Intelligent Power Module Market
Description
Intelligent Power Module Market Summary
The global intelligent power module market size was estimated at USD 3,430.8 million in 2025 and is projected to reach USD 9,854.4 million by 2033, growing at a CAGR of 14.7% from 2026 to 2033. The industry is expanding due to the growing adoption of industrial automation.
Factories are increasingly deploying automated equipment and advanced motor drive systems to improve productivity and process control. This shift is increasing demand for IPMs that support precise power management and higher energy efficiency. Rising deployment of robotics and CNC machines is further strengthening IPM adoption across industrial facilities.
The adoption of silicon carbide-based intelligent power modules is supporting strong market growth. These modules enable higher energy efficiency, which reduces power losses in industrial systems. Improved power density allows more compact and lightweight designs for motor drive applications. This capability is driving increased demand across various sectors that utilize advanced industrial equipment. As efficiency standards tighten, silicon carbide IPMs see wider acceptance. For instance, in March 2025, onsemi, a U.S.-based semiconductor company, launched a 1200 V silicon carbide (SiC) MOSFET-based IPM series called EliteSiC SPM 31, designed to deliver high energy efficiency, high power density, and a compact form factor for inverter motor drives in industrial applications such as HVAC, robotics, pumps, and data-center cooling systems.
The intelligent power module market is expanding as manufacturers focus on compact and energy-efficient power solutions. These modules help reduce power losses and improve overall energy efficiency in motor drive systems. Smaller form factors allow integration into space-constrained inverter designs. Improved thermal management enhances performance and prevents overheating. Built-in protection features increase system reliability and operational lifetime. Higher efficiency and durability make these modules suitable for a wider range of industrial and consumer applications. The adoption of Intelligent Power Modules is steadily increasing across multiple sectors. For instance, in April 2025, Alpha and Omega Semiconductor Limited, a U.S.-based semiconductor company, launched the Mega IPM-7 series Intelligent Power Modules. The series features a compact, high-efficiency design optimized for BLDC motor drives in home appliances and power tools, delivering higher power density and reliable performance.
AI and IoT integration in Intelligent Power Modules (IPMs) is emerging as a key differentiator for high-value industrial applications. These technologies enable real-time monitoring of voltage, current, and temperature within the module. Embedded intelligence helps detect faults early and supports predictive maintenance. IoT connectivity allows remote diagnostics and performance tracking across industrial systems. AI-based algorithms can optimize power usage and improve operational efficiency. This reduces unplanned downtime and extends equipment lifespan. Smart IPMs support Industry 4.0 and digital factory initiatives. Demand is rising for intelligent, connected IPMs in advanced industrial environments.
Global Intelligent Power Module Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global intelligent power module market report based on power device, voltage rating, application, and region:
The global intelligent power module market size was estimated at USD 3,430.8 million in 2025 and is projected to reach USD 9,854.4 million by 2033, growing at a CAGR of 14.7% from 2026 to 2033. The industry is expanding due to the growing adoption of industrial automation.
Factories are increasingly deploying automated equipment and advanced motor drive systems to improve productivity and process control. This shift is increasing demand for IPMs that support precise power management and higher energy efficiency. Rising deployment of robotics and CNC machines is further strengthening IPM adoption across industrial facilities.
The adoption of silicon carbide-based intelligent power modules is supporting strong market growth. These modules enable higher energy efficiency, which reduces power losses in industrial systems. Improved power density allows more compact and lightweight designs for motor drive applications. This capability is driving increased demand across various sectors that utilize advanced industrial equipment. As efficiency standards tighten, silicon carbide IPMs see wider acceptance. For instance, in March 2025, onsemi, a U.S.-based semiconductor company, launched a 1200 V silicon carbide (SiC) MOSFET-based IPM series called EliteSiC SPM 31, designed to deliver high energy efficiency, high power density, and a compact form factor for inverter motor drives in industrial applications such as HVAC, robotics, pumps, and data-center cooling systems.
The intelligent power module market is expanding as manufacturers focus on compact and energy-efficient power solutions. These modules help reduce power losses and improve overall energy efficiency in motor drive systems. Smaller form factors allow integration into space-constrained inverter designs. Improved thermal management enhances performance and prevents overheating. Built-in protection features increase system reliability and operational lifetime. Higher efficiency and durability make these modules suitable for a wider range of industrial and consumer applications. The adoption of Intelligent Power Modules is steadily increasing across multiple sectors. For instance, in April 2025, Alpha and Omega Semiconductor Limited, a U.S.-based semiconductor company, launched the Mega IPM-7 series Intelligent Power Modules. The series features a compact, high-efficiency design optimized for BLDC motor drives in home appliances and power tools, delivering higher power density and reliable performance.
