Global Bipolar Junction Transistors (BJTs) Market

Bipolar Junction Transistors (BJTs) Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Automotive, Aerospace & Defense, Health Care), By Type(NPN Transistors, PNP Transistors, Heterojunction), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2250 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 77

Bipolar Junction Transistors (BJTs) Market News

  • In November 2022, A product development agreement was announced with a top ten global automaker by Ideal Power Inc., the business that was instrumental in the invention and marketing of the highly effective and extensively patented B-TRAN bidirectional semiconductor power switch. In accordance with the conditions of the contract, Ideal Power will work with this automaker's advanced technology research team to develop a special B-TRAN power module that will be used in the next-generation EV platform's drivetrain inverters for electric vehicles (EVs).
  • In August 2022, The United States Naval Sea Systems Command (NAVSEA) awarded Diversified Technologies, Inc. (DTI) a contract to create and test a high-efficiency 12kV medium voltage direct current (MVDC) circuit breaker that makes use of B-TRAN technology. Ideal Power Inc. announced the delivery of the first Bidirectional, Bipolar Junction Transistor (B-TRANTM) devices to DTI. Before delivering further devices for integration into a full-scale MVDC circuit breaker, these initial devices will be characterized and tested to help DTI's breaker design work.
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Bipolar Junction Transistors (BJTs) Market size was valued at USD 7.4 billion in 2021 and is poised to grow from USD 7.88 billion in 2022 to USD 12.25 billion by 2030, at a CAGR of 6.5% during the forecast period (2023-2030).

In addition to product innovation and partnerships, companies in the BJT market are also focusing on cost reduction and operational efficiency to stay competitive in the market. This includes efforts to improve manufacturing processes, reduce waste, and increase automation. 'NXP Semiconductors N.V. (Netherlands)', 'Texas Instruments Inc. (USA)', 'ON Semiconductor (USA)', 'STMicroelectronics (Switzerland)', 'Infineon Technologies AG (Germany)', 'Toshiba Corporation (Japan)', 'Renesas Electronics Corporation (Japan)', 'ROHM Semiconductor (Japan)', 'Fairchild Semiconductor International Inc. (USA)', 'Diodes Incorporated (USA)', 'Nexperia (Netherlands)', 'Vishay Intertechnology Inc. (USA)', 'Central Semiconductor Corp. (USA)', 'Microsemi Corporation (USA)', 'Fuji Electric Co., Ltd. (Japan)', 'NEC Corporation (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Hitachi, Ltd. (Japan)', 'Nihon Inter Electronics Corporation (Japan)', 'Advanced Semiconductor Engineering, Inc. (Taiwan)', 'Hong Kong X'tals Ltd. (Hong Kong)'

The BJTs are used in electric vehicles for various applications such as battery management, motor control, and charging systems. The growing adoption of electric vehicles is the increasing concern over the environmental impact of traditional gasoline-powered vehicles. Electric vehicles are considered to be a more sustainable and environmentally-friendly alternative, as they produce zero emissions during operation.

The aerospace and defence sector are a key consumer of BJTs, as they are used in various applications such as avionics, guidance systems, and power electronics. With the growing demand for military and commercial aircraft, there is a rising demand for BJTs in this sector.

Asia Pacific is expected to be the largest market for BJTs during the forecast period. The region has a large consumer electronics industry and a growing automotive industry. The increasing demand for smartphones, laptops, and other electronic devices, as well as the increasing adoption of electric vehicles, are driving the growth of the BJT market in this region.

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Global Bipolar Junction Transistors (BJTs) Market

Report ID: SQMIG20D2250

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