Table of Content

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 INTELLIGENT POWER MODULE MARKET: SEGMENTATION 30
1.3.2 GEOGRAPHIC SCOPE 31
1.3.3 YEARS CONSIDERED 31
1.4 CURRENCY 31
1.5 STAKEHOLDERS 32
1.6 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 INTELLIGENT POWER MODULE MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Breakdown of primaries 35
2.1.2.2 Key data from primary sources 36
2.1.2.3 Key industry insights 36
2.2 MARKET SIZE ESTIMATION 37
2.2.1 TOP-DOWN APPROACH 37
2.2.1.1 Approach for estimating market size by top-down analysis
(supply side) 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1?SUPPLY SIDE 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2?SUPPLY SIDE 38
2.2.2 BOTTOM-UP APPROACH 39
2.2.2.1 Approach for estimating market size by bottom-up analysis
(demand side) 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 5 DATA TRIANGULATION 40
2.4 LIMITATIONS 41
2.5 RESEARCH ASSUMPTIONS 41
TABLE 1 ASSUMPTIONS 41
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3 EXECUTIVE SUMMARY 42
3.1 INTELLIGENT POWER MODULE MARKET: SCENARIO ANALYSIS 42
FIGURE 6 INTELLIGENT POWER MODULE MARKET: OPTIMISTIC, REALISTIC, PESSIMISTIC, AND POST-COVID-19 SCENARIO ANALYSIS (2018–2027) 42
3.2 INTELLIGENT POWER MODULE MARKET: REALISTIC SCENARIO 43
TABLE 2 REALISTIC SCENARIO (POST-COVID-19): INTELLIGENT POWER MODULE MARKET, 2022–2027 (USD MILLION) 43
3.3 INTELLIGENT POWER MODULE MARKET: OPTIMISTIC SCENARIO 44
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): INTELLIGENT POWER MODULE MARKET, 2022–2027 (USD MILLION) 44
3.4 INTELLIGENT POWER MODULE MARKET: PESSIMISTIC SCENARIO 44
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): INTELLIGENT POWER MODULE MARKET, 2022–2027 (USD MILLION) 44
FIGURE 7 UP TO 100 A SEGMENT TO HOLD LARGEST SHARE OF INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING, IN 2022 45
FIGURE 8 IGBT SEGMENT TO HOLD LARGER SHARE OF INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE, IN 2022 45
FIGURE 9 6-PACK SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION, IN 2022 46
FIGURE 10 CONSUMER ELECTRONICS TO BE FASTEST-GROWING VERTICAL IN INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 46
FIGURE 11 ASIA PACIFIC HELD LARGEST SHARE OF INTELLIGENT POWER MODULE MARKET IN 2021 47
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INTELLIGENT POWER MODULE MARKET 49
FIGURE 12 INCREASING DEMAND FOR INTELLIGENT POWER MODULES IN CONSUMER ELECTRONICS AND INDUSTRIAL VERTICALS TO DRIVE MARKET GROWTH 49
4.2 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING 49
FIGURE 13 UP TO 600 V SEGMENT TO HOLD LARGEST MARKET SHARE BY 2027 49
4.3 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE 50
FIGURE 14 IGBT SEGMENT TO HOLD LARGER MARKET SHARE IN 2022 50
4.4 INTELLIGENT POWER MODULE MARKET, BY VERTICAL 50
FIGURE 15 INDUSTRIAL VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE
DURING 2022–2027 50
4.5 INTELLIGENT POWER MODULE MARKET, BY COUNTRY 51
FIGURE 16 CHINA INTELLIGENT POWER MODULE MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
FIGURE 17 INTELLIGENT POWER MODULE MARKET: MARKET DYNAMICS 53
5.2.1 DRIVERS 53
5.2.1.1 Rising focus of governments on generating power using
renewable sources 53
5.2.1.2 Surging global electric vehicle demand 54
5.2.1.3 Growing need for improving system reliability and performance 55
5.2.1.4 Compact design and high energy efficiency features of intelligent power modules (IPMs) 55
FIGURE 18 IMPACT ANALYSIS OF DRIVERS 56
5.2.2 RESTRAINTS 56
