Intelligent Power Switches Market Share

North American Market Forecast

Intelligent power switches market in North America is anticipated to have largest revenue share of about 28% during the forecast period. The allocation factor is based on the fact that a number of organisations are focusing on innovation and using advanced technology to enhance the efficiency of current intelligent power switches, funded by both State and Federal industrial funds. For instance, the Consumer Technology Association (CTA) projects that the U.S. consumer technology industry will bring in over USD 505 billion in retail sales revenue in 2022, an increase of 2.8% in revenue from 2021.

APAC Market Statistics

Asia Pacific region is expected to hold 25% share of the global intelligent power switches market by 2036. The growth in this market has been driven by different pockets of algorithmic improvements and improved reliability for their intelligent power switches. The region is expected to generate potential in the market for intelligent switches over the next few years.

Frequently Asked Questions (FAQ)

Rising trend of miniaturization in electronic devices and rising electric vehicles are the major factors driving the growth of the intelligent power switches market.

The market size of intelligent power switches is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Fairchild Semiconductor International, Inc., Microchip Technology Inc., Infineon Technologies AG, SCHUKAT electric, STMicroelectronics, Texas Instruments Incorporated, TOREX SEMICONDUCTOR LTD., ON Semiconductor, and others.

The high side switches segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Intelligent Power Switches Market Share