PR Newswire: news distribution, targeting and monitoring
2014

Demand for Power Semiconductors in the Automotive Industry Strengthens as Global Vehicle Sales Increase, Finds Frost & Sullivan

Electric vehicles fuel market growth; Asia-Pacific and Europe will be the major hot spots

Share with Twitter Share with LinkedIn

MOUNTAIN VIEW, Calif., Aug. 29, 2013 /PRNewswire/ -- Environmental regulations, the electrification of the powertrain, the need for efficient power management and the availability of new safety features are driving the global power semiconductor market in the automotive industry. The popularity of electric vehicles, which have a larger content for power semiconductors, is fueling installations. On the other hand, new trends like the idling-stop system will boost the use of semiconductor content within traditional fuel-based vehicles.

Recent analysis from Frost & Sullivan (http://www.semiconductors.frost.com), Analysis of Global Power Semiconductors Market in the Automotive Industry, finds that the market earned revenue of $2.81 billion in 2012 and estimates this to reach $5.28 billion in 2018. Insulated-gate bipolar transistors (IGBT) and metal oxide semiconductor field-effect transistors (MOSFETs) are chief contributors to revenues, and are replacing traditional solutions such as bipolar junction transistors and thyristors. Asia-Pacific and Europe will be key regions for market growth.

If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

Rising incomes of the middle class in countries like India, China and Brazil have ignited vehicle sales, thereby spurring the need for power semiconductors used in these vehicles.

"Consumers are shying away from traditional gas guzzling automotives, preferring fuel-efficient vehicles due to the escalating costs of fuel," said Frost & Sullivan Measurement and Instrumentation Program Manager Aravind Seshagiri. "This has increased the deployment of power semiconductors in existing powertrain and engine control systems, as original equipment manufacturers look to improve performance and lower fuel consumption."

Stringent emission norms and mileage regulations have opened up opportunities for power saving chips. Emphasis on reducing switching losses for IGBT and switching on power requirements for MOSFETs in automotive environments where losses are induced by high temperature and electromagnetic interference, adds to the adoption of power semiconductors.

Although, while demand has gone up, it does not remain constant, making it difficult for semiconductor manufacturers to keep up with the steep variation. Moreover, it is hard to accurately forecast demand due to diverse consumer requirements. As a result, market needs are not completely addressed, thus lowering revenues. The lack of technical advancements in the field of power semiconductors has further slowed market expansion.

"With little technological progress in the power components sector, power semiconductor application areas are likely to be taken over by integrated circuits, especially in electric vehicles," noted Seshagiri. "New technologies like silicon carbide-based power electronics will also be key focus areas for innovation."

Analysis of Global Power Semiconductors Market in the Automotive Industry is part of the Semiconductors Growth Partnership Service program. Frost & Sullivan's related research services include: World Market for Semiconductor in Communications, World Market for Semiconductor in Automobiles, World Market for Power Semiconductors and Global Semiconductor Opportunities in HMI Market.

All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Analysis of Global Power Semiconductors Market in the Automotive Industry
NB6D-26

Contact:
Jeannette Garcia
Corporate Communications – North America
P: 210.477.8427
E: jeannette.garcia@frost.com

http://www.frost.com

SOURCE Frost & Sullivan



RELATED LINKS
http://www.frost.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release