New Packages And Materials For Power Devices Market

By Type;

Power Transistors, Power Diodes, Thyristors and Integrated Circuits (ICs)

By Application;

Consumer Electronics, Automotive, Industrial Automation and Telecommunications

By Technology;

Silicon-Based Devices, Wide Bandgap Semiconductors and Hybrid Technology

By End User;

Consumer Electronics Manufacturers, Automotive Industry, Telecommunication Service Providers and Industrial Equipment Producers

By Form Factor;

Discrete Components, Module Packages and System-in-Package (SiP)

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn431755262 Published Date: September, 2025 Updated Date: October, 2025

New Packages And Materials For Power Devices Market Overview

New Packages And Materials For Power Devices Market (USD Million)

New Packages And Materials For Power Devices Market was valued at USD 2816.40 million in the year 2024. The size of this market is expected to increase to USD 5148.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.0%.


New Packages And Materials For Power Devices Market

*Market size in USD million

CAGR 9.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.0 %
Market Size (2024)USD 2816.40 Million
Market Size (2031)USD 5148.48 Million
Market ConcentrationMedium
Report Pages359
2816.40
2024
5148.48
2031

Major Players

  • Stmicroelectronic
  • Exagan
  • Efficient Power Conversion Corporation
  • Littelfuse
  • On Semiconductor
  • Nxp Semiconductors
  • Infineon Technologies AG
  • Rohm Semiconducto
  • Remtec, Inc
  • Mitsubishi Electric Corporation
  • Amkor Technology
  • Orient Semiconductor Electronics Ltd
  • Semikron

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

New Packages And Materials For Power Devices Market

Fragmented - Highly competitive market without dominant players


The New Packages And Materials For Power Devices Market is growing as the need for efficient, compact, and thermally stable power systems increases. With around 45% of power device developments now centered on packaging and material improvements, these solutions are becoming essential for next-generation energy and electronic technologies. Their ability to deliver durability, high performance, and miniaturized designs makes them critical for modern applications.

Technological Advancements
Advances in SiC, GaN, innovative substrates, and advanced packaging structures are driving market growth. Nearly half of power device modules already incorporate these materials, enabling higher switching speeds, superior thermal conductivity, and increased power density. These features are vital for improving reliability and meeting rising performance requirements.

Efficiency and Thermal Management
Next-gen packaging provides up to 35% improved heat dissipation compared to traditional systems. Added features like lower energy loss, stronger stability, and better scalability allow devices to handle more demanding applications while maintaining compact designs.

Expanding Applications
Adoption is strong in electric vehicles, renewable energy, industrial electronics, and consumer devices, with over 60% of EV power units now adopting SiC and GaN-based modules. Their ability to support lightweight, efficient, and durable solutions underscores their adaptability in multiple industries.

Future Outlook
More than 55% of next-gen power systems will rely on advanced packaging and material technologies. From renewable infrastructure to autonomous technologies, these innovations will ensure greater efficiency, improved durability, and long-term sustainability, reinforcing their role in powering the future of electronics.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Technology
    4. Market Snapshot, By End User
    5. Market Snapshot, By Form Factor
    6. Market Snapshot, By Region
  4. New Packages And Materials For Power Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Efficient Power Devices

        2. Miniaturization and Integration Trends

        3. Increasing Focus on Renewable Energy

        4. Growth in Electric Vehicles (EVs) Market

      2. Restraints
        1. Market Fragmentation

        2. Intellectual Property Issues

        3. Supply Chain Vulnerabilities

        4. Standards and Certification Hurdles

      3. Opportunities
        1. Increased Efficiency

        2. Sustainable Materials

        3. Expanded Applications

        4. Collaborative Innovation

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. New Packages And Materials For Power Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Power Transistors
      2. Power Diodes
      3. Thyristors
      4. Integrated Circuits (ICs)
    2. New Packages And Materials For Power Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Automotive
      3. Industrial Automation
      4. Telecommunications
    3. New Packages And Materials For Power Devices Market, By Technology, 2021 - 2031 (USD Million)
      1. Silicon-Based Devices
      2. Wide Bandgap Semiconductors
      3. Hybrid Technology
    4. New Packages And Materials For Power Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Consumer Electronics Manufacturers
      2. Automotive Industry
      3. Telecommunication Service Providers
      4. Industrial Equipment Producers
    5. New Packages And Materials For Power Devices Market, By Form Factor, 2021 - 2031 (USD Million)
      1. Discrete Components
      2. Module Packages
      3. System-in-Package (SiP)
    6. New Packages And Materials For Power Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape

    1. Company Profiles
      1. Amkor Technology
      2. ASE Group
      3. TTM Technologies
      4. Advanced Semiconductor Engineering (ASE) Inc.
      5. Samsung Electro-Mechanics
      6. STMicroelectronics
      7. Texas Instruments
      8. Infineon Technologies
      9. ON Semiconductor
      10. NXP Semiconductors
      11. Microchip Technology
      12. Powertech Technology Inc.
      13. SPIL (Siliconware Precision Industries)
      14. Jiangsu Changjiang Electronics Technology Co., Ltd.
      15. Renesas Electronics Corporation
  7. Analyst Views

  8. Future Outlook of the Market