5.2.2.1 Slow adoption of novel technologies and complex design of intelligent power modules (IPMs) 56
FIGURE 19 IMPACT ANALYSIS OF RESTRAINTS 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Growing demand for intelligent power modules (IPMs) in consumer electronics industry 57
5.2.3.2 Growing adoption of GaN and SiC materials in automobile and power semiconductor applications 57
FIGURE 20 IMPACT ANALYSIS OF OPPORTUNITIES 58
5.2.4 CHALLENGES 58
5.2.4.1 Designing and operational challenges related to next-generation intelligent power modules (IPMs) 58
5.2.4.2 Supply chain disruptions and semiconductor shortage
owing to COVID-19 59
FIGURE 21 IMPACT ANALYSIS OF CHALLENGES 59
5.3 VALUE CHAIN ANALYSIS 59
FIGURE 22 VALUE CHAIN ANALYSIS: INTELLIGENT POWER MODULE MARKET 59
5.3.1 R&D ENGINEERS 60
5.3.2 MANUFACTURERS 60
5.3.3 DISTRIBUTORS 60
5.3.4 END-USER INDUSTRIES 60
5.4 ECOSYSTEM: POWER ELECTRONICS 61
FIGURE 23 POWER ELECTRONICS ECOSYSTEM 61
5.5 PRICING ANALYSIS 61
TABLE 5 INDICATIVE PRICES OF INTELLIGENT POWER MODULES 62
5.6 TECHNOLOGY ANALYSIS 62
5.7 CASE STUDY ANALYSIS 63
5.7.1 INFINEON TECHNOLOGIES: HOME APPLIANCES CASE STUDY 63
5.7.1.1 Use of Infineon’s IPMs in home appliances 63
5.7.2 MITSUBISHI ELECTRIC: HOME APPLIANCES CASE STUDY 63
5.7.2.1 Use of Mitsubishi Electric’s IPMs in home appliances 63
5.7.3 MITSUBISHI ELECTRIC: RENEWABLE ENERGY CASE STUDY 64
5.7.3.1 Use of Mitsubishi Electric’s IPMs in renewable energy 64
5.7.4 ON SEMICONDUCTOR: 3-PHASE INVERTER CASE STUDY 64
5.7.4.1 Use of ON Semiconductor’s IPMs in 3-phase inverters 64
5.7.5 ON SEMICONDUCTOR: NIO INC CASE STUDY 64
5.7.5.1 Use of ON Semiconductor’s IPMs in NIO Inc’s next-generation EVs 64
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5.7.6 INFINEON TECHNOLOGIES: SHOWA DENKO K.K. CASE STUDY 64
5.7.6.1 Use of Infineon Technologies’ SiC-based modules for EVs 64
5.8 TRADE ANALYSIS 65
5.8.1 IMPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS 65
FIGURE 24 IMPORT DATA FOR HS CODE 8542, BY COUNTRY,
2017–2021 (BILLION UNITS) 65
TABLE 6 IMPORT DATA FOR HS CODE 8542, BY COUNTRY,
2017–2021 (BILLION UNITS) 65
5.8.2 EXPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS 66
FIGURE 25 EXPORT DATA FOR HS CODE 8542, BY COUNTRY,
2017–2021 (BILLION UNITS) 66
TABLE 7 EXPORT DATA FOR HS CODE 8542, BY COUNTRY,
2017–2021 (BILLION UNITS) 66
5.9 PATENT ANALYSIS 67
TABLE 8 KEY PATENTS REGISTERED, 2003–2022 67
5.10 REGULATORY LANDSCAPE 69
TABLE 9 KEY REGULATIONS APPLICABLE TO PLAYERS IN IPM MARKET 69
6 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING 70
6.1 INTRODUCTION 71
FIGURE 26 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING 71
FIGURE 27 UP TO 100 A SEGMENT TO LEAD INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 71
TABLE 10 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING,
2018–2021 (USD MILLION) 72
TABLE 11 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING,
2022–2027 (USD MILLION) 72
6.2 UP TO 100 A 72
6.2.1 GROWING USE OF INTELLIGENT POWER MODULES WITH CURRENT RATINGS UP TO 100 A IN CONSUMER ELECTRONICS VERTICAL 72
6.3 101–600 A 73
6.3.1 RISING APPLICATIONS OF INTELLIGENT POWER MODULES WITH 101–600 A CURRENT RATINGS IN INDUSTRIAL VERTICAL 73
6.4 ABOVE 600 A 73
6.4.1 HIGH PREFERENCE FOR ABOVE 600 A INTELLIGENT POWER MODULES IN HEAVY-DUTY INDUSTRIAL APPLICATIONS 73
7 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING 74
7.1 INTRODUCTION 75
FIGURE 28 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING 75
