North America Automotive Power Modules Market Size, Share & Trends Analysis Report By Type (Si IGBTs and SiC MOSFETs), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Propulsion Type, By Application, By Country and Growth Forecast, 2023 - 2030
The North America Automotive Power Modules Market would witness market growth of 18.1% CAGR during the forecast period (2023-2030).
Automotive power modules are electronic devices or systems designed to control and manage the electrical power within a vehicle. These modules integrate advanced semiconductor technologies and electronic components to regulate various functions, enhance performance, and optimize energy efficiency in automotive systems. They play a crucial role in ensuring the proper functioning of key vehicle components, including the powertrain, engine, transmission, and other electrical systems.
It may include microcontrollers, sensors, actuators, power semiconductors, and communication interfaces. These modules are responsible for tasks such as power distribution, energy conversion, and the control of different vehicle functions. As electric and hybrid vehicles have increased, as have smart technologies and advanced driver assistance systems, the intricacy of these modules has escalated substantially. With the increasing complexity of modern vehicles, the market is at the forefront of innovation, addressing challenges related to vehicle electrification, autonomous driving, connectivity, and overall system integration.
The rising sales of automobiles underscores the U.S.'s significant presence in the international automotive industry, with implications for various segments, including the market. According to the International Trade Administration (ITA), in 2020, the United States recorded light vehicle sales totalling 14.5 million units, establishing itself as the world's second-largest vehicle sales and production. Additionally, electric vehicle registrations reached an all-time high of 26,018 units in the first quarter of 2022, representing 7.7% of the total unit registrations for that period. Around 75% of the newly registered electric vehicles were battery electric vehicles (BEVs) during this period of increased demand. Thus, the surge in the sales of EVs and the high production of automobiles are propelling the growth of the market.
The US market dominated the North America Automotive Power Modules Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,098.8 Million by 2030. The Canada market is experiencing a CAGR of 20.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 19.7% during (2023 - 2030).
Based on Type, the market is segmented into Si IGBTs and SiC MOSFETs. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Application, the market is segmented into Traction Inverter, DC-DC Converter and On-Board Charger. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- Fuji Electric Co. Ltd.
- STMicroelectronics N.V.
- Monolithic Power Systems, Inc.
- The Danfoss Group
- Robert Bosch GmbH
- Hitachi, Ltd.
- Rohm Co., Ltd.
- WOLFSPEED, INC.
By Type
- Si IGBTs
- SiC MOSFETs
- Passenger Cars
- Commercial Vehicles
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Traction Inverter
- DC-DC Converter
- On-Board Charger
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Automotive Power Modules Market, by Type
- 1.4.2 North America Automotive Power Modules Market, by Vehicle Type
- 1.4.3 North America Automotive Power Modules Market, by Propulsion Type
- 1.4.4 North America Automotive Power Modules Market, by Application
- 1.4.5 North America Automotive Power Modules Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Feb – 2023, Nov) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Automotive Power Modules Market, By Type
- 5.1 North America Si IGBTs Market, By Country
- 5.2 North America SiC MOSFETs Market, By Country
- Chapter 6. North America Automotive Power Modules Market, By Vehicle Type
- 6.1 North America Passenger Cars Market, By Country
- 6.2 North America Commercial Vehicles Market, By Country
- Chapter 7. North America Automotive Power Modules Market, By Propulsion Type
- 7.1 North America Battery Electric Vehicle (BEV) Market, By Country
- 7.2 North America Hybrid Electric Vehicle (HEV) Market, By Country
- Chapter 8. North America Automotive Power Modules Market, By Application
- 8.1 North America Traction Inverter Market, By Country
- 8.2 North America DC-DC Converter Market, By Country
- 8.3 North America On-Board Charger Market, By Country
- Chapter 9. North America Automotive Power Modules Market, By Country
- 9.1 US Automotive Power Modules Market
- 9.1.1 US Automotive Power Modules Market, By Type
- 9.1.2 US Automotive Power Modules Market, By Vehicle Type
- 9.1.3 US Automotive Power Modules Market, By Propulsion Type
- 9.1.4 US Automotive Power Modules Market, By Application
- 9.2 Canada Automotive Power Modules Market
- 9.2.1 Canada Automotive Power Modules Market, By Type
- 9.2.2 Canada Automotive Power Modules Market, By Vehicle Type
- 9.2.3 Canada Automotive Power Modules Market, By Propulsion Type
- 9.2.4 Canada Automotive Power Modules Market, By Application
- 9.3 Mexico Automotive Power Modules Market
- 9.3.1 Mexico Automotive Power Modules Market, By Type
- 9.3.2 Mexico Automotive Power Modules Market, By Vehicle Type
- 9.3.3 Mexico Automotive Power Modules Market, By Propulsion Type
- 9.3.4 Mexico Automotive Power Modules Market, By Application
- 9.4 Rest of North America Automotive Power Modules Market
- 9.4.1 Rest of North America Automotive Power Modules Market, By Type
- 9.4.2 Rest of North America Automotive Power Modules Market, By Vehicle Type
- 9.4.3 Rest of North America Automotive Power Modules Market, By Propulsion Type
- 9.4.4 Rest of North America Automotive Power Modules Market, By Application
- Chapter 10. Company Profiles
- 10.1 Infineon Technologies AG
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.5.3 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
- 10.2 Mitsubishi Electric Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.5.2 Product Launches and Product Expansions:
- 10.2.6 SWOT Analysis
- 10.3 Fuji Electric Co. Ltd.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 SWOT Analysis
- 10.4 STMicroelectronics N.V.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.6 SWOT Analysis
- 10.5 Monolithic Power Systems, Inc.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 SWOT Analysis
- 10.6 The Danfoss Group
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Product Launches and Product Expansions:
- 10.6.5.2 Acquisition and Mergers:
- 10.6.6 SWOT Analysis
- 10.7 Robert Bosch GmbH
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.6 SWOT Analysis
- 10.8 Hitachi, Ltd.
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 Recent strategies and developments:
- 10.8.5.1 Partnerships, Collaborations, and Agreements:
- 10.8.5.2 Product Launches and Product Expansions:
- 10.8.6 SWOT Analysis
- 10.9 Rohm Co., Ltd.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.6 SWOT Analysis
- 10.10. WOLFSPEED, INC.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Regional Analysis
- 10.10.4 Recent strategies and developments:
- 10.10.4.1 Partnerships, Collaborations, and Agreements:
- 10.10.5 SWOT Analysis
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