The Asia Pacific Power Transistor Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 811.0 million units, showcasing a growth of 2.9% (2019-2022).
The market is expected to rise due to the increasing demand for electric vehicles. Many vehicle components, such as the ignition switch, power steering, and interior lighting, require power transistors. Power transistors play a critical role in managing the electric energy utilized by electric vehicles. The market is also expanding significantly due to the quickly expanding need for power-efficient devices across multiple end-use verticals. The market is expanding as a result of the rising demand for automation technologies and the rise of Industry 4.0.
Self-driving cars work with the aid of semiconductor chips in the automotive sector. The next-generation cars would include integrated semiconductor chips that would work together on a variety of tasks. Automotive semiconductors will assist these self-sustaining vehicles with superior electronic solutions for increased connectivity, improved sensors, automation, battery performance in EVs, and much more. Automotive AI software will increase the operational effectiveness of fully and semi-autonomous cars.
The widespread adoption of AI technology in recent years has enabled businesses to plan for AI-integrated semiconductor chips. This will result in a number of benefits for a variety of businesses, including decreased operational costs, enhanced performance and speedier production, enhanced efficiency and response times, etc. The growth potential of semiconductor manufacturers will be influenced by the demand for artificial intelligence (AI) software and hardware. Additionally, the significant increase in research and development, the growing use of autonomous robotics across an array of industrial verticals, and the introduction of high-tech products will open up new opportunities and accelerate the growth of the market.
The Southeast Asia region witnessed advancements in semiconductor production capacity. With 120 design units, India has a reasonably well-developed semiconductor design sector. The nation has attracted several international integrated device manufacturers (IDMs) to locate their captive design centers. Future demand for semiconductor chips is expected to rise due to the nation's expanding electronics industry. Hence, the region presents lucrative growth potential for the market.
The China market dominated the Asia Pacific Power Transistor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,135.2 million by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).
Based on Type, the market is segmented into Bipolar Junction Transistor, Field Effect Transistor and Heterojunction Bipolar Transistor. Based on Technology, the market is segmented into Low-voltage FETs, RF Microwave Power, High-Voltage FETs, and IGBT Transistor. Based on Vertical, the market is segmented into Manufacturing, Consumer Electronics, Automotive, IT & Telecommunication and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Power Transistor Market is Projected to reach USD 20.2 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Texas Instruments, Inc., Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Microchip Technology Incorporated, Mitsubishi Electric Corporation, Renesas Electronics Corporation, Vishay Intertechnology, Inc., Rohm Co., Ltd. and Diodes Incorporated
By Type (Volume, Million Units, USD Million, 2019-2030)
By Technology (Volume, Million Units, USD Million, 2019-2030)
By Vertical (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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