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Power Semiconductors and Modules Market to Register Significant Growth, Thanks to Increasing Penetration of Smartphones

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Published on : Sep 13, 2019

The global power semiconductors and modules market depicts a moderately consolidated landscape. The market is dominated by a handful of players such as Infineon Technologies and Texas Instruments, Cadence Design Systems, and NXP Semiconductors. 

These players are focusing on innovations in their product with the help of organic growth strategies such as business collaborations and expansion. For instance, in June 2019 Infineon Technologies announced to acquire Cypress. As per the top management of the company this move will strengthen and accelerate the growth. 

On the basis of geography, the Asia Pacific is projected to hold maximum share in the power semiconductors and modules market. Factors such as favourable government policies and presence of largest producer and consumer electronics are expected to play a vital role in the growth of the semiconductors and modules market. 

Unprecedented Rise in Consumer Electronic to Drive Market’s Growth 

Power semiconductors and modules market is anticipated to grow at a prominent pace in the coming few years. This is mainly due to the increasing use of power semiconductors consumer and electronic devices by the consumer across the globe. In addition to this, growing penetration of smartphones is another factor poised to fuel the growth in the coming few years. 

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Despite several drivers, factors such as easy availability of cheaper substitute of power semiconductors and modules are expected to hamper the growth of the global power semiconductors and modules market. Nevertheless, several other factors such as rising adoption of 5G technology and growing advancement in wireless communication are likely to boost the growth of the power semiconductor and modules market.