Report ID: SQMIG45N2038
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.
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Report ID: SQMIG45N2038