Power Transistors Market

Global Power Transistors Market Size (2023 to 2028)

The global power transistor market size is expected to be worth USD 16.371 Billion in 2023. It is expected to grow at a CAGR of 4.05% during the forecast period and reach a value of USD 19.97 Billion by 2028.

Electronic components used as switches and amplifiers for high-power applications are called power transistors. Three semiconductor terminals, namely base, emitter, and collector, are present in them to act as an insulator or conductors. These semiconductors are available in different powers and switching speed rates with either NPN or PNP polarity. In electronic products, the assistance in improving the switching efficiency and increase in the power efficiency makes the increase in the adoption of the power transistors in the world. Avoiding overheating, lowering CO2 emissions, and lowering electric costs are advantages make the quick adoption of power transistors in the electronic products sector. It has applications in some other sectors, such as telecommunication and automotive. When compared to small transistors, these power transistors are used to carry more power.

MARKET DRIVERS:

The rising demand for connected devices acts as a major driver to the growth of the global power transistors market. The quick dissipation of heat, no overheating, reduced electricity cost, and lower carbon emissions are aiding the power transistors market growth as these factors play a crucial role in electronic goods. An increase in awareness about the advantages of power transistors drives the market. The benefits of the power transistors application in various industries are switching capacity, durability, and other factors that would help the power transistors market growth flourish. The rise in the demand for performance-efficient electronic devices creates a huge demand for semiconductors, which in turn acts as a driver for the increasing sales of power transistors.

Various opportunities are created with the rapid advancement in technology and the rise in the adoption of the Internet of Things (IoT) that can lead to a power transistors market growth during the forecast period. In addition, the increased focus on research and development activities by the manufacturers to enhance the performance of the power transistors and increased investments in R&D can pave the way for opportunities for market expansion in the long run. In addition to silicon and germanium, the development of novel semiconductors will be a driving factor for more product adoption. With the rise in population, the demand for more power-efficient electronic gadgets is increasing. Key advantages of power transistors are prevention of overheating, less carbon dioxide emissions, and lowering the cost of power, which would increase product adoption with the growing demand for electronic devices. In the coming years, the growing demand for silicon carbide (SiC) and gallium nitride (GaN) transistors will spur global market growth.

MARKET RESTRAINTS:

The operational restrictions of power transistors are one of the notable growth-hailing factors in the global market. The limitations during the forecast period include temperature sensitivity, operating switching frequency, and reversal blocking capacity. These limitations restrict the long-term growth of the power transistors market. Additionally, the fewer aftermarket sales and poor load-bearing capacity of the power transistors can be challenging factors for the growth of the market.

Impact of COVID-19 on the power transistors market:

The COVID-19 pandemic has had a significant impact on the power transistors market. To mitigate the effects of COVID-19, several nations’ governments have imposed lockdowns. This has an impact on people's lives and several markets worldwide, including the power transistors market. The supply chain has been disrupted, temporary stoppage of the operational activities of the industries, and delays in the projects are some of the significant impacts during the pandemic period.

REPORT COVERAGE:

This research report on the global power transistors market has been segmented and sub-segmented based on product, type, end-user and region.

Power Transistors Market – By Product:

• Low-Voltage FETs
• IGBT Modules
• RF and Microwave Transistors
• High Voltage FETs
• GBT Transistors

The low-voltage FET segment is projected to lead the power transistors market during the forecast period owing to the growing demand for these products. The major applications of low-voltage FETs are in consumer electronics such as laptops, tablets and cell phones. The growing global demand for laptops, tablets and cell phones is resulting in the demand for low-voltage FET products and is propelling segmental growth. The low cost of the product as compared to other products makes it part of various applications.

The RF and microwave transistors segment is anticipated to register healthy growth during the forecast period. The growing demand for wireless devices and increasing budgets of militaries are raising the demand for RF and microwave power products and driving the growth of the RF and microwave transistors segment in the global market.

Power Transistors Market – By Type:

• Bipolar Junction Transistor
• Field Effect Transistor
• Hetero junction Bipolar Transistor

The bipolar junction transistors segment is anticipated to have rapid growth in the global power transistors market during the forecast period owing to the rise in the demand for electronic devices across the world. Producing a large level of output current from a small level of input voltage is the major application of the bipolar junction transistor. Better amplification of signals and switches is the additional feature of the bipolar junction transistor.

Power Transistors Market – By End User:

• Consumer Electronics
• Communication and Technology
• Automotive
• Manufacturing
• Energy
• Power

The consumer electronics segment is expected to have significant growth in the global power transistors market during the forecast period. The growing demand for consumer electronic devices such as earphones, laptops, and wearables is driving the demand for power transistors in the consumer electronics segment. The advent of 5G technology increased the need for devices supporting the 5G. These increase the requirement for semiconductors, in turn increasing the demand for power transistors.

Power Transistors Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East 
• Africa

The Asia-Pacific region is expected to witness the highest CAGR in the global power transistors market during the forecast period. The presence and focus of major market participants such as Toshiba Corporation and Mitsubishi Electric Corporation, in the Asia-Pacific market is driving the regional market growth. The major share of the APAC market is accounted by countries such as China, Japan, Taiwan, and South Korea in 2022. The rise in investments in the automotive sector and 5G technology drives the market in the region. The power transistors market growth is fostered by the increase in electronic equipment manufacturing in the region. In addition, China is one of the top nations in the world in having the largest consumer electronics sector. This paves the way for market growth opportunities with the increased adoption of semiconductors in consumer electronics.

KEY MARKET PLAYERS:

Fairchild Semiconductor International Inc., Champion Microelectronics Corp, Renesas Electronics Corporation, Infineon Technologies AG, Texas Instruments Inc., NXP Semiconductors N.V., STMicroelectronics N.V., Mitsubishi Electric Corporation, Linear Integrated Systems Inc. and Toshiba Corporation are some of the prominent players in the global power transistors market.

RECENT HAPPENINGS IN THE MARKET:

• In 2022, EPC2050 was a new product launch announced by the EPC. Its features include the 350 V GaN with the maximum RDS and a 26A pulsed output current. It is small and occupies ten times less space than silicon solutions. The new product has applications in medical motors as it can control 120-150 V motors, and in the aerospace industry, it can do DC-DC conversions from/to 120-160 V.
• In 2022, TDK, a group of companies, is expanding its AC-DC GaN-based PFH500F product line. PFH500F-12 and PFH500F-48 are included in the product line of TDK’s 500-watt AC-DC power supplies.
• In 2021, a broad range of new devices will be introduced to RF LDMOS Power transistors of the STPOWER family by STMicroelectronics. For the application in industrial and commercial applications, these transistors are three product series to optimize the RF power amplifiers.