Limited space for heat dissipation components to hinder automotive transistor market growth. SiC and GaN require less cooling, reducing cost, and are complex due to their high efficiency and advanced thermal properties. Semiconductors made of SiC or GaN have less conduction and less switching loss, making them more energy efficient. Wide band gap semiconductors provide a lot of benefits compared to traditional silicon-based transistors. The Demand for Wide Bandgaps Semiconductors to Drive Market Growth Owing to its Benefits Fortune Business Insights™ mentioned this in a report titled “Automotive Transistor Market, 2023-2030.” The design of vehicles has evolved rapidly in recent decades, with an increasing number of vehicles now equipped with onboard networks that necessitate highly dependable voltage regulators and powered diodes. Transistors are used to regulate the current flowing through the circuit board precisely. Furthermore, transistors utilize electrical power to amplify and convert electronic signals. Transistors are semiconductor devices used to convert or amplify electrical signals or power. This information is published by Fortune Business Insights, in its latest market research report titled, “Automotive Transistor Market Size, Share & COVID-19 Impact Analysis, By Architecture Type (Negative-Positive-Negative (NPN) and Positive-Negative-Positive (PNP)), By Application Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2023-2030.” In the long term, the market is forecasted to grow to a worth of USD 6.90 billion by 2030, at a CAGR of 4.50% during the period from 2023 to 2030. 12, 2023 (GLOBE NEWSWIRE) - The global automotive transistor market size was valued at USD 4.90 billion in 2022 and is projected to reach USD 5.07 billion by the end of 2023.
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