Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) Market: By Product (PSiP and PwrSoC), Application Area (Telecom and IT, Automotive, Consumer Electronics, Medical Devices and Military & Defense) - Forecast till 2027

PSiP and PwrSoC Market Overview 

Power Supply in Package and Power Supply on Chip Market is predicted to touch USD 2,300 Million between 2017- 2023. Today, the power module is a crucial technology that has various purposes. It has high usage in semiconductor devices. Especially, automotive, medical devices and communication infrastructure has a high demand for the power module. The current flow in electronic devices plays high importance. The need for power regulation is crucial. The automotive industry uses electric parts that need a proper power supply.

 Regulating it can bring efficiency in any industry. Also, cost-saving with the power supply module is exceptional. The application requiring high voltage requires a power supply module. The power supply in the package is gaining more traction in the chip market. The power supply package is exceptional in converting energy efficiently. The chip market requires a high amount of power supply.

 The power supply in the package solution is gaining more prominence in developed regions. The developed electric infrastructure makes these power supply packages more beneficial. In the upcoming years, the demand from North America and European countries will rise. Also, in the forecast period Power Supply in Package and Power Supply on Chip Market will rise immensely. 

PSiP and PwrSoC Market Covid Analysis 

The outbreak of covid 19 is drastic for many markets. There is a high impact of the pandemic in the power supply package market. Small and medium enterprises are facing massive losses. The operations of these firms are declining. There is a fall in the power supply in packages and power supply on the chip market. The implementation of the restriction and lockdowns is affecting the market growth.

There is limited manpower, less production and closedown of manufacturing facilities. There are supply chain disruptions that have a high impact on this market. The market is dynamics with plenty of new changes. The post covid 19 scenario of the market remains positive. In 2022, better production and supply chain raise the revenue. All these are factors impacting the growth of this market during covid 19. 

PSiP and PwrSoC Market Dynamics 

• Crucial Market Drivers 

The growing adoption of automation systems is a crucial driver of the power supply in package and power supply on chip market. Today, automation is becoming a market trend. From offices to residences is adopting automation. This automation technology may require less human intervention. They make any task efficient and easier. However, these automated technologies may consume a lot of energy. There is a need for effective voltage regulation in electronic automated technologies. The demand for such automation technologies will positively impact the market. 

Power Supply in Package and Power Supply on Chip Market Demand is immense due to these factors. Furthermore, the emerging telecommunication sectors are a crucial driver for the market. Telecommunication is an industry that deals with high voltage devices. The use of power supply in packages can bring efficiency and save costs. The emergence of new tele companies will stir growth.

Additionally, the growing adoption of energy-efficient appliances is another crucial driver. The energy-efficient devices use a power supply in the package. The electronic appliances that contain chips find this power source beneficial. There are many advantages of the PSiP in these industries. The expansion of the power supply in package and power supply on chip market is exceptional due to these market drivers. 

• The Market Growth Opportunities 

The growing use in data centres will create market growth opportunities. There is expected to be a massive number of data centres in upcoming years. Data centres have plenty of applications in the next few years. The need to store and manage data is high in these centres. The growing use of power supply on data centres will create promising opportunities.

 Data centres are becoming crucial to managing information. The need for better data use will increase in upcoming years. The constant power supply is possible through the PSiP. Further, the rising demand in developing nations is another growth factor. The developing nations have high energy requirements. The need for better and more effective energy sources are high. Also, the investment in this region is exceptional. Due to these factors, the expansion of the Power Supply in the Package and Power Supply in the Chip Industry is higher. 

• The Market Restraints 

The complexity of design is a restraining factor of the market. The Power Supply in Package and Power Supply on Chip is complex technology. Making these power supply sources may consume more time and energy. From the manufacturing end, there are plenty of difficulties in production.

Due to the complex design, the production is affected. The covid 19 pandemic is another factor that restricts production. This slowdown in manufacture can lead to a decline in supply. There are problems in the delivery end of the market. Most of the end-users witness a late delivery of the product. These restraints hamper the growth of this market. They can have a declining impact on Power Supply in Package and Power Supply on Chip market in the forecast. 

