Automotive Discrete Semiconductors Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.42 Billion |
| Market Size (2029) | USD 9.32 Billion |
| CAGR (2024 - 2029) | 7.72 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Discrete Semiconductors Market Analysis
The Automotive Discrete Semiconductors Market size is estimated at USD 6.42 billion in 2024, and is expected to reach USD 9.32 billion by 2029, growing at a CAGR of 7.72% during the forecast period (2024-2029).
- The automotive discrete semiconductor market is experiencing significant growth, driven by several key factors that align with the evolving landscape of the automotive industry. Rising demand for electric vehicles and the increasing adoption of advanced technologies such as artificial intelligence and machine learning in connected vehicles create new market opportunities.
- Discrete semiconductors play a pivotal role in the automotive sector, powering essential functions across various systems. They manage power, control engines, handle lighting, drive safety features, enhance comfort, facilitate electric vehicle charging, and enable driver assistance systems. Their reliability and tailored performance characteristics are now indispensable in modern vehicles.
- The rising adoption of EVs and hybrids is spurring the demand for power semiconductors, including MOSFETs, IGBTs, and diodes. These components are vital for efficient power conversion and management. In November last year, Mitsubishi Electric Corporation collaborated with Nexperia, a Netherlands-based firm, to advance silicon carbide semiconductors. Mitsubishi, known for its expertise in wide-bandgap semiconductor technologies, will supply SiC MOSFET chips to Nexperia. In return, Nexperia will harness these chips to craft SiC discrete devices. The partnership, emphasizing the surging SiC power semiconductor demand driven by the electric vehicle market, underscores the industry's trajectory.
- As modern vehicles increasingly incorporate electronic systems for safety, comfort, and infotainment, the demand for reliable, discrete semiconductors is on the rise. Notably, India's manufacturing landscape is witnessing a surge, with local players, like Continental Device India Private Limited (CDIL), stepping up.
- The manufacturing of discrete semiconductors involves complex processes and high capital investment. Fluctuations in raw material prices, particularly for silicon and other essential components, can lead to increased production costs. This can make it challenging for manufacturers to maintain competitive pricing, especially in a market where consumers are increasingly price-sensitive.
- Geopolitical challenges, including the Russian invasion of Ukraine, China-US competition, elections, and the war in Israel, significantly impact the global supply chain, especially critical raw materials vital for traditional industries, defense, high-tech sectors, aerospace, and green energy. The Russia-Ukraine war and economic slowdown caused significant disruption in the semiconductor industry. The increased inflation and interest rates reduced consumer spending, hampered the industry’s demand, and led to slow growth in the automotive discrete semiconductor market.
Automotive Discrete Semiconductors Market Trends
Power Transistors are Expected to Hold a Significant Market Share
- MOSFET power transistors are crucial in efficiently functioning electric vehicles (EVs). They are employed in motor drive systems, battery management systems, DC-DC converters for auxiliary systems, etc. The robust growth of EVs is likely to drive the growth of the market studied.
- Silicon MOSFETs are widely adopted in various applications, including automobile electrification. They offer advantages such as low on-resistance, high switching speed, and high reliability. One of the primary applications of Si MOSFETs is in power electronics. These devices are used in power amplifiers, voltage regulators, motor control circuits, and inverters.
- MOSFETs' high switching speed and low on-resistance make them ideal for efficiently controlling and converting electrical power. MOSFETs are capable of handling high voltage and current levels, allowing compact and efficient power electronic systems to develop.
- Si MOSFETs are the building blocks of digital logic gates, which form the basis of modern computer processors, memory devices, and other digital systems. The ability of MOSFETs to switch between two states (on and off) with low power consumption is crucial for digital applications. They enable the processing, storage, and transmission of information in digital form, revolutionizing the computing world.
- Out of all the presently available contenders, silicon technologies have this competitive advantage because they are mature enough to be reliably mass-produced at a meager cost. Thus, Si-based power devices (FETs) compatible with standard CMOS manufacturing drive the power electronics industry single-handedly, with cost, yield, and reliability advantages.
- The increasing trend for electric vehicles creates a significant demand for power MOSFETs. As per IEA, around 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. Electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase.
