Power Semiconductor Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Power Semiconductor Market is segmented By Component (Power Integrated Circuits, Discrete, Module), By Material (Silicon/Germanium, Silicon Carbide, Gallium Nitride), By End-user Industry (Automotive Industry, Consumer Electronics Industry, Military and Aerospace Industry, IT and Telecommunication Industry, Industrial Industry, Other End-User Industries), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

Power Semiconductor Market is segmented By Component (Power Integrated Circuits, Discrete, Module), By Material (Silicon/Germanium, Silicon Carbide, G....

Power Semiconductor Market Size

Market Size in USD

CAGR4.5%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	4.5%
Market Concentration	Medium
Major Players	Infineon Technologies AG, Texas Instruments Inc., STMicroelectronics NV, Toshiba Corporation, Mitsubishi Electric Corporation

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Power Semiconductor Market Analysis

The power semiconductor market is estimated to be valued at USD 52.56 Bn in 2024 and is expected to reach USD 54.92 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Key drivers of the power semiconductor market include growing adoption of electric and hybrid vehicles coupled with increasing penetration of smart grids and smart homes.

Power Semiconductor Market Report Snapshots

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