• The Market Challenge 

The high cost of Power Supply in Package and Power Supply on Chip is a market challenge. Affordable and efficient energy attracts many end users. Most of the end-users prefer the low-cost alternatives of energy sources. The Power Supply in Package and Power Supply on Chip is a long term investment for any business.

In the long term, they can save energy and another organisational cost. Due to this benefit, the cost of the power supply in the package solution is higher. However, the high cost can affect the adoption rate. The customers may hesitate to implement it because of the cost. It is a market challenge that can reduce awareness. 

• Cumulative Growth Analysis 

Power Supply in Package and Power Supply on Chip Market Analysis shows positive growth. The factors driving demand are the growing adoption of automated systems. Automation is leading to more energy uses. The need for voltage regulation in devices is rising. This is a crucial driver that will contribute to the high revenue of the market. The complexity of this market can restrict its growth of this market.

Also, high cost acts as a barrier to adoption. Still, the growth is stable with the emergence of data centres. These are factors contributing to the overall growth of this market. 

• Value Chain Analysis 

The Asia Pacific will have the maximum Power Supply in Package and Power Supply on Chip Market Share. In the forecast period, it is a region that will mark the fastest growth. It is a region that will hold about 30% of market shares. The manufacturing sectors will have the highest demand.

The manufacturing facilities in Asia pacific are transforming. The use of modern technologies and automation is higher. It is bringing high demand for PSiP. Further, internet penetration, economic growth and IT are other drivers. However, high cost is a challenge for this market. Still, the region has promising growth opportunities in the next few years. 

Segment Overview 

By Product

• PSiP


• PwrSoC

By Application

• Medical Devices 


• Automotive 


• Consumer Electronics 


• Military and Defense 


• Telecom and IT

By Region

• North America


• Europe


• Uk


• Germany 


• Asia Pacific (APAC)


• India 


• Japan 


• China 


• Korea 


• South America 


• The Middle East and Africa (MEA) 

Competitive Landscape 

The Power Supply in Package and Power Supply on Chip Market has high competition. The presence of third party players is more. In the forecast period, there are crucial strategies among key players. The market expects a high number of partnerships, collaborations, acquisitions and mergers. Further, the product portfolio will have prominence in the market. 

Regional Analysis 

The key regions in the Power Supply in Package and Power Supply on Chip Market are Asia Pacific, Europe and North America. The Asia Pacific will continue to lead with the high number of shares. The medical devices and manufacturing facilities will have a high need for this product. Further, countries such as India, china and Japan will enhance product portfolios.

North America will hold the next highest shares of the market. There is more scope for PSiP in this region. Also, the cost barriers are less in this market. The consumer electronics market will have massive demand. Further, Europe is a region that has more expansion rate. UK and Germany will witness higher adoption of PSiP in the forecast period. 

The key players of the Power Supply in Package and Power Supply on Chip Market are 

1. Bel Fuse Inc.


2. Texas Instruments Incorporated


3. ON Semiconductor


4. Panasonic Corporation


5. Vicor Corporation


6. Jiangsu Changjiang Electronics Technology Co. Ltd.


7. Amkor Technology


8. TDK Corporation


9. Intel Corporation


10. ASE Group

Recent Developments 

1. Key players are witnessing high demand for PSip in the electronics sector. There are new developments in the market that targets automotive end-users. 

Report overview 

1. Market Overview Highlights 


2. Analysis Based Upon COVID 19


3. Explanation upon the Market Dynamics


4. Value Chain Analysis


5. Market Segmentation Overview


6. The Regional Analysis


7. Competitive Landscape Analysis


8. Recent Developments

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 2,300 Million
CAGR	Substantial CAGR
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Application Area and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Bel Fuse Inc., Texas Instruments Incorporated, ON Semiconductor, Panasonic Corporation, Vicor Corporation, Jiangsu Changjiang Electronics Technology Co. Ltd., Amkor Technology, TDK Corporation, Intel Corporation and ASE Group
Key Market Opportunities	Affordable Manufacturing Cost and Low Power Consumption to Offer Robust Opportunities
Key Market Drivers	Simple Manufacturing Process to Bolster Market Growth Increasing Outlays in Research and Development Pipelines Technological Advancements in Packaging Technology

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