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The IGBT Market is projected to grow by USD 10.8 Billion from 2024-2028, with AI driving market evolution and government support for EVs and HEVs boosting growth – Technavio

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2 years ago

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — The Global IGBT Market size is estimated to grow by USD 10.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.31%  during the forecast period. Increasing government support for EV or HEVS is driving market growth, with a trend towards functional consolidation of semiconductor devices, However, rising competition from wide bandgap (wbg) semiconductor materials  poses a challenge – Key market players include ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp..

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Igbt Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.31%

Market growth 2024-2028

USD 10796.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.94

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

China, Japan, South Korea, US, and India

Key companies profiled

ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp.

Market Driver

The Industrial Internet trend is driving the integration of digital control in power systems, making inverters, drive controls, and electrical equipment compatible. This consolidation of semiconductor devices, including sensors, ICs, microcontrollers, and IGBTs, can lead to performance improvements and semiconductor advances. The analysis of data generated from these devices can reveal key areas for application and semiconductor device enhancements. This will result in more efficient and reliable IGBTs, enhancing circuit performance and ensuring smooth operations. These benefits are anticipated to fuel the growth of the IGBT market during the forecast period. 

IGBT market trends include advancements in power device technologies, particularly inverter applications using power transistors. Heat dissipation and carbon dioxide emissions are key concerns, driving the need for high-efficiency semiconductors. The cost of electricity influences the adoption of IGBTs in various electronic products, from electric vehicles (EVs) and industrial equipment to renewable projects like solar and wind power. IGBTs are essential for DC-AC conversion in EVs and solar inverter applications. Semiconductor manufacturers like Microchip Technology focus on developing high-power semiconductor devices to meet increasing power consumption demands. Industrial systems, motor drives, and power MOSFETs also utilize IGBTs for frequency and voltage control. The electrification of industries and the growing 5G adoption further boost the market. Efficiency, emissions, and fuel efficiency are critical factors, with IGBTs offering high turn-off time and thermal resistivity as a low-cost alternative. 

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Market Challenges

WBG semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), offer significant advantages for power semiconductor devices. These materials enable high voltage, high temperature, and higher switching frequencies with good thermal conductivity. SiC, in particular, has a superior ampere capacity, allowing a single 150mm SiC wafer to handle current equal to two 200mm silicon wafers. The energy efficiency and system cost reductions achievable with these materials surpass those of traditional IGBT devices. SiC-based devices, like SiC MOSFET and SiC diodes, are widely used in high-end power supplies. GaN-based devices, such as GaN FET and GaN devices at 600V, are also available, but their use in appliances is still experimental. Infineon Technologies AG, a market leader, has acquired Cree Inc.’s Wolfspeed and International Rectifier, making it a leading player in SiC-based power semiconductors. Infineon is currently developing next-generation transistors based on SiC and GaN. Transphorm Inc. Is another player focusing on GaN-based devices that can operate at higher voltages. These potential advancements could replace IGBTs during the forecast period. Despite IGBTs being less expensive and easier to manufacture, industries prioritizing precision over cost are moving towards SiC and GaN-based devices.

IGBT market is experiencing significant growth due to increasing demand in various industries. Electric cars and renewable energy sectors are major drivers, with IGBTs used in motor drives and inverters for electric vehicles, and in power conditioners and converter circuits for solar and wind power. Semiconductors, including IGBTs, are essential in the electronics manufacturing industry for 5G adoption and consumer electronics. Industrial systems also rely on IGBTs for efficient power transmission and distribution in electrification and industrialization. However, challenges persist. IGBTs face high power consumption and thermal resistivity issues, especially in industrial equipment and motor drives. Humidity and aging power infrastructure can also impact performance. To address these challenges, companies like Microchip Technology are developing low-cost alternatives and improving efficiency. Fuel prices and emissions concerns are driving the shift towards electric vehicles and green energy, further boosting the IGBT market.

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Segment Overview 

This igbt market report extensively covers market segmentation by  

Product 1.1 IGBT modules1.2 Discrete IGBTsApplication 2.1 EV or HEVs2.2 Industrial2.3 Motor drives2.4 Consumer appliance2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 IGBT modules-  The IGBT market is primarily driven by the demand for high-power devices, making IGBT modules a preferred choice over discrete IGBTs. With each IGBT module containing multiple discrete IGBTs, they offer greater compatibility for high-power applications. The global need for energy efficiency and the increasing adoption of electric vehicles (EVs) and wind energy systems are boosting the demand for IGBT modules. However, the emergence of wide bandgap (WBG) semiconductor devices as alternatives to IGBT modules may impact market growth during the forecast period. Despite this challenge, the IGBT market is projected to experience substantial year-on-year growth due to the expanding requirement for high-power density solutions and government initiatives promoting energy conservation.

