Energy & Power

New Packages and Materials for Power Devices Market

By Segment, By Region, And Segment Forecasts, 2015 – 2023

Vertical: EnPBase Year: 201610 Sections

Executive Summary

New Packages and Materials for Power Devices Market — Snapshot

  • Market Size (2015)

    2015

    $163.50M

  • Projected (2023)

    2023

    $2.57B

  • CAGR (2015–2023)

    41.1%

    41.1%
  • Key Players

    112+

Power devices including power diodes, power transistors, silicon-controlled rectifiers (SCR), metal-oxide-semiconductor field-effect transistor (MOSFET), insulated-gate bipolar transistor (IGBT), medium-chain triglyceride (MCT), triode for alternating current (TRIAC), and Diode alternating current (DIAC) form an integral part of the power electronics industry. Due to its switching capabilities and high-power efficiency these power devices are widely used in electric circuits. In power devices, materials such as GaN (Gallium Nitride) and SiC (Silicon carbide) are used in advanced packaging technologies to help the power devices withstand high voltage and high temperature power circuits.

This report covers brief information on new packages and materials used in the power devices. There is requirement of power devices with high-voltage, high-efficiency, and high-power density due to the increased energy production in industrial and automotive sector. New materials such as GaN and SiC have created an opportunity for the power devices market to attract the most significant semiconductor players. Additionally, power devices packages such as chip-scale packaging, wire bonding packaging, and hermetic packaging have contributed to the growth of new package & material in power devices market. Primarily, the new packages and materials for power devices have their dominance in automotive systems, building systems, and wireless systems. For instance, the on-going developments in energy saving power semiconductor devices have enabled rapid industrialization, and in high-efficiency energy systems, such as energy management systems, and solar power systems, next-generation SiC material is used for energy saving in electric vehicles.

The new packages and materials for power devices is projected to progress at 42.57% CAGR during the forecast period and is expected to be valued at USD 2,567.2 million by 2023. Asia-Pacific region accounts for the largest market share of 50.35% and is very closely followed by North America region with 22.68%.

The global market for new packages and materials for power devices is segmented based on package, material, end use and regions. On the basis of package, the market is classified into chip-scale packaging, wire bonding packaging, and others (Hermetic packaging and Cu clip packaging). On the basis of material, global new packages and materials for power devices is segmented into SiC, GaN, and Gallium Arsenide (GaAs). On the basis of end-use, the segments considered are automotive, telecommunications and computing (computing and telecommunication, datacenters, gaming systems, and cryptocurrency), electronics, industrial, and others (aerospace & defense, EV charging stations, and energy generation and storage).

Market Size

· 2017: USD 312.0 Million

· 2023: USD 2,567.2 Million

CAGR

· 42.57%

Key Geographies

· Asia Pacific: 50.35%

· North America: 22.68%

· Europe: 15.59%

Key Leading Countries

· China

· South Korea

· US

· Germany

Key Market Drivers

· Application in High Voltage and Medium Voltage Power Devices

· Adoption of GaN-Based Power Devices in Industries such as Military and Aerospace

· Popularity of GaAs Photonics in the Electronics Sector

· Need for Miniaturization in Semiconductor Devices

Key Vendors

· NXP Semiconductors

· Infineon Technologies AG

· ROHM Semiconductor

· ON Semiconductor

· Mitsubishi Electric Corporation

Key Insight

The New Packages and Materials for Power Devices Market market is projected to grow at a CAGR of 41.1% from 2015 to 2023.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: North America, Europe, Asia Pacific, Rest of the World.
  • Market Segmentation: The market is analyzed across 2 segments: Packages, Material. Forecasts are provided for each segment from 2015 to 2023.
  • Competitive Landscape: 112 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

New Packages and Materials for Power Devices Market — Growth Trajectory

New materials and packages based on GaN and SiC materials have applications, such as integrated circuits, circuit boards, packaging materials, communication cables, optical fibre, displays, and various controlling and monitoring devices within electrical, electronics & microelectronics Industries, These GaN and SiC based devices help ensure power efficiency and reliability in electronic equipment circuits.

New Packages and Materials for Power Devices Market — Growth Trajectory

Packages
Material

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

  • Package Type and Material Package Type and Material is broken down into: Packages, Material.
  • End User End User is broken down into: Automotive, Telecommunications & Computing, Electronics, Industrial, Others.

