Philippines Automotive Power Electronics Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2025-2034)

The Philippines automotive power electronics market size was valued at USD 22.80 Million in 2024. The industry is expected to grow at a CAGR of 8.10% during the forecast period of 2025-2034. The expansion of the automotive sector, rising technological advancements, increasing use of electric vehicles and the surging investments have resulted in the market to likely attain a valuation of USD 49.68 Million by 2034.

Philippines Automotive Power Eletronics Market Report Summary

Description

Value

Base Year

USD Million

2024

Historical period

USD Million

2018-2024

Forecast Period

USD Million

2025-2034

Market Size 2024

USD Million

22.80

Market Size 2034

USD Million

49.68

CAGR 2018-2024

XX%

CAGR 2025-2034

8.10%

CAGR 2025-2034 - Market by Device Type

Power Module/Discrete

8.9%

CAGR 2025-2034 - Market by Material

Silicon Carbide

8.9%

Philippines Automotive Power Electronics Market Growth

The proliferating use of electric vehicles and the strong adoption of various charging technologies are the key Philippines automotive power electronics market trends. According to industry reports, the sales of electric vehicles in the Philippines may increase by 7% in 2025, marking an 20,000 units annual purchase volume for the first time. Wireless charging for EVs is attaining wide popularity in Philippines as it offers efficient and fast charging attributes. In April 2025, Filipino EV charging solutions provider ACMOBILITY launched the country's first mobile EV charging station, Power-on-Wheels (POW). The new service is designed for making EV charging easier, mainly for people with no nearby charging stations.

Key Trends and Recent Developments

The Philippines automotive power electronics market development can be attributed to the strong focus on green mobility solutions, growing government support, expansion of charging infrastructure and rising local manufacturing.

April 2025

Chinese automaker Li Auto officially commenced its sales operations across the Philippines for targeting the strong demand for battery electric vehicles (BEVs) within the country. The firm also started a partnership with HomeAuto Inc., a local marketing distributor under the name Li Auto Philippines Inc.

February 2025

Geely Philippines launched the EX5, its first all-electric model as part of the broader strategy of Geely Motor Philippines (GMP) for establishing a firmer foothold across the region, underpinned by the shift to operations initiated directly from its Hangzhou headquarters.

February 2023

Infineon Technologies entered into definitive agreements with ASE Technology Holding for the sale of two backend production sites located in Philippines, Cavite, and Cheonan in South Korea, to the latter’s two fully owned subsidiaries, which is a leading provider of independent semiconductor manufacturing services in test and assembly.

March 2022

Nissan Motor’s well-known subsidiary Nissan Philippines fast-forwarded its plans for electrification to bring its e-Power technology, which is a self-charging electric powered motor, in the Philippines in a bid to reinforce its electrification strategy through next-generation technologies.

Emphasis on green mobility

The rising focus on power sustainable mobility for supporting the transition to sustainable transportation will favor the growth of the Philippines automotive power electronics market. In February 2025, leading superapp Grab Philippines introduced the Green Programme for strengthening its commitment to environmental sustainability. With a new toggle-on feature within Grab’s on-demand mobility and delivery services, the initiative allows users to participate actively in growing environmental conservation efforts.

Government initiatives

The surging support from the government to offer several tax incentives for electric vehicles to make them affordable and accessible will increase the Philippines automotive power electronics market share. These incentives are also aimed towards supporting sustainable development and greener transportation across the country. In October 2023, the Government of Philippines was exploring ways for incentivizing the manufacturing of 4M EV units in the next 10 years as part of its push for developing the EV sector of the country.

Growth of charging infrastructure

The increasing dominance of electric vehicle users in the Philippines is driving the need for widespread and reliable access to charging hubs for limiting range anxiety and increasing consumer confidence in electric mobility. In March 2025, the Electric Vehicle Association of the Philippines (EVAP) emphasized its focus on policy implementation, charging infrastructure expansion, and industry collaboration for ensuring a smooth transition to electric mobility in the region.

