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Automotive Integrated Power Module Market Trends

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

Automotive Integrated Power Module Market Trends

Innovations such as Silicon Carbide (SiC) and Gallium Nitride (GaN) semiconductor materials have significantly enhanced power module performance and efficiency. These advanced materials boast superior thermal conductivity, quicker switching speeds, and enhanced energy efficiency over conventional silicon-based semiconductors. Integrated power modules, capable of managing elevated power densities and functioning at higher temperatures, are now ideally suited for electric and hybrid vehicles with demanding powertrain systems. Moreover, advancements in system integration and miniaturization are enabling the creation of more compact, reliable, and cost-effective integrated power modules that are crucial for next-generation vehicles.
 

A significant pitfall for the market is the complexity of thermal management. Integrated power modules operate under high power loads and experience significant heat generation due to the power conversion and switching processes involved. Effective thermal management is crucial to prevent overheating, maintain system reliability, and ensure the longevity of modules. However, as vehicle powertrains become more powerful, managing the heat within IPMs becomes increasingly challenging.

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.

Automotive Integrated Power Module Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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