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Power Electronics Software Market worth $5.25 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Feb. 17, 2025 /PRNewswire/ — The power electronics software market is expected to reach USD 5.25 billion by 2030 from USD 3.33 billion in 2025, growing at a CAGR of 9.5% from 2025 to 2030 according to a new report by MarketsandMarkets™. Power electronics software enables the design, simulation, and optimization of power electronic systems in the industrial, consumer electronics, automotive, renewable energy, aerospace, and defense industries. The market is experiencing significant growth mainly due to the increasing adoption of renewable energy sources, the growing shift towards electric vehicles, and advancements in semiconductor technologies.

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Browse in-depth TOC on “Power Electronics Software Market” 
236 – Tables
62 – Figures
252 – Pages

Power Electronics Software Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 3.33 billion

Estimated Value by 2030

$ 5.25 billion

Growth Rate

Poised to grow at a CAGR of 9.5%

Market Size Available for

2020–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Technology, Application, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Issues with integration and compatibility

Key Market Opportunities

Growth of industrial automation and robotics

Key Market Drivers

Increasing adoption of renewable energy sources

The industrial segment is expected to hold the largest market size during the forecast period.

The industrial sector holds the largest market size during the forecast period of the power electronics software market due to its widespread usage in automation, motor drives, renewable energy systems, and power inverters. With the increasing adoption of Industry 4.0 and smart manufacturing practices, the demand for optimizing energy consumption and improving operational efficiencies is growing. Power electronics software helps power management system designs and simulations achieve efficiency and precision in most industrial equipment and processes. Moreover, the high demand for energy-saving technologies and a need to comply with regulations make power electronics software prevalent in most industrial applications. The need for advanced systems in factories, with the transition to renewable energy, boosts demand for the power electronics software market.

The design software segment is expected to exhibit the second-highest CAGR during the forecast period.

The design software segment is expected to register the second-highest CAGR in the type of segment of the power electronics software market during the forecast period. The growth can be attributed to the critical role of design software in enhancing efficiency, performance, and reliability in power electronic systems. As demand for electric vehicles, renewable energy systems, and industrial automation continues to grow, the requirement for an efficient, optimized design for inverter, converter, and motor drive components is growing. Design software offers advanced simulation and modeling with prototyping, significantly reducing development time and costs and ensuring compliance with regulatory standards. Increasing implementations of wide bandgap semiconductors require dedicated and sophisticated design solutions to achieve higher efficiency. Moreover, advancement through digital twins enhances intelligent and low-energy-consuming design solutions. Owing to these factors, the demand for design software is growing across applications such as automotive, industrial, aerospace & defense, and renewable energy.

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Asia Pacific is expected to hold the largest market size during the forecast period.

Asia Pacific is expected to hold the largest power electronics software industry due to substantial investment in research and development and technology infrastructure. The growth can also be attributed to the increased adoption of electric vehicles, renewable energy systems, and industrial automation in various countries, including China, India, South Korea, and Japan. Due to the increasing penetration of advanced technologies like IoT, Al-enabled systems, and wide-bandgap semiconductors, including silicon carbide (SiC) and gallium nitride (GaN), the demand for innovative power electronics solutions increased to achieve energy efficiency and system optimization. Another driver for the growth of the market in the region is government policies focusing on increasing the use of renewable energy sources, the implementation of smart grids, and energy-efficient technologies. Moreover, the rising implementation of Industry 4.0 practices and cloud-based software solutions have further fueled the demand for the power electronics software market in the region.

The major players in power electronics software companies are MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), Altair Engineering Inc. (US), NATIONAL INSTRUMENTS CORP. (US), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), dSPACE GmbH (Germany), and Siemens (Germany), Analog Devices, Inc. (US), Sidelinesoft, LLC (US), AESIM.tech (Canada), Plexim GmbH (Switzerland), Manitoba Hydro International Ltd. (Canada), Imperix power electronics (Switzerland), Typhoon HIL, Inc. (US), Mirabilis Design Inc. (US), Power Smart Control (Spain), COMSOL (Sweden), Speedgoat GmbH (Switzerland), Siemens (Germany), RTDS Technologies Inc (Canada), Powersys (France), AVL (Austria).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Power Electronic Testing Market by Power Discrete (Diode, Transistor, Thyristor), Power Module, Power Integrated Circuit (IC); Electromagnetic Compatibility (EMC) Testing, Radio Frequency (RF) Testing, Energy Efficiency Testing – Global Forecast to 2029

