Market Insight

Annual Power Semiconductor Market Share Report 2017 – The power semiconductor market recovered in 2016

August 30, 2017

Richard Eden Richard Eden Principal Analyst, Power Semiconductors
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Highlights

  • In 2016, the global market of power semiconductors (discretes, modules and power ICs) increased by 3.5% to $35.1 billion, from $33.9 billion in 2015. This followed a like-for-like decrease of 2.6% in 2015.
  • Revenues from discrete power semiconductors increased by 5.9%; from power modules by 3.5%; and from power ICs by 2.1%.
  • The leading supplier in 2016 was again Infineon Technologies. Infineon remained the leading supplier of both discrete power semiconductors and power modules; but reinforced its overall dominance by climbing to be the second largest supplier of power ICs.

Insights

  • Texas Instruments had previously been the market leader for all power semiconductor types combined because of its dominant position in the power IC market; but was overtaken by Infineon in 2015. It held second place again in 2016.
  • Following completion of its acquisition of Fairchild Semiconductor in September 2016, ON Semiconductor’s rank in the total power semiconductor market jumped to third.  Its share of the discrete power semiconductor market more than doubled to >10%, pushing it up to second place behind Infineon.
  • In 2016, the market for power semiconductors increased from 2015 in all five geographic regions:
  • In Europe, Middle East, and Africa (EMEA), total power semiconductor revenues increased by 2.8%.
  • In the Americas, total power semiconductor revenues grew by 1.2%.
  • The market in China increased by 4.9%, in Japan by 4.6%, and in the Rest of Asia by 2.5%.

Discrete power semiconductors

  • The discrete power semiconductor market was worth an estimated $11.8 billion in 2016, an increase of 5.9% from 2015. Power MOSFETs accounted for the most revenues, an estimated 49% of the total.
  • Of the major suppliers of discrete power semiconductors, Infineon Technologies maintained its first place in the ranking again in 2016.
  • ON Semiconductor climbed to second place, gaining almost six percentage points of share, because of its acquisition of Fairchild Semiconductor. On the face of it, the businesses made many similar product families, but, in fact, the two product ranges complemented each other, rather than competed. These product synergies allowed ON Semi to hold almost all of Fairchild’s business without cannibalization. 

Power modules

  • The power module market was worth an estimated $4.1 billion in 2016, an increase of 3.5% from 2015. Standard IGBT modules accounted for the most revenues, an estimated 46% of the total.
  • Following its acquisition of International Rectifier in early 2015, Infineon Technologies overtook Mitsubishi Electric to become the leading power module manufacturer in 2015. In 2016, it extended its lead, increasing its share by 0.9 percentage points.
  • Mitsubishi lost market share because, in part, of the temporary closure of its Kumamoto power module production plant following an earthquake in April 2016.
  • Fuji Electric climbed to third place in 2016, above Semikron, which slipped to fourth.
  • Once again, the top four suppliers took almost 60% of the total power module market. However, having acquired Fairchild, ON Semiconductor has established itself firmly in fifth place in the power module market ranks.

Power ICs

  • The power IC market was worth an estimated $19.2 billion in 2016, an increase of 2.1% from 2015. The power management IC (PMIC) category was the largest, with 7% of the power IC market.
  • Texas Instruments is the market leader for power ICs, holding around 14% of the total market in 2016.
  • Infineon Technologies held second place, with almost 8% market share. The company with the fastest growing market share is ON Semiconductor, which climbed to third place (almost 7% share), following the integration of Fairchild Semiconductor.

IHS Markit Power Semiconductor Intelligence Service explores the latest trends and challenges affecting the current and future market for power semiconductor devices, modules and Power ICs, and the applications using them. For more information, contact the sales department at IHS Markit in the Americas at +1 844 301 7334 or AmericasLeads@ihsmarkit.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or technology_emea@ihsmarkit.com; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihsmarkit.com.

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