronics; NXP Semiconductors; Renesas Electronics Corporation; Texas Instruments Incorporated; ROHM CO., LTD.; and Semtech Corporation.

Impact of COVID-19 Pandemic on Power Discrete and Modules Market

During the COVID-19 pandemic, the North American countries have faced many challenges during their day-to-day operations due to the restrictions imposed by respective governments. The demand for electronic components increased as several companies started operating remotely. Therefore, to operate under an automated environment, increased deployment of electronic systems and power electronics has been witnessed during FY 2020. This has driven the demand for power discrete & modules across the countries such as the US, Canada, and Mexico.

Moreover, the demand for consumer electronics was also impacted somehow during FY 2020 across the US. For instance, in 2020, the consumer electronics revenue from the retail segment was estimated to be around US$ 407 billion that was much lesser than its pre-COVID forecast (around US$ 422 billion). Moreover, the automotive industry has also been affected by the COVID-19 pandemic across the US in this region, owing to demand & supply challenges and manufacturing supplies scarcity issues. This has negatively impacted the market. However, according to the power discrete and modules market research study, the market has witnessed a sluggish growth of nearly 2% y-o-y during FY 2020.

Power Discrete and Modules Market Insights
Growing Requirement for SiC-Based Power Devices AC

Power modules used for handling large currents are particularly IGBT types. The IGBT-type power modules combine Si IGBT with fast recovery diodes (FRDs). Many manufacturers have started providing market-leading modules that integrate SiC MOSFETs with SiC Schottky barrier diode (SBDs). These modules minimize switching losses caused by IGBT tail current and FRD recovery loss. SiC models feature improved power supply efficiency and simple cooling measures, and small peripheral components because of high-frequency operation. In comparison with Si-IGBT used for current power modules, SiC-MOSFET is more capable of switching at high speeds relatively.

The need for SiC power modules is growing in the aerospace sector. To meet the needs of Urban Air Mobility (UAM) and More Electric Aircraft (MEA), Thales Group has developed dedicated power modules. The company's COTS Aero power module is a type of full SiC leg power module that is highly suitable for all DC/AC power conversion applications up to the limit of 260 kW at altitudes of up to 44,000 feet and in non-pressurized zones. The need for SiC MOSFET-BASED power modules is increasing due to high-frequency and ultra-efficient operations in a 3-phase solar inverter, battery, and UPS management applications.

Type-Based Market Insights

Based on type, the power discrete and modules market is segmented into power discrete and power module. In 2020, the power discrete segment accounted for a larger market share.

Application-Based Market Insights                                                                                                        

Based on application, the power discrete and modules market is categorized into industrial, consumer electronics, IT & telecom, automotive, and others. In 2020, the consumer electronics segment accounted for the largest share in the market.

Power Discrete and Modules Market Report Scope

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The players operating in the power discrete and modules market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In November 2021, ROHM developed dual-MOSFET products (Nch+Pch) featuring ±40V/±60V withstand voltages, QH8Mx5/SH8Mx5 series. The devices are ideal for driving motors in base stations (cooling fans) and industrial applications such as factory automation equipment requiring 24V input.
• In April 2021, Renesas Electronics Corporationlaunched the RX23W module with Bluetooth for system control and wireless communication on IoT devices.