Power Electronics Market Size, Share, Statistics and Industry Growth Analysis Report by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography – Global Forecast to 2028

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Hyundai Motor Group Showcases Integrated Hydrogen Solutions at World Hydrogen Expo 2026

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Hyundai Motor Group presents hydrogen technologies spanning production, mobility, and urban and industrial applications at World Hydrogen Expo 2026Showcases modular PEM electrolysis systems scalable to the megawatt level and W2H technologies, highlighting capabilities for large-scale hydrogen productionDisplays passenger, commercial and rail mobility solutions, alongside advanced fuel cell systems, fleet management and automated refuelingPresents hydrogen ecosystem scenarios for Saemangeum AI Valley and key industrial hubs, while advancing investment and global collaboration

SEOUL, South Korea, Nov. 4, 2026 /CNW/ — Hyundai Motor Group (the Group) opened its exhibition at World Hydrogen Expo 2026 (WHE 2026), showcasing hydrogen technologies and solutions across production, mobility and applications for cities and industries.

Held November 4–6 at KINTEX in Goyang, Korea, WHE 2026 brings together about 190 companies and organizations from 12 countries through an exhibition, global conference and business partnership programs. Under the theme ‘Hydrogen Moves to Market: Making Bankable Projects Work,’ the event provides a platform for companies, governments and academia to share hydrogen technologies and business opportunities and explore areas of collaboration.

Through its dedicated hydrogen brand and business platform, HTWO, the Group has organized its exhibition around three key themes: hydrogen production infrastructure, hydrogen mobility and integrated hydrogen ecosystems for cities and industries. Together, the exhibits demonstrate how hydrogen can connect production and mobility with a broader range of end-use applications.

On the opening day of WHE 2026, Hyundai Motor Group Vice Chair Jaehoon Chang visited the Group’s exhibition booth and those of other participating companies to review the latest hydrogen technologies and business developments on display.

What Hydrogen Production Technologies Is the Group Showcasing?

The Group is presenting two approaches to hydrogen production: modular polymer electrolyte membrane (PEM) electrolysis and locally integrated waste-to-hydrogen (W2H) solutions.

What Does the Group’s Hydrogen Mobility Display Include?

The mobility display spans passenger vehicles, commercial vehicles (CV) and rail, and highlights solutions for CV operation, fleet management and refueling. 

Where Can Integrated Hydrogen Ecosystems Be Applied?

The Group is presenting scenarios that connect hydrogen production and use based on local energy resources, infrastructure and demand. The scenarios span cities, ports, logistics operations, manufacturing sites and future cities.

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom

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SOURCE Hyundai Motor Group

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GomSpace Strengthens Global Commercial Organization with Appointment of New Vice Presidents of Sales for APAC and EMEA

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Appointments reinforce GomSpace’s global growth strategy and strengthen regional customer engagement across Europe, the Middle East, Africa, and Asia-Pacific.

STOCKHOLM, Nov. 4, 2026 /PRNewswire/ — GomSpace, announces the appointment of Anand Iqbal Gulati as Vice President Sales, APAC and Benjamin Hamel as Vice President Sales, EMEA. The appointments mark a significant step in GomSpace’s continued commitment to strengthening its global commercial presence and supporting customers across key international markets.

As part of its evolving commercial strategy, GomSpace has established dedicated sales leadership for three regions: North America, EMEA (Europe, Middle East and Africa), and APAC (Asia-Pacific). The new regional structure is designed to bring the company closer to customers, enhance market responsiveness, and support the growing demand for advanced space solutions worldwide.

Anand Iqbal Gulati joins GomSpace as Vice President Sales, APAC, bringing extensive experience in sales, business development, and strategic market expansion across Asia. Based in Singapore, Anand has built a strong track record working with government, defense, national security, and commercial organizations throughout the region. Prior to joining GomSpace, he served as Head of Sales, Cyber Solutions APAC at Rheinmetall, where he consistently exceeded sales targets and developed a robust regional business pipeline. He has also held senior sales leadership roles with Xolaris and SES Satellites, giving him deep insight into the space and satellite sectors.

“Asia-Pacific represents one of the most dynamic and rapidly growing space markets in the world,” says Carsten Drachmann, CEO of GomSpace. “Anand’s extensive regional experience, strong customer relationships, and proven ability to grow businesses make him exceptionally well positioned to lead our expansion across APAC. We are delighted to welcome him to the GomSpace team.”

