USD 400 million
Report ID:
SQMIG45N2038 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
61
|Figures:
75
Automotive Power MOSFET Drivers Market size was valued at USD 430 Million in 2023 and is poised to grow from USD 462.25 Million in 2024 to USD 824.42 Million by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
The global market is driven by the growing demand for high-performance and energy-efficient automotive systems, such as electric and hybrid vehicles, which require reliable and precise control of power electronics components. The market is anticipated to expand significantly in the upcoming years due to the rising popularity of driverless vehicles and advanced driver assistance systems (ADAS), both of which rely heavily on power electronics to function. Additionally, it is anticipated that the development of new technologies, such as wide-bandgap (WBG) semiconductors, would increase the demand for automotive power MOSFET drivers. Our analytical report states that the market in North America is being pushed by the rising popularity of electric vehicles and the rising need for cutting-edge safety features in automobiles. According to the report, the market in the APAC region is being driven by rising car production and sales in nations like China, Japan, and India as well as rising interest in electric and hybrid vehicles.
US Automotive Power MOSFET Drivers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 400 million
Largest Segment
High-Side Drivers
Fastest Growth
High-Side Drivers
Growth Rate
7.5% CAGR
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The Global Automotive Power MOSFET Drivers market is segmented by type, end-user, and region. Based on type, the market can be segmented into high-side drivers, and low-side drivers. Based on end-user, the market is segmented into powertrain, and safety. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Power MOSFET Drivers Market Analysis by Type
By type the market can be segmented into high-side drivers and low-side drivers. High-Side Drivers dominated the Automotive Power MOSFET Drivers market due to their ability to switch high voltages, making them ideal for use in various applications such as automotive lighting, power windows, and engine management systems. High-Side Drivers are used in the automotive industry to control the voltage of various components in the vehicle, such as power steering, braking, and suspension systems. They are widely used in electric and hybrid vehicles, where they play a critical role in the efficient operation of the vehicle's electrical system.
Low-Side Drivers are expected to be the fastest-growing segment of the Automotive Power MOSFET Drivers market due to their high efficiency and lower cost compared to high-side drivers. They are commonly used in various automotive applications, including interior lighting, HVAC systems, and infotainment systems. The increasing demand for electric and hybrid vehicles is driving the growth of Low-Side Drivers, as they are critical components of the vehicle's power electronics system. Moreover, the growing trend of electrification and automation in the automotive industry is further fueling the demand for Low-Side Drivers.
Automotive Power MOSFET Drivers Market Analysis by End-User
By end-user, the market can be segmented into powertrain and safety. Powertrain is the dominating segment in the Automotive Power MOSFET Drivers market due to its critical role in the efficient operation of the vehicle's engine and transmission system. Powertrain systems are essential for the overall performance of the vehicle, and the demand for more fuel-efficient and eco-friendly vehicles is driving the growth of the Powertrain segment. Power MOSFET Drivers are used in various applications in the Powertrain system, such as engine control, fuel injection, and transmission control, making it the largest end-user segment in the Automotive Power MOSFET Drivers market.
Safety is the fastest-growing segment in the Automotive Power MOSFET Drivers market due to the increasing demand for advanced safety features in vehicles, such as collision avoidance systems, lane departure warning systems, and adaptive cruise control. Power MOSFET Drivers are used in various safety applications in the vehicle, such as airbag control and electronic stability control, making them a critical component of the vehicle's safety system. Moreover, the increasing adoption of electric and hybrid vehicles, which require advanced safety systems, is further fueling the growth of the Safety segment.
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North America dominated the Automotive Power MOSFET Drivers market. The region is home to several leading players in the market and is witnessing increasing demand for energy-efficient and high-performance automotive systems, particularly in electric and hybrid vehicles.
In contrast, the Asia-Pacific (APAC) region is the fastest-growing market for Automotive Power MOSFET Drivers. The region is witnessing a significant increase in demand for electric and hybrid vehicles, driven by government initiatives and incentives to reduce carbon emissions. China and Japan are the dominating countries in the APAC market, with several leading players operating in the region. The market in APAC is expected to witness significant growth in the coming years, driven by the increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies.
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Automotive Power MOSFET Drivers Market Drivers
Increasing demand for energy-efficient and high-performance automotive systems
Automotive Power MOSFET Drivers Market Restraints
High cost associated with these devices
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The global Automotive Power MOSFET Drivers market is highly competitive, with a large number of players operating in the market. The market is characterized by intense competition, with players competing on the basis of product innovation, quality, and pricing. Companies are also focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their market presence and gain a competitive advantage. Moreover, players are investing heavily in research and development to introduce new and advanced Automotive Power MOSFET Drivers to cater to the growing demand from the automotive industry.
Automotive Power MOSFET Drivers Market Top Player’s Company Profiles
Automotive Power MOSFET Drivers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive Power MOSFET Drivers market analysis, the market is expected to grow significantly in the coming years, driven by the increasing demand for energy-efficient and high-performance automotive systems, particularly in electric and hybrid vehicles. The market is highly competitive and fragmented, with a large number of players operating in the market. Key players are focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their market presence and gain a competitive advantage. However, the high cost of these devices and the complexity of their design and implementation remain key challenges for the market. The adoption of wide-bandgap semiconductors is a key trend in the market that is expected to drive its growth in the coming years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 430 Million |
Market size value in 2032 | USD 824.42 Million |
Growth Rate | 7.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Power MOSFET Drivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Power MOSFET Drivers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Power MOSFET Drivers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45N2038
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