FIGURE 29 UP TO 600 V SEGMENT TO DOMINATE INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 75
TABLE 12 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING,
2018–2021 (USD MILLION) 76
TABLE 13 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING,
2022–2027 (USD MILLION) 76
7.2 UP TO 600 V 76
7.2.1 HIGH USE OF INTELLIGENT POWER MODULES HAVING UP TO 600 V IN CONSUMER ELECTRONICS 76
7.3 601–1,200 V 77
7.3.1 RISING ADOPTION OF 601-1,200 V INTELLIGENT POWER MODULES IN INDUSTRIAL APPLICATIONS 77
7.4 ABOVE 1,200 V 77
7.4.1 INCREASING PREFERENCE FOR ABOVE 1,200 V INTELLIGENT POWER MODULES IN INDUSTRIAL VERTICAL 77
8 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION 78
8.1 INTRODUCTION 79
FIGURE 30 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION 79
FIGURE 31 6-PACK CIRCUIT CONFIGURATION SEGMENT TO LEAD INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 80
TABLE 14 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION,
2018–2021 (USD MILLION) 80
TABLE 15 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION,
2022–2027 (USD MILLION) 80
8.2 6-PACK 81
8.2.1 HIGH ADOPTION OF 6-PACK INTELLIGENT POWER MODULES IN CONSUMER ELECTRONICS AND LIGHT-DUTY INDUSTRIAL APPLICATIONS 81
8.3 7-PACK 81
8.3.1 RISING PREFERENCE FOR 7-PACK INTELLIGENT POWER MODULES IN HEAVY-DUTY INDUSTRIAL APPLICATIONS 81
8.4 OTHERS 81
9 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE 82
9.1 INTRODUCTION 83
FIGURE 32 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE 83
FIGURE 33 IGBT SEGMENT TO DOMINATE INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 84
TABLE 16 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE,
2018–2021 (USD MILLION) 84
TABLE 17 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE,
2022–2027 (USD MILLION) 84
9.2 IGBT 85
9.2.1 IGBT SEGMENT TO HOLD LARGER MARKET SHARE DURING REVIEW PERIOD 85
9.3 MOSFET 85
9.3.1 RISING DEMAND FOR MOSFET-BASED IPMS TO INCREASE ENERGY EFFICIENCY OF SYSTEMS TO DRIVE MARKET GROWTH 85
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10 INTELLIGENT POWER MODULE MARKET, BY VERTICAL 86
10.1 INTRODUCTION 87
FIGURE 34 INTELLIGENT POWER MODULE MARKET, BY VERTICAL 87
FIGURE 35 INDUSTRIAL VERTICAL TO ACCOUNT FOR LARGEST SHARE OF INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD 88
TABLE 18 INTELLIGENT POWER MODULE MARKET, BY VERTICAL,
2018–2021 (USD MILLION) 88
TABLE 19 INTELLIGENT POWER MODULE MARKET, BY VERTICAL,
2022–2027 (USD MILLION) 88
10.2 CONSUMER ELECTRONICS 89
10.2.1 GROWING ADOPTION OF CONSUMER ELECTRONICS TO
PROPEL MARKET GROWTH 89
TABLE 20 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 90
TABLE 21 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 90
TABLE 22 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 23 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 24 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 25 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 26 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 92
TABLE 27 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 92
TABLE 28 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 29 INTELLIGENT POWER MODULE MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2022–2027 (USD MILLION) 93
10.3 ICT 93
10.3.1 RISING DEMAND FOR ADVANCED POWER DEVICES TO BOOST MARKET GROWTH DURING FORECAST PERIOD 93
TABLE 30 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 94
TABLE 31 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 94
TABLE 32 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN
NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 33 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN
NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 34 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN EUROPE,
BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 35 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN EUROPE,
BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 36 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 96
TABLE 37 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 38 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN ROW,
BY REGION, 2018–2021 (USD MILLION) 96
TABLE 39 INTELLIGENT POWER MODULE MARKET FOR ICT VERTICAL IN ROW,
BY REGION, 2022–2027 (USD MILLION) 97
10.4 INDUSTRIAL 97
10.4.1 INCREASED USAGE OF INTELLIGENT POWER MODULES IN RENEWABLE POWER SOURCES TO FUEL MARKET GROWTH 97
TABLE 40 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 98
TABLE 41 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 98
TABLE 42 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 98
TABLE 43 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 99
TABLE 44 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 99
TABLE 45 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 99
TABLE 46 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 47 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 48 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2018–2021 (USD MILLION) 100
TABLE 49 INTELLIGENT POWER MODULE MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2022–2027 (USD MILLION) 101
10.5 AUTOMOTIVE 101
10.5.1 SURGING ADOPTION OF EVS, HEVS, AND BEVS TO DRIVE MARKET GROWTH 101
TABLE 50 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 101
TABLE 51 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 102
TABLE 52 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 102
TABLE 53 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 102
TABLE 54 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 103
TABLE 55 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 103
TABLE 56 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 103
TABLE 57 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 104
TABLE 58 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 59 INTELLIGENT POWER MODULE MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2022–2027 (USD MILLION) 104
10.6 AEROSPACE 105
10.6.1 INCREASED DEMAND FOR ADVANCED MISSION-CRITICAL COMPONENTS IN AEROSPACE VERTICAL TO FUEL MARKET GROWTH 105
TABLE 60 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 105
TABLE 61 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 105
TABLE 62 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 63 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 64 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 65 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 66 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 107
TABLE 67 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 68 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE VERTICAL IN ROW, BY REGION, 2018–2021 (USD MILLION) 108
TABLE 69 INTELLIGENT POWER MODULE MARKET FOR AEROSPACE IN ROW,
BY REGION, 2022–2027 (USD MILLION) 108
10.7 OTHERS 108
TABLE 70 INTELLIGENT POWER MODULE MARKET FOR OTHERS, BY REGION,
2018–2021 (USD MILLION) 108
TABLE 71 INTELLIGENT POWER MODULE MARKET FOR OTHERS, BY REGION,
2022–2027 (USD MILLION) 109
TABLE 72 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN NORTH AMERICA,
