Automotive Intelligent Power Device Market

Automotive Intelligent Power Device Market Outlook (2024 to 2034)

A new research study compiled by skilled analysts at Fact.MR places the global automotive intelligent power device market at a value of US$ 1.71 billion in 2024. The market is projected to ascend to US$ 6.65 billion by the end of 2034, expanding at 14.5% CAGR between 2024 and 2034.

Automotive intelligent power devices (IPDs) help regulate and control electricity distribution within vehicles. They integrate power switching, protective features, diagnostics, and communication capabilities in a single semiconductor device. IPDs offer greater efficiency, safety, and dependability over conventional fuses and relays. These intelligent parts can detect defects, monitor temperature, voltage, and current, and offer real-time diagnostics.

The automotive intelligent power device market size is expanding at a moderate pace as their utilization is increasing different car systems such as engine management, lighting, and body control modules. Intelligent power devices facilitate the growing electrification and sophistication of contemporary automotive electrical systems while also assisting in the reduction of wiring complexity and vehicle weight.

Key Market Growth Drivers

• Growing adoption of electric and hybrid vehicles is boosting demand for automotive intelligent power devices.
• Increasing integration of advanced driver-assistance systems or features, which is popularly known as ADAS, is creating lucrative opportunities for automotive intelligent power device market growth.
• Demand for intelligent power devices increasing in automotive as they help to enhance vehicles' power efficiency by optimizing energy consumption and decreasing power losses, which is primarily important for electric vehicles.
• Another key market driver is increasingly strict regulations regarding emissions in several countries, which is also pushing key players to use technologies that enhance the performance and efficiency of vehicles.
• Ongoing technical improvements in semiconductors such as enhancements in packaging techniques and power semiconductor materials are driving market expansion as these are helping to improve the performance and reliability of automotive intelligent power devices.
• Regenerative braking systems, which recover energy and increase overall vehicle efficiency, are also supported by intelligent power devices. Moreover, they are essential to battery management systems, which guarantee the lifetime and best possible performance of the vehicle's power supply.
• A key automotive intelligent power device market trend is the emergence of autonomous vehicles, which requires advanced electronic control systems.

Report Attribute	Detail
Automotive Intelligent Power Device Market Size (2024E)	US$ 1.71 Billion
Forecasted Market Value (2034F)	US$ 6.65 Billion
Global Market Growth Rate (2024 to 2034)	14.5% CAGR
East Asia Market Share (2024E)	32.5%
North America Market Growth Rate (2024 to 2034)	15.1% CAGR
Automotive Power MOSFETs Segment Value (2034F)	US$ 3.49 Billion
Electric/Hybrid Vehicles Segment Value (2034F)	US$ 4.92 Billion
Key Companies Profiled	STMicroelectronics; NXP Semiconductors; Nexperia; Fuji Electric; Renesas Electronics Corporation; ROHM Co., Ltd.; Hitachi Semiconductors; Renesas Electronics Corporation; Ideal Power Inc.; Onsemi.

Why is Importance of Automotive Intelligent Power Devices Higher Than Ever?

“Increasing Sales of Electric and Hybrid Electric Vehicles”

People around the world are moving toward electric and hybrid electric vehicles, which is contributing to the increasing demand for automotive intelligent power devices. Automotive intelligent power tools are in charge of making sure that power in electric power trains is distributed correctly to ensure efficient use of energy and better vehicle performance. Intelligent power devices, essential for enhancing the performance of energy solutions, significantly contribute to the operation of power systems used in electric vehicles.

Importance of intelligent power devices is increasing in the automotive industry as they help regulate voltage and current, reducing losses involved in battery charging, as well as safeguarding against electrical faults.

What is a Concern for Automotive Intelligent Power Device Manufacturers?

“High Cost and Complexity of Intelligent Power Device Production”

Designing and manufacturing of automotive intelligent power devices are costly as they require advanced materials, complex production processes, and strict quality control measures to ensure performance and reliability. These are the factors that affect the cost of production leading to the products becoming more expensive.

Development of intelligent devices with many additional costs is the reason behind a hike in the final selling price in the market. The expensive nature of the devices is a key factor that is adding to manufacturers’ concerns. Therefore, there is a growing sense that the broad application of intelligent power devices in the automotive industry is being hindered by high costs.

Country-wise Insights

The East Asia region is projected to hold a leading position globally with a 32.5% automotive intelligent power device market share in 2024. The supply chain and manufacturing infrastructure for semiconductor components, which are necessary for intelligent power devices, are well-established in East Asia. Innovation and large-scale production in the automotive industry are supported by this strong infrastructure.

What is Driving Automotive Intelligent Power Devices Sales in the United States?

“High Demand for Vehicles with Advanced Features”

Attribute	United States
Market Value (2024E)	US$ 318.1 Million
Growth Rate (2024 to 2034)	15.6% CAGR
Projected Value (2034F)	US$ 1.36 Billion

Vehicles that come with advanced features such as better connectivity, infotainment, and safety are in high demand by consumers in the United States. These latest technologies require reliable power management to function more efficiently.

Increasing demand for advanced features in vehicles among customers is boosting the use of automotive intelligent power devices as they play an extremely important role in the efficient operation of several electronic components. These devices let automakers combine advanced technologies that match consumer expectations for a connected, safe, and high-tech driving experience by controlling power consumption and guarding against electrical problems.