Geographic Analysis

Regional market breakdown

  • North America North America market size reached $37.90M in 2015 and is projected to reach $479.20M by 2023, growing at a CAGR of 37.3%.
  • Europe Europe market size reached $33.40M in 2015 and is projected to reach $254.40M by 2023, growing at a CAGR of 28.9%.
  • Asia Pacific Asia Pacific market size reached $71.30M in 2015 and is projected to reach $1.75B by 2023, growing at a CAGR of 49.2%.
  • Rest of the World Rest of the World market size reached $20.90M in 2015 and is projected to reach $83.70M by 2023, growing at a CAGR of 18.9%.

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Research Methodology

New Packages and Materials for Power Devices Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

  • Base Year

    2016

  • Historical Period

    2015 – 2016

  • Forecast Period

    2016 – 2023

  • Primary Interviews

    150+

Research Process

Historical data (2015–2016) and forecast period (2016–2023)

1

Problem Definition

  • Market scoping
  • Objective setting
  • Framework design
2

Secondary Research

  • Literature review
  • Data mining
  • Trend analysis
3

Primary Research

  • Expert interviews
  • Field visits
  • Surveys
4

Data Analysis

  • Quantitative modeling
  • Statistical testing
  • Validation
5

Insights & Reporting

  • Synthesis
  • Recommendations
  • Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)
Forecast (modelled)

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Quantitative Analysis

Regional Breakdown

Regional market breakdown for New Packages and Materials for Power Devices Market.

Regional Market Size (USD Mn)

Market estimates by geography (2023)

USD Mn

InsightAsia Pacific leads with $1.75B by 2023.

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Regional Market Data

REGION201520162023CAGRSHARE
North America$37.90M$132.90M$479.20M37.3%19%
Europe$33.40M$90.90M$254.40M28.9%10%
Asia Pacific$71.30M$348.40M$1.75B49.2%68%
Rest of the World$20.90M$41.30M$83.70M18.9%3%
Total$163.50M$613.50M$2.57B41.1%100%

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Segment Revenue (2023)

Packages
Material
039979811961595

Segment Market Share

  • Packages56%
  • Material44%

Total Market Size

$2.57B

Market by Segment (2023)

APPLICATIONREVENUE ($B)GROWTH RATEMARKET PENETRATION
Packages$1.45B41.1%
89%
Material$1.12B41.1%
89%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

New Packages and Materials for Power Devices Market — Key Findings

Analytical insights on New Packages and Materials for Power Devices Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The New Packages and Materials for Power Devices Market market is projected to reach $2.57B by 2023, growing at 41.1% CAGR. The Packages segment holds the largest share.

Market Drivers

Global new packages and materials for power devices market is expected to witness high growth during the forecast period with the growing electronics industry. There have been application areas where power packages and materials are extensively used in high voltage and medium voltage power devices. Also, increasing need for miniaturization, especially in semiconductor sector will drive the market for new packages & materials for power devices. Thus, there will be a rise in new packages and materials for power devices market during the forecast period.

Market Opportunities

Major developing economies such as China, India, Japan, and South Korea are investing in development and innovations in electronics gadgets, which creates demand for hermetically packaged devices. Asian countries present an opportunity for advanced packaged power devices. This holds a higher growth opportunity compared to other regions of the world. Electronics devices including sensors, optoelectronic component, laser diodes, and airbag initiator propellants are hermetically packaged for protection from external humidity, corrosion, and other natural influences. Increasing digitalization, building infrastructure, and regulatory support, and developments in reforms from governments are the primary factors enhancing the growth of hermetically packaged electronics devices.

Increasing applications in automotive industry and emerging optical networking industry in developing economies encourage the demand for hermetically packaged devices. For instance, according to the Automotive Component Manufacturers Association of India, the auto-components industry is anticipated to witness a turnover of USD 100 billion by 2020 backed by good exports range worth USD 80 - USD 100 billion by 2026.

Asia-Pacific is considered the potential market for electric vehicles. Electric vehicle industry is presents opportunity for Asian countries, which generates the demand for hermetically packages devices with favorable government initiatives and significant investments being made in charging infrastructure. According to International Renewable Energy Agency, electric vehicles in the market are expected to reach 200 million in 2020 from 2 million in 2016 in Asia-Pacific, which is expected to promote the growth of hermetically packaged electronics devices.

