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Automotive Integrated Power Module Market Size

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

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Automotive Integrated Power Module Market Size

The global automotive integrated power module market size was valued at USD 3.6 billion in 2024 and is estimated to register a CAGR of 9.2% between 2025 and 2034. Growing adoption of electric vehicles (EVs) is anticipated to propel market expansion. With governments globally tightening emissions regulations and providing incentives for eco-friendly transport, the demand for EVs has surged. In these vehicles, automotive integrated power modules are vital, overseeing power conversion between the battery, electric motor, and other essential components.

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For instance, according to the International Energy Agency (IEA), electric car sales reached approximately 14 million in 2023. The share of electric vehicles in total sales has grown from about 4% in 2020 to 18% in 2023. This trend is expected to continue as more consumers and automakers embrace electric mobility, driving sustained demand for automotive integrated power modules.

Automotive Integrated Power Module Market Report Attributes
Report Attribute	Details
Base Year:	2024
Automotive Integrated Power Module Market Size in 2024:	USD 3.6 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	9.2%
2025 – 2034 Value Projection:	USD 8.6 Billion
Historical Data for:	2021 – 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Power, Application, Vehicle, Sales Channel
Growth Drivers:	Growing adoption of electric and hybrid vehicles Technological advancements in power electronics Demand for energy efficiency and performance Regulatory push for fuel efficiency and emissions reduction
Pitfalls & Challenges:	High cost of integrated power module Complexity in design and manufacturing

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Market growth is fueled by the rising demand for energy-efficient vehicles. With consumers placing a premium on sustainability, automakers are focusing on enhancing vehicle efficiency to reduce fuel consumption and lower carbon emissions. Integrated power modules optimize power conversion and bolster the performance of electric and hybrid vehicle powertrains. By managing energy flow, these modules significantly improve overall vehicle efficiency. The growing focus on reducing fuel consumption, alongside tightening emissions regulations, has led to a surge in the adoption of integrated power modules.

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.