BY COUNTRY, 2018–2021 (USD MILLION) 109
TABLE 73 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN NORTH AMERICA,
BY COUNTRY, 2022–2027 (USD MILLION) 109
TABLE 74 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN EUROPE,
BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 75 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN EUROPE,
BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 76 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN ASIA PACIFIC,
BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 77 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN ASIA PACIFIC,
BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 78 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN ROW, BY REGION, 2018–2021 (USD MILLION) 111
TABLE 79 INTELLIGENT POWER MODULE MARKET FOR OTHERS IN ROW, BY REGION, 2022–2027 (USD MILLION) 111
11 GEOGRAPHIC ANALYSIS 112
11.1 INTRODUCTION 113
FIGURE 36 GEOGRAPHIC SNAPSHOT (2022–2027): CHINA TO BE FASTEST-GROWING MARKET FOR INTELLIGENT POWER MODULES 113
TABLE 80 INTELLIGENT POWER MODULE MARKET, BY REGION,
2018–2021 (USD MILLION) 113
TABLE 81 INTELLIGENT POWER MODULE MARKET, BY REGION,
2022–2027 (USD MILLION) 114
11.2 NORTH AMERICA 114
FIGURE 37 INTELLIGENT POWER MODULE MARKET: NORTH AMERICA SNAPSHOT 115
TABLE 82 INTELLIGENT POWER MODULE MARKET IN NORTH AMERICA, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 83 INTELLIGENT POWER MODULE MARKET IN NORTH AMERICA, BY VERTICAL, 2022–2027 (USD MILLION) 116
TABLE 84 INTELLIGENT POWER MODULE MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 85 INTELLIGENT POWER MODULE MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 116
11.2.1 US 117
11.2.1.1 Rising penetration of power semiconductors in automotive and industrial verticals to boost market growth 117
11.2.2 CANADA 117
11.2.2.1 Expanding automotive industry in Canada to spur market growth 117
11.2.3 MEXICO 117
11.2.3.1 Large manufacturing base and growing aerospace vertical to provide growth opportunities for market players in Mexico 117
11.3 EUROPE 118
FIGURE 38 INTELLIGENT POWER MODULE MARKET: EUROPE SNAPSHOT 118
TABLE 86 INTELLIGENT POWER MODULE MARKET IN EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 119
TABLE 87 INTELLIGENT POWER MODULE MARKET IN EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 119
TABLE 88 INTELLIGENT POWER MODULE MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 119
TABLE 89 INTELLIGENT POWER MODULE MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 120
11.3.1 GERMANY 120
11.3.1.1 Rising investments in manufacturing electric and hybrid vehicles to support market growth in Germany 120
11.3.2 UK 120
11.3.2.1 Growth of aerospace and automotive verticals to fuel demand for intelligent power modules in UK 120
11.3.3 FRANCE 121
11.3.3.1 Expansion of power electronics, aerospace, and industrial verticals to create growth opportunities for market players 121
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11.3.4 ITALY 121
11.3.4.1 Growing demand for advanced intelligent power modules in automotive vertical to drive market growth 121
11.3.5 REST OF EUROPE 121
11.4 ASIA PACIFIC 122
FIGURE 39 INTELLIGENT POWER MODULE MARKET: ASIA PACIFIC SNAPSHOT 122
TABLE 90 INTELLIGENT POWER MODULE MARKET IN ASIA PACIFIC, BY VERTICAL, 2018–2021 (USD MILLION) 123
TABLE 91 INTELLIGENT POWER MODULE MARKET IN ASIA PACIFIC, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 92 INTELLIGENT POWER MODULE MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 123
