Global Automotive Intelligent Power Module (IPM) Market Growth 2025-2031

The global Automotive Intelligent Power Module (IPM) market size is predicted to grow from US$ 172 million in 2025 to US$ 342 million in 2031; it is expected to grow at a CAGR of 12.1% from 2025 to 2031.

An Automotive Intelligent Power Module (IPM) is a specialized semiconductor device designed to control and drive high-power electrical systems in automotive applications. IPMs are specifically engineered to meet the stringent requirements of the automotive industry, where reliability, efficiency, and compactness are of paramount importance. These modules are used to control various power-driven systems within vehicles, including electric powertrains, hybrid systems, electric steering, HVAC (Heating, Ventilation, and Air Conditioning), and more.

The market for Automotive Intelligent Power Modules (IPMs) was experiencing significant growth due to the increasing adoption of electric and hybrid vehicles, as well as the overall trend toward vehicle electrification. The automotive industry"s shift toward cleaner and more energy-efficient technologies has driven the demand for efficient power electronics solutions like IPMs. These modules play a crucial role in electric powertrains, hybrid systems, and other power-driven components in vehicles.

Here are some trends and factors that were influencing the Automotive Intelligent Power Module market up to that point:

Electrification of Vehicles: The global automotive industry was undergoing a significant transformation with the rise of electric and hybrid vehicles. Automotive IPMs were essential components in electric powertrains and hybrid systems, facilitating efficient motor control and power conversion.

Stringent Emission Regulations: Stringent emission regulations and fuel efficiency targets in various regions were driving automakers to develop electric and hybrid vehicles. This trend bolstered the demand for IPMs to enable energy-efficient operation.

Increased Power Electronics Integration: As vehicles integrated more power electronics for various functions, the demand for compact, reliable, and high-performance IPMs grew. These modules are used in multiple applications within electrified vehicles.

Energy Efficiency and Range Optimization: IPMs played a vital role in achieving energy efficiency and maximizing the driving range of electric and hybrid vehicles by ensuring efficient power conversion and motor control.

Growing Demand for Electric Motors: The increasing adoption of electric motors in various automotive applications, such as power steering, HVAC systems, and auxiliary systems, contributed to the demand for IPMs.

Technological Advancements: Semiconductor manufacturers continued to innovate, enhancing the performance, efficiency, and reliability of Automotive IPMs to meet the unique requirements of automotive applications.

Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV) Growth: The shift towards BEVs and PHEVs in response to consumer demand and government incentives was driving the use of IPMs in these vehicles.

Supply Chain and Material Challenges: Similar to other semiconductor components, the IPM market faced supply chain challenges due to factors like the COVID-19 pandemic, semiconductor shortages, and materials availability.

Automotive Safety Standards: Automotive IPMs were required to meet stringent safety and quality standards to ensure the overall safety and reliability of vehicles.

Global Market Expansion: The demand for Automotive IPMs was not limited to specific regions, with growth observed in both established automotive markets and emerging markets.

Partnerships and Collaborations: Semiconductor companies collaborated with automakers and other industry stakeholders to develop customized IPM solutions that met specific vehicle requirements.

Cost Competitiveness: As the electric vehicle market matured, achieving cost competitiveness while maintaining quality became a key focus, influencing the pricing and adoption of IPMs.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Intelligent Power Module (IPM) Industry Forecast” looks at past sales and reviews total world Automotive Intelligent Power Module (IPM) sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Intelligent Power Module (IPM) sales for 2025 through 2031. With Automotive Intelligent Power Module (IPM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Intelligent Power Module (IPM) industry.

This Insight Report provides a comprehensive analysis of the global Automotive Intelligent Power Module (IPM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Intelligent Power Module (IPM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Intelligent Power Module (IPM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Intelligent Power Module (IPM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Intelligent Power Module (IPM).

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Intelligent Power Module (IPM) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
IGBT Based IPM
MOSFET Based IPM

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
ON Semi
Infineon Technologies
Fuji Electric
Semikron Danfoss
ROHM
STMicroelectronics
Hangzhou Silan
Jilin Sino-Microelectronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Intelligent Power Module (IPM) market?

What factors are driving Automotive Intelligent Power Module (IPM) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Intelligent Power Module (IPM) market opportunities vary by end market size?

How does Automotive Intelligent Power Module (IPM) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.