The global power MOSFET market size was valued at $5.43 billion in 2019, and is projected to reach $9.90 billion by 2027, registering a CAGR of 6.6% from 2020 to 2027.
MOSFET is an acronym for Metal Oxide Semiconductor Field Effect Transistor. It is a power semiconductor that is used as an electronic switch device to control the loads as per requirement. Apart from being a cost-effective solution to replace bipolar junction transistor (BJT), it also enables power management to enhance energy conservation in various applications such as industrial systems, consumer electronic, and electric vehicle. At present, it is used in renewable resources and electric vehicles to improve switching speed, prevent power loss, and amplify electronic signals in electric devices.
Power MOSFET holds tremendous potential in the near future as it is deployed in numerous electric devices. In the coming years, the market is expected to generate moderate cash output with modest investments in development, research, and tests. However, the power MOSFET market is nearing the maturing stage, and is expected to generate modest revenue for key players in the coming years. The industrial segment and the medium power MOSFET segment have tremendous growth potential during the forecast period. Although the market is in its growing phase, these systems are expected to generate notable revenue compared to other types of power MOSFETs.
Power MOSFET is a cost-effective electronic switch device, which has replaced bipolar junction transistor. Power MOSFET is increasingly used in electric vehicles to improve switching speed, prevent power loss, and amplify electronic signals in technologies. Industry verticals, such as automotive and industrial, are the leading sectors with highest demand. Attributed to the growing demand for enhanced technologies, such as smart speakers, smart homes, and other electrical devices, over the years coupled with a few wafer production lines available globally, it is expected to affect the power MOSFET supply significantly. In addition, trade disputes between the U.S. and other countries with China along with the coronavirus outbreak globally have impacted the chip and equipment market globally.
However, due to increase in demand for electric and hybrid electric vehicles globally, the power MOSFET market is expected to offer lucrative opportunities. Usage of power MOSFET in electric and hybrid electric vehicles promotes energy efficiency and better switching frequency, further propelling its market growth.
According to power MOSFET market forecast, in June 2020, ROHM Semiconductor, a leading semiconductor manufacturing firm, launched the 4th generation 1,200V SiC MOSFET, especially designed for automotive powertrain system. In addition, the device can also be used for industrial equipment. Increase in demand for electric vehicles is generating the need for smaller and efficient electric systems. Therefore, ROHM Semiconductors and some other leading semiconductor manufacturers are strengthening their market presence through its competitive product portfolio.
Factors, such as increased dependence on electrical equipment & machinery and increasing emphasis on power saving, are the major drivers significantly affecting the market growth. However, limitations in operations and high cost of power MOSFET have a significant negative impact on the market growth. Furthermore, technological advancements in power MOSFET are expected to offer lucrative opportunities to the market growth globally.
Segmentation
The global power MOSFET market share is segmented on the basis of type, power rate, application, and region. Based on type, the market is bifurcated into depletion mode power MOSFET and enhancement mode power MOSFET. Based on power rate, the market is divided into high power, medium power, and low power. By application, market is classified into energy & power, consumer electronics, automotive, inverter & UPS, industrial, and others. Region-wise, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key power MOSFET market analysis profiled in the report include Infineon Technologies AG, Fairchild Semiconductors, Renesas Electronics Corporation, Digi-Key Electronics, Toshiba Corp., IXYS Corporation, Power Integration, STMicroelectronics, NXP Semiconductors, and Texas Instruments. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
Impact of COVID-19 on the Global Power MOSFET Market:
The COVID-19 crisis is creating uncertainty in the stock market due to immense slowdown in the supply chain of various businesses, falling business confidence, and increasing panic among the customer segments. The overall impact of the pandemic is impacting the production process of several industries, including semiconductor, electronics, and many more. Trade barriers are further constraining the demand and supply outlook. As the governments of different countries have already declared total lockdown and temporary shutdown of industries, the overall production process has been adversely affected.
COVID-19 is having a large impact on both consumer and the economy. Electronics manufacturing hubs have been temporarily shut down to limit the COVID-19 spread among individuals. This has majorly affected the supply chain of the semiconductor market by creating shortages of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on shareholder returns and revenue, which are expected to create financial disruptions in the power MOSFET industry.