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Research Analysis

The IGBT (Insulated Gate Bipolar Transistor) market is witnessing significant growth due to its application in various power device technologies, particularly inverter applications. IGBTs are high-power semiconductor devices that offer superior performance in terms of frequency and voltage handling, making them ideal for power conversion in electronic products. The increasing adoption of renewable energy sources like solar and wind power is driving the demand for IGBTs in solar inverter applications. IGBTs help in converting DC voltage from solar panels into AC voltage for grid connection. The EV market is another major application area for IGBTs, where they are used in electric vehicles (EVs) for motor control and power conversion. The cost of electricity and carbon dioxide emissions are key factors driving the shift towards electrification and the use of IGBTs in power transmission & distribution and smart grids. IGBTs also offer high turn-off time, making them suitable for industrialization applications. Inverter applications, electric cars, and renewable projects are some of the major areas where IGBTs are finding extensive use. The market is expected to grow further as the demand for fuel efficiency and sustainable energy solutions increases.

Market Research Overview

The IGBT (Insulated Gate Bipolar Transistor) market is experiencing significant growth due to the increasing demand for power device technologies in various applications. IGTBs are essential components in inverter applications, particularly in power transistors, which play a crucial role in converting DC voltage to AC voltage for various electronic products. The EV market, including electric vehicles (EVs), is a major driver for IGBTs due to their high power handling capabilities and efficiency. IGBTs are also used in renewable projects, such as solar inverter applications, to convert DC voltage from solar panels to AC voltage for grid connection. The cost of electricity and carbon dioxide emissions are key factors driving the adoption of IGBTs in renewable energy. In the electronics manufacturing industry, IGBTs are used in high-power semiconductor devices, industrial equipment, motor drives, and inverters. The 5G adoption is also expected to boost the demand for IGBTs due to their high-frequency and voltage handling capabilities. IGBTs offer several advantages, including high efficiency, low power consumption, and thermal resistivity. However, challenges such as high turn-off time, humidity, and the need for a low-cost alternative persist. IGBT modules are used as power conditioners and converter circuits in various applications, including electric cars, industrial systems, and green energy projects. The aging power infrastructure, fuel prices, and the need for electrification and electricity transmission & distribution are other factors driving the growth of the IGBT market. The solar energy industry, wind power, and industrialization are also significant end-users of IGBTs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductIGBT ModulesDiscrete IGBTsApplicationEV Or HEVsIndustrialMotor DrivesConsumer ApplianceOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Trimble for Government Achieves ‘Initial Implementation’ Status for FedRAMP Class C (Moderate) Certification

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29 minutes ago

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October 20, 2026

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Milestone accelerates secure cloud adoption for federal, state and local entities managing infrastructure, spatial data and capital assets 

WESTMINSTER, Colo., Oct. 20, 2026 /PRNewswire/ — Trimble today announced that Trimble for Government is listed as ‘Initial Implementation’ status for Federal Risk and Authorization Management Program (FedRAMP®) Class C (Moderate) certification and is now listed on the FedRAMP Marketplace. In conjunction with seeking FedRAMP certification, Trimble is also pursuing GovRAMP authorization to support state, local and education (SLED) customers with reciprocal cybersecurity compliance standards.

This dual milestone marks a critical step forward in delivering a software as a service (SaaS) cloud environment built within a secure Government Community Cloud. Designed specifically for U.S. Federal Government departments, state and local agencies, and defense and civilian contractors, Trimble for Government provides a unified ecosystem for managing infrastructure, spatial data, capital projects, permitting and facility assets across their entire lifecycle.

Achieving FedRAMP Class C (Moderate) and GovRAMP alignment will enable public sector entities and Department of Defense (DoD) contractors to comply with stringent security mandates — including Cybersecurity Maturity Model Certification (CMMC) alignment — while modernizing digital engineering and asset management.

“Federal, state and local agencies face the dual challenge of modernizing critical infrastructure while maintaining uncompromising cybersecurity standards,” said Mark Schwartz, group president, AECO at Trimble. “Achieving ‘Initial Assessment’ status reflects our commitment to delivering mission-critical spatial, capital project and asset management capabilities inside a secure, audit-ready cloud boundary across all levels of government.”

