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Automotive Intelligent Power Devices Market

Market Study on Automotive Intelligent Power Devices: Rising EV Sales to Drive Product Usage

Automotive Intelligent Power Devices Market Segmentation By Product Type - Automotive IGBTs (Automotive IGBT Modules, Automotive IGBT Discrete), Automotive Power MOSFETs ( Automotive N-Channel MOSFETs, Automotive P-Channel MOSFETs, Automotive N&P-Channel MOSFETs ).

Automotive Intelligent Power Devices Market Outlook (2023 to 2033)

The global automotive intelligent power devices market was valued at US$ 1.41 billion in 2022, and by the end of 2033, it is expected to reach US$ 5.46 billion, expanding rapidly at a CAGR of 13.2% from 2023 to 2033.

An automotive intelligent power device (IPD) is a power electronic switch with different diagnostic and fault-sensing features that help in fault detection and mitigation in automotive systems. It provides power to various types of loads accurately. Growing production and sales of plug-in hybrid electric vehicles (PHEVs) are expected to provide significant opportunities for manufacturers of automotive intelligent power devices in transportation applications. Furthermore, the growing number of charging stations will drive the use of power electronic devices such as automotive power MOSFETs and insulated gate bipolar transistors (IGBTs).

Rising environmental concerns have led to the widespread adoption of electric vehicles (EVs) as they run on electricity rather than fossil fuels, and are thus environment-friendly. This factor has fuelled the growth of the market for automotive intelligent power devices. Since these vehicles are entirely reliant on electrical power and electronics, they are directly influencing the adoption of automotive intelligent power devices.

In terms of the regional market landscape, the market in East Asia held a leading market share of 27.3% in the global landscape in 2022. Meanwhile, the demand for automotive intelligent power devices in the North American region is set to grow at a CAGR of 14.7% during the forecast period of 2023 to 2033.

Automotive intelligent power devices currently account for 24.3% share of the global automotive electronics market.

Automotive Intelligent Power Devices Market Size (2023)

US$ 1.55 Billion

Projected Market Value (2033)

US$ 5.46 Billion

Global Market Growth Rate (2023 to 2033)

13.2%

Market Share of Automotive IGBTs (2022)

60.6%

India Market Growth Rate (2022)

15.5%

Market Share of Body Control Units (2022)

14.1%

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What Do Manufacturers of Automotive Intelligent Power Devices Need to Keep in Mind?

“Advanced Applications Necessitate Complex Design & Implementation Process”

The automotive power electronics industry is shifting toward the integration of multiple features and functionality on a single chip, which is resulting in more complex designs. This shift tends to reflect an industry push for sophisticated and cost-effective solutions that deliver reduced switching losses, smaller module sizes, and enhanced power efficiency.

However, these technologically advanced devices have a significant switching frequency, which presents its own variety of design challenges. The complex design structure of control algorithms reduces switching speed and thus impacts the overall performance of the automotive intelligence power device, reducing its adoption rate.

  • In April 2020, Infineon Technologies launched the CoolMOS CFD7A series that can be used in both the DC-DC stage & PFC of HV-LV DC-DC converters and onboard charger systems, specifically designed for electric vehicle applications.
  • In April 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation and added various portfolios of microcontrollers, connectivity components, software ecosystems, and high-performance memories.
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Country-wise Insights

Why is Germany a Leading Market for Automotive Intelligent Power Devices?

“Rising Demand for Energy-efficient Rechargeable Batteries”

The market in Germany is expected to grow as demand for energy-efficient rechargeable batteries and devices rises. Furthermore, the rise in vehicle modernization will impact the electronic power market and accelerate target market growth. Additionally, increased demand for connected vehicle equipment and electric cars is expected to fuel the market in the country over the coming years.

Germany has been analyzed to dominate the global market for automotive intelligent power devices with a share of 24.7% in 2022.

Will India Provide Lucrative Opportunities to Automotive Intelligent Power Device Suppliers?

“Growing Market for EVs in India Driving Demand for Automotive Intelligent Power Devices”

The Indian EV automobile market is progressing at a quick rate, especially in big cities. This growth has come about because of the emergence of various local players that provide these vehicles at an affordable amount. Multi-national companies have understood this trend and are planning to set up manufacturing units in the country to sell these vehicles at affordable rates.

Due to the road conditions and affordability of electric scooters, the adoption of these vehicles is occurring at a quicker rate. These factors are driving the automotive intelligent power devices market in India, which is predicted to expand at a CAGR of 15.5% between 2023 and 2033.

