Asia-Pacific Power Transistor Market Size

Asia-Pacific Power Transistor Market Analysis

The Asia-Pacific power transistor market was valued at USD 15.57 billion in 2022 and is expected to reach USD 20.35 million in the next five years, registering a CAGR of 5.5%.

• Power electronics are widely used in consumer electronics to regulate and control the flow of electrical power. It is a crucial component in consumer electronics as their application includes enhancing the performance and utility of consumer electronics devices by increasing power efficiency, reducing size and system cost, and sleeker designs.
• The Asia Pacific is the fastest-growing region in the power transistors markets, owing to the presence of major companies, such as Toshiba Corporation and Mitsubishi Electric Corporation, among others. China, Japan, Taiwan, and South Korea are major countries with a significant market share.
• The region also contributes a substantial market for smartphones and 5G technology; it is also witnessing a rise in investments in automotive (especially electric vehicles (EVs)). For instance, GaN Systems, a gallium nitride power semiconductor manufacturer, signed a comprehensive capacity agreement with BMW for the company's gallium nitride (GaN) power transistors, designed to increase the efficiency and power density of critical applications in EVs.
• The rise in electronic equipment manufacturing across the region to cater to the rising demand for electric vehicles, consumer electronics, and energy & power is expected to foster growth in the power transistor market.
• China contributes significantly to the semiconductor market. The surging demand for electric vehicles will propel the use of semiconductors in the Electric vehicle.
• The consumption of semiconductors is rapidly growing in Japan, South Korea, and China, compared to other countries in the region, due to the continuing transfer of diverse electronic equipment to China. In addition, the presence of the world's top five largest consumer electronics sectors is based in China, posing enormous opportunities for semiconductor adoption across the region in the estimated timeframe.
• The outbreak of COVID-19 across the globe significantly disrupted the supply chain and production of the market studied in the initial phase of 2020. Many end-user industries of the market were also affected due to the pandemic, which negatively impacted the market. However, with many COVID-19-related restrictions easing in 2022, the demand for many products incorporating MOSFETs and IGBTs picked up, thereby positively influencing the market.