Intelligent Power Module Market
Intelligent Power Module Market Size, Share & Trends Analysis Report by Power Device (IGBT and MOSFET), by Voltage Rating (0 V to 599 V, 600 V to 1,199 V, and 1,200 V and Above), and by Vertical (Consumer Electronics, Information and Communication Technology (ICT), Automotive, Industrial, and Others) Forecast Period (2024-2031)
Intelligent power module market is anticipated to grow at a CAGR of 10.7% during the forecast period (2024-2031). The growing adoption of intelligent power modules with the increasing end users in various industries is the key factor supporting the growth of the market globally. The increasing application of intelligent power modules in the automotive industry manufacturers using MOSFET meets the automotive industry's stringent quality and reliability standards. The market players are also focusing on introducing intelligent power module solutions that further bolster the market growth. For instance, in October 2023, Littelfuse, Inc. launched power module IXTY2P50PA, the first automotive-grade PolarP™ P-Channel Power MOSFET. The product design meets the demanding requirements of automotive applications, providing exceptional performance and reliability.
Segmental Outlook
The global intelligent power module market is segmented on the power device, voltage rating, and vertical. Based on the power device, the market is sub-segmented into IGBT and MOSFET. Based on the voltage rating, the market is sub-segmented into 0 V to 599 V, 600 V to 1,199 V, and 1,200 V and above. Further, based on vertical, the market is sub-segmented into consumer electronics, ICT, automotive, industrial and others (aerospace). Among the power devices, the IGBT sub-segment is anticipated to hold a considerable share of the market owing to the increasing use of semiconductor modules that integrate into a single package all the circuitry required to operate an intelligent power module.
The Consumer Electronics Sub-Segment is Anticipated to Hold a Considerable Share of the Global Intelligent Power Module Market
Among the verticals, the consumer electronics sub-segment is expected to hold a considerable share of the global intelligent power module market. The segmental growth is attributed to the increasing use of intelligent power modules in consumer electronics to increase power efficiency, smaller and lighter size and weight, higher reliability, and easier circuit design. Intelligent power modules with built-in machine learning (ML) capabilities for battery-powered devices are perfect for swiftly constructing smart metering, smart lighting, and smart tracking devices. For instance, in November 2023, Eoxys System launched an Ultra-Low Power NB-IoT ML SOM Module for building intelligent and secure IoT devices. Customers can develop their IoT smart metering and smart tracking solutions more quickly by utilizing the XENO+ NB-IoT ML SOM's intelligent computing and cellular connectivity functionalities.
Regional Outlook
The global intelligent power module market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the growing adoption of intelligent power modules in the automotive and renewable energy sectors.
Global Intelligent Power Module Market Growth, by Region 2024-2031
The North America Region is Expected to Grow at a Significant CAGR in the Global Intelligent Power Module Market
Among all regions, the North American region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to increasing demand for intelligent power modules for energy savings and lower product operating costs. Market players focusing on introducing an integrated intelligent power module that provides protection features such as overcurrent protection, under-voltage protection, and temperature sensing. For instance, in September 2023, Ideal Power Inc. launched SymCool™ IQ Intelligent Power Module. SymCool™ IQ builds on the bidirectional B-TRAN™ multi-die packaging design to integrate intelligent driver optimized for bidirectional operation. The SymCool™ IQ, rated at 1200V and 160A, has significant advantages compared to IGBT modules, including lower losses and inherent bi-directionality.
Market Players Outlook
The major companies serving the global intelligent power module market include Infineon Technologies AG, Mitsubishi Electric Corp., Renesas Electronics Corp., Semiconductor Components Industries, LLC, Toshiba Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2023, Semikron Danfoss and ROHM Semiconductor collaborated on the implementation of silicon carbide (SiC) inside power modules. The new 1200V RGA IGBT from ROHM was added by Semikron Danfoss to their lineup of low-power modules. The new 1200V RGA IGBT from ROHM is intended to serve as a substitute for the most recent Generation 7 IGBT devices in industrial settings.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global intelligent power module market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Mitsubishi Electric Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Renesas Electronics Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Toshiba Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Intelligent Power Module Market by Power Devices
4.1.1. Insulated-Gate Bipolar Transistor (IGBT)
4.1.2. Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
4.2. Global Intelligent Power Module Market by Voltage Rating
4.2.1. 0 V to 599 V
4.2.2. 600 V to 1,199 V
4.2.3. 1,200 V and Above
4.3. Global Intelligent Power Module Market by Vertical
4.3.1. Consumer Electronics
4.3.2. Information and Communication Technology (ICT)
4.3.3. Automotive
4.3.4. Industrial
4.3.5. Others (Aerospace)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ABB Ltd.
6.2. Analog Devices, Inc.
6.3. Fuji Electric Co., Ltd.
6.4. Ideal Power, Inc.
6.5. Infineon Technologies AG
6.6. LITE-ON Technology Corp.
6.7. Littelfuse, Inc.
6.8. Microchip Technology Inc.
6.9. NXP Semiconductors N.V.
6.10. Panasonic Corp.
6.11. Power Integrations, Inc.
6.12. Powerex Inc.
6.13. ROHM CO., LTD.
6.14. SANKEN ELECTRIC CO., LTD.
6.15. Semiconductor Components Industries, LLC
6.16. Semikron Danfoss GmbH
6.17. STMicroelectronics
6.18. Texas Instruments Inc.
6.19. Vishay Intertechnology, Inc.
1. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023-2031 ($ MILLION)
2. GLOBAL INTELLIGENT IGBT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL INTELLIGENT MOSFET POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023-2031 ($ MILLION)
5. GLOBAL 0 V TO 599 V INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL 600 V TO 1,199 V INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL 1,200 V AND ABOVE INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
9. GLOBAL INTELLIGENT POWER MODULE FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL INTELLIGENT POWER MODULE FOR ICT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL INTELLIGENT POWER MODULE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL INTELLIGENT POWER MODULE FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL INTELLIGENT POWER MODULE FOR OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023-2031 ($ MILLION)
17. NORTH AMERICAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023-2031 ($ MILLION)
18. NORTH AMERICAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
19. EUROPEAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023-2031 ($ MILLION)
21. EUROPEAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023-2031 ($ MILLION)
22. EUROPEAN INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
27. REST OF THE WORLD INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023-2031 ($ MILLION)
29. REST OF THE WORLD INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023-2031 ($ MILLION)
30. REST OF THE WORLD INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
1. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY POWER DEVICE, 2023 VS 2031 (%)
2. GLOBAL INTELLIGENT IGBT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL INTELLIGENT MOSFET POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
4. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VOLTAGE RATING, 2023 VS 2031 (%)
5. GLOBAL 0 V TO 599 V INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL 600 V TO 1,199 V INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
7. GLOBAL 1,200 V AND ABOVE INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
8. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023 VS 2031 (%)
9. GLOBAL INTELLIGENT POWER MODULE FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
10. GLOBAL INTELLIGENT POWER MODULE FOR ICT MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
11. GLOBAL INTELLIGENT POWER MODULE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. GLOBAL INTELLIGENT POWER MODULE FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
13. GLOBAL INTELLIGENT POWER MODULE FOR OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
14. GLOBAL INTELLIGENT POWER MODULE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
15. US INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
17. UK INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
29. THE MIDDLE EAST AND AFRICA INTELLIGENT POWER MODULE MARKET SIZE, 2023-2031 ($ MILLION)
