Automotive IGBT Chips&Modules Market was valued at USD 5.1 Billion in 2022 and is projected to reach USD 9.4 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The years from 2023 to 2033 are expected to see a profound shift in demand for automotive IGBT chips and modules, driven by the growing push for EV adoption, government regulations encouraging reduced emissions, and the continuous innovation in semiconductor materials. Experts anticipate a significant uptick in the automotive IGBT market, as more automakers make their transition to electrified vehicles, especially with advancements in autonomous driving technology and energy-efficient solutions. The forecasted market growth is projected to surpass previous trends, with IGBT technology playing a crucial role in supporting these ambitious goals.
The primary factors influencing this expected demand include rising consumer adoption of electric vehicles (EVs), investments in charging infrastructure, and the global push towards reducing carbon footprints. In addition, developments in power electronics and advancements in the materials used in IGBT modules, such as silicon carbide (SiC) and gallium nitride (GaN), are contributing to enhanced efficiency and performance. These developments are increasingly being adopted in automotive applications due to their ability to withstand higher temperatures and voltages compared to traditional silicon-based IGBT chips, making them a perfect fit for next-generation EVs.
The automotive sector’s demand for IGBT chips and modules will be closely linked to the ongoing development of EV technologies, including fast-charging stations, high-performance battery systems, and energy-efficient powertrains. Additionally, the automotive industry’s efforts to enhance fuel efficiency and performance in conventional gasoline-powered vehicles will also influence IGBT module integration, which supports electric drivetrains and energy management systems.
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The global automotive industry has witnessed significant advancements in the use of IGBT (Insulated Gate Bipolar Transistor) chips and modules between 2018 and 2022, marking a critical period for this technology’s integration into electric vehicles (EVs), hybrid vehicles, and other automotive applications. IGBT chips and modules are essential for controlling power flow, particularly in the propulsion and battery management systems of modern vehicles. Their role in improving efficiency, reducing energy loss, and enabling high performance in electric and hybrid powertrains cannot be overstated. During this period, the market grew in tandem with the increasing demand for electrification and advancements in renewable energy technologies.
Infineon
Mitsubishi
Fuji Electric
IXYS Corporation
Littelfuse
BYD Company
ON Semiconductor
Semikron
STMicroelectronics
Vishay Intertechnology
Alpha And Omega Semiconductor
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive IGBT Chips&Modules Market
HEV
HV
PTC Heater
Air Conditioning Compressor (HVAC)
Oil Pump
Based on Types the Market is categorized into Below types that held the largest Automotive IGBT Chips&Modules market share In 2023.
Five Generations
Six Generations
Seven Generations
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive IGBT Chips&Modules Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive IGBT Chips&Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive IGBT Chips&Modules Market, By Type
6. Global Automotive IGBT Chips&Modules Market, By Application
7. Global Automotive IGBT Chips&Modules Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive IGBT Chips&Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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