The Global Power Transistor Market size is expected to reach $20.2 billion by 2030, rising at a market growth of 5.6% CAGR during the forecast period.In the year 2022, the market attained a volume of 2,142.9 million units, experiencing a growth of 2.6% (2019-2022).
The consumer electronics industry employs power transistors extensively. As consumer electronics such as earbuds, laptops, smartphones, wearables, and other portable devices become more prevalent, the market is expected to expand. Therefore, the Consumer Electronics segment will register 1/4th share in the market by 2030. The use of 5G-enabled devices that facilitate the adoption of various foundry nodes has expanded with the introduction of 5G technology. The rising demand for improved semiconductors in consumer electronics will be the main driver for the market.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2023, STMicroelectronics N.V. partnered with Airbus, to improve electric powertrain performance or decrease the size of upcoming aircraft by up to 20%. Additionally, In October, 2022, Infineon Technologies AG extended the partnership with VinFast, to establish a shared expertise hub in Hanoi concentrating on electric mobility, aimed at expediting VinFast's advancement in smart mobility solutions.
Based on the Analysis presented in the KBV Cardinal matrix; Texas Instruments, Inc. is the forerunner in the Market. In March, 2023, Texas Instruments, Inc. collaborated with LITEON Technology, to address the need for more compact and dependable systems. Companies such as Infineon Technologies AG, STMicroelectronics N.V., Microchip Technology Incorporated, and Mitsubishi Electric Corporation are some of the key innovators in the Market.
The electronics and semiconductor industries are constantly expanding their usage of cutting-edge technology. Environmental issues like pollution and e-waste are getting worse as technology advances. Most end users choose to incorporate environmentally friendly transistors, diodes, and triodes in their finished products to resolve this issue. Pollution is being reduced due to the growing use of transistors like metal-oxide-semiconductor field effect transistors (MOSFET) and field-effect transistors (FET). Along with releasing novel semiconductor materials to supplement silicon and germanium, manufacturers are also sponsoring several R&D programs to improve the performance characteristics of power transistors. Thus, the rising awareness about environment will aid in the expansion of the market in the coming years.
The integration of IoT technology in industries, such as manufacturing, logistics, agriculture, energy, and healthcare, is leading to enhanced automation, predictive maintenance, and improved operational efficiency. Urban areas are leveraging IoT to create smart city solutions that enhance transportation, energy management, waste management, public safety, and overall quality of life for residents. Similarly, in healthcare, IoT is being used for remote patient monitoring, wearable health devices, telemedicine, and improved healthcare delivery through data-driven insights. Moreover, IoT applications in agriculture, known as AgTech or Smart Agriculture, are enabling precision farming, crop monitoring, livestock tracking, and resource optimization. Therefore, the increasing use of IoT across various sectors is driving the growth of the market.
The intense competition in the electrical component sector puts pressure on manufacturers' prices. Customers frequently look for affordable options, which forces components to reduce production costs while preserving quality and performance. This reduction in price might reduce profit margins for smaller players. The switching frequency issue is another significant technical difficulty with this transistor. Above a frequency of 15 KHz, the power transistor cannot function properly. They will malfunction or break down when used at frequencies greater than 15 KHz. Additionally, this transistor is readily damaged by thermal runaway and has a shallow capacity for reverse blocking. The elements mentioned above are to blame for limiting the market expansion.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Based on type, the market is classified into bipolar junction transistor, field effect transistor, and heterojunction bipolar transistor. The bipolar junction transistor segment held the largest revenue share in the market in 2022. This growth is due to the bipolar junction transistor's ability to convert a small quantity of input current into a large amount of output current. Additionally, they are frequently used to improve signal and switch amplification. Bipolar junction transistors are utilized in industrial automation systems for a variety of purposes, including power management, motor control, and sensing.
On the basis of technology, the market is classified into low-voltage FETs, RF microwave power, high-voltage FETs, and IGBT transistor. The RF microwave power segment recorded a considerable revenue share in the market in 2022. The growth of the segment is owed to the expanding use of radio frequency and microwave equipment in many industries like the aerospace and defence. Solid-state semiconductors called RF and microwave power transistors are used to amplify RF and microwave signals. They are employed to generate strong signals for radar, communication, and other applications.
Based on the industry vertical, the market is classified into consumer electronics, IT & telecommunication, automotive, manufacturing, and others. The manufacturing segment in the market generated the highest revenue in 2022. The usage of power transistors meets the complex requirements of the avionics, radar, and communications systems. They can enhance the performance of transmitter amplifier systems in missile, space, ship, air, and ground environments.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 13.2 Billion |
| Market size forecast in 2030 | USD 20.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.6% from 2023 to 2030 |
| Number of Pages | 417 |
| Number of Table | 754 |
| Quantitative Data | Volume in Million Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Technology, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Asia Pacific, Europe, and LAMEA. The Asia Pacific region procured the highest revenue share in the market in 2022. It is because industrialized nations like South Korea, China, Japan, Taiwan, and Singapore have access to cutting-edge semiconductor and electronics manufacturing facilities as well as cutting-edge research and development facilities. Additionally, the increasing consumer base present in the region results in a higher demand for consumer electronics, automobile, manufacturing industries, etc.
Free Valuable Insights: Global Power Transistor Market size to reach USD 20.2 Billion by 2030
The market research report covers the analysis of key stakeholders 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 Geography(Volume, Million Units, USD Million, 2019-2030)
This Market size is expected to reach $20.2 billion by 2030.
Technological advances in the Internet of Things are driving the Market in coming years, however, Low durability and high price of transistor restraints the growth of the Market.
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
In the year 2022, the market attained a volume of 2,142.9 million units, experiencing a growth of 2.6% (2019-2022).
The Low-voltage FETs segment is generating the highest revenue in the Market by Technology in 2022; thereby, achieving a market value of $8.0 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.8 billion by 2030.
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