Power Semi Market A $Billion+ Bet

A recent report published by Transparency Market Research indicates the global power semiconductor market is likely to attain a valuation of $54.88 billion by the end of 2025. During the forecast period, between 2017 and 2025, the power semiconductor market is expected to progress at a steady CAGR of 5.1%.

 

Notable Points

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  • Prominent players in the power semiconductor market are ON Semiconductor, Texas Instruments, Fuji Electric Co. Ltd., Mitsubishi Electric Group, and ST Microelectronics N.V.
  • Demand for power semiconductors is seen largely in the automotive industry.
  • Growing demand for compact products and services has further augmented the demand for power semiconductors.
  • Rising use of advanced computer systems, propagation and satellite systems, and broadband wireless techniques are also expected to expand the global power semiconductor market soon.
  • Limited technological advancements to deter market's performance.

 

For more details, request a sample of the “Power Semiconductor Market” report.

 

Transparency Market Research

Albany NY

518-618-1030

866-552-3453

[email protected]

https://www.transparencymarketresearch.com

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