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Automotive Integrated Power Module Market Share

Report ID: GMI12570
Published Date: Dec 2024
Report Format: PDF

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Automotive Integrated Power Module Market Share

Automotive Integrated Power Module Company Market Share, 2024

Infineon and Mitsubishi hold a market share of over 10% in the automotive integrated power module industry. Infineon focuses on leveraging its advanced semiconductor technologies to enhance the performance, efficiency, and thermal management of its IPMs. The company invests heavily in R&D to develop high-performance, reliable, and cost-effective solutions tailored for electric and hybrid vehicles. Infineon’s partnerships with leading automakers and its robust product portfolio, which includes IPMs for a wide range of automotive applications, help strengthen its market presence.

Mitsubishi Electric emphasizes its innovative power electronics solutions to meet the growing demand for electric mobility. The company is expanding its production capabilities and focusing on smart, efficient, and compact IPMs that cater to both traditional internal combustion engine (ICE) and electric vehicles. Mitsubishi also works closely with OEMs to provide tailored, high-quality IPM solutions, further bolstering its competitive edge in the market.

Automotive Integrated Power Module Market Companies

Major players operating in the automotive integrated power module industry include:

Denso
Fuji
Infineon
Mitsubishi
NXP Semiconductors
ON Semiconductor
Renesas
Rohm
STMicroelectronics
Texas

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive integrated power module reached USD 3.6 billion in 2024 and is set to grow at a 9.2% CAGR from 2025 to 2034, propelled by the growing adoption of electric vehicles (EVs).

The OEM segment held a market share of around 74% in 2024, led by advancements in power semiconductor technologies that offer superior efficiency, higher thermal conductivity, and faster switching speeds.

The U.S. market accounted for 80% of the revenue share in 2024 and is driven by the expansion of automotive manufacturing for hybrid and electric vehicle platforms, along with government investments in EV infrastructure.

The key players in the industry include Denso, Fuji, Infineon, Mitsubishi, NXP Semiconductors, ON Semiconductor, Renesas, Rohm, STMicroelectronics, and Texas Instruments.