LONDON The power semiconductor market remained flat in 2005 at $11.3 billion following 2004's massive 25 percent expansion, but the mid- to long-term prospects for the sector are promising , driven by a myriad of consumer applications, according to market research group IMS.
The power discretes market (including transistors, thyristors and rectifiers) is predicted to nearly double in size over the next ten years, whilst the power module market is forecast for even stronger growth.
Report analyst Ash Sharma suggests "one of the factors behind this strong growth is the consumer market. Fast growing markets such as flat panel displays, together with ongoing technical advancement within products such as white goods, will provide significant additional revenue potential for power semiconductor suppliers."
Sharma adds that relatively small but rapidly growing sectors, such as renewable energy and hybrid-electric vehicles will also help drive the market.
The market report from IMS Research (Wellingborough, England) indicates that Infineon Technologies AG retained its position as the world's largest power semiconductor supplier with a market share of 9.4 percent in 2005.