USD 7.2 billion
Automotive IGBTs Market Size, Share, and Growth Analysis
Automotive IGBTs Market By Type (Discrete IGBT, IGBT Module), By Power Rating (Low Power, Medium Power), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Application (Electric Vehicles, Hybrid Vehicles), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45K2074 |
Region:
Global |
Published Date: March, 2025
Pages:
197
|Tables:
65
|Figures:
77
Format -
Automotive IGBTs Market Insights
Automotive IGBTs Market size was valued at USD 7.2 billion in 2023 and is poised to grow from USD 7.91 billion in 2024 to USD 16.7 billion by 2032, growing at a CAGR of 9.8% during the forecast period (2025-2032).
They are commonly used in high-voltage applications that demand lower conduction losses due to their increased switching frequency. Consumer electronics, energy & electricity, rail, and the automobile industries are all experiencing increased demand for it. IGBTs, also known as insulated gate bipolar transistors, are voltage-controlled switching components that have largely supplanted BJTs and MOSFETs in power applications. Insulated Gate Bipolar Transistors [IGBT] are suited for high-voltage, high-current applications and have been created to drive high-power applications with a low-power input. IGBTs are utilised to provide fast switching with great efficiency, a constant power supply, and they accomplish this by reducing the excessive power supply. By introducing less switch loss, it reduces the heat tension on electric equipment or appliances, extending the life of the equipment. The power MOSFET, which accounts for 30% of the power transistor market, is the most extensively used power transistor, followed by the IGBT. IGBTs are frequently used in consumer electronics, industrial technologies, automotive (EV/HEV), inverters/UPS, the energy industry, aerospace electronics, and transportation.
US Automotive IGBTs Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Medium Voltage
Fastest Growth
High Voltage
Growth Rate
9.8% CAGR
Global Automotive IGBTs Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive IGBTs Market Segments Analysis
Global Automotive IGBTs Market is segmented by Type, Power Rating, Vehicle Type, Application and region. Based on Type, the market is segmented into Discrete IGBT and IGBT Module. Based on Power Rating, the market is segmented into Low Power, Medium Power and High Power. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Application, the market is segmented into Electric Vehicles, Hybrid Vehicles, Plug-in Hybrid Vehicles and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Global Automotive IGBTs Market Analysis by Voltage Analysis
During the forecast period, high voltage is anticipated to increase its share the most. High voltage insulated gate bipolar transistors are used in industry because they can handle a lot of current and allow for voltage-controlled gate operation, among other things. High voltage is being used more and more in a variety of industries, including transportation, aviation, unmanned aerial vehicles, and manufacturing.
During the anticipated period, medium voltage is likely to experience rapid growth. It is projected that the rising demand for 1700 V–2500 V transistors across manufacturing industries for automation operations will be the main driver of medium voltage demand. With its significantly increasing usage in electric vehicles and renewable application, the low voltage is predicted to increase steadily.
Global Automotive IGBTs Market Analysis by Application
In terms of revenue share, industrial manufacturing is predicted to rule the market. The demand for insulated gate bipolar transistors is probably going to increase due to the increasing factory automation and industrial IoT use in manufacturing facilities.
Electric vehicles are increasingly in demand in the automotive industry because they offer reliable performance in terms of delivering power to the grid at a regular rate. IGBT and FWD chips are packaged to the module with several devices, an isolation layer, and protection elements for reliability, increasing power, and extending lifetime. These modules can function in a variety of difficult situations, such as chemical contamination, mechanical vibration, humidity, shock, and high temperatures.
Global Automotive IGBTs Market By Voltage Analysis
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Automotive IGBTs Market Regional Insights
During the forecast period, Asia Pacific is anticipated to increase its market share significantly while also experiencing the highest CAGR. The largest rise is ascribed to the abundance of electrical and semiconductor producers in China, South Korea, and India. Due to its position as the world's top producer of electric vehicles, China is predicted to receive the highest revenue share. The country's market is expanding as a result of the growing use of electric automobiles. And with the development of technology, the demand for energy-saving resources is rising in India and Japan as well.
Throughout the forecast period, North America is anticipated to grow significantly. As knowledge of and use of renewable resources increase, the industry in the region is anticipated to experience significant growth. It is widely recommended in North America for energy savings due to its low power consumption.
