Power Discrete and Modules Market Share | Report by 2028

Power Discrete and Modules Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Power Discrete and Power Module), Application (Industrial, Consumer Electronics, IT & Telecom, Automotive, and Others), Material (Si, SiC, and GaN), and Wafer Size (Up to 200 mm and 300 mm)

  • Report Code : TIPRE00019105
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 224
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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

  • CAGR (2021 - 2028)
    6.5%
  • Market Size 2021
    US$ 23.57 Billion
  • Market Size 2028
    US$ 36.72 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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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
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.


Lucrative Regions for Power Discrete and Modules Providers

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.

Power Discrete and Modules Market, by Type, 2020 and 2028 (%)

electronics-and-semiconductor
Power Discrete and Modules Market, by Type, 2020 and 2028 (%)
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.

 

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.

Power Discrete and Modules Market Report Scope

Report Attribute Details
Market size in 2021 US$ 23.57 Billion
Market Size by 2028 US$ 36.72 Billion
Global CAGR (2021 - 2028) 6.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Power Discrete and Power Module
By Application
  • Industrial
  • Consumer Electronics
  • IT & Telecom
  • Automotive
  • Others
By Material
  • Si
  • SiC
  • GaN
By Wafer Size
  • Up to 200 mm and 300 mm
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • INFINEON TECHNOLOGIES AG
  • Mitsubishi Electric Corporation
  • Toshiba Corporation
  • ON Semiconductor Corporation
  • STMicroelectronics
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • Texas Instruments Incorporated
  • ROHM CO., LTD.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Application, Material, and Wafer Size

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What are reasons behind power discrete and modules market growth?

    Power electronic modules are majorly applicable across various fields, such as medical, and defense and aerospace sector. The modules offer a regulated power supply to the flight controller, along with the required information regarding battery current and voltage. The current and voltage information is utilized to determine the consumed power, which helps in estimating 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.

    What are market opportunities for power discrete and modules market?

    A high voltage direct current (HVDC) electric power transmission system utilizes direct current for transmitting electrical power in contrast with the other common alternating current systems. The system is also known as an electrical superhighway or power superhighway. High power IGBT (Insulated Gate Bipolar Transistor) module is one of the crucial components required for the flexible power transfer through a HVDC transmission system. The overhead HVDC power transmission system infrastructure can transmit more power than a high voltage alternating current (HVAC) system.

    Which application is expected to dominate the market in the forecast period?

    Consumer devices such as LCD televisions, digital cameras, game consoles, computers, tablets, printers, and phones are all moving toward faster speeds and lower power usage. Therefore, the circuitries such as power control and delivery platform need to be simplified and reduced in many cases. Manufacturers' need for lower operating currents and voltages has led to the development of metal plate resistors. The firms are creating tiny power modules in response to these demands. For instance, Stackpole Electronics, Inc. provides CSS0201, an all-metal power discrete with small chip size, resistance values of 10 and 20 milliohms, 1% tolerances, and a TCR of 200 parts per million.

    Which type is expected to dominate the market during the forecast period ?

    Discrete devices are single semiconductors such as transistors and diodes. The Power transistors are considered a vital class of discrete devices and are utilized in an array of applications like to regulate voltages, reduce power consumption, and heat generation. Renesas Electronics Corporation; LAM Research Corporation; Amkor Technology; Microsemi; and STMicroelectronics are some of the companies involved in the business of power discrete. Power discrete are important components in circuits intended to lengthen the battery life in portable electronics. Evolving wide-bandgap power devices like GaN and SiC can prove both low & high-power applications at higher frequencies, catering to consumer electronics, higher-power requirements in energy, power grid, automotive, and transportation sectors.

    Which region is expected to dominate the power discrete and modules market in the forecast period ?

    The power discrete and modules market in Asia Pacific (APAC) comprises various major economies such as China, India, Japan, Australia, and South Korea. The region has an advantage of vast population that is expected to witness high demand for residential and commercial construction activities. As per the data obtained from the Indonesia’s Ministry of Public Works and Housing (PUPR), infrastructure investment in 2018 accounted for around US$ 11.3 billion. The applications across residential and commercial infrastructure (applications includes HAVC systems, VRF systems, smart appliances, electronic connection circuits, etc.) requires high usage of discrete power supply components.

    What trends are expected to drive the demand for various power modules ?

    IPM (Intelligent Power Module) is a type of high-performance module that mounts a dedicated drive circuit to draw superior performance from an IGBT chip. The IPM offers a custom IC for the execution of self-protection functions, such as short circuit and supply under voltage These modules are commonly associated with motor control, but they are also utilized in inverters, uninterruptible power supplies, and renewable energy systems. IPM also finds use in compressors, pumps, HVAC, and elevators in the industrial sector. In home appliances, these modules can be used for air purifiers, fans, air conditioners, washing machines, vacuum cleaners, and refrigerators.

    The List of Companies - Power Discrete and Modules Market

    1. INFINEON TECHNOLOGIES AG
    2. Mitsubishi Electric Corporation
    3. Toshiba Corporation
    4. ON Semiconductor Corporation
    5. STMicroelectronics
    6. NXP Semiconductors
    7. Renesas Electronics Corporation
    8. Texas Instruments Incorporated
    9. ROHM CO., LTD.              
    10. Semtech Corporation

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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