Intelligent Power Module Market by Power Device (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Others), by Voltage (Up To 600V, 601V - 1, 200V, Above 1, 200V), by Current Rating (Up to 100A, 101A to 600A, Above 600A), by Circuit Configuration (6-Pack, 7-Pack, Bridge, Others), by Industry Vertical (Industrial, Consumer Electronics, Transportation, IT and Telecommunications, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Increase in demand for electric vehicles and aggrandized need for high voltage operating devices have led to the higher adoption of intelligent power modules in the industrial sector, automotive industry, consumer electronics, and other industry verticals. Intelligent power modules with application-specific and innovative insulated-gate bipolar transistors (IGBTs) and metal-oxide-semiconductor field-effect transistors (MOSFETs) are expected to provide considerable opportunities to market players during the forecast period. The global intelligent power module market is highly competitive, owing to the strong presence of existing vendors. These vendors have access to extensive technical and financial resources, and are anticipated to use them to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in the market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Rise in demand for process control and automation solutions across industrial sectors globally is driving the need for next generation intelligent power module products. Moreover, prime economics, such as the U.S., China, Germany, and Japan, plan to develop and deploy next generation intelligent power module solutions across various sectors such as automotive, manufacturing, healthcare, and hospitality, which is anticipated to provide further lucrative opportunities for market growth.