“Power electronics and LEDs are different industries that today face similar challenges,” said Dr. Pierric Gueguen, business unit manager at Yole, in a press release about the report. He adds, “Needs for green energy with lower CO2 emissions have led these industries to develop more efficient and smaller solutions.” At the device level, cost pressure and the need for better performance is pushing designers toward smaller and thinner chips, also leading to increased power density. Such power density targets in both power electronics and LEDs bring a convergence of thermal management requirements, supporting the development of new materials.
Among materials used for thermal management, Yole specifically investigated the market and technology evolution of die-attach, substrates, baseplates/PCBs, and encapsulants. Overall, the market for these materials was worth US$1.98 billion in 2015 and will grow to US$3.16 billion by 2021 at a CAGR of 6%.