United States to Hold a Significant Market Share
- The automotive discrete semiconductor market in the United States is experiencing robust growth due to several interrelated factors. The transition toward electric vehicles is a significant factor driving the demand for discrete semiconductors. EVs require a higher number of discrete components, such as MOSFETs and IGBTs, for power management and battery control systems. As automakers ramp up production of EVs to meet consumer demand and regulatory requirements, the need for discrete semiconductors is expected to rise sharply.
- Furthermore, with the transition to EVs, the number of car companies building SiC-based inverter prototypes has rapidly increased in the past few years. In the sector, the primary applications for SiC power MOSFETs, diodes, and modules are onboard electric vehicle (EV) chargers, DC/DC converters, and drivetrain inverters. Plug-in hybrid EVs and BEVs use onboard chargers to refuel the vehicle battery either at home or at a public charging station.
- Over the last decade, the automotive landscape has undergone significant transformations in production and sales. As per BEA, in 2023, approximately 1.7 million automobiles were produced in the United States. This represents an increase of about 2% compared with the previous year.
- Furthermore, the Biden-Harris Administration unveiled a USD 15.5 billion funding and loan package, with a primary emphasis on revamping current factories for the shift to electric vehicles (EVs). The Department revealed plans to allocate USD 3.5 billion to bolster domestic battery manufacturing. This funding extends to batteries for EVs, the national grid, and the materials and components, currently sourced from abroad. The mentioned factors are anticipated to drive segment growth.
Automotive Discrete Semiconductors Industry Overview
The automotive discrete semiconductors market is consolidated and features key players like STMicroelectronics, Infineon Technologies, NXP Semiconductor, and Diodes Incorporated, among others. Market participants strategically leverage partnerships and acquisitions to bolster their product portfolios and establish a sustainable competitive edge.
In April 2024, Magnachip Semiconductor Corporation unveiled its latest product, the 40V MXT MV MOSFET1. This new addition expands the company's portfolio to include a total of 13 MOSFET and IGBT products, catering to a diverse array of automotive applications. The versatility of this MOSFET is particularly noteworthy, as it can be effectively utilized in motor control systems, power seat modules, and electric stability control systems, providing reliable reverse battery protection.
In March 2024, Toshiba Electronics Europe GmbH introduced two automotive N-channel power MOSFET devices to cater to the increasing demand for 48V batteries and systems in automotive applications such as inverters, semiconductor relays, load switches, and motor drives. The newly launched 80V XPQR8308QB and 100V XPQ1R00AQB are developed using Toshiba’s latest U-MOS X-H process, ensuring minimal on-resistance levels with continuous RDS(ON) values of 350A (XPQR8308QB) and 300A (XPQ1R00AQB), along with pulsed values (IDP) of 1050A and 900A respectively.
Automotive Discrete Semiconductors Market Leaders
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On Semiconductor Corporation
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Infineon Technologies AG
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STMicroelectronics NV
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NXP Semiconductors NV
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Diodes Incorporated
*Disclaimer: Major Players sorted in no particular order
Automotive Discrete Semiconductors Market News
- March 2024: Infineon introduced the first product in its new advanced MOSFET technology OptiMOS 7 80 V: The IAUCN08S7N013 features a significantly increased power density and is available in the versatile, robust and high-current SSO8 5 x 6 mm² SMD package. The OptiMOS 7 80 V offering perfectly matches the upcoming 48 V board net applications. It is designed specifically for the high performance, high quality, and robustness needed for demanding automotive applications like automotive DC-DC converters in EVs, 48 V motor control, for instance, electric power steering (EPS), 48 V battery switches, and electric two- and three-wheelers.
- January 2024: STMicroelectronics and Li Auto have inked a strategic, long-term supply agreement centered around silicon carbide (SiC). Li Auto, a key figure in China's burgeoning new energy vehicle landscape, focuses on crafting, producing, and marketing upscale electric vehicles (EVs). STMicroelectronics (ST) will provide Li Auto with SiCMOSFETs in this collaboration. These components are set to fortify Li Auto's endeavors in high-voltage battery electric vehicles (BEVs) spanning various market segments.
