Power Semiconductor Market Share 2Q24
Discover key insights on the global power semiconductor market valued at $11.8 billion for 2Q 2024. Analyze trends across automotive, industrial, and data center sectors, with Infineon, STMicroelectronics, and Monolithic Power Systems leading market shifts.
The global power semiconductor market is estimated to be valued at $11.8 billion for 2Q 2024, shrinking by 0.5% from the previous quarter. The demand for power semiconductor in automotive and industrial markets was weak, while a rebound in consumer was observed. The data center power segment is booming concurrently to the computing market. In this context, Infineon gained 0.4% share, achieving 2.2 billion, drawing on business opportunities in data center and automotive. STMicroelectronics came second but revenue declined to $1.4 billion with its automotive and industrial business both down. Texas Instruments was slightly up sequentially thanks to a rebound in personal electronics and enterprise systems, while On Semi posted revenue decline for all business segments. By contrast, Monolithic Power Systems, the largest share gain in 2Q24 (+0.7%), exceeded its 2Q24 expectations largely pulled by its data center power business.
