Intelligent Power Switches Market Size & Share, by Type (High Side Switches, Low Side Switches); Application (Automotive, Industrial, Commercial, Residential, Construction) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5312
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Intelligent Power Switches Market size is expected to cross USD 66 Billion by the end of 2036, witnessing around 6% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of intelligent power switches was over USD 2 Billion. The growing penetration of smart devices can be seen as a contributing factor to market growth. It was predicted that between 2023 and 2027, worldwide user penetration of the smart home would increase at a constant rate of 12.5 percentage points. The penetration rate of users is estimated to rise to 28.84 percent, a new peak for 2027 following four successive annual increases.

In addition, for safety features like windscreen wipers, power seats, and window lifters, intelligent power switches are also utilized in hydraulic valve control, commercial and agricultural vehicles, construction flap drivers, and safety relay replacement. For instance, STMicroelectronics introduced two intelligent power switches, the IPS160HF and IPS161HF, which are used in critical safety applications and have low-dissipative short-circuit protection in order to reduce power dissipation in the event of an output short.

Intelligent Power Switches Market
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Intelligent Power Switches Market: Growth Drivers and Challenges

Growth Drivers

  • Surging Global Electric Vehicle Market- A period of unparalleled changes is now gripping the world's automotive industry. In order to improve the impact of this sector on the environment, there is a need for urgent progress. The electrification of vehicle powertrains, from the deployment of start and stop technologies to fully battery electric vehicles is often seen as a means by which the global automotive industry can reach its objective of true sustainability. The core of the low-pollution automotive sector is electric vehicles, which are able to reduce CO2 emissions significantly and compensate for the greenhouse effect in a certain way. Several standards of vehicle electrification have been defined by SAE International, the world's largest trade association in this area, and can help to develop vehicles safely and efficiently. In 2022, electric car sales exceeded 10 million, which proves that the market is growing by leaps and bounds across the globe. In three years, from around 4% in 2020 to 14% in 2022, there has been an increase of over 300% in the shares of EVs in total sales.
  • Worldwide Surge in Urbanization- The rapidly rising trend of urbanization is leading to a significant increase in the number of cities worldwide. As people drive towards cities to have a good quality of life with plenty of facilities, the number of cities is growing. As a consequence, due to rapid urbanization and the emergence of cutting-edge modular electric appliances, the market for electricity switches is rapidly expanding intelligent power switches market.
  • Growing Adoption of GaN and SiC Materials in Automobile and Power Semiconductor Applications- These new semiconductor materials offer better thermal conductivity and higher switching speeds and are smaller than traditional silicon ones. The use of SiC and GaN has resulted in improvements in existing semiconductor technologies, such as MOSFETs and isolated gate bipolar transistors. The fastest-growing applications of SiC include electric vehicles (EVs) and EV charging, where SiC plays a vital role in fast chargers and charging stations. While driving an EV, the electronics system is designed to support the complete load of the vehicle’s power capability, which is achievable with SiC-based designs. They are also used in EV inverters, increasing the system’s efficiency by up to 80%.


  • Slow Adoption of Novel Technologies and Complex Design- For the intelligent power switches market to expand quickly, new trends and technologies must be incorporated. Although new technology and its advantages appeal to engineers, designing a control structure is difficult. As a result, the market adopts new technologies at a relatively moderate rate, which would impede the technology's development. The companies in the intelligent power module market also put a lot of effort into combining many functions onto a single chip, which leads to complicated designs. Complex device design and integration call for specialised knowledge, a sound approach, and a variety of technologies.
  • The market may be more compact when they operate at higher frequency switches. We need to address these technological challenges for the future.
  • High initial investment cost may restrain the market growth to some extent during the forecast period.

Intelligent Power Switches Market: Key Insights

Base Year


Forecast Year



~ 6%

Base Year Market Size (2023)

 ~ USD 2 Billion

Forecast Year Market Size (2036)

 ~ USD 66 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Intelligent Power Switches Segmentation

Type (High Side Switches, Low Side Switches)

The high side switches dominated the intelligent power switches market with about 55% revenue share during the forecast period. The growth is expected as a result of increased demand for applications in the high side switches sector around the world during the forecast period. In additions, these switches have been applied for a variety of applications, such as automobile, industrial, commercial and construction. The overall sales of passenger cars have gone up from 30,69,523 to 38,90,114 units across the globe.

Application (Automotive, Industrial, Commercial, Residential, Construction)

Industrial intelligent power switches market is projected to account for 38% of the revenue share during the forecast period as demand for reliable, efficient, and cost-effective power switches increases. The key drivers are growing fast-track digital data and enabling it to achieve insight into user behaviour which motivates market development.  It is projected that by 2020 there will be an overall growth in the amount of data generated, captured, downloaded, and consumed worldwide to reach 64.2 terabytes. The global production of data is expected to increase by more than 180 terabytes in the next five years up to 2025.

Our in-depth analysis of the global intelligent power switches market includes the following segments:


  • High Side Switches
  • Low Side Switches


  • Automotive
  • Industrial
  • Commercial
  • Residential
  • Construction

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Intelligent Power Switches Industry - Regional Synopsis

North American Market Forecast

Intelligent power switches market in North America is anticipated to have largest revenue share of about 28% during the forecast period. The allocation factor is based on the fact that a number of organisations are focusing on innovation and using advanced technology to enhance the efficiency of current intelligent power switches, funded by both State and Federal industrial funds. For instance, the Consumer Technology Association (CTA) projects that the U.S. consumer technology industry will bring in over USD 505 billion in retail sales revenue in 2022, an increase of 2.8% in revenue from 2021.

APAC Market Statistics

Asia Pacific region is expected to hold 25% share of the global intelligent power switches market by 2036. The growth in this market has been driven by different pockets of algorithmic improvements and improved reliability for their intelligent power switches. The region is expected to generate potential in the market for intelligent switches over the next few years.

Research Nester
Intelligent Power Switches Market size
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Companies Dominating the Intelligent Power Switches Market

    • Freescale Semiconductor, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Fairchild Semiconductor International, Inc.
    • Microchip Technology Inc.
    • Infineon Technologies AG
    • SCHUKAT electric
    • STMicroelectronics
    • Texas Instruments Incorporated
    • ON Semiconductor
    • Maxim Integrated

In the News

  • High-speed, low-latency connectivity solutions for distributed, heterogenous compute systems are a fundamental element in next-generation autonomous driving applications. Microchip Technology Inc. is announcing the market’s first Gen 4 automotive-qualified PCIe® switches. These Switchtec PFX, PSX and PAX switch solutions provide cutting-edge compute interconnect capabilities for Advanced Driver Assistance Systems (ADAS).
  • Smart power switch family Power PROFET™ + 12V enables modern power distribution architectures with lowest ohmic switches for automotive applications. Since relays and fuses cannot meet the requirements of modern E/E vehicle architectures, partial or complete electrification of the primary and secondary power distribution must be considered. To address this issue, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has launched a new generation of ultra-low ohmic high-side switches in a TO-leadless package, the Power PROFET™ + 12V switch family.

Author Credits:  Abhishek Verma

  • Report ID: 5312
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising trend of miniaturization in electronic devices and rising electric vehicles are the major factors driving the growth of the intelligent power switches market.

The market size of intelligent power switches is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Fairchild Semiconductor International, Inc., Microchip Technology Inc., Infineon Technologies AG, SCHUKAT electric, STMicroelectronics, Texas Instruments Incorporated, TOREX SEMICONDUCTOR LTD., ON Semiconductor, and others.

The high side switches segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Intelligent Power Switches Market Report Scope

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