According to the report, the global automotive power modules market is projected to expand from USD 6.3 billion in 2025 to USD 20.8 billion by 2035, registering a CAGR of 12.7%, the highest during the forecast period. Growing electrification of vehicles, increasing EV adoption, and a need for compact and efficient power-conversion systems are fueling the growth of the global automotive power modules market.
The increase of demand for high power density modules to increase the efficiency and thermal performance of the inverter as well as advance the vehicle packaging. For instance, in March 2024, Mitsubishi Electric launched its J3-Series SiC-MOSFET and RC-IGBT modules that reduce the thermal resistance by up to 30% and module size by up to 65% for EV/PHEV inverters. The adoption of EVs and the demand for compact, high-efficiency power electronics are driving global demand for advanced automotive power modules.
Key Driver, Restraint, and Growth Opportunity Shaping the Global Automotive Power Modules Market
The availability and cost of SiC substrates, semiconductor wafers, advanced packaging materials, and other critical components may change, which could lead to higher manufacturing costs and impact production schedules. Automotive power-module suppliers may be limited in their ability to keep pricing, capacity use and delivery schedules consistent due to supply-chain uncertainty.
The automotive industry is becoming more focused on creating scalable EV platforms to accommodate various types of vehicles and their power needs. It provides potential for standardized and configurable power modules which can be implemented across various traction inverters, onboard chargers and DC-DC modules, allowing suppliers to increase design wins and decrease development complexity.
Expansion of Global Automotive Power Modules Market
Increasing Adoption of High-Power-Density SiC Module Packaging Technologies
Regional Analysis of Global Automotive Power Modules Market
Prominent players operating in the global automotive power modules market is Bosch Semiconductor, Fuji Electric Co., Ltd., Hitachi Energy Ltd., Infineon Technologies AG, Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, ON Semiconductor Corporation, Renesas Electronics Corporation, ROHM Co., Ltd., Semikron Danfoss, StarPower Semiconductor Ltd., STMicroelectronics N.V., Toshiba Electronic Devices & Storage Corporation, Vincotech GmbH, Vishay Intertechnology, Inc., Wolfspeed, Inc., Others.
The global automotive power modules market has been segmented as follows:
Global Automotive Power Modules Market Analysis, By Device Type
Global Automotive Power Modules Market Analysis, By Semiconductor Material
Global Automotive Power Modules Market Analysis, By Power Module Type
Global Automotive Power Modules Market Analysis, By Device Type
Global Automotive Power Modules Market Analysis, By Voltage Rating
Global Automotive Power Modules Market Analysis, By Power Rating
Global Automotive Power Modules Market Analysis, By Propulsion Type
Global Automotive Power Modules Market Analysis, By Application
Global Automotive Power Modules Market Analysis, By Vehicle Type
Global Automotive Power Modules Market Analysis, By Sales Channel
Global Automotive Power Modules Market Analysis, By Region
About Us
MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.
Contact Us
USA Address:
800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.
+1(302)303-2617
info@marketgenics.co
India Address:
3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.
sales@marketgenics.co
Table of Contents
Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography
We will customise the research for you, in case the report listed above does not meet your requirements.
Get 10% Free Customisation