Home > Semiconductors & Electronics > Semiconductor > Insulated-gate Bipolar Transistors (IGBTs) Market

Insulated-gate Bipolar Transistors (IGBTs) Market Share

Report ID: GMI9602
Published Date: May 2024
Report Format: PDF

Download Free Sample

Insulated-gate Bipolar Transistors Market Share

Infineon Technologies AG, Ltd. and Renesas Electronics Corporation held a significant share of over 15% in the IGBTs market in 2023. Infineon Technologies AG, a leading semiconductor company based in Germany, specializes in offering IGBTs for various applications. With a comprehensive portfolio of high-quality IGBT products, the company caters to diverse sectors including automotive, industrial, renewable energy, and consumer electronics. Its solutions focus on optimizing power efficiency, enhancing reliability, and enabling advanced functionalities, thus contributing to the development of energy-efficient and high-performance electronic systems worldwide.

Renesas Electronics Corporation is a leading semiconductor company offering advanced solutions in the IGBTs market. The company provides a comprehensive portfolio of IGBT products tailored for diverse applications including automotive, industrial, and consumer electronics. Its offerings encompass high-performance IGBT modules, driver ICs, and power management solutions. Renesas emphasizes innovation, reliability, and efficiency in its products, catering to the evolving demands of the global market.

Insulated-gate Bipolar Transistors Market Companies

Major players operating in the IGBTs industry are:

Infineon Technologies AG
Mitsubishi Electric Corporation
NXP Semiconductors
ON Semiconductor Corporation
Renesas Electronics Corporation
Texas Instruments Incorporated
Toshiba Corporation

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for insulated-gate bipolar transistors was USD 12.5 billion in 2023 and is expected to register over 10% CAGR from 2024-2032 owing to the rising adoption of Electric Vehicles (EVs) and hybrid vehicles worldwide.

Insulated-gate bipolar transistors industry from the discrete IGBT segment and is expected to register over 11% CAGR from 2024-2032 due to offering modular design flexibility and allowing engineers to customize circuits for specific applications easily.

Asia Pacific industry held over 40% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the region's booming industrial sector, particularly in countries like China, India, and Japan, driving demand for IGBTs in various applications.

Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors, ON Semiconductor Corporation, Renesas Electronics Corporation, Texas Instruments Incorporated, and Toshiba Corporation, are some of the major insulated-gate bipolar transistors companies worldwide.