DC-DC Converter IC’s Market: Global Industry Analysis and Forecast (2024-2030)

  • The DC-DC Converter IC’s Market size was valued at USD 10.54 Bn. in 2023 and the total Global DC-DC Converter IC’s revenue is expected to grow at a CAGR of 7.5 % from 2024 to 2030, reaching nearly USD 17.49 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2003

DC-DC Converter IC’s Market Overview

DC-DC Converter IC’s refer to integrated circuits that are used to convert a direct current (DC) voltage from one level to another. These ICs typically contain components such as transistors, diodes, and capacitors to efficiently regulate and change the voltage level. The SMR report examines the primary drivers behind the increasing demand, including technological advancements, the rise of new applications, and the need for efficient power management solutions across various industries. Technological advancements in DC-DC converters IC’s thoroughly covered in the report, driven by materials innovation and advanced packaging techniques, have significantly enhanced efficiency, performance, and thermal management. Innovations like chip-scale and 3D packaging enable smaller, more integrated, and efficient converter IC’s, ideal for compact devices.

 

Investors have abundant opportunities in the rapidly growing DC-DC converter IC’s market, driven by technological innovation. Key investment areas include focusing on companies specializing in Gallium Nitride (GaN) and Silicon Carbide (SiC) technologies for enhanced efficiency and performance, these materials enhance efficiency by up to 40% and performance in power converters. Also, funding research and development in advanced packaging techniques, like chip-scale and 3D packaging, facilitates the development of more compact and efficient converters.  The report covers the participation of major players from China, South Korea, and Taiwan significantly influences the global DC-DC converter IC’s market.

 

These companies drive innovation, improve efficiency, and broaden the applications of DC-DC converters IC’s, raising overall market growth. Samsung Electronics, a renowned global leader in electronics, holds a prominent position in the DC-DC converter IC’s market. The company focuses on high-efficiency and compact solutions for various applications, including consumer electronics. For example, In April 2024, Samsung Electronics announced a substantial investment of $40 billion to establish a semiconductor cluster across multiple locations in Texas, further strengthening its presence and impact in the DC-DC Converter IC’s industry.

DC-DC Converter IC’s Market

 

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DC-DC Converter IC’s Market Dynamics

Growing Demand for Portable Electronics

The proliferation of portable electronic devices such as smartphones, tablets, laptops, and wearable technology is a significant driver. These devices require efficient power management to prolong battery life and improve performance, driving the demand for advanced DC-DC converter ICs. The exponential growth in smartphones, tablets, laptops, and wearable’s drives a rising demand for efficient power management through DC-DC converters IC’s, essential for voltage regulation. As portable electronics become more sophisticated, the need for advanced DC-DC converters IC’s increases.

 

These advanced converters offer higher efficiency, crucial for maximizing battery life by minimizing power loss. Additionally, they are smaller, supporting the trend towards sleek, compact designs. Enhanced thermal performance is also vital, as these converters help dissipate heat effectively, ensuring optimal performance and reliability in portable devices. Thus, the demand for advanced DC-DC converters IC’s grows in tandem with technological advancements.

DC-DC Converter IC’s Market1

Thermal Management

Thermal management is a critical challenge for DC-DC Converter IC’s because as these components become powerful and compact, they generate more heat. Effective thermal management is essential to ensure that these converters operate efficiently without overheating. Overheating leads to reduced performance, reliability issues, and shorter lifespans for electronic devices. Therefore, advanced materials and innovative thermal design solutions are necessary to dissipate heat effectively. The challenge of thermal management significantly impacts the DC-DC converter IC’s market.

 

Devices that fail to manage heat effectively suffer from performance degradation and reliability issues, leading to increased returns and warranty claims. Also, the demand for miniaturized and high-power applications continues to grow, placing additional strain on thermal management solutions. Manufacturers invest in research and development to create converters that handle higher thermal loads while maintaining performance and reliability. Leading companies in the semiconductor industry increased their R&D investments significantly to address thermal management challenges. For example, Texas Instruments, a key player in the DC-DC converter IC’s market, increased its R&D spending by about 10% annually, focusing on developing advanced materials and innovative thermal solutions.