Why are Automotive Intelligent Power Device Manufacturers Thriving Japan?

“Rapid Innovations in ADAS and Infotainment Systems”

Attribute	Japan
Market Value (2024E)	US$ 128.4 Million
Growth Rate (2024 to 2034)	15.7% CAGR
Projected Value (2034F)	US$ 553.8 Million

The strong reputation of Japan in terms of innovation in technologies in various industries including the automotive is what attracts automotive intelligent power device manufacturers' attention. Continuous innovation in the field of advanced driver assistance systems, autonomous driving, and infotainment systems are driving up sales of automotive intelligent power devices. These latest trending technologies need the use of power management to function safely and seamlessly.

Automotive power devices are the ones that control the power requisites of hi-tech systems and offer protection against current failures. As vehicle manufacturers are focusing on integrating the latest technologies the demand for automotive intelligent power devices will continuously rise in Japan.

Category-wise Insights

Based on application, the market is segmented into body control units, powertrains, lighting, HVAC systems, fuel injection, on-board charging, battery management systems, motor drives, electric power steering, electric braking systems, infotainment systems, and airbag systems. The body control units segment is estimated to hold a significant revenue share throughout the projection period due to rising demand for advanced comfort, safety, and convenience features in vehicles.

Why is Deployment of Automotive IGBTs Increasing at a Notable Rate?

“Benefits of Reduced Energy Losses and Effective Power Control”

Attribute	Automotive IGBTs
Segment Value (2024E)	US$ 785 Million
Growth Rate (2024 to 2034)	16% CAGR
Projected Value (2034F)	US$ 3.17 Billion

Automotive IGBTs are becoming important in electric and hybrid vehicles for effectively controlling high power levels, which makes it possible for the powertrains of these cars to switch and regulate electric currents. They are essential for converting and controlling battery power to the electric motor, which guarantees peak performance and energy economy.

IGBTs also contribute to lowering energy losses and enhancing the general dependability and durability of the electrical systems in cars. IGBTs are in great demand due to the growing requirement for reliable and effective power management solutions as the market for electric and hybrid cars grows.

Why are Automotive Intelligent Power Devices Extremely Important in Electric/Hybrid Vehicles?

“Role of Intelligent Power Devices in Controlling High-Voltage Systems”

Attribute	Electric/Hybrid Vehicles
Segment Value (2024E)	US$ 1.25 Billion
Growth Rate (2024 to 2034)	14% CAGR
Projected Value (2034F)	US$ 4.92 Billion

The role of automotive intelligent power devices is very crucial in electric and hybrid vehicles for distribution and power management. For this reason, this segment is projected to hold 72.9% market share in 2024. Automotive intelligent power devices such as IGBTs and power MOSFETs are extremely important for controlling high current and high-voltage systems in electric powertrains. They provide effective energy conversion, regulate power flow between batteries and other vehicle components, and allow precise control of electric motors.

Increasing sophistication and performance demands of electric and hybrid vehicles have led to a growing demand for advanced power management systems, which in turn is boosting the demand for automotive intelligent power devices.

Competitive Landscape

Key players in the automotive intelligent power device industry offer a wide range of parts that can be used in various vehicle models. These businesses want to be ready for future technological advancements such as connected cars, so they are keeping an eye on them.

• In October 2023, the inventor of the B-TRAN bidirectional semiconductor power switch, Ideal Power, introduced the SymCool IQ Intelligent Power Module, its second commercial offering. The integrated intelligent driver that is designed for bidirectional operation is added to the bidirectional B-TRAN multi-die packaging design of the SymCool power module in SymCool IQ.
• In October 2023, the most recent generation of 1200 V EliteSiC silicon carbide (SiC) M3S devices, which allow power electronics designers to achieve best-in-class efficiency and decrease system cost, was released by Onsemi, a leader in intelligent power and sensing technology. To support the increasing number of 800 V electric vehicle (EV) on-board chargers (OBC) and energy infrastructure applications, such as EV charging, solar power, and energy storage systems, the new portfolio comprises EliteSiC MOSFETs and modules.
• In February 2023, Renesas Electronics, a Japanese semiconductor company, unveiled a novel automotive Intelligent Power Device (IPD) designed to regulate power distribution within automobiles flexibly and safely. The new RAJ2810024H12HPD, housed in a compact TO-252-7 package, requires approximately 40% less mounting area compared to the standard TO-263 package product.

Fact.MR provides detailed information about the price points of key providers of automotive intelligent power devices positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Automotive Intelligent Power Device Market Research

• By Product :

  • Automotive IGBTs
    • Automotive IGBT Modules
    • Automotive IGBT Discrete
  • Automotive Power MOSFETs
    • Automotive N-Channel MOSFETs
    • Automotive P-Channel MOSFETs
    • Automotive N&P-Channel MOSFETs

• By Vehicle Type :

  • ICE-Based Vehicles
    • Passenger Cars
    • Commercial Vehicles
  • Electric/Hybrid Vehicles
    • Electric Passenger Cars
    • Electric Commercial Vehicles

• By Application :

  • Body Control Units (BCUs)
  • Powertrains
  • Lighting
  • HVAC Systems
  • Fuel Injection
  • On-board Charging
  • Battery Management Systems
  • Motor Drives
  • Electric Power Steering
  • Electric Braking Systems
  • Infotainment Systems
  • Airbag Systems

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa