Market Trends of Asia-Pacific Small Signal Transistor Industry
Automotive and Charging Infrastructure is Expected to Witness Significant Growth
- The new automotive features and functionality due to autonomous vehicle technologies, vehicle-to-vehicle (V2V) communications, advanced driver-assistance systems (ADAS), and other safety and sensing systems, like backup cameras and lane-departure detectors, are driving the demand for electronic components in automotive applications.
- Small signal transistors are used in the engine control module (ECM) to regulate fuel injection, ignition timing, and other engine functions. The ECM uses these transistors to switch the injector and ignition coils on and off based on the input from various sensors.
- Moreover, these transistors are used in power management circuits to regulate the voltage and current supplied to various components in the vehicle. These circuits use small signal transistors to switch between different voltage levels, control the charging of the battery, and manage power consumption.
- The increasing demand for electric vehicles and the need for better charging infrastructure is further boosting the market growth. Small signal transistors are used in power electronics that control the flow of electricity from the grid to the electric vehicle (EV) battery. These circuits use small signal transistors to switch between different voltage levels, control the charging rate, and protect against overloading and short circuits.
- Various government initiatives for the faster deployment of charging infrastructure are further expected to augment the market growth. As per the Union Minister of Power and New and Renewable Energy, the government aims to install a total of 46,397 public charging stations for electric vehicles in nine major cities by the end of the decade. The Bureau of Energy Efficiency (BEE) has prepared an action plan for the installations. The country currently has only about 5,254 public charging station (PCS) under operation.
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India is Expected to Show a Significant Growth
- India is one of the most important markets for small signal transistors owing to the growing automotive industry and the rising demand for consumer electronics in the region. Moreover, the expanding rail network is further anticipated to create market growth.
- As of Dec 2022, the Indian Railway completed 2,022 track kilometers (TKM) which include 109 TKM of New Line, 102 TKM of gauge conversion, and 1,811 TKM of multi-tracking projects.
- Moreover, the Indian Railway has prepared a National Rail Plan (NRP) 2030 to create a 'future ready' railway system. The NRP aims to formulate strategies based on operational capacities and commercial policy initiatives to increase the modal share of the Railways in freight to 45%.
- As part of the NRP, Vision 2024 has been launched for accelerated implementation of certain critical projects by 2024, such as multi-tracking of congested routes, 100% electrification, upgradation of speed to 130kmph on all other Golden Quadrilateral-Golden Diagonal (GQ/GD) routes, upgradation of speed to 160 kmph on Delhi-Howrah and Delhi-Mumbai routes, and elimination of all Level Crossings on all GQ/GD route. Such developments are expected to create a market demand over the forecast period.
- Additionally, the increasing automotive sales are further expected to boost the market growth. For instance, as per the Society of Indian Automobile Manufacturers, around 13.47 million two-wheelers were sold in India in 2022, along with 3.07 million passenger vehicles and 0.72 million commercial vehicles.
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