Power Semiconductors Market Industry Analysis, Size, Trends, Segmentation and Forecast 2027

Market Research Future published a research report on "Power Semiconductors Market Research Report - Global Forecast till 2027" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

The global power semiconductors market is growing rapidly, witnessing the surging demand in military and space applications. Power semiconductors demonstrate considerable stability in the radiation environment, GaN devices, offering favorable characteristics to terahertz (THz) devices that benefit many space and military applications.

Besides, greater stability in radiation surroundings possessed by GaN semiconductors fosters power semiconductors' uses in the automotive and aerospace sectors. In the years to come, the power semiconductor market size is projected to further due to the rising usages of gallium nitride (GaN) semiconductor devices in different verticals, such as telecommunications, consumer electronics, and medical industries.

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In this regard, Market Research Future (MRFR) states that the global Power Semiconductors Market valuation is expected to escalate further by 2027, growing at an impressive CAGR during the assessment period (2020 – 2027). Power semiconductors play a causal role in vehicle speeds, power grids, solar power generation, with less power loss.

Advanced power semiconductors are produced with power-efficient wafers utilizing new materials, such as silicon carbide and gallium nitride. The development of energy-efficient power semiconductors is crucial for electric cars that need devices that can sustain heat and pressure. The efficient management of electricity is important to vitalize future growth engines, such as artificial intelligence, 5G networks, and autonomous driving.

Power semiconductors can handle high voltages and large currents without getting damaged. Therefore they are largely used in power conversion applications such as changing voltages & frequencies and changing DC to AC and AC to DC. Power conductors also help to provide a stable source of electricity to various home appliances and electrical equipment.

Competitive Landscape:

Texas Instruments Inc. (U.S.), Infineon Technologies AG (Germany), NXP Semiconductor (Netherlands), Toshiba Corporation (Japan), ST Microelectronics (Switzerland), Qualcomm Inc.(U.S.), Broadcom Limited (U.S.), Fairchild Semiconductor (U.S.), Renesas electronic corporation (Japan), and Mitsubishi Electric Corporation (Japan) are companies impacting the power semiconductor market. Strategies that these power semiconductor companies are implementing have a constructive and long-lasting impact on the market, which MRFR analysts are trying to decode to understand the market flow.

Segmentation:

MRFR’s report on the global power semiconductors market has been segmented into materials, components, and applications. These segments unravel possibilities that players can explore to make sure their tactical measures help them stay on course.

By components, the review of the power semiconductors market can be segmented into switching devices, diodes, thyristor, power MOSFETs, power integrated circuits, and rectifiers.

By materials, the report focuses on segments of the power semiconductor market comprising, Gallium Arsenide, Silicon carbide (Sic), Gallium nitride (GaN), Silicon and Silicon germanium.

By end user, the study of the power semiconductors market includes data from industries like consumer electronics, industrial (inverters, wind/solar power generation). military & aerospace, and automotive. Burgeoning automotive sector in developing countries is offering better growth margins. The hike in the investment for the defense sector to influence the outcome of the power semiconductors market.

Regional Analysis:

Asia Pacific has the scope to lead the market and it will back its progress with a superlative infrastructure for electronic devices and inclusion of innovative technologies. Telecommunication and medical support can make sure the market gains better support.

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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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