Automotive Power Modules Market Size, Share and Segmentation by Module Type (Intelligent Power module, Power Integrated module), by Propulsion (Electric vehicles, ICE vehicles), by Vehicle Type (Passenger cars, Commercial vehicles), by Regions and Global Market Forecast 2023-2030
Report Id: SNS/AUTO/2112 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Power Modules Market Size was valued at USD 4.29 billion in 2022 and is expected to reach USD 6.34 billion by 2030 and grow at a CAGR of 5% over the forecast period 2023-2030.
The Automotive Power Module is a box that holds several power components, which are usually power semiconductor devices. Dies are the name for these power semiconductors. They are usually soldered or sintered to a power electronic substrate, which holds the dies, makes electrical and thermal contact, and provides electrical insulation where it is needed. As vehicle sales skyrocket around the world, the global market for automotive power modules is set to experience enormous expansion in the near future. The power module is an essential component in the vehicle because of its contribution to the reduction of power losses, the enhancement of battery efficiency, the enhancement of power density, and the extension of driving range. It is recognized as an essential component of the automotive sector as a whole.
In 2020, the CoolMOSTM CFD7A series has been introduced by Infineon Technologies. Both the PFC and the DC-DC stages of on-board charger systems, as well as HV-LV DC-DC converters suited for electric vehicle applications, can utilize these silicon-based, high-performance devices.
MARKET DYNAMICS:
KEY DRIVERS:
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The proliferation of charging stations is driving the demand for power electronic components.
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As a major step toward environmental preservation, electric vehicles (EVs) have arrived.
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Environmental concerns and government actions are driving industry expansion.
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Rising energy costs and resistance to energy-efficiency technology will also fuel industry expansion.
RESTRAINTS:
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Design and integration of high-end apps are lengthy undertakings.
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The high switching frequency of sophisticated technology gadgets creates design issues of their own.
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Engineers face additional hurdles in designing some gadgets because of their cooling requirements.
OPPORTUNITIES:
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In-vehicle applications for SiC and GaN technologies are on the rise.
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Plug-in hybrid electric vehicles (PHEVs) will generate opportunities for power electronics in transportation.
CHALLENGES:
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Compact, high-efficiency devices are in high demand.
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A dearth of approved protocols is essential to strengthening modules' vital enhancements.
IMPACT OF COVID-19:
Since the novel coronavirus disease has entered the picture and been recognized for the adversity and havoc that it is creating, the markets, businesses, the corporate world, and individuals have been facing a lot of issues that are hindering their ability to function and produce to the best of their capability. This is due to the fact that the novel coronavirus disease has come into the picture and been recognized for the adversity and havoc that it is creating. The pandemic has increased diversity to a degree that has never been seen before. This can be attributed to the pandemic's potential to bring about huge changes in the lives of the average person, which is then followed by the shifting lifestyle choices and preferences of consumers.
KEY MARKET PLAYERS:
Continental AG (Germany), STMicroelectronics (Switzerland), Fuji Electric Co. (Japan), Infineon Technologies (Germany), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Toshiba Corporation (Japan), and Rohm Semiconductor (Japan) are some of the affluent competitors with significant market share in the Automotive Power Modules Market.
MARKET ESTIMATION:
Market, By Module Type:
The global market has been divided into intelligent power modules, and power integrated modules based on the module type segment. Due to a decrease in vehicle sales, the market for automotive power modules is expected to increase at a stable pace. Minimizing power losses, increasing battery efficiency, enhancing power density, and extending mileage all depend on the power module. Is an essential component of the automobile industry.
Market, By Propulsion:
The global market has been divided into electric vehicles, and ICE vehicles based on the propulsion segment. The battery-electric vehicle, the plug-in electric vehicle, and the hybrid electric vehicle are the three subcategories that fall under the umbrella of electric vehicles. During the time period forecasted, rising pollution requirements around the world are projected to result in an increase in the number of sales of electric vehicles.
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. Within the automotive power electronics market, the passenger car segment is responsible for a significant portion of the overall revenue. There are a number of variables that contribute to the domination of passenger vehicles, including the growing demand for fuel-efficient technologies and safety systems in emerging markets, which are related to vehicle power trains.
MARKET SEGMENTATION:
By Module Type:
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Intelligent Power module
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Power Integrated module
By Propulsion:
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Electric vehicles
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ICE vehicles
By Vehicle Type:
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Passenger cars
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Commercial vehicles
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REGIONAL ANALYSIS:
North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa make up the automotive power modules market. Asia-Pacific holds the greatest market share in the global market due to increased sales of electric vehicles and automotive infrastructure development. Increasing vehicle electrification presents growth opportunities in this region. North America has the second-largest market share in the world because of the US, Canada, and Mexico, which drive demand. Increasing competition among important companies and governmental and private investment boost market demand in this region. The European region holds the third-largest market share in the global industry due to its technologically advanced infrastructure, which increases the demand for automotive cars. Increasing investment by big firms promotes market demand in this region. Due to poor infrastructure, Latin America and the Middle East, and Africa have the lowest market share. Low per capita income hinders market expansion in certain locations.
REGIONAL COVERAGE:
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North America
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The USA
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Canada
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Mexico
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Europe
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Germany
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The UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.29 Billion |
| Market Size by 2030 | US$ 6.34 Billion |
| CAGR | CAGR of 5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Module Type (Intelligent Power module, Power Integrated module) • by Propulsion (Electric vehicles, ICE vehicles) • by Vehicle Type (Passenger cars, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Continental AG (Germany), STMicroelectronics (Switzerland), Fuji Electric Co. (Japan), Infineon Technologies (Germany), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Toshiba Corporation (Japan), and Rohm Semiconductor (Japan) |
| Key Drivers | •The proliferation of charging stations is driving the demand for power electronic components. •As a major step toward environmental preservation, electric vehicles (EVs) have arrived. |
| RESTRAINTS | •Design and integration of high-end apps are lengthy undertakings. •The high switching frequency of sophisticated technology gadgets creates design issues of their own. |
Frequently Asked Questions (FAQ) :
What is the CAGR that the market will have over the next few years?
Ans:- 5% is the CAGR of the Automotive Power Modules Market in the forecast period.
What exactly is an Automotive Power Modules?
Ans:- The Automotive Power Module is a box that holds several power components, which are usually power semiconductor devices.
What are the most significant obstacles facing the Automotive Power Modules Market?
Ans:- Compact, high-efficiency devices are in high demand and a dearth of approved protocols is essential to strengthening modules' vital enhancements are the most significant obstacles facing the Automotive Power Modules Market.
What are the key benefits stakeholders will get from this report?
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Power Modules Market Segmentation, By Module Type
8.1 Intelligent Power module
8.2 Power Integrated module
9. Global Automotive Power Modules Market Segmentation, By Propulsion
9.1 Electric vehicles
9.2 ICE vehicles
10. Global Automotive Power Modules Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 STMicroelectronics (Switzerland)
12.3 Fuji Electric Co. (Japan)
12.4 Infineon Technologies (Germany)
12.5 ON Semiconductor (US)
12.6 Mitsubishi Electric Corporation (Japan)
12.7 Robert Bosch GmbH (Germany)
12.8 Renesas Electronics Corporation (Japan)
12.9 NXP Semiconductors (Netherlands)
12.10 Toshiba Corporation (Japan)
12.11 Rohm Semiconductor (Japan)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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