Global Automotive IGBTs Market By Region
- Largest
- Fastest
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Automotive IGBTs Market Dynamics
Global Automotive IGBTs Market Drivers
Increasing Focus on Reducing Carbon Emission to bring Lucrative Revenue generating Opportunities for Players
- Many companies are investing heavily in research and development to improve the performance and efficiency of IGBTs, and to develop new IGBT technologies. This investment is expected to drive the growth of the Automotive IGBTs market as new and improved IGBTs are introduced into the market
- The automotive industry is under pressure to reduce carbon emissions, and electric and hybrid vehicles are seen as a key solution. IGBTs are critical components in the power electronics of these vehicles, and as the demand for electric and hybrid vehicles grows, so too will the demand for IGBTs.
Global Automotive IGBTs Market Restraints
Limited Availability of Raw Materials to Hinder Market Growth
- The production of IGBTs requires the use of several raw materials, including silicon, copper, and aluminium. The limited availability of these raw materials could limit the production of IGBTs, which could, in turn, limit their adoption in the automotive industry.
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Automotive IGBTs Market Competitive Landscape
The study also offers a detailed analysis of recent company events and developments, including product development, inventions, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and other activities. This makes it possible to assess the level of total market competition.
Top Players in Automotive IGBTs Market
- Infineon Technologies AG (Germany)
- Fuji Electric Co., Ltd. (Japan)
- ON Semiconductor Corporation (United States)
- STMicroelectronics N.V. (Switzerland)
- Toshiba Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Texas Instruments Incorporated (United States)
- Vishay Intertechnology, Inc. (United States)
- ABB Ltd. (Switzerland)
- Robert Bosch GmbH (Germany)
- Semikron International GmbH (Germany)
- Rohm Co., Ltd. (Japan)
- Littelfuse, Inc. (United States)
- Power Integrations, Inc. (United States)
Global Automotive IGBTs Market Recent Developments
- In February 2024, Infineon Technologies and Honda Motor Co. entered into a Memorandum of Understanding (MoU) to establish a strategic collaboration. Honda selected Infineon as its semiconductor partner to synchronize future product and technology roadmaps.
- In October 2023, Hyundai Motor Group, South Korea's leading automaker, forged a strategic partnership with German chipmaker Infineon Technologies AG. The aim is to ensure a reliable supply of power chips and collectively enhance electric vehicle performance. Additionally, Hyundai and Kia will collaborate with Infineon to enhance the power performance of their electric and hybrid models, as stated by the Korean companies.
- In May 2023, DENSO CORPORATION, a prominent mobility supplier, joined forces with United Semiconductor Japan Co., Ltd., a subsidiary of global semiconductor foundry United Microelectronics Corporation. They announced a collaborative effort to manufacture insulated gate bipolar transistors* (IGBT), which have commenced mass production at the 300mm fab of USJC.
Automotive IGBTs Key Market Trends
- In order to improve the performance and efficiency of electric and hybrid vehicles, IGBTs are being integrated with other power electronics components, such as MOSFETs and BJTs. This integration can improve the performance of the power electronics system as a whole and provide additional benefits, such as reducing the cost of the system.
Automotive IGBTs Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global Automotive IGBTs market is a rapidly growing market that is being driven by the shift towards electric and hybrid vehicles, as well as the increasing demand for energy-efficient power electronics solutions. The market is expected to continue growing at a significant pace in the coming years, driven by the increasing adoption of electric and hybrid vehicles, as well as advances in IGBT technology. Despite the positive growth prospects for the Automotive IGBTs market, there are also several challenges that must be overcome. These include the high cost of IGBTs, as well as technical challenges associated with improving the efficiency and reliability of these components. In addition, there is increasing competition in the market, as more companies enter the space to take advantage of the growing demand for Automotive IGBTs. The global Automotive IGBTs market is a dynamic and rapidly growing market that is being driven by the shift towards electric and hybrid vehicles, as well as the increasing demand for energy-efficient power
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.2 billion |
| Market size value in 2032 | USD 16.7 billion |
| Growth Rate | 9.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive IGBTs Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive IGBTs Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive IGBTs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive IGBTs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive IGBTs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive IGBTs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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