POWER MOSFET MARKET ANALYSIS

Power MOSFET MarketSize and Trends

The global power MOSFET market size was valued at US$ 7.55 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030.  Rapid technological advancements, increased efficiency, and small size of electronic components are expected to drive growth of the global power MOSFET market over the forecast period. In addition, the power MOSFET market is expanding because of favorable industrial regulations in regions such as China and India. 

Figure 1: Global Power MOSFET Market Share (%), By Region, 2022

Global Power MOSFET Market Trends:

Growth of automotive sector is a recent trend in the market

The demand for electric vehicles is increasing globally, the use of power MOSFET devices is thus growing to offer enhanced safety to drivers. The use of MOSFET transistors enhances the connectivity driving and safety innovations in drivers. This in turn is expected to drive the demand for power MOSFET technology, which is further likely to boost the market growth in the coming years.

Emergence of advanced technology such as IoT, and AI is another trend in the market

Due to emergence of IoT and AI, a new generation of semiconductor innovations is emerging. Semiconductor chips manufacturers are addressing the demands of both IoT and AI. Moreover, 5G networks are increasingly being deployed in correspondence with a growing need for high-performance, faster computing systems. As a result, the need for power MOSFET technology is increasing rapidly. Thus, this trend is expected to boost growth of the global market in the coming years.

Figure 2: Global Power MOSFET Market Share (%), By Power Rate, 2022