Why is Adoption of Automotive Intelligent Power Systems Increasing in the United States?

“High EV Adoption Driving Need for Automotive Intelligent Power Devices

The adoption of electric vehicles has been increasing at a rapid rate in the United States. This development has been highly beneficial for automotive intelligent power device producers because of their high application in these vehicles.

The U.S. is the third-most populated country and has historically held a large market for automobile vehicles. The presence of numerous automobile companies that intend to build a presence in the market for EVs is driving the demand for automotive intelligent power devices as well.

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Category-wise Insights

Why Do Automotive IGBTs Account for a Larger Market Share?

The IGBTs segment is estimated to dominate the automotive intelligent power devices market with a share of 60.6% owing to the factors such as increased popularity of IGBTs in energy & power, automotive, consumer electronics, and industries due to the growing demand for electric vehicles and the greater need for high voltage operational devices.

Due to the high switching rate and low power loss, the demand for automotive IGBTs is expected to grow substantially in the near future.

Will Body Control Units Continue Driving Market Growth Going Ahead?

Body control units accounted for a leading market share of 14.1% in 2022 owing to the factors such as increased demand for advanced safety, comfort & convenience features in vehicles, stringent government regulations, and increased demand for automotive.

Simultaneously, research is being conducted to develop low-cost controlling modules, which are expected to boost segment growth over the coming years. Demand for active safety features in vehicles, such as driver assistance systems, is expected to drive the growth of the body control units segment during the forecast period.

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Competitive Landscape

Automotive intelligent power device vendors are providing a wide variety of components that are applicable in different automobile vehicles. These companies have an eye on upcoming technologies such as connected cars and intent to be prepared for such developments.

  • In March 2020, Infineon Technologies launched MOSFETS with 80V and 100V rating with OptiMOS 5 technology for the various 48V purposes.
  • In January 2020, STMicroelectronics launched solutions for automotive systems such as EVs using its industry-leading SiC (silicon carbide) power MOSFETs with small packages.

Recent developments related to key manufacturers of automotive intelligent power solutions have been tracked by analysts at Persistence Market Research, which will be accessible in the full report.

Automotive Intelligent Power Devices Industry Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Product
  • Application
  • Vehicle Type
  • Region

Key Companies Profiled

  • Renesas Electronics Corporation
  • Infineon Technologies
  • STMicroelectronics
  • Toshiba Electronic Devices & Storage Corporation
  • ROHM Co., Ltd.
  • ON Semiconductor Corporation
  • NXP Semiconductors
  • Fuji Electric
  • Fairchild Semiconductor
  • Hitachi Semiconductors
  • Mitsubishi Electric Corporation
  • Nexperia

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Key Segments of Automotive Intelligent Power Devices Industry Research

By Product:

  • Automotive IGBTs
    • Automotive IGBT Modules
    • Automotive IGBT Discrete
  • Automotive Power MOSFETs
    • Automotive N-Channel MOSFETs
    • Automotive P-Channel MOSFETs
    • Automotive N&P-Channel MOSFETs

By Application:

  • Body Control Units (BCUs)
  • Powertrains
  • Lighting
  • HVAC Systems
  • Fuel Injection
  • On-board Charging
  • Battery Management Systems
  • Motor Drives
  • Electric Power Steering (EPS)
  • Electric Braking Systems
  • Infotainment Systems
  • Airbag Systems
  • Others

By Vehicle Type:

  • ICE-based Vehicles
    • Passenger Cars
    • Commercial Vehicles
  • Electric Vehicles/Hybrids
    • Electric Passenger Cars
    • Electric Commercial Vehicles

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Renesas Electronics Corporation
  • Infineon Technologies
  • STMicroelectronics
  • Toshiba Electronic Devices & Storage Corporation
  • ROHM Co., Ltd.
  • ON Semiconductor
  • NXP Semiconductors
  • Fuji Electric
  • Fairchild Semiconductor
  • Hitachi Semiconductors
  • Mitsubishi Electric Corporation
  • Nexperia

- Frequently Asked Questions -

In 2022, the global automotive intelligent power devices market was valued at US$ 1.41 billion.

Sales of automotive intelligent power devices are estimated to increase at 13.2% CAGR through 2033.

The market for automotive intelligent power devices is forecasted to reach US$ 5.46 billion by 2033.

Demand for automotive intelligent power devices is projected to rise at a CAGR of 15.5% in India.

East Asia accounted for 27.3% share of the global automotive intelligent power devices market in 2022.

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