Benjamin Hamel has been appointed Vice President Sales, EMEA. With more than 20 years of experience spanning aerospace, space technology, aviation, and international business development, Benjamin brings extensive commercial leadership expertise to GomSpace. Throughout his career, he has successfully led growth initiatives, strategic partnerships, and customer engagement programs across global markets. His background includes leadership roles within the aerospace and technology sectors, where he developed a reputation for building high-performing commercial organizations and driving sustainable business growth.

“Benjamin’s impressive international experience and customer-centric approach will be invaluable as we continue to strengthen our position across EMEA,” says Carsten Drachmann. “His understanding of complex technology markets and ability to develop long-term strategic relationships align perfectly with GomSpace’s ambitions for future growth.”

The appointments underscore GomSpace’s commitment to investing in commercial excellence as the company continues to support customers in the defense, security, scientific, and commercial space sectors. With dedicated regional leadership teams now in place, GomSpace is well positioned to accelerate growth, deepen customer engagement, and expand access to its flight-proven space technologies across global markets.

For more information from GomSpace, please contact:

Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr@gomspace.com 

Caroline Schwob (Marketing & Communication Director)
Tel: +33 680 042 226
E-mail: casc@gomspace.com 

About GomSpace Group AB
Founded in 2007, GomSpace is a global provider of small satellite solutions with customers in more than 60 countries. The company’s business operations are mainly conducted through the wholly owned Danish subsidiary, GomSpace A/S, with headquarters and operational facilities in Aalborg, Denmark. GomSpace also has key operations in Luxembourg, France, and the United States. GomSpace develops and delivers advanced systems and services that enable governments, commercial enterprises, and research institutions to achieve their objectives in space. The company’s expertise covers satellite subsystems, complete small satellite missions, and satellite operations, providing solutions that support smarter, faster, and more affordable access to space. The company is listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit www.gomspace.com.

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SOURCE GomSpace A/S

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Taiwan’s Unmanned Vehicle Alliance Unveils Smart UAV and Vehicle Management System to Empower Japan’s Smart Cities

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TOKYO, Nov. 4, 2026 /PRNewswire/ — As Japan accelerates its national transition toward resilient urban infrastructure and automated logistics, Taiwan’s Unmanned Vehicle Alliance (UVA)—led by Global Shield Robotics (GSR)—has been advancing its comprehensive expansion into the Japanese market since April 2026. To mark this milestone, the GSR_UVA Alliance will host the “Taiwan Unmanned Vehicle Supply Chain Japan Industry Seminar” on November 10, 2026, from 13:30 to 17:00 at Meeting Room 2 on the 28th floor of Conrad Tokyo. Bringing together 17 elite Taiwanese hardware and software innovators, the alliance introduces a unified, non-China supply chain ecosystem spanning smart UAV command platforms, automated parking, and intelligent fleet logistics.

Driven by Japan’s stringent supply chain security standards and ongoing demographic shifts, municipal agencies and infrastructure operators are urgently adopting trustworthy automated solutions. The consortium bridges key technological gaps by integrating Taiwan’s world-class ICT, AI edge computing, and precision manufacturing with robust cyber-secure architectures. Among its core offerings, the alliance provides an integrated C2 platform featuring real-time AI computer vision and 3D spatial monitoring for disaster response, alongside 3drens’ InstaTMS platform to optimize last-mile dispatch routes with real-time IoT tracking.

“Our objective is not merely exporting hardware, but delivering a trusted, end-to-end operational framework,” said a spokesperson for Global Shield Robotics. “By integrating custom AIoT software with specialized hardware components, we offer Japanese partners a reliable, secure alternative aligned with Japan’s MIC technical standards and Level 4 BVLOS flight mandates.”

The alliance targets strategic partnerships with major Japanese System Integrators, government authorities, and top-tier logistics entities. Supported by Taiwan’s Small and Medium Enterprise and Startup Administration (SMESA) and Taiwan Innovative Software and Services Association (TISSA), the coalition plans to showcase its integrated solutions at an upcoming B2B2C technology summit in Tokyo this September, aiming to forge deeper cross-border cooperation and drive next-generation smart city transformations.

About Unmanned Vehicle Alliance (UVA)

Led by Global Shield Robotics under the guidance of Taiwan’s SMESA, the Unmanned Vehicle Alliance brings together 17 leading technology providers across UAV platforms, AI servers, SaaS logistics, RF systems, and precision components. The alliance is committed to providing secure, reliable, and integrated autonomous solutions for international markets.

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SOURCE Global Shield Robotics Co. Ltd.

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