Global Automotive IGBTs Market

Automotive IGBTs Market Size, Share, Growth Analysis, By Voltage Analysis(Low Voltage, Medium Voltage), By Application(Consumer Electronics, Industrial Manufacturing) - Industry Forecast 2024-2031

Report ID: SQMIG45K2074 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 65 | Figures: 77

Automotive IGBTs Market News

  • 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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive IGBTs Market size was valued at USD 6.44 billion in 2022 and is poised to grow from USD 7.08 billion in 2023 to USD 15.06 billion by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).

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. 'Infineon Technologies AG (Germany)', 'Mitsubishi Electric Corporation (Japan)', 'Fuji Electric Co., Ltd. (Japan)', 'ON Semiconductor Corporation (US)', 'STMicroelectronics N.V. (Switzerland)', 'Toshiba Corporation (Japan)', 'Hitachi, Ltd. (Japan)', 'Renesas Electronics Corporation (Japan)', 'Texas Instruments Incorporated (US)', 'Vishay Intertechnology, Inc. (US)', 'ABB Ltd. (Switzerland)', 'Robert Bosch GmbH (Germany)', 'NXP Semiconductors N.V. (Netherlands)', 'Semikron International GmbH (Germany)', 'IXYS Corporation (US)', 'Rohm Co., Ltd. (Japan)', 'Littelfuse, Inc. (US)', 'Power Integrations, Inc. (US)', 'Fairchild Semiconductor Corporation (US)', 'Microsemi Corporation (US)', 'Cree, Inc. (US)', 'Alpha and Omega Semiconductor Limited (Taiwan)'

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

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Magnetic Field Sensor Market
Buy Now GET FREE SAMPLE
Mini LED Market
Buy Now GET FREE SAMPLE
Human Centric Lighting Market
Buy Now GET FREE SAMPLE
Smart Connected Pet Collar Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Automotive IGBTs Market

Product ID: SQMIG45K2074

$5,300
BUY NOW GET FREE SAMPLE