Integrated cloud solutions built for government operations

The in-scope environment brings together Trimble’s proven field execution, asset, project and permitting software into four modular packages designed to support specific public sector outcomes:

Trimble® Field Collaboration: Delivers field data services using foundational spatial database infrastructure and GIS integration to support high-security field operations, map assets, and enable seamless field-to-cloud workflows across Trimble’s core Field Systems portfolio.Trimble Project Management powered by Trimble ProjectSight® software: Connects design-to-build workflows in the field, providing precision data layout, project tracking, collaboration and quality assurance across construction projects.Trimble Asset Management powered by Trimble Unity™ Maintain software: Serves as a centralized facilities data core for federal, state, and local government agencies, military installations, and public infrastructure — such as public buildings, utilities, and transportation networks — to optimize maintenance and long-term capital planning.Trimble Permit Management powered by Trimble Unity Permit software: Streamlines end-to-end management of permitting, licensing, land use and infrastructure rights-of-way in a fully compliant cloud environment.

The unifying in-scope element across all four packages is the Trimble Connect® platform, providing collaboration and a common data environment (CDE) across the Trimble for Government platform.

With assessment processes underway, Trimble continues to advance toward full FedRAMP and GovRAMP authorizations to ensure public sector customers can innovate with confidence.

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble, visit: www.trimble.com.

GTRMB

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SOURCE Trimble

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Technology

Trimble for Government Achieves ‘Initial Implementation’ Status for FedRAMP Class C (Moderate) Certification

Published

29 minutes ago

on

October 20, 2026

By

Milestone accelerates secure cloud adoption for federal, state and local entities managing infrastructure, spatial data and capital assets 

WESTMINSTER, Colo., Oct. 20, 2026 /PRNewswire/ — Trimble today announced that Trimble for Government is listed as ‘Initial Implementation’ status for Federal Risk and Authorization Management Program (FedRAMP®) Class C (Moderate) certification and is now listed on the FedRAMP Marketplace. In conjunction with seeking FedRAMP certification, Trimble is also pursuing GovRAMP authorization to support state, local and education (SLED) customers with reciprocal cybersecurity compliance standards.

This dual milestone marks a critical step forward in delivering a software as a service (SaaS) cloud environment built within a secure Government Community Cloud. Designed specifically for U.S. Federal Government departments, state and local agencies, and defense and civilian contractors, Trimble for Government provides a unified ecosystem for managing infrastructure, spatial data, capital projects, permitting and facility assets across their entire lifecycle.

Achieving FedRAMP Class C (Moderate) and GovRAMP alignment will enable public sector entities and Department of Defense (DoD) contractors to comply with stringent security mandates — including Cybersecurity Maturity Model Certification (CMMC) alignment — while modernizing digital engineering and asset management.

“Federal, state and local agencies face the dual challenge of modernizing critical infrastructure while maintaining uncompromising cybersecurity standards,” said Mark Schwartz, group president, AECO at Trimble. “Achieving ‘Initial Assessment’ status reflects our commitment to delivering mission-critical spatial, capital project and asset management capabilities inside a secure, audit-ready cloud boundary across all levels of government.”

Integrated cloud solutions built for government operations

The in-scope environment brings together Trimble’s proven field execution, asset, project and permitting software into four modular packages designed to support specific public sector outcomes:

Trimble® Field Collaboration: Delivers field data services using foundational spatial database infrastructure and GIS integration to support high-security field operations, map assets, and enable seamless field-to-cloud workflows across Trimble’s core Field Systems portfolio.Trimble Project Management powered by Trimble ProjectSight® software: Connects design-to-build workflows in the field, providing precision data layout, project tracking, collaboration and quality assurance across construction projects.Trimble Asset Management powered by Trimble Unity™ Maintain software: Serves as a centralized facilities data core for federal, state, and local government agencies, military installations, and public infrastructure — such as public buildings, utilities, and transportation networks — to optimize maintenance and long-term capital planning.Trimble Permit Management powered by Trimble Unity Permit software: Streamlines end-to-end management of permitting, licensing, land use and infrastructure rights-of-way in a fully compliant cloud environment.

The unifying in-scope element across all four packages is the Trimble Connect® platform, providing collaboration and a common data environment (CDE) across the Trimble for Government platform.

With assessment processes underway, Trimble continues to advance toward full FedRAMP and GovRAMP authorizations to ensure public sector customers can innovate with confidence.

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble, visit: www.trimble.com.

