How big is the MOSFET Power Transistors Market?

The MOSFET Power Transistors Market size is expected to reach USD 7.15 billion in 2024 and grow at a CAGR of 4.49% to reach USD 8.91 billion by 2029. Read More

What is the current MOSFET Power Transistors Market size?

In 2024, the MOSFET Power Transistors Market size is expected to reach USD 7.15 billion. Read More

Who are the key players in MOSFET Power Transistors Market?

Analog Devices, Texas Instruments Inc, Broadcom Inc., Microchip Technology Inc and NXP Semiconductors are the major companies operating in the MOSFET Power Transistors Market. Read More

Which is the fastest growing region in MOSFET Power Transistors Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in MOSFET Power Transistors Market?

In 2024, the North America accounts for the largest market share in MOSFET Power Transistors Market. Read More

What years does this MOSFET Power Transistors Market cover, and what was the market size in 2023?

In 2023, the MOSFET Power Transistors Market size was estimated at USD 6.83 billion. The report covers the MOSFET Power Transistors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MOSFET Power Transistors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

MOSFET Power Transistors Market Trends

Market Trends of MOSFET Power Transistors Industry

Automotive and Transportation is Expected to Hold Significant Market Share

With the increasing demand for electric vehicles worldwide and to keep drivers safe, MOSFET power transistors are widely used in cars. 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 ever-increasing adoption of vehicle infotainment is expected to provide growth opportunities. However, the growing complexity of automotive digital applications requires the constant evolution of MOSFET power transistors and technologies.
With electrification and autonomous technologies becoming prevalent in the automotive industries, more electronic and control units are being installed, which, in turn, is driving the demand for MOSFET power transistors in the market studied. For instance, in 2022, BYD surpassed Tesla as the leading manufacturer of plug-in electric vehicles. Around 1.85 million plug-in electric vehicles were sold by BYD that year. Additionally, technological advancements, such as the implementation of AI, IoT, and favorable government standards for the production of autonomous, connected, and low-emission vehicles, are further fuelling the market's growth.
Furthermore, the growing demand and use cases of MOSFETs in the automotive sector also encourage the vendors to develop innovative solutions, which is anticipated to further facilitate the studied market's growth. For instance, in July 2022, Toshiba Electronic Devices & Storage Corporation announced the development of silicon carbide (SiC) MOSFETs with low on-resistance and significantly reduced switching loss. While SiC power devices are now increasingly being utilized in inverters for trains, the broader application is on the horizon, coming in vehicle electrification and the miniaturization of industrial equipment.

MOSFET Power Transistors Market: Plug-In Electric Vehicle Sales, by Automaker, in units, Global, 2022

Understand The Key Trends Shaping This Market

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Asia-Pacific Expected to Witness Significant Market Share

Asia-Pacific is projected to account for the highest share of the MOSFET power transistors market. The growth can be attributed to factors such as the increasing adoption of consumer electronics devices, growing disposable income of consumers in the region, rising technological advancements, booming infrastructure, and rising technological advancements in the region.
The growth of the Asia-Pacific market is also anticipated to be influenced by factors such as the presence of several manufacturers of power MOSFET in the region, making it easy for buyers to get the product. Furthermore, the presence of a large consumer base, the expanding demand for consumer electronics products, and the steady growth of automotive industries in the region together create a market suitable for developing MOSFET power transistors.
In the last few decades, China has emerged as the major economy in this region owing to the rapid development of the industrial sector. According to the World Bank, the industrial sector in China has averaged almost 10% a year in the last few decades, making the country the global manufacturing hub while also driving the demand for MOSFET power transistors as they are widely used in products/equipment across various industries.
Furthermore, Japan also holds a significant position in the MOSFET power transistors market, home to some substantial manufacturers and the electronics and healthcare equipment industry. According to the Ministry of Finance, Japan, in 2023, exports of medical and pharmaceutical products stood at JPY 101,815 million (USD 680,086). In recent years, the company has also started focusing on luring semiconductor companies and engaging in partnerships with other nations to boost its semiconductor industry, which is anticipated to drive opportunities in the market studied.