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Silicon Carbide MOSFETs Market Trends

Report ID: GMI12011
Published Date: Oct 2024
Report Format: PDF

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Silicon Carbide MOSFETs Market Trends

The rapid growth of the electric vehicle market is one of the most significant trends driving the adoption of SiC MOSFETs. With the automotive industry increasingly focusing on electrification, SiC MOSFETs are becoming the preferred choice for EV powertrains and charging systems due to their superior efficiency and ability to reduce overall energy consumption. This trend is expected to accelerate as automakers seek to enhance vehicle range and performance while meeting stringent emission regulations.

The rollout of 5G networks is creating new opportunities for the silicon carbide MOSFETs market. 5G infrastructure requires high-performance power management solutions to support the increased data transfer rates and higher power requirements. SiC MOSFETs, with their ability to operate efficiently at higher frequencies and temperatures, are becoming essential components in 5G base stations and data centers. As 5G technology continues to expand globally, the demand for SiC MOSFETs in telecommunications is expected to grow significantly, driven by the need for faster and more reliable network performance.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global market size for silicon carbide MOSFETs was valued at approximately USD 2 billion in 2023 and is expected to reach around USD 21.5 billion by 2032, driven by a CAGR of 30.1% from 2024 to 2032 due to the rising adoption of electric vehicles (EVs).

The silicon carbide MOSFETs industry from module SiC MOSFETs segment is expected to register a CAGR of 31% during the forecast period from 2024 to 2032, due to its superior performance in high-power applications.

The U.S. accounted for a 67.8% share of the North America market in 2023, driven by strong demand from the EV industry, renewable energy sector, and advanced power electronics applications.

Major players in the industry include Hitachi Power Semiconductor Device, Ltd., Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, ON Semiconductor, Renesas Electronics Corporation, ROHM Semiconductor, and STARCHIP.