Hi-Rel Markets Fuel Power Semiconductor Growth
Phoenix, Ariz. – After two years of stalled growth, the global power semiconductor market grew nearly seven percent in 2014, reaching $32 billion, thanks to increased demand in the industrial and automotive markets, according to IHS Inc.
The market research firm forecasts the power IC market to continue on its growth path, increasing sales by five to seven percent in 2015. The power semiconductor market consists of MOSFETs, IGBTs, thyristors, rectifiers, regulators, interfaces and other analog ICs used for power management.
Higher demand in 2014 was led by an increase in power semiconductors used in powertrain, infotainment and advanced driver assistance systems (ADAS) applications in automotive applications, according to the IHS Power Management Competitive Landscaping Tool (PMCLT) part of the IHS Power Management Intelligence Service. In the industrial area, the fastest growth drivers included home control, automation, and energy generation and distribution. Other markets, including consumer, data processing, wired and wireless communication had overall weaker demand in 2014 compared to the previous year.