AI and IoT integration in Intelligent Power Modules (IPMs) is emerging as a key differentiator for high-value industrial applications. These technologies enable real-time monitoring of voltage, current, and temperature within the module. Embedded intelligence helps detect faults early and supports predictive maintenance. IoT connectivity allows remote diagnostics and performance tracking across industrial systems. AI-based algorithms can optimize power usage and improve operational efficiency. This reduces unplanned downtime and extends equipment lifespan. Smart IPMs support Industry 4.0 and digital factory initiatives. Demand is rising for intelligent, connected IPMs in advanced industrial environments.
Global Intelligent Power Module Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global intelligent power module market report based on power device, voltage rating, application, and region:
- Power Device Outlook (Revenue, USD Million, 2021 - 2033)
- IGBT
- MOSFET
- Voltage Rating Outlook (Revenue, USD Million, 2021 - 2033)
- 0 V to 599 V
- 600 V to 1,199 V
- 1,200 V and above
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Automotive
- Industrial
- Consumer Electronics
- Energy & Utility
- IT & Telecommunication
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- KSA
- UAE
- South Africa
Table of Contents
150 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. Smart Glasses Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Market Opportunities
- 3.3. Smart Glasses Market Analysis Tools
- 3.3.1. Industry Analysis - Porter’s
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- Chapter 4. Smart Glasses Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Glasses Market: Type Movement Analysis, 2025 & 2033 (USD Million)
- 4.3. Monocular
- 4.3.1. Monocular Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 4.4. Binocular
- 4.4.1. Binocular Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 4.5. Audio
- 4.5.1. Audio Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 4.6. Immersive
- 4.6.1. Immersive Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 5. Smart Glasses Market: Glass Tinting Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Glasses Market: Glass Tinting Technology Movement Analysis, 2025 & 2033 (USD Million)
- 5.3. Polymer-Dispersed Liquid Crystals
- 5.3.1. Polymer-Dispersed Liquid Crystals Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 5.4. Electrochromic (EC) Smart Glass
- 5.4.1. Electrochromic (EC) Smart Glass Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 5.5. Photochromic
- 5.5.1. Photochromic Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 5.6. Suspended Particles Device (SPD)
- 5.6.1. Suspended Particles Device (SPD) Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 6. Smart Glasses Market: Operating System Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Glasses Market: Operating System Movement Analysis, 2025 & 2033 (USD Million)
- 6.3. Android
- 6.3.1. Android Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 6.4. Linux
- 6.4.1. Linux Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 6.5. Other
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 7. Smart Glasses Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Smart Glasses Market: Application Movement Analysis, 2025 & 2033 (USD Million)
- 7.3. Education
- 7.3.1. Education Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 7.4. Gaming
- 7.4.1. Gaming Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 7.5. Healthcare
- 7.5.1. Healthcare Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 7.6. Industrial
- 7.6.1. Industrial Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 7.7. Others
- 7.7.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 8. Smart Glasses Market: Connectivity Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Smart Glasses Market: Connectivity Movement Analysis, 2025 & 2033 (USD Million)
- 8.3. Bluetooth
- 8.3.1. Bluetooth Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 8.4. HDMI
- 8.4.1. HDMI Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 8.5. USB
- 8.5.1. USB Market Revenue Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 9. Regional Estimates & Trend Analysis
- 9.1. Smart Glasses Market, By Region, 2025 & 2033
- 9.2. North America
- 9.2.1. North America Smart Glasses Market Estimates & Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.3. Europe
- 9.3.1. Europe Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.3.4. France
- 9.3.4.1. France Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4.2. China
- 9.4.2.1. China Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4.4. India
- 9.4.4.1. India Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.6.3. Saudi Arabia
- 9.6.3.1. Saudi Arabia Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Smart Glasses Market Estimates and Forecasts, 2021 - 2033 (Volume, Thousand Units; Revenue, USD Million)
- Chapter 10. Smart Glasses Market - Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. Amazon.com, Inc.
- 10.4.1.1. Participant’s Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Strategic Initiatives
- 10.4.2. Vuzix Corporation
- 10.4.2.1. Participant’s Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Strategic Initiatives
- 10.4.3. Bose Corporation
- 10.4.3.1. Participant’s Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Strategic Initiatives
- 10.4.4. Flows Bandwidth
- 10.4.4.1. Participant’s Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Strategic Initiatives
- 10.4.5. Google LLC
- 10.4.5.1. Participant’s Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Strategic Initiatives
- 10.4.6. Lenovo
- 10.4.6.1. Participant’s Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Strategic Initiatives
- 10.4.7. Lumus Ltd.
- 10.4.7.1. Participant’s Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Strategic Initiatives
- 10.4.8. Magic Leap, Inc.
- 10.4.8.1. Participant’s Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Strategic Initiatives
- 10.4.9. Microsoft Corporation
- 10.4.9.1. Participant’s Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Strategic Initiatives
- 10.4.10. Razer Inc.
- 10.4.10.1. Participant’s Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Strategic Initiatives
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