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Power Semiconductor Market will clock 5

Power Semiconductor Market will clock 5.1% CAGR over the forecast period
Power Semiconductor Market will clock
5.1% CAGR over the forecast period
Global Power Semiconductor Market: Snapshot
The global power semiconductor market is likely to witness
steady growth on the back of introduction of fifth-generation
(5G) mobile communication. 5G mobile communication is
anticipated to be launched in 2018; the number of 5G mobile
base stations is likely to be more than 4G base stations.
The heavy consumption of power semiconductors across
several end use industries such as industrial, automotive,
consumer electronics, and renewable energy among others is a
key growth driver of power semiconductor market. The
increasing popularity of electric vehicles, hybrid vehicles, and
plug-in electric vehicles accounts for significant growth of
automotive electronics.
As per a report by Transparency Market Research (TMR), the
global power semiconductor market will clock 5.1% CAGR over
the forecast period between 2017 and 2025. At this rate, the
market will become worth US$54,881.2 mn by the end of 2025.
Automotive Electronics to Remain Attractive
The report studies the global power semiconductor market on
the basis of component, material, end-use, and geography.
Based on component, the market has been categorized into
power MOSFET (metal oxide semiconductor field effect
transistor), thyristors, rectifiers, IGBT (insulated gate bipolar
transistor), and diode. In terms of material, the power
semiconductor market is bifurcatred into silicon/germanium,
SiC, and GaN.
On the basis of end use, the market is classified into
automotive, industrial, telecommunication, consumer
electronics, aerospace & defense, healthcare, and others.
Among these, automotive electronics accounts for significant
consumption of power semiconductors. The number of
semiconductors in vehicles have surged with the rising
adoption of electric vehicles, plug-in electric vehicles, and
hybrid electric vehicles. Further, the advent of drive-by-wire or
x-by-wire technologies have led to a rise in number of electric
content in vehicles over mechanical vehicle parts. This helps
reduce vehicle weight which is directly related to improve fuel
efficiency and reduce vehicular emission.
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Telecommunications is also a significant end-user of power
semiconductors. The segment displays demand for RF power
amplifiers and IGBTs among others. With the anticipated launch
of 5G in 2018 across the world, the demand for power
semiconductors is likely to receive a boost.
Driven by China, Asia Pacific to Report Strong Growth
Geographically, the report studies the global power
semiconductor market with respect to North America, Asia
Pacific, Europe, the Middle East and Africa, and South America.
Currently, Asia Pacific accounts for the leading consumption of
power semiconductors among other key regions; the region
also accounts as one of the leading exporters of power
semiconductors in the world. The growth in the region is mainly
attributed to China, which is a leading automotive and
passenger vehicle market in the world. China is currently the
leading consumer of power semiconductors; going forward,
China is forecast to account as a leading exporter of power
semiconductors over the forecast period. This is mainly because
China is the world’s leading automotive market and leading
producer of electric vehicles across the world.
Furthermore, demand for power semiconductors is increasing
from renewable energy sectors in the region. For instance, solar
and wind energy is used for power needs in consumer
electronics, telecommunication, automotive, data
communications, medical, etc.
Europe accounts as a leading consumer of power
semiconductors among others in the global market. Germany is
one of the leading domestic markets for power semiconductors
in the region. France is another key domestic market for power
semiconductors; telecommunication is a key end use segment
for power semiconductor in France.
Download Report TOC for in-depth analysis @
Leading players 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.
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