TABLE 93 INTELLIGENT POWER MODULE MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 124
11.4.1 JAPAN 124
11.4.1.1 Expanding automotive and industrial verticals to drive market growth 124
11.4.2 CHINA 124
11.4.2.1 Growing consumer electronics and automotive verticals to propel demand for intelligent power modules 124
11.4.3 INDIA 125
11.4.3.1 Government-led initiatives to boost domestic manufacturing capacity to fuel demand for intelligent power modules 125
11.4.4 SOUTH KOREA 125
11.4.4.1 Rising demand for consumer electronics and automobiles to fuel demand for intelligent power modules 125
11.4.5 REST OF ASIA PACIFIC 125
11.5 ROW 126
TABLE 94 INTELLIGENT POWER MODULE MARKET IN ROW, BY VERTICAL,
2018–2021 (USD MILLION) 126
TABLE 95 INTELLIGENT POWER MODULE MARKET IN ROW, BY VERTICAL,
2022–2027 (USD MILLION) 126
TABLE 96 INTELLIGENT POWER MODULE MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 126
TABLE 97 INTELLIGENT POWER MODULE MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 127
11.5.1 MIDDLE EAST & AFRICA 127
11.5.1.1 Rising demand for and production of renewable energy to propel market growth 127
11.5.2 SOUTH AMERICA 127
11.5.2.1 Rising use of motor-based machinery to promote market growth 127
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12 COMPETITIVE LANDSCAPE 128
12.1 OVERVIEW 128
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 128
TABLE 98 OVERVIEW OF STRATEGIES ADOPTED BY KEY INTELLIGENT
POWER MODULE MANUFACTURERS 128
12.3 REVENUE ANALYSIS OF TOP COMPANIES 129
FIGURE 40 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INTELLIGENT POWER MODULE MARKET 129
12.4 MARKET SHARE ANALYSIS, 2021 129
TABLE 99 MARKET SHARE OF TOP FIVE PLAYERS IN INTELLIGENT POWER MODULE MARKET IN 2021 130
12.5 COMPANY EVALUATION QUADRANT 131
12.5.1 STARS 131
12.5.2 EMERGING LEADERS 131
12.5.3 PERVASIVES 132
12.5.4 PARTICIPANTS 132
FIGURE 41 INTELLIGENT POWER MODULE MARKET: COMPANY EVALUATION
QUADRANT, 2021 132
12.6 COMPETITIVE SCENARIO 133
12.6.1 PRODUCT LAUNCHES 133
TABLE 100 PRODUCT LAUNCHES, 2020–2022 133
12.6.2 DEALS 134
TABLE 101 DEALS, 2019–2022 134
12.6.3 OTHERS 134
TABLE 102 OTHERS, 2020–2022 134
13 COMPANY PROFILES 136
13.1 KEY PLAYERS 136
(Business Overview, Products Offered, Recent Developments, and MnM View)*
13.1.1 MITSUBISHI ELECTRIC 136
TABLE 103 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 136
FIGURE 42 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 137
TABLE 104 MITSUBISHI ELECTRIC: PRODUCTS OFFERED 138
TABLE 105 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES 138
TABLE 106 MITSUBISHI: DEALS 139
TABLE 107 MITSUBISHI ELECTRIC: OTHERS 139
13.1.2 ON SEMICONDUCTOR 141
TABLE 108 ON SEMICONDUCTOR: BUSINESS OVERVIEW 141
FIGURE 43 ON SEMICONDUCTOR: COMPANY SNAPSHOT 142
TABLE 109 ON SEMICONDUCTOR: PRODUCTS OFFERED 143
TABLE 110 ON SEMICONDUCTOR: PRODUCT LAUNCHES 143
TABLE 111 ON SEMICONDUCTOR: DEALS 144
13.1.3 INFINEON TECHNOLOGIES 146
TABLE 112 INFINEON TECHNOLOGIES: BUSINESS OVERVIEW 146
FIGURE 44 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT 147
TABLE 113 INFINEON TECHNOLOGIES: PRODUCTS OFFERED 148
TABLE 114 INFINEON TECHNOLOGIES: PRODUCT LAUNCHES 148
TABLE 115 INFINEON TECHNOLOGIES: DEALS 149
TABLE 116 INFINEON TECHNOLOGIES: OTHERS 150
13.1.4 FUJI ELECTRIC 152
TABLE 117 FUJI ELECTRIC: BUSINESS OVERVIEW 152
FIGURE 45 FUJI ELECTRIC: COMPANY SNAPSHOT 153
TABLE 118 FUJI ELECTRIC: PRODUCTS OFFERED 153
TABLE 119 FUJI ELECTRIC: PRODUCT LAUNCHES 154
TABLE 120 FUJI ELECTRIC: DEALS 154
13.1.5 SEMIKRON 156
