How big is the automotive power module market | Size, Share & Outlook 2025

Q: How big is the automotive power module market?

The automotive power module market is projected to reach USD 7.1 billion by 2031.

Q: What is the CAGR of the automotive power module market during the forecast period?

The market is expected to grow at a CAGR of 7.9% during forecast period.

Q: How are power modules used in electric vehicles?

They are critical for managing power flow in inverters, onboard chargers, and DC-DC converters, enabling efficient battery usage and energy recovery.

Q: What are key design trends in modern automotive power modules?

High integration, improved thermal conductivity, compact form factors, and double-sided cooling designs are trending in next-gen modules.

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Code: MTA5247

Publication Date: Jul 2025

How big is the automotive power module market?

According to 6Wresearch internal database and industry insights, the Global automotive power module market was valued at USD 4.4 Billion in 2024 and is expected to reach USD 7.1 Billion by 2031, growing at a compound annual growth rate of 8.10% during the forecast period (2025-2031).

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This growth is primarily driven by the rising production of electric and hybrid vehicles, demand for improved power efficiency, and growing adoption of advanced powertrain systems. The shift toward compact, high-performance modules supporting autonomous driving, energy recovery systems, and electronic control units (ECUs) further accelerates market expansion.

Key Growth Factors of the Automotive Power Module Market

The adoption of electric and hybrid vehicles has accelerated.
More usage of power modules in onboard chargers, DC-DC converters, and EV inverters
Growing trends in the electrification of steering, braking, and gearbox systems in vehicles
Wide-bandgap semiconductor material development, such as SiC and GaN Automotive OEMs are putting more emphasis on miniaturisation and heat management.
Growing demand for highly reliable and energy-efficient power conversion solutions

Automotive Power Module Market Trends

The market is witnessing a rapid shift toward silicon carbide (SiC)-based power modules due to their efficiency at high temperatures and voltage levels. There is increased integration of power modules within electric drivetrains for better space utilization and performance. Compact, high-power-density modules are in demand to reduce energy loss. Additionally, A growing preference for vertically integrated supply chains among OEMs to secure power electronics components.

Emerging Developments in the Automotive Power Module Market

Recent innovations include double-sided cooling modules, low-inductance packaging, and AI-based thermal monitoring solutions. Manufacturers are also designing modular and scalable power electronics platforms to support multiple EV variants. Advanced encapsulation materials and 3D packaging technologies are gaining popularity to boost reliability under harsh automotive environments. Automakers are collaborating with power electronics firms for customized and integrated solutions.