 

DC-DC Converter IC’s Market Segment Analysis

By Vertical, the Telecommunication segment holds a significant share in 2023, because of the extensive use of DC-DC converters IC’s in base stations, network equipment, and communication devices. The telecommunication sector's rapid expansion, driven by the increasing demand for high-speed data transmission, is a key driver for the DC-DC Converter IC’s market. With the rollout of 5G technology and the proliferation of Internet of Things (IoT) devices, telecommunication networks require efficient power management solutions to support the growing demand for connectivity and data exchange. DC-DC converters IC’s play a crucial role in ensuring stable and efficient power supply to telecommunication equipment, optimizing performance and reliability.

 

DC-DC Converter IC’s Market Regional Insights

Asia Pacific leads the global DC-DC Converter IC’s market, holding XX% of the market share in 2023. The Asia Pacific region is a key manufacturing hub for smartphones, tablets, laptops, and other consumer electronics, driving high demand for DC-DC converter ICs. Government initiatives, including subsidies for R&D, tax breaks, and infrastructure investments, actively promote the domestic electronics industry. Additionally, the region benefits from cost-effective production due to abundant labor and raw materials, allowing manufacturers to produce DC-DC converters at lower costs than in other regions. The combination of high demand, supportive government policies, and competitive production costs fosters a thriving environment for DC-DC Converter IC’s manufacturers.

 

  • Companies in Asia Pacific have significantly increased their R&D investments. For instance, in 2022, TSMC announced a $100 billion investment over the next three years to expand its semiconductor manufacturing and R&D facilities.
  • India's drive towards semiconductor self-sufficiency receives a significant increase as the government approves a massive $15 billion (?1.26 lakh crore) investment in the establishment of three semiconductor plants, including a proposal from Tata Group to build the country’s first major chip-making facility.

DC-DC Converter IC’s Market2

DC-DC Converter IC’s Market Competitive Landscape

New products with advanced materials and technologies have greatly enhanced the efficiency and performance of DC-DC converters, meeting the rising demand for longer battery life and higher power densities in consumer electronics. Chip-making these advancements have allowed manufacturers to expand into new markets, such as electric vehicles (EVs), renewable energy systems, and industrial automation, driving DC-DC Converter IC’s market growth. Companies investing in R&D and releasing innovative DC-DC converters gain a competitive edge, attracting more customers and increasing their DC-DC Converter IC’s market share. It drives overall DC-DC Converter IC’s market competition, promoting continuous innovation.

 

1. In June 2022, TDK Corporation introduced the ruggedized non-isolated DC-DC converters of the 250W-rated TDK-Lambda RGA series. These step-down converters operate with input voltages between 9 and 40 volts or 9 and 53 volts, delivering output voltages ranging from 3.3 to 15 volts, 3.3 to 24 volts, or 3.3 to 40 volts, and an output current of up to 20 amps.

2. In November 2021, Cincon Electronics launched the EC2SBW-H Series, featuring a wide 4:1 input range DC-DC converter. Input ranges are 9-36VDC and 18-74VDC, with single outputs of 3.3, 5, 12, and 15 VDC, and dual outputs of ±12 and ±15 VDC. The series includes a remote on/off function and optional industrial M2 grade models capable of operating at -55°C.

3. In December 2022, Advanced Energy Industries, Inc. released two rugged DC/DC converters, the ERM100 and ERM150 series, optimized for demanding railway and mass transportation applications. These additions to the Artesyn product line offer compact quarter-brick, fully encapsulated 100 W and 150 W options with efficiency levels of up to 91.5%.

DC-DC Converter IC’s Market Scope

Market Size in 2023

USD 10.54 Bn.

Market Size in 2030

USD 17.49 Bn.