TABLE 121 SEMIKRON: BUSINESS OVERVIEW 156
TABLE 122 SEMIKRON: PRODUCTS OFFERED 156
TABLE 123 SEMIKRON: PRODUCT LAUNCHES 157
TABLE 124 SEMIKRON: DEALS 157
TABLE 125 SEMIKRON: OTHERS 157
13.1.6 ROHM SEMICONDUCTOR 159
TABLE 126 ROHM SEMICONDUCTOR: BUSINESS OVERVIEW 159
FIGURE 46 ROHM SEMICONDUCTOR: COMPANY SNAPSHOT 160
TABLE 127 ROHM SEMICONDUCTOR: PRODUCTS OFFERED 161
TABLE 128 ROHM SEMICONDUCTOR: PRODUCT LAUNCHES 161
TABLE 129 ROHM SEMICONDUCTOR: DEALS 162
13.1.7 SANKEN ELECTRIC 163
TABLE 130 SANKEN ELECTRIC: BUSINESS OVERVIEW 163
FIGURE 47 SANKEN ELECTRIC: COMPANY SNAPSHOT 164
TABLE 131 SANKEN ELECTRIC: PRODUCTS OFFERED 164
TABLE 132 SANKEN ELECTRIC: DEALS 165
13.1.8 STMICROELECTRONICS 166
TABLE 133 STMICROELECTRONICS: BUSINESS OVERVIEW 166
FIGURE 48 STMICROELECTRONICS: COMPANY SNAPSHOT 167
TABLE 134 STMICROELECTRONICS: PRODUCTS OFFERED 168
TABLE 135 STMICROELECTRONICS: DEALS 168
13.1.9 HANGZHOU SILAN MICROELECTRONICS 171
TABLE 136 HANGZHOU SILAN MICROELECTRONICS: BUSINESS OVERVIEW 171
TABLE 137 HANGZHOU SILAN MICROELECTRONICS: PRODUCTS OFFERED 171
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13.1.10 SINO MICROELECTRONICS 173
TABLE 138 SINO MICROELECTRONICS: BUSINESS OVERVIEW 173
TABLE 139 SINO MICROELECTRONICS: PRODUCTS OFFERED 173
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS 175
13.2.1 ALPHA & OMEGA SEMICONDUCTOR 175
TABLE 140 ALPHA & OMEGA SEMICONDUCTOR: COMPANY OVERVIEW 175
13.2.2 CISSOID 176
TABLE 141 CISSOID: COMPANY OVERVIEW 176
13.2.3 SENSITRON SEMICONDUCTOR 176
TABLE 142 SENSITRON SEMICONDUCTOR: COMPANY OVERVIEW 176
13.2.4 RONGTECH INDUSTRY 177
TABLE 143 RONGTECH INDUSTRY: COMPANY OVERVIEW 177
13.2.5 POWEREX 177
TABLE 144 POWEREX: COMPANY OVERVIEW 177
13.2.6 OZTEK CORPORATION 178
TABLE 145 OZTEK CORPORATION: COMPANY OVERVIEW 178
13.2.7 HIRATA CORPORATION 179
TABLE 146 HIRATA CORPORATION: COMPANY OVERVIEW 179
13.2.8 MICROSEMI CORPORATION 180
TABLE 147 MICROSEMI CORPORATION: COMPANY OVERVIEW 180
13.2.9 TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION 181
TABLE 148 TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION:
COMPANY OVERVIEW 181
13.2.10 TEXAS INSTRUMENTS 182
TABLE 149 TEXAS INSTRUMENTS: COMPANY OVERVIEW 182
13.2.11 RENESAS ELECTRONICS 183
TABLE 150 RENESAS ELECTRONICS: COMPANY OVERVIEW 183
13.2.12 SOLITRON DEVICES 184
TABLE 151 SOLITRON DEVICES: COMPANY OVERVIEW 184
13.2.13 VINCOTECH-A GROUP COMPANY OF MITSUBISHI ELECTRIC 185
TABLE 152 VINCOTECH: COMPANY OVERVIEW 185
14 ADJACENT MARKET 186
14.1 IGBT AND THYRISTOR MARKET 186
14.2 INTRODUCTION 186
FIGURE 49 IGBT MARKET, BY PACKAGING TYPE 186
FIGURE 50 IGBT MODULE MARKET TO GROW AT HIGHER CAGR FROM 2020 TO 2025 187
TABLE 153 IGBT MARKET, BY PACKAGING TYPE, 2017–2025 (USD BILLION) 187
?
14.3 IGBT DISCRETE 187
14.3.1 IGBT DISCRETE OFFERS FAST RESPONSE WITH NO OVERSHOOT 187
TABLE 154 IGBT DISCRETE MARKET, BY POWER RATING, 2017–2025 (USD MILLION) 188
TABLE 155 IGBT DISCRETE MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 188
TABLE 156 IGBT DISCRETE MARKET FOR POWER TRANSMISSION SYSTEMS, BY REGION, 2017–2025 (USD MILLION) 188
TABLE 157 IGBT DISCRETE MARKET FOR RENEWABLE ENERGY, BY REGION,
2017–2025 (USD MILLION) 189
TABLE 158 IGBT DISCRETE MARKET FOR RAIL TRACTION SYSTEMS, BY REGION,
2017–2025 (USD MILLION) 189
TABLE 159 IGBT DISCRETE MARKET FOR UPS, BY REGION, 2017–2025 (USD MILLION) 189
TABLE 160 IGBT DISCRETE MARKET FOR ELECTRIC AND HYBRID VEHICLES, BY REGION, 2017–2025 (USD MILLION) 190
TABLE 161 IGBT DISCRETE MARKET FOR MOTOR DRIVES, BY REGION, <