According to a new report, published by KBV research, 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 Field Effect Transistor segment is registering a CAGR of 6% during (2023 - 2030). Due to their ability to enhance heat deception in consumer electronics, the demand for field effect transistors has grown. The use of electronic devices like televisions, smartphones, electric cars, and other gadgets is expanding, which is favorable for the segment's growth. Additionally, field effect transistors are widely employed in integrated circuits (ICs) due to their small size.
The Low-voltage FETs segment is generating the highest revenue in the Global Power Transistor Market by Technology in 2022; thereby, achieving a market value of $8.0 billion by 2030. The low-voltage field-effect transistor (LVFET) is a power semiconductor device used in applications requiring low voltages and high currents. Consumer, automotive, and industrial electronics all frequently employ low-voltage field effect transistors. The demand for low-voltage field effect transistors is rising because of their reduced retail price.
The Automotive market would obtain a CAGR of 6.5% during (2023 - 2030). Demand for power transistors is expected to be driven mainly by the automotive industry during the forecast period. Due to rising consumer demand for electric cars, which also contributes to environmental concerns and the need for sustainable growth, electric vehicle manufacturing has increased.
The Asia Pacific region dominated the Global Power Transistor 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. The Europe market is poised to grow at a CAGR of 5.1% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 4.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/power-transistor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
Companies Profiled
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