Published on : Jan 30, 2018
ALBANY, New York, Jan 30, 2018: ResearchMoz.us has announced the addition of a report, titled “Power Semiconductor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, to its offering. The report on the global power semiconductor market offers in-depth insights into key growth drivers and restraints, notable technology trends, prominent demand patterns, major technological advancements, and emerging opportunities. The study highlights major joint ventures and collaborations in various regions and evaluates their impact on the overall competitive landscape. Furthermore, the analysis takes a closer look at key developments in end-use industries and highlights the lucrative avenues expected in the coming years.
The global power semiconductor market is projected to rise at a CAGR of 5.1% from 2017 to 2025 and is expected to reach a worth of US$54,881.2 million by the end of the forecast period. The global power semiconductor market is projected to witness a steady demand through the forecast period riding on the back on emerging next generation telecommunication standard 5G and its popularity in developing and developed countries.
The evolution of the market is driven to a large extent by the development of modern power electronics for various end-use industries. These are automotive, industrial, telecommunication, consumer electronics, aerospace and defense, and healthcare industries. Of these, the automotive industry leads the pack, attributed to the extensive uptake of power semiconductors in automotive electronics. The vastly rising demand for these in next-generation vehicles is driving the growth in this segments.
Regionally, Asia Pacific accounts for the dominant consumption of power semiconductors. A large chunk of the demand comes from China, which is also the most prominent exporter of these devices. A burgeoning automotive market in key economies of this region is a prominent factor aiding to the growth of the regional market.
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The advent of next generation mobile networks built on 5G in 2018 is a primary factor bolstering the demand for advanced power semiconductors. Several prominent mobile and telecommunication substantially investing to develop 5G is a key factor providing a robust fillip to the demand for power semiconductors. The rapid emergence of 5G base stations world over and the vastly rising uptake of RF power amplifiers in these stations are likely to spur the demand for power semiconductors. The adoption of GaN-based power amplifiers in developing next-generation mobile networks is also boosting the market.
The burgeoning demand for high-performance power semiconductors in a number of passenger vehicles and automotive parts in various developing and developed nations is expected to accentuate the growth of the market through the assessment period. The rising popularity of steer-by-wire or drive-by-wire systems in vehicles is stoking the demand for power semiconductors in various regions. Furthermore, the growing use of power semiconductors in automotive electronics to minimize vehicular emission also bodes well for the market.
The power semiconductor market will also benefit from rising adoption of electric vehicles in a number of emerging and developed economies.
The substantially growing demand for RF power amplifiers and insulated gate bipolar transistors in the telecommunication industry is a noteworthy factor accentuating the growth of the power semiconductors market. The markedly growing number of data centers having massive power requirements in developed regions is significantly contributing to the growth of the market. The substantial demand can be attributed to the growing preference of wide-bandgap power semiconductor devices over silicon-based devices in these centers.
The power semiconductors market features a fairly fragmented landscape marked by intense competition among a growing number of players of varying sizes. Prominent players opt for high product differentiation, regular product upgrades, and aggressive pricing strategies to maintain their stronghold in the market. Some of the leading players operating in the market are Toshiba Corporation, Semikron International GmbH, Mitsubishi Electric Corporation, ST Microelectronics N.V., Fuji Electric Co. Ltd., ON Semiconductor, Texas Instruments, and Infineon Technologies AG.
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