According to our (Global Info Research) latest study, the global IGBT and SiC Module for Automotive market size was valued at USD 4899.9 million in 2022 and is forecast to a readjusted size of USD 17510 million by 2029 with a CAGR of 20.0% during review period.
This report studies the IGBT modules and Silicon Carbide (SiC) Modules for EV (Electric Vehicle), used in Main Inverter (Electric Traction), OBC and DC-DC.
An IGBT Power Module is a power semiconductor component used in power electronic devices in several industries as they have high-power efficiency, high blocking voltage, and ability to work in low power. An IGBT Power Module is formed by arranging several IGBTs in parallel in a single casing.
Silicon carbide as a semiconductor has a wide band-gap, used in MOSFET it has very low switching losses and therefore allows higher switching frequencies compared to regular silicon devices. At the same time, it can be operated at higher temperatures and at higher voltages compared to traditional Si semiconductors. The use of SiC power semiconductors is expected to grow exponentially due to its crucial efficiency characteristics that enables cost reductions while at the same time improving system performance in a variety of applications such as EV chargers, solar inverters, e-mobility, and motor drives.
The global key players of IGBT Power Module include Infineon, Mitsubishi Electric (Vincotech), Fuji Electric, Semikron Danfoss, StarPower Semiconductor, BYD, and Zhuzhou CRRC Times Electric, etc. The global six biggest players hold a share of 77 %.
The key players of SiC MOSFET modules are STMicroelectronics, Infineon, Wolfspeed, Rohm, Onsemi, BYD Semiconductor, Microchip (Microsemi), Mitsubishi Electric (Vincotech) and Semikron Danfoss, etc. The top three players hold a share over 70 percent in 2022.
The Global Info Research report includes an overview of the development of the IGBT and SiC Module for Automotive industry chain, the market status of Main Inverter (Electric Traction) (Automotive IGBT Modules, Automotive SiC Modules), OBC (Automotive IGBT Modules, Automotive SiC Modules), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of IGBT and SiC Module for Automotive.
Regionally, the report analyzes the IGBT and SiC Module for Automotive markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global IGBT and SiC Module for Automotive market, with robust domestic demand, supportive policies, and a strong manufacturing base.
The report presents comprehensive understanding of the IGBT and SiC Module for Automotive market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the IGBT and SiC Module for Automotive industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Automotive IGBT Modules, Automotive SiC Modules).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the IGBT and SiC Module for Automotive market.
Regional Analysis: The report involves examining the IGBT and SiC Module for Automotive market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the IGBT and SiC Module for Automotive market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to IGBT and SiC Module for Automotive:
Company Analysis: Report covers individual IGBT and SiC Module for Automotive manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards IGBT and SiC Module for Automotive This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Main Inverter (Electric Traction), OBC).
Technology Analysis: Report covers specific technologies relevant to IGBT and SiC Module for Automotive. It assesses the current state, advancements, and potential future developments in IGBT and SiC Module for Automotive areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the IGBT and SiC Module for Automotive market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
IGBT and SiC Module for Automotive market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Automotive IGBT Modules
Automotive SiC Modules
Market segment by Application
Main Inverter (Electric Traction)
DC/DC Converter for EV/HEV
Major players covered
Mitsubishi Electric (Vincotech)
Hitachi Power Semiconductor Device
Zhuzhou CRRC Times Electric
Guangdong AccoPower Semiconductor
Grecon Semiconductor (Shanghai) Co., Ltd
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe IGBT and SiC Module for Automotive product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of IGBT and SiC Module for Automotive, with price, sales, revenue and global market share of IGBT and SiC Module for Automotive from 2018 to 2023.
Chapter 3, the IGBT and SiC Module for Automotive competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the IGBT and SiC Module for Automotive breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and IGBT and SiC Module for Automotive market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of IGBT and SiC Module for Automotive.
Chapter 14 and 15, to describe IGBT and SiC Module for Automotive sales channel, distributors, customers, research findings and conclusion.