Power Semiconductors - Global Market Trajectory & Analytics

Global Power Semiconductors Market to Reach $583.3 Million by 2027

Amid the COVID-19 crisis, the global market for Power Semiconductors estimated at US$207.1 Million in the year 2020, is projected to reach a revised size of US$583.3 Million by 2027, growing at a CAGR of 15.9% over the analysis period 2020-2027. Consumer Electronics, one of the segments analyzed in the report, is projected to record a 13.2% CAGR and reach US$128 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aerospace & Defense segment is readjusted to a revised 19.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $55.9 Million, While China is Forecast to Grow at 20.2% CAGR

The Power Semiconductors market in the U.S. is estimated at US$55.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$131.2 Million by the year 2027 trailing a CAGR of 20.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 13.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

IT & Telecom Segment to Record 16.4% CAGR

In the global IT & Telecom segment, USA, Canada, Japan, China and Europe will drive the 15.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$26.5 Million in the year 2020 will reach a projected size of US$72.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$90.8 Million by the year 2027, while Latin America will expand at a 18.2% CAGR through the analysis period.

Select Competitors (Total 35 Featured):

• ABB
• Broadcom Inc.
• Cree Inc.
• Fairchild SemiconductoR
• Fuji Electric Co. Ltd
• Hitachi
• Infineon technologies AG
• Mitsubishi Electric Corporation
• NXP semiconductor Inc.
• ON Semiconductor Corporation
• Renesas Electronic Corporation
• Semikron International
• ST Microelectronics N.V
• Texas instruments Inc.
• Toshiba Corporation
• United Silicon Carbide Inc.