The global power semiconductor market will grow by 5.0 percent in 2012 to $32 billion after growing by 3.7 percent in 2011, according to market research firm IMS Research.
IMS (Wellingborough, England) attributes the relatively low growth in 2011 and 2012 to global economic uncertainty and a concommittant reduction in inventory as it is flushed from the supply chain. The market, which grew by 37 percent in 2010 is forecast to return to double-digit growth in 2013.
Power IC market growth was almost 3 percent lower than power discrete growth in 2011, though this trend is set to be reversed in 2012, with slightly higher growth predicted for power ICs. The power module market continued to outperform both power discretes and power ICs, showing sustained high double-digit growth in 2011, which is projected to remain in for the next four years, driven by demand for IGBT modules.