CAGR (2024-2030)

7.5 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

 

By Vertical 

Telecommunication

eMobility

Industrial

Aerospace and Defence

Medical

Railway

Server, Storage and Network

Consumer Electronics

Energy and Power

By Application

Automotive

Telecommunications

Electric Vehicles (EVs)

Medical Devices

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Players in the DC-DC Converter IC’s Market

  1. Texas Instruments Inc
  2. Analog Devices, Inc.
  3. Maxim Integrated
  4. ON Semi
  5. Infineon Technologies AG
  6. STMicroelectronics
  7. ROHM Semiconductor
  8. Renesas Electronics Corporation
  9. Power Integrations, Inc.
  10. Monolithic Power Systems, Inc.
  11. Diodes Incorporated
  12. XP Power
  13. Cosel Co., Ltd
  14. Vicor Corporation
  15.  Flex Power Modules
  16. Sanken Electric Co., Ltd
  17. NXP Semiconductor
  18. XXX Inc.


Frequently Asked Questions

DC-DC converters find applications in various industries and electronic devices, including consumer electronics, automotive, telecommunications, industrial automation, renewable energy systems, medical devices, aerospace, and defense.

1.    DC-DC Converter IC’s Market: Research Methodology 
2.    DC-DC Converter IC’s Market: Executive Summary
3.    DC-DC Converter IC’s Market: Competitive Landscape

3.1. Stellar Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1.    Market Leaders 
3.4.2.    Market Followers
3.4.3.    Emerging Players

3.5. Consolidation of the Market
4.    DC-DC Converter IC’s Market: Dynamics
4.1. Market Trends by Region
4.1.1.    North America
4.1.2.    Europe
4.1.3.    Asia Pacific
4.1.4.    Middle East and Africa
4.1.5.    South America

4.2. Market Restraints
4.3. Market Opportunities
4.4. Market Challenges
4.5. PORTER’s Five Forces Analysis
4.6. PESTLE Analysis
4.7. Strategies for New Entrants to Penetrate the Market
4.8. Regulatory Landscape by Region
4.8.1.    North America
4.8.2.    Europe
4.8.3.    Asia Pacific
4.8.4.    Middle East and Africa
4.8.5.    South America

5.    DC-DC Converter IC’s Market Size and Forecast by Segments (by Value in USD Million)
5.1. DC-DC Converter IC’s Market Size and Forecast, by Vertical  (2023-2030)
5.1.1.    Telecommunication
5.1.2.    eMobility
5.1.3.    Industrial 
5.1.4.    Aerospace and Defense
5.1.5.    Medical
5.1.6.    Railway
5.1.7.    Server, Storage and Network
5.1.8.    Consumer Electronics
5.1.9.    Energy and Power

5.2. DC-DC Converter IC’s Market Size and Forecast, by Application (2023-2030)
5.2.1.    Automotive
5.2.2.    Telecommunications
5.2.3.    Electric Vehicles (EVs)
5.2.4.    Medical Devices 
5.2.5.    Others 

5.3. DC-DC Converter IC’s Market Size and Forecast, by Region (2023-2030)
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

6.    North America DC-DC Converter IC’s Market Size and Forecast (by Value in USD Million)
6.1. North America DC-DC Converter IC’s Market Size and Forecast, by Vertical  (2023-2030)
6.1.1.    Telecommunication
6.1.2.    eMobility
6.1.3.    Industrial 
6.1.4.    Aerospace and Defense
6.1.5.    Medical
6.1.6.    Railway
6.1.7.    Server, Storage and Network
6.1.8.    Consumer Electronics
6.1.9.    Energy and Power

6.2. North America DC-DC Converter IC’s Market Size and Forecast, by Application (2023-2030)
6.2.1.    Automotive
6.2.2.    Telecommunications
6.2.3.    Electric Vehicles (EVs)
6.2.4.    Medical Devices 
6.2.5.    Others 

6.3. North America DC-DC Converter IC’s Market Size and Forecast, by Country (2023-2030)
6.3.1.    UK
6.3.2.    France
6.3.3.    Germany
6.3.4.    Italy
6.3.5.    Spain
6.3.6.    Sweden
6.3.7.    Austria
6.3.8.    Rest of Europe