Automotive Discrete Semiconductors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand for High-energy and Power-efficient Devices in the Automotive Industry
5.1.2 Increasing Trend for Connected Cars and ADAS Features
5.2 Market Challenges
5.2.1 Rising Demand for Integrated Circuits
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Diode
6.1.2 Small Signal Transistor
6.1.3 Power Transistor
6.1.3.1 MOSFET Power Transistor
6.1.3.2 IGBT Power Transistor
6.1.3.3 Other Power Transistors
6.1.4 Rectifier
6.1.5 Thyristor
6.2 By Geography***
6.2.1 United States
6.2.2 Europe
6.2.3 Japan
6.2.4 China
6.2.5 South Korea
6.2.6 Taiwan
6.2.7 Latin America
6.2.8 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 On Semiconductor Corporation
7.1.2 Infineon Technologies AG
7.1.3 STMicroelectronics NV
7.1.4 NXP Semiconductors NV
7.1.5 Diodes Incorporated
7.1.6 Toshiba Electronic Devices & Storage Corporation
7.1.7 ABB Ltd
7.1.8 Nexperia BV
7.1.9 Semikron Danfoss Holding A/S (Danfoss A/S)
7.1.10 Eaton Corporation PLC
7.1.11 Hitachi Energy Ltd (Hitachi Ltd)
7.1.12 Mitsubishi Electric Corp.
7.1.13 Fuji Electric Co. Ltd
7.1.14 Analog Devices Inc.
7.1.15 Vishay Intertechnology Inc.
7.1.16 Renesas Electronics Corporation
7.1.17 ROHM Co. Ltd
7.1.18 Microchip Technology
7.1.19 Qorvo Inc.
7.1.20 Wolfspeed Inc.
7.1.21 Texas Instruments Inc.
7.1.22 Littelfuse Inc.
7.1.23 WeEn Semiconductors
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Automotive Discrete Semiconductors Industry Segmentation
Discrete semiconductors are single semiconductor devices that perform an essential electronic function.
For market estimation, the revenue generated from sales of various types of discrete semiconductors used in the consumer industry, such as diodes, small signal transistors, power transistors, and rectifiers, are being tracked globally. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market.
The automotive discrete semiconductors market is segmented by type (diode, small signal transistor, power transistor [MOSFET power transistor, IGBT power transistor, and other power transistors], rectifier, and thyristor) and geography (United States, Europe, Japan, China, Korea, Taiwan, and the Rest of the world). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |||||
| Diode | |||||
| Small Signal Transistor | |||||
| |||||
| Rectifier | |||||
| Thyristor |
| By Geography*** | |
| United States | |
| Europe | |
| Japan | |
| China | |
| South Korea | |
| Taiwan | |
| Latin America | |
| Middle East and Africa |
Automotive Discrete Semiconductors Market Research FAQs
How big is the Automotive Discrete Semiconductors Market?
The Automotive Discrete Semiconductors Market size is expected to reach USD 6.42 billion in 2024 and grow at a CAGR of 7.72% to reach USD 9.32 billion by 2029.
What is the current Automotive Discrete Semiconductors Market size?
In 2024, the Automotive Discrete Semiconductors Market size is expected to reach USD 6.42 billion.
Who are the key players in Automotive Discrete Semiconductors Market?
On Semiconductor Corporation, Infineon Technologies AG, STMicroelectronics NV, NXP Semiconductors NV and Diodes Incorporated are the major companies operating in the Automotive Discrete Semiconductors Market.
Which is the fastest growing region in Automotive Discrete Semiconductors Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Discrete Semiconductors Market?
In 2024, the Asia Pacific accounts for the largest market share in Automotive Discrete Semiconductors Market.
What years does this Automotive Discrete Semiconductors Market cover, and what was the market size in 2023?
In 2023, the Automotive Discrete Semiconductors Market size was estimated at USD 5.92 billion. The report covers the Automotive Discrete Semiconductors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Discrete Semiconductors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Discrete Semiconductors Industry Report
Statistics for the 2024 Automotive Discrete Semiconductors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Discrete Semiconductors analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Automotive Discrete Semiconductors Market Report Snapshots