By Type
Depletion Mode Power MOSFET segment is projected as one of the most lucrative segments.
To stimulate the local economy, several governments have already announced subsidies and incentives, which are varying by region. For instance, China declared extended state subsidies and tax breaks for consumers purchasing new electric vehicles. In addition, the U.S. has reduced fuel-efficiency standards for automakers. Semiconductor companies are expected to track such regional variation, as it may affect the demand patterns of consumers and anticipate government evolution.
However, the COVID-19 crisis is expected to accelerate automation and the adoption of Industry 4.0 technologies. Remote manufacturing, diagnostics, and maintenance could all become permanent features. If that occurs, semiconductor companies might become smart workspaces, with technologies that facilitate remote work for most of the employees. The companies are also expected to adopt and encourage a hybrid model in their manufacturing processes in which a certain number of employees work remotely and the rest remain on site. The efficiencies gained through such changes as well as their start-up costs could influence future semiconductor revenues.
By Power Rate
Medium power segment is projected as one of the most lucrative segments.
Top Impacting Factors
Factors affecting the growth of the global power MOSFET market include increased dependence on electrical equipment & machinery and increasing emphasis on power saving. However, limitations in operations and high cost of power MOSFET have a significant negative impact on the market growth. Furthermore, technological advancements in power MOSFET are expected to offer lucrative power MOSFET market opportunity globally.
Increased dependence on electrical equipment & machinery
Most machines today use some kind of power MOSFET to manage power. Power MOSFET is directly benefited by the increased dependence on electrical equipment & machinery and is one of the important factors driving the power MOSFET market size.
By Application
Automotive segment is projected as one of the most lucrative segments.
Limitations in operations and high overall cost
Limitations, such as breakdown due to gate oxide, drain to source voltage, maximum drain current, and temperature, hamper the growth of this market. MOSFET also requires certain amount of drain to source voltage and drain current failing to limit the required amounts that could easily lead to breakdown. Power MOSFET has also the tendency to leak current, which is expected to limit the global power MOSFET market growth.
Technological advancement in power MOSFET
Electronics today come equipped with numerous features to increase their sales and provide comfort to consumers. Technological improvements in electronic components, such as computers, smartphones, wireless communication & cloud systems, and others, to improve safety of consumers have widen the opportunity for various safety & security products for vehicles.
By Region
Asia-Pacific region would exhibit the highest CAGR of 8.6%% during 2020-2027
Key Benefits For Stakeholders
- This study includes the analytical depiction of the power MOSFET market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the power MOSFET market.
- The power MOSFET market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Global Power MOSFET Market Report Highlights
| Aspects | Details |
 By Type |
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 By Power Rate |
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 By Application |
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 By Region |
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 Key Market Players | RENESAS ELECTRONICS, NXP SEMICONDUCTORS, FAIRCHILD SEMICONDUCTORS, POWER INTEGRATION, IXYS CORPORATION, STMICROELECTRONICS, DIGI KEY ELECTRONICS, INFINEON TECHNOLOGIES AG, TEXAS INSTRUMENTS INCORPORATED, TOSHIBA |
Analyst Review
The power MOSFET market is highly competitive, owing to strong presence of the existing vendors. Power MOSFET technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
The power MOSFET market possesses high growth potential in the wearable electronics industry and automotive industry. The current business scenario is witnessing an increase in demand for smart wearable devices, particularly in the developing regions such as China, India, and others, due to upsurge in population and rise in demand for consumer electronics. Companies in this industry are adopting various innovative techniques, such as mergers and acquisition, to strengthen their business position in the competitive matrix.
The market growth is supplemented by proactive industrialization efforts and surge in the manufacturing output due to technological advancements. These factors have allowed the emerging markets to evolve as the largest markets during the forecast period both from the demand as well as the supply side. Public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective MOSFET.
Asia-Pacific is the major revenue contributor to the global market, followed by Europe. The market growth in Asia-Pacific and Europe is expected to significantly increase during the forecast period.
The power MOSFET market provides numerous growth opportunities to the market players such as Infineon Technologies AG, Fairchild Semiconductors, Renesas Electronics Corporation, Digi-Key Electronics, Toshiba, and others. These companies are engaged in the process of product innovation, collaboration, and acquisition to expand their services across various regions.
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