Rising local manufacturing activities

The Philippines automotive power electronics market outlook will also be impacted by the rising efforts on reinforcing automotive research and development across the country. In February 2025, the Government extended its support to local manufacturing and technology advances to reflect its strategic vision. The influx of new investments for developments in the regional automotive manufacturing hubs to offer a boost to the automotive industry will favor the industry dynamics in the Philippines.

Philippines Automotive Power Electronics Market Trends

The surging funding for supporting sustainable transport in the country, including electric jeepneys (e-jeepneys) and electric tricycles (e-trikes) will boost the Philippines automotive power electronics market. In January 2025, the Asian Development Bank (ADB) signed a PhP583 billion (USD 100 million) worth financing package for promoting Ayala Corporation’s efforts for developing an electric mobility ecosystem across the Philippines. With the higher deployment of electric vehicles and charging infrastructure in the region, the focus on reducing greenhouse gas emissions to back the country’s clean energy transition is driving the robust involvement of the private sector in green initiatives, adding to the market growth.

Philippines Automotive Power Electronics Market Opportunities

The Philippines automotive power electronics industry will further be enhanced by the rising advances in printed circuit board (PCB) assembly, which is a critical component of the electronics manufacturing. Philippines has emerged as an attractive destination for PCB assembly due to its strategic location, proficient technical workforce, as well as established manufacturing infrastructure. The rise in schemes for driving the regional automotive industry growth will also influence the market outlook. In December 2023, The Department of Trade and Industry (DTI) rolled out the Electric Vehicle Incentives Scheme (EVIS) for accelerating the development of the e-vehicle industry in the country.

Philippines Automotive Power Electronics Market Restraints

The Philippines automotive power electronics market development is likely to be hampered by the rising concerns of thermal management as the need for the efficient dissipation of generated heat has grown paramount. The escalating costs of electric vehicles in the Philippines and the constant requirement for innovative functions and new requirements to better serve the conventional functions will also hinder the market dynamics to some degree.

Philippines Automotive Power Electronics Industry Segmentation

The EMR’s report titled “Philippines Automotive Power Electronics Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Device Type

• Power IC
• Power Module/Discrete

Breakup by Component

• Microcontroller
• Sensor

Breakup by Material

• Silicon
• Silicon Carbide
• Gallium Nitride
• Others

Breakup by Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Electric Vehicles

Breakup by Application

• ADAS & safety
• Body control & comfort
• Infotainment
• Telematics
• Engine management & powertrain
• Battery management

Philippines Automotive Power Electronics Market Share

CAGR 2025-2034 - Market by

Device Type

Power Module/Discrete

8.9%

Power IC

XX%

Market Analysis by Device Type

The demand for power IC’s is slated to expand in the Philippines automotive power electronics market with the rising dominance of IoT technology. Analog ICs have grown popular in the region as they offer efficient power consumption features as well as signal processing capabilities to configure automated devices ecosystems. The presence of a well-stablished semiconductor and electronics manufacturing sector is driving the rising rate of production of ICs across the country. As per industry reports, the Philippines is responsible for 2.8% of world’s IC exports.

Power module/discrete devices will garner popularity in the Philippines due to their usage in a range of applications, such as regulating voltages, lowering power consumption and reducing the heat generation. The emergence of wide-bandgap power devices that offer both low- and high-power uses at higher frequencies in the automotive sector will boost the segment expansion.

Market Analysis by Component

The growth of the Philippines automotive power electronics market will be characterized by microcontroller and sensor components. With the rising popularity of hybrid and electric vehicle driving, the demand for microcontrollers may significantly grow. Microcontrollers not only regulate and monitor the engine performance but also help determine the engine's operating conditions.

Sensors will gain a significant regional industry share due to their assistance in detecting issues, optimizing performance, and enhancing safety in cars. In October 2024, Infineon introduced its new fingerprint sensor ICs to facilitate identification and authentication in automotive applications. Such instances of product launches will favor the segment growth.

Market Analysis by Material

The Philippines automotive power electronics market share may expand through materials. Silicon is gaining large popularity as a semiconductor of choice in high-voltage power electronics applications given its abundance and relatively low cost. Moreover, silicon wafers help power the brains of modern vehicles, making them the building blocks of microcontrollers and processors.

