entered 2022, the supply and demand tension in the chip market has been eased quarter by quarter, but it is still facing intensified demand differentiation. For example, the shrinking demand for consumer-grade chips has forced channel vendors to clean up inventory, while the supply demand for power semiconductors such as automotive electronics and industrial control is still tight.
, such as silicon-based MOSFET (mainly low voltage) power devices, showing a significant downward trend, while IGBT module , SiC devices and other products are boosted by high demand in the new energy market, and the overall price performance is relatively strong.
According to the latest report released by IC Insights, the shortage of supply is driving the average selling price of power transistors to the highest percentage since 2010. Power transistor sales are expected to grow 11% in 2022, to reach US$24.5 billion.
The following figure shows that the power transistor market is expected to start another growth cycle in 2024, with annual sales steadily increasing to US$28.9 billion by 2026, with a compound annual growth rate (CAGR) expected to reach 5.5%.
power semiconductors can be roughly divided into two categories: power semiconductor discrete devices (Power Discretes, including power module ) and power semiconductor integrated circuits (Power IC). transistor belongs to one of power discrete devices, including metal-oxide semiconductor field effect transistors (MOSFETs) and insulated gate bipolar transistors (IGBT).
was out of stock in the second half of 2019, and MOSFET also entered a shortage of stock in early 2020 with the outbreak of the new crown pneumonia.
Since 2021, the price of power transistors has been rising. Domestic power semiconductor manufacturer Slan Micro has issued a price increase notice for some product categories including MOS, IGBT, SBD, FRD and other products; Jiejie Microelectronics has also raised prices for some products of VDMOS and TRENCH MOS; Changjing Technology has also announced a price increase for the entire series of products, with an increase of about 10%-20%.
BYD Semiconductor also adjusted the price of IPM and IGBT single-tube products, with an increase of no less than 5%.
Infineon , Stack , ON Semiconductor , Anshi Semiconductor and other leading power semiconductor manufacturers have also increased the price of their products by 10-15%. At that time, the delivery period of some imported products was as long as 52 weeks, and the delivery period of domestic products was also as long as three months.
's high capacity expansion bottleneck and price increase have pushed up the average selling price of power transistors. In 2021, unit shipments of power transistors increased by 13% and sales increased by 26%.
IC Insights notes that the average sales price (ASP) of power transistors is expected to grow 11% in 2022 after an increase of 8% in 2021. This is the highest percentage increase since the 2010 recovery year since the 2009 recession triggered by the financial crisis in 2007-2008.
However, a series of record sales of power transistors are expected to end in 2023, with revenue expected to fall 2% to $24 billion next year due to slowing global economic growth and a 4% decline in global average selling price.
TrendForce data shows that power discrete, which uses power transistors such as MOSFETs and IGBTs as the mainstream products, has increased unit power components for 5G infrastructure, consumer fast charging, automotive electronics, electric vehicles and other products, and has grown rapidly. The overall market has long been dominated by international IDM factories, such as Infineon (Infineon), On Semi, STMicroelectronics (STM), etc. Global IDM factories account for about 80 to 90% of the market, while Fables accounts for about 10 to 20%.
Domestic power semiconductor wafer factories are also actively investing in construction. China Resources Microelectronics will invest about 10 billion yuan to build a 12-inch wafer production line in Chongqing Xiyong Microelectric Park, mainly producing power semiconductor products such as MOSFET, IGBT, and power management chip .
2021 According to the "Investment Cooperation Agreement", Silan Micro launched its first 12-inch chip production line "A new annual production of 240,000 12-inch high-voltage integrated circuits and power device chip technology improvement and expansion project". The total investment of the project is 2 billion yuan and the implementation cycle is 2 years.
The development of new energy vehicles has also promoted the increase in the demand for power devices. It is estimated that the value of power semiconductor devices in new energy vehicles is about 5 times that of traditional fuel vehicles. Among them, IGBT accounts for about 37% of the cost of the electronic control system of new energy vehicles and is one of the core electronic devices in the electronic control system.
In the future, the development prospects of power devices are self-evident. will be held in the 2022 IIC ShenZhen, hosted by Aspencore from November 10 to 11, will be held at Shenzhen Greater China Trading Plaza. At that time, the exciting views of the 24th High-Efficiency Power Management and Power Device Forum will be shared with you. At the same time, the Global CEO Summit, the Global Distribution and Supply Chain Leaders Summit, and the International Industry 4.0 Technology and Application Forum will be held, bringing together domestic and foreign electronic industry leaders, managers, design elites and decision makers to discuss the trends and technical trends of the electronic industry, etc. welcomes everyone to sign up to participate.
Editor: Elaine