Market Restraints

Raw material is a significant aspect of the process of new packages and materials used in power devices. The growing cost of raw material for setting up any package assembly has increased over a period of time; thus, contributing to the high manufacturing cost as it ensures exemplary packaging. Moreover, there is concern over the increased cost of launching new packaging technologies. For instance, IC companies are outsourcing packaging expertise by reducing the use of their own engineering resources for packaging technologies. This ultimately adds to the total cost of setting up the packaging technologies.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2023)

Value (USD Mn)
Packages
Material

Companies

Key companies profiled in New Packages and Materials for Power Devices Market

Profiles of 112 companies operating in the New Packages and Materials for Power Devices Market market, including revenue, employee count, and market positioning where available.

Showing 112 of 112 companies

Orient Sem

Orient Semiconductor Electronics Ltd

Energy & Power

Company Headquarters: Kaohsiung, Taiwan Founded: 1971 Company Working: Orient Semiconductor Electronics Ltd (OSE) is in the business of manufacturing, assembling, processing, and the sale of integrated circuits, computer motherboards, parts of semiconductor, and related products. OSE operates through two business units, namely, the semiconductor group, and the EMS group. The semiconductor group provides IC packaging and testing services, while the EMS group provides professional electronics manufacturing services. OSE for its packaging services provides products under two segments advanced packages and leadframe packages. The packaging products offer services, including wafer probing, drop shipment, back grinding, dry baking and full assembly. The company has setup its offices in the countries of Taiwan, China, and the US. It has nine subsidiaries operating worldwide, which are almost completely owned by OSE. A few of its subsidiaries include Orient Semiconductor Electronics Philippines Inc., OSE International, Ltd, OSE USA, Inc, and Sparqtron Corp

Revenue$0.0B
EmployeesN/A
Market CapN/A
Founded1970
Kaohsiung, Taiwan
Littelfuse

Littelfuse

Energy & Power

Company Headquarters: Chicago, US Founded: 1927 Workforce: ~ 10,700 Company Working: Littelfuse is one of the leading manufacturers, designers, and solution providers of circuit protection products, which are used in power control & sensor technologies, automotive, and industrial markets. It has an extensive product portfolio of fuses, polymers, ceramics, relays, semiconductors, and sensors. It operates through three major business segments, namely, automotive, electronics, and industrial. The company generates most of its revenue from electronics segments as it highlights broadsets of products includes fuses, fuse accessories, polymer electrostatic discharge, positive temperature cofficient resettable fuses, suppressors, varistors, semiconductor and power semiconductor product, such as discrete transient voltage suppressor, diodes arrays, SiC, metal-oxide semiconductor field-effect transistor (MOSFETs), SiC diodes and insulated-gate bipolar transistor (IGBT) technologies. Littelfuse has employees consisting of engineers and scientists for continual improvement of its existing product line and to introduce new products by research, design, and development. The proposal for the research & development is mainly initiated primarily by the sales, marketing, material scientists, technicians, and other product management professionals, which includes contribution from the customers. Additionally, the company has a number of patents. The company is highly focused on improving the reliability, safety and performance of the products and systems that are used in any electrical systems. Currently, the company is highly involved in mergers and acquisitions to accelerate its growth, across the globe. As a global player, the company has manufacturing facilities in North America, Europe, and Asia-Pacific.

Revenue$0.9B
Employees10,700
Market CapN/A
Founded1926
Chicago, US
Efficient

Efficient Power Conversation Corporation

Energy & Power

Company Headquarters: California, United States Founded: 2007 Company Working: Efficient Power Conversion Corporation (EPC) is the provider of GaN-based management technology for improving the effeciency of power supply, and the connectivity of electric circuits in industries,. The company provides eGaN field-effect transistor (FETs) & integrated circuit (ICs), and eGaN Drivers & controller products. Additionally, it offers various tools to simplify the evaluation process of eGaN FETs and ICs. For this, it has also developed circuit boards that can be effortlessly integerated with existing power systems. The electric boards are comprised of all the critical components and layout for optimal switching performance, including bypass capacitors. Furthermore, the eGaN FETs and ICs offered by the company are the best solutions for wireless charging and wireless power applications, across industries because of the capacibilties of eGaN FETs and ICs to operate efficiently in multi-MHz range. The company has introducued 35 patents of FETs and ICs in order to replace the traditional power MOSFETs and LDMOS solutions in China, Japan, Korea, Taiwan and the US. The sales representatives and distributors of the company operate in regions, such as North America, the Middle East & Africa, and Asia-Pacific.

