With a compound growth rate of 3.3%, institutions estimate that the global power semiconductor market will reach US$55 billion in 2030

News from this site on March 6, according to the latest report released by the market research organization Straits Research, the global power semiconductor market revenue in 2020 was US$40 billion, It is estimated that the market will reach US$55 billion by 2030,The compound annual growth rate during the forecast period is 3.3%.

The widespread application of global consumer electronics products has promoted the expansion of the market size. Many consumer products rely on semiconductor technology, such as communication devices (smartphones, tablets, smart watches, etc.), computers (including printed circuit boards in personal and business computers), entertainment systems, and home appliances. As people's demand for smart devices and digital products continues to increase, the sales volume of consumer electronics products is also growing year by year. As one of the key technologies supporting these products, the semiconductor industry has developed rapidly and been widely used. With the continuous advancement and innovation of science and technology, the functions and performance of consumer electronic products are also constantly improving, promoting further expansion of the market. Power semiconductor is a component specially used to handle high current or high power. , usually refers to semiconductor products with a rated current of more than 1 amp. Although there is no clear standard division, generally speaking, such products are classified as power semiconductors. These devices play key roles in a variety of power electronics applications, including converters, inverters, and power amplifiers. Power semiconductors usually have high withstand voltage and current characteristics, which can effectively control the flow of electric energy and achieve efficient

Smartphones are one of the major consumers of the semiconductor industry. In the past few years, smartphones have intense market competition. It is expected that the use of smartphones will continue to increase in the future, driving the development of the global industry. According to Ericsson's forecast, the average monthly data traffic of global smartphone devices will increase from 32 exabytes in 2019 to 221 exabytes by 2026. This trend shows the importance of smartphones in the digital age and highlights people's growing demand for mobile communications and data transmission. As technology continues to advance, smartphones will continue to become an indispensable tool in people's lives, driving the global communications industry forward.

The main contents of the report attached to this site are as follows:

The global power semiconductor market can be divided into discrete devices, modules and power integrated circuits based on different components. The power integrated circuit market is expected to hold the highest share and will continue to grow at a CAGR of 1.9% over the forecast period.
The global power semiconductor market is divided into three categories based on different materials: silicon/germanium, silicon carbide (SiC) and gallium nitride (GaN). Among them, silicon/germanium has the largest market share and is expected to continue to grow at a compound annual growth rate of 1% during the future forecast period.
By end-user industry, the global power semiconductor market can be divided into automotive, consumer electronics, IT and telecommunications, military and aerospace, power, industrial and other industries. Consumer electronics accounts for the largest market share and is expected to grow at a CAGR of 2% during the forecast period.
Based on region, the global power semiconductor market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to hold the largest market share and grow at a CAGR of 3.6% annually over the next few years.
The original address of the report is attached to this website, and interested users can read it in depth.

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