Global MOSFET Power Transistors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global MOSFET Power Transistors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Power MOSFET Market Size is expected to register a CAGR of 3.2% during the forecast period. The electronics industry is one of the major consumers of the MOSFET power transistor. The pandemic has disrupted the supply chain and hindered the equilibrium of the market; steadily escalating electronics, automobile, and health care sectors will supplement the growth of the MOSFET power transistor market over the forecast period.

Key Highlights

• The global proliferation of electronic gadgets among millennials, health-care appliances, and upcoming HEVs and EVs in the automotive sector is a strong indication of the industry. The growth of the power MOSFET transistors market will be aided by rising technical advancements and a steady stream of innovative technologies. Over the forecasted period, power MOSFET transistors have a lot of potential to support the exponentially growing electronics and vehicle industries.
• Power MOSFET transistors are widely used for lighting, solar, EV charging, DC-DC converter, and onboard charger. Due to the increase in demand for electric and hybrid electric vehicles globally, the power MOSFET transistors market is expected to offer lucrative opportunities.
• Further, power MOSFETs are discrete transistor devices that are utilized in industrial, automotive, and consumer applications to switch high-voltage and high-current signals. In these sectors, the demand for high-efficiency power solutions is growing, posing new challenges such as higher switching frequencies, smaller footprints and weights, and improved thermal management.
• The COVID-19 pandemic severely impacted the Power transistors market. Semiconductors and Electronics production facilities halted due to the slowdown and non-availability of labor across the globe. COVID-19 caused a significant and prolonged drop in manufacturing utilization and travel bans & closure of manufacturing facilities, which in turn led to a decrease in the growth of the power transistor industry.

Key Market TrendsAutomotive is Expected to Hold Significant Market Share

• The increasing demand for electric vehicles worldwide and to keep drivers safe, MOSFET Power Transistors are used in vehicles. MOSFET Power Transistors improve connectivity driving and safety innovation among drivers, which is expected to fuel market demand. The rapid electrification of vehicles is driving the growth of the automotive MOSFET Power Transistors market.
• The growing adoption of advanced driver-assistance systems (ADAS) and increasing government regulations globally mandating ADAS are also expanding the scope of this segment. Also, the growing adoption of infotainment in vehicles is expected to provide growth opportunities. The growing complexity of automotive digital applications requires the constant evolution of MOSFET Power Transistors and technologies.
• The factors driving the global amplifier and comparator market's growth include increased vehicle production and rising demand for electric vehicles. Additionally, several technological advancements, such as the implementation of IoT and favorable government standards for the production of autonomous, connected, and low-emission vehicles, are further fuelling the market growth of the automotive MOSFET Power Transistors during the forecast period.
• In July 2022, Toshiba Electronic Devices & Storage Corporation announced developing silicon carbide (SiC) MOSFETs with low on-resistance and significantly reduced switching loss. While SiC power devices are now mainly utilized in inverters for trains, the wider application is on the horizon, comprising in vehicle electrification and the miniaturization of industrial equipment.

Asia Pacific Expected to Witness Significant Market Share

• The Asia-Pacific is projected to account for the highest market growth in the MOSFET Power Transistors market. The highest growth in the market is attributed to the growing disposable income of consumers in the region, increasing adoption of consumer electronics devices, booming infrastructure, and rising technological advancement in the region are some of the driving factors behind the growth of the market.
• Asia Pacific is going to dominate the global MOSFET Power Transistors market throughout the forecast period, as several manufacturers of Power MOSFET operate in the region, and they are constantly investing in the development of technologically advanced products. Furthermore, expanding presence of players in the consumer electronics sector and steady growth of consumer electronics and automotive industries in the region, especially in China, are expected to boost the market for MOSFET Power Transistors in the Asia Pacific during the forecast period.
• The Thai government launched an EV action plan in 2016 to encourage the production of BEVs and PHEVs to have 1.2 million such vehicles on the road by 2036. As a result, 13 companies have benefited from preferential tax treatment for electric vehicles. Thailand announced an EV roadmap in March 2020 to produce 250,000 EVs by 2025 and establish an ASEAN EV hub, which will drive market growth.
• Japan holds a significant position in the MOSFET Power Transistors market as it is home to some of the significant manufacturers and the electronics industry. The country focuses on luring semiconductor companies and engaging in partnerships with other nations to boost its semiconductor industry.

Competitive Landscape

Global MOSFET Power Transistors Market is moderately competitive, with a considerable number of regional and global players. Various acquisitions and collaborations of large companies are expected to take place shortly, which focus on innovation.

• March 2022 - Toshiba Electronic Devices & Storage Corporation launched a 40 V N-channel MOSFET, “SSM6K804R,” for automotive equipment to expand the lineup. the new product SSM6K804R features one of the best in the industry low On-resistance of a maximum of 18 mΩ under the condition of the gate-source voltage of 4.5 V.
• February 2021- Nexperia extended the LFPAK56D MOSFET line-up with the AEC-Q101-qualified half-bridge package. It offers 60% lower parasitic inductance and improved thermal performance for power trains, motor control, and DC/DC application.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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