RevenueN/A
EmployeesN/A
Market CapN/A
Founded2006
California, United States
Amkor Tech

Amkor Technology Inc.

Semiconductor

Company Headquarters: Arizona, US Founded: 1968 Workforce: ~29,300 Company Working: Amkor Technology is one of the leading providers of outsourced semiconductor packaging and test services. The company also provides turn-key test services and packaging including wafer probe, wafer bump, wafer back-grind, packaging, package design, and drop shipment services. Integrated device manufacturers (IDMs) to reduce their capital expenditure on research tend to outsource parts of its manufacturing responsibilities to companies such as Amkor, which are in the business of IC packaging and testing. The company offers its products through four segments, namely packaging, technology, services, and applications. Under the packaging segment, the company offers products under the subcategories such as laminate, lead frame, power discrete, and wafer level. Amkor has strategically positioned its offices, globally to reach a wider client base. It has offices in the countries including the US, France, Germany, China, Korea, Japan, and Singapore. The company has about 20 factories in the countries of Japan, Korea, the Philippines, China, Malaysia, and Portugal.

Revenue$0.0B
Employees29,300
Market CapN/A
Founded1967
Arizona, US
Exagan

Exagan

Energy & Power

Company Headquarters: Grenoble Cedex 9, France Founded: 2014 Company Working: Exagan is the manufacturer of Gallium Nitride (GaN) based transistor and semiconductors devices for power supply, industrial, automotive, IT electronics, connectivity and other markets. Exagan is the result of a spin-off by Soitec, a semiconductor materials manufacturing company and French organization CEA-Leti, which is involved in research and production of micro and nano-technologies. It offers GaN-based products 650-volt and 1,200-volt fast switching power devices for next generation of electrical converters in solar, IT electronics, and automotive sectors. The company also collaborated with CEA-Leti and Soitec in order to develop advanced material technology. This project has enhanced the new packages and material product group of the company . The resultant GaN-on-silicon technology helps improve performance and reliability, across the power modules.

RevenueN/A
EmployeesN/A
Market CapN/A
Founded2013
Grenoble Cedex 9, France
Semicron

Semicron

Energy & Power

Company Headquarters: Nuremberg, Germany Founded: 1951 Workforce: ~3,200 Company Working: Semikron is the Germany-based electronics company that offers key technologies for energy conservation for various industrial sectors. It offers an extensive range of products for power modules, intelligent power solutions, bare dies, power stacks, and power systems for different markets. Additionally, it is the provider of integrated circuit, transistor, diode, integrated circuit, thyristor power modules, power assemblies and other energy conservation efficient system for different industries, such as automotive, energy & power, electronics, and telecommunications. It has been developing new technologies and innovative solutions regarding power solutions. It has an international network with production sites in countries, such as Brazil, China, India, Italy, Korea, Germany, Slovakia, and the US. These strategic sites of the company ensure satisfactory service to its customers. The company has around 25 subsidiaries, globally, which are equipped with multi-language sales and technical support. Its key end-use applications include motor drives, wind energy, solar energy, power quality, energy storage, utilities vehicle, car charger stations, process, and medical power supplies. Semikron offers silicon carbide power modules in full silicon carbide power modules and hybrid silicon carbide power modules segments. In Full silicon carbide (SiC), it offers power modules in MiniSKiiP, SEMITOP and SEMITRANS housings whereas in hybrid SiC, the company offers power modules MiniSKiiP, SEMITRANS, SEMiX 3 Press-Fit and SKiM63/93.

RevenueN/A
Employees3,200
Market CapN/A
Founded1950
Nuremberg, Germany
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This report comes from Wantstats' energy team — analysts who spend their days tracking utility filings, generation capacity, and grid investment plans across markets most research glosses over. Every number here has been checked against our own databases and validated through conversations with people actually running these projects.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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