7.    Asia Pacific DC-DC Converter IC’s Market Size and Forecast (by Value in USD Million)
7.1. Asia Pacific DC-DC Converter IC’s Market Size and Forecast, by Vertical  (2023-2030)
7.1.1.    Telecommunication
7.1.2.    eMobility
7.1.3.    Industrial 
7.1.4.    Aerospace and Defense
7.1.5.    Medical
7.1.6.    Railway
7.1.7.    Server, Storage and Network
7.1.8.    Consumer Electronics
7.1.9.    Energy and Power

7.2. Asia Pacific DC-DC Converter IC’s Market Size and Forecast, by Application (2023-2030)
7.2.1.    Automotive
7.2.2.    Telecommunications
7.2.3.    Electric Vehicles (EVs)
7.2.4.    Medical Devices 
7.2.5.    Others 

7.3. Asia Pacific DC-DC Converter IC’s Market Size and Forecast, by Country (2023-2030)
7.3.1.    China
7.3.2.    S Korea
7.3.3.    Japan
7.3.4.    India
7.3.5.    Australia
7.3.6.    Indonesia 
7.3.7.    Malaysia
7.3.8.    Vietnam
7.3.9.    Taiwan
7.3.10.    Bangladesh 
7.3.11.    Pakistan
7.3.12.    Rest of Asia Pacific

8.    Middle East and Africa DC-DC Converter IC’s Market Size and Forecast (by Value in USD Million)
8.1. Middle East and Africa DC-DC Converter IC’s Market Size and Forecast, by Vertical  (2023-2030)
8.1.1.    Telecommunication
8.1.2.    eMobility
8.1.3.    Industrial 
8.1.4.    Aerospace and Defense
8.1.5.    Medical
8.1.6.    Railway
8.1.7.    Server, Storage and Network
8.1.8.    Consumer Electronics
8.1.9.    Energy and Power

8.2. Middle East and Africa DC-DC Converter IC’s Market Size and Forecast, by Application (2023-2030)
8.2.1.    Automotive
8.2.2.    Telecommunications
8.2.3.    Electric Vehicles (EVs)
8.2.4.    Medical Devices 
8.2.5.    Others 

8.3. Middle East and Africa DC-DC Converter IC’s Market Size and Forecast, by Country (2023-2030)
8.3.1.    South Africa
8.3.2.    GCC
8.3.3.    Egypt
8.3.4.    Nigeria
8.3.5.    Rest of ME&A

9.    South America DC-DC Converter IC’s Market Size and Forecast (by Value in USD Million)
9.1. South America DC-DC Converter IC’s Market Size and Forecast, by Vertical  (2023-2030)
9.1.1.    Telecommunication
9.1.2.    eMobility
9.1.3.    Industrial 
9.1.4.    Aerospace and Defense
9.1.5.    Medical
9.1.6.    Railway
9.1.7.    Server, Storage and Network
9.1.8.    Consumer Electronics
9.1.9.    Energy and Power

9.2. South America DC-DC Converter IC’s Market Size and Forecast, by Application (2023-2030)
9.2.1.    Automotive
9.2.2.    Telecommunications
9.2.3.    Electric Vehicles (EVs)
9.2.4.    Medical Devices 

9.3. South America DC-DC Converter IC’s Market Size and Forecast, by Country (2023-2030)
9.3.1.    Brazil
9.3.2.    Argentina
9.3.3.    Rest of South America

10.    Company Profile: Key players
10.1. Texas Instruments Inc
10.1.1.    Company Overview
10.1.2.    Financial Overview
10.1.3.    Business Portfolio
10.1.4.    SWOT Analysis
10.1.5.    Business Strategy 
10.1.6.    Recent Developments

10.2. Analog Devices, Inc.
10.3. Maxim Integrated
10.4. ON Semi
10.5. Infineon Technologies AG
10.6. STMicroelectronics
10.7. ROHM Semiconductor
10.8. Renesas Electronics Corporation
10.9. Power Integrations, Inc.
10.10. Monolithic Power Systems, Inc.
10.11. Diodes Incorporated
10.12. XP Power
10.13. Cosel Co., Ltd
10.14. Vicor Corporation
10.15.  Flex Power Modules
10.16. Sanken Electric Co., Ltd
10.17. NXP Semiconductor
10.18. XXX Inc. 
11.    Key Findings
12.    Industry Recommendation

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