GTRMB

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Delta Development Team and The Good Drone Company Awarded U.S. Army Contract for Aerial Blood Delivery

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29 minutes ago

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October 20, 2026

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TUCSON, Ariz., Oct. 20, 2026 /PRNewswire/ — Delta Development Team (DDT), a leader in prehospital blood storage and cold chain technology, and The Good Drone Company (GDC) have been awarded a U.S. Army contract to develop a drone-based blood delivery capability for the Army Blood Link (ABL) program.

The program is part of the broader Armed Services Blood Program (ASBP), which supplies blood products to U.S. military forces worldwide. Army Blood Link is designed to support battlefield medical logistics through rapid, temperature-controlled delivery of lifesaving blood products to the field, providing an additional resupply option when traditional ground transportation is unavailable, delayed, or unsafe. Under the contract, The Good Drone Company will provide two U.S.-built prototypes of its hybrid vertical takeoff and landing (VTOL) cargo drone, each designed to transport up to six units of blood, while DDT will provide the temperature-controlled storage capability through its Delta ICE 2L Smart Blood Cooler.

The companies are combining commercial off-the-shelf (COTS) technologies to create a U.S.-sourced aerial blood delivery system capable of transporting blood directly to the point of need.

To meet ABL program requirements, DDT will supply six Delta ICE 2L Smart Blood Coolers, each designed to maintain two units of blood within the required temperature range for three hours of aerial delivery in high-humidity environments with ambient temperatures ranging from 15°F to 120°F. Built-in temperature monitoring and data recording, along with Bluetooth and cellular connectivity, support cold-chain oversight and blood accountability. The program extends DDT’s blood storage and monitoring capabilities into aerial delivery.

“Getting blood to the point of need is only part of the challenge. It must also remain within the required temperature range throughout the journey,” said Montgomery Leija, CEO of Delta Development Team. “This program brings DDT’s experience in blood storage and cold chain management into a new operational environment, taking the blood supply chain from the ground to the air.”

The prototype system is designed to deliver blood within 10 meters of a designated target during both day and night operations. It will feature a communications range of up to 30 miles and semi-autonomous waypoint navigation. It is intended for single-person operation with minimal training and is built on GDC’s existing commercial cargo drone technology to accelerate development and fielding while meeting U.S.-sourcing requirements.

“We have seen strong interest in middle-mile drones in emerging markets for some time, from both public and private sector customers spanning healthcare to third-party logistics,” said Jake Vander Ploeg, CEO of The Good Drone Company. “This program is a great example of how the military is adopting commercial technology like our cargo drones to quickly test new ideas in the field without starting a full aircraft development program.”

The collaboration combines GDC’s expertise in commercial drone platforms and aerial delivery with DDT’s temperature-controlled blood storage and transport capabilities to support:

Rapid resupply: Delivering blood when conventional ground transportation is unavailable or unsafe.Cold chain protection: Maintaining required blood temperatures during aerial transport.U.S.-sourced capability: Supporting domestic defense supply chain objectives.Accelerated development: Combining GDC’s existing commercial cargo drone technology with DDT’s established blood storage solutions.

The ABL effort addresses the challenge of delivering critical medical supplies in contested and austere environments. When terrain, damaged infrastructure, or tactical conditions prevent conventional resupply, aerial delivery combined with temperature-controlled storage can expand options for getting lifesaving blood products to service members when and where they are needed.

About Delta Development Team

Delta Development Team (DDT) is a U.S.-based medical technology company headquartered in Tucson, Arizona, specializing in blood storage, transport, monitoring, and logistics solutions for military and prehospital environments. DDT develops technology designed to keep blood available, traceable, and mission-ready from the blood bank to the point of injury. Its portfolio includes the APRU 6L, Delta ICE 2L, TBS 40L, and BloodCOMM® blood management platform.

Media Contact: info@deltadevteam.com | www.deltadevteam.com

About The Good Drone Company

The Good Drone Company (GDC) is an aerospace company headquartered in Tempe, Arizona, that designs and builds autonomous hybrid VTOL cargo drones for middle-mile logistics. GDC’s aircraft take off and land vertically without a runway, carry up to 55 lb (25 kg) of payload, and fly more than 300 miles (500 km) at speeds up to 93 mph (150 km/h). GDC is deploying in Kenya to close the middle-mile transportation gap for public and private sector customers, working closely with its local partner ThatcherX and the Kenyan government to change how goods move around the country.

Media Contact: info@thegooddronecompany.com | www.thegooddronecompany.com

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SOURCE Delta Development Team

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