Thursday, 12 January 2023 12:33 PM
Company Update
WILMINGTON, DE / ACCESSWIRE / January 12, 2023 / Transparency Market Research Inc. - The global BCD power IC market is projected to expand at a CAGR of 6.9% from 2022 to 2031, as per the market forecast presented in the research report by Transparency Market Research (TMR).
BCD Power IC Market: Key Findings
- Adoption of BCD technology has been rising of late owing to its ability to offer high power density in smaller spaces. BCD ICs can work in higher levels of voltage and current compared to those manufactured using other processes such as NMOS or CMOS. Hence, adoption of BCD ICs is rising in automotive systems and portable electronics, where high level of power efficiency is required. Key advantages of BCD technology include outstanding performance at high temperatures and cost-effectiveness. Thus, increase in adoption of the technology is anticipated to fuel the global market demand during the forecast period.
- Demand for electronic products has been rising in the consumer electronics sector since the past few years. Usage of electronic gadgets and mobile devices has been increasing owing to the growth in penetration and adoption of 5G and associated network technologies across the globe. A 5G smartphone can hold around eight power-management chips as opposed to two to three in a 4G phone. Hence, increase in sales of consumer electronics is likely to drive BCD power IC industry growth in the next few years.
- Usage of ICs has increased over the last few years due to rapid growth in the IT & telecommunications sector. Need for connectivity devices is anticipated to increase in the near future. This is projected to create significant business growth opportunities during the forecast period.
- Graphics processing units (GPUs) and advanced driver-assistance system (ADAS) are considered key parts of autonomous vehicles and electric vehicles. Therefore, demand for power management solutions is high in the automotive sector. Companies are increasingly investing in the silicon wafer technology due to the rise in trend of electrification in vehicles. Key reasons for electrification in vehicles include reduction of carbon emissions, decrease in dependence on fossil fuels, and improvement in performance and efficiency of vehicles. Governments of several countries have implemented strict regulations on vehicle emissions and electrification. This is anticipated to create significant opportunities for the global industry during the forecast period.
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BCD Power IC Market: Growth Drivers
- Increase in adoption of electric vehicles is anticipated to boost market development in the near future
- Rise in adoption of smart homes and wearable devices is bolstering market growth
Regional Analysis
- Market outlook for Asia Pacific appears positive due to rapid growth in the consumer electronics sector and presence of key players in the region
- Companies are expected to gain significant business opportunities in Europe in the next few years owing to the increase in focus on development of energy-efficient devices, enactment of strict regulations pertaining to energy, and expansion of industrial and automotive sectors
Competition Landscape
- Players are increasing their R&D activities to develop dependable and sturdy BCD power ICs that can provide improved performance under unfavorable operating conditions such as high voltage transients and high temperatures
- Companies are adopting strategies such as mergers and new product launches to increase their market share and stay ahead of the competition
- They are focusing on expanding their production capabilities to meet the present market demand
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BCD Power IC Market: Key Players
- Dialog Semiconductor Plc (Renesas Electronics Corporation)
- Diodes Incorporated
- Magnachip
- Infineon Technologies AG
- Semiconductor Components Industries, LLC
- NXP Semiconductors
- STMicroelectronics
- Rohm Co., Ltd.
- Vishay Intertechnology, Inc.
- Texas Instruments Incorporated
- Toshiba Electronic Devices & Storage Corporation
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BCD Power IC Market Segmentation
- Process Node
- Below 40 nm
- 40 nm
- 90 nm
- 0.13 µm
- 0. 16 µm
- 0.18 µm
- 0.30 µm
- Above 0.30 µm
- Process
- High-voltage BCD
- High-density BCD
- Application
- Motor Drivers
- Power Management (IC)
- DC-DC Converters
- LED Drivers
- Communication Devices
- Others
- End-use Industry
- Automotive
- Consumer Electronics
- IT & Telecommunications
- Media & Entertainment
- Aerospace & Defense
- Power & Utilities
- Others
Regions Covered
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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