The strong demand for silicon carbide (SiC) in automotive power electronics across Philippines can be attributed to their rising scope in OBCs and inverters in plug-in hybrid vehicles and fully electric cars. With the shift of electric vehicles towards higher systems, SiC is playing a key role for enabling superior performance, more efficient drivetrains, longer ranges as well as faster charging times.

The preference for gallium nitride in the Philippines automotive power electronics industry will record expansion due to their ability to offer faster switching speeds greater efficiency, and higher thermal conductivity. In November 2024, Infineon Technologies AG launched the CoolGaN™ Transistors 650 V G5, a new family of its high voltage discretes to strengthen its gallium nitride (GaN) portfolio. Such instances are likely to boost the segment growth.

Market Analysis by Vehicle Type

The Philippines automotive power electronics market trends will be influenced by the rising adoption of passenger vehicles in the country. According to industry reports, the sales of passenger cars in the Philippines stood at 282,507 units in December 2023. The increasing popularity of passenger minivans will also favor the segment growth.

Meanwhile, light commercial vehicles are garnering significant market demand in the Philippines for their increasing usage in the transportation of goods, people, and services. These vehicles render flexibility and efficiency important for urban and regional logistics. With their adaptability and cost-effectiveness, light commercial vehicles help cater to various industries.

The thriving popularity of electric vehicles to meet the sustainability goals due to the emphasis on improving the air quality will propel the growth of the Philippines automotive power electronics market. Electric motorcycles and scooters are further gaining large preference across the country for their efficiency, affordability, and suitability for navigating congested urban areas.

Market Analysis by Application

Philippines automotive power electronics market revenue will grow through infotainment applications as these in-built car computers offer a wide range of functions, including digital radios and in-built reversing cameras. Power electronics are largely used in the infotainment and connectivity systems of vehicles, including touchscreen displays, and communication interfaces.

The growing popularity of telematics as an essential management tool in the Philippines, mainly for commercial and government fleets will drive the industry expansion. In May 2024, Shell Fleet Solutions collaborated with telematics frontrunner, Cartrack, in the Philippines. With this, both firms leveraged their expertise in vehicle and fuel insights for offering a holistic view of the vehicle and automated fueling analytics to businesses for achieving operational efficiencies.

Battery management applications will record significant traction in the Philippines automotive power electronics industry due to the strong need for managing the charging and discharging of the battery packs of vehicles. They also ensure that the battery is efficiently and safely charged while protecting it from over-discharging, overcharging, and thermal issues.

Competitive Landscape

Key participants in the Philippines automotive power electronics market are working on strategies, such as partnerships, investments and innovations aimed at increasing their customer base. The growing technological integration in their offerings will also drive product sales.

Infineon Technologies AG

Founded in 1999 and headquartered in Neubiberg, Germany, Infineon Technologies AG is one of the largest semiconductor manufacturers worldwide. With strong commitment to driving decarbonization and digitalization, the firm provides game-changing solutions for clean and safe mobility, as well as smart and secure IoT.

Texas Instruments Incorporated

Founded in 1930, Texas Instruments Incorporated is an American multinational semiconductor provider headquartered in Texas. The company develops analog chips and embedded processors, which account for more than 80% of its revenue, as well as products including microcontrollers, calculators, and multi-core processors.

Renesas Electronics Corporation

Founded in 2002 and headquartered in Tokyo, Renesas Electronics Corporation is a well-known Japanese semiconductor manufacturer. As a leader in embedded semiconductor technology, the company has been creating a large number of products and solutions.

STMicroelectronics

Founded in 1987 and headquartered in Geneva, Switzerland, STMicroelectronics is a European multinational semiconductor contract maker and design company. The microchips created and delivered by STMicroelectronics are largely embedded in most advanced innovations.

Other key players in the Philippines automotive power electronics market report include NXP Semiconductors, Microsemi Corporation, Vishay Intertechnology Inc., Semiconductor Components Industries LLC, Toyota Industries Corporation, Valeo Group, and others.