Market Trends of Field Effect Transistor Industry
This section covers the major market trends shaping the Field Effect Transistor Market according to our research experts:
The Automotive Segment is Expected to Drive the Market Growth
The Field Effect Transistor market is being influenced by the automobile industry's rising technical improvements. Cars using traditional IC engines only require a few electrical components.
With the increased adoption of Electric vehicles and Hybrid vehicles, automotive is one of the rising segments of the Field Effect Transistor industry. It is expected to have a significant share. Innovations like autonomous car technology, regenerative braking, and the integration of various sensors have raised the demand for Field-Effect Transistors. Additionally, government rules requiring advanced driver assistance systems (ADAS) have supported the segment's growth. Electronic components in the automobile sector are vital for safety and are exposed to high voltages and extreme Conditions. Manufacturers have responded by creating a new range of Field Effect Transistors for automotive applications.
In December 2021, STPOWER silicon-carbide (SiC) MOSFETs were launched by STMicroelectronics, improving the power electronic devices for electric-vehicle (EV) powertrains and other applications where power density, energy efficiency, and reliability are critical to meeting goal criteria.
The electric vehicle market is very competitive, and new manufacturers are constantly pushing the boundaries of innovation. Porsche, for instance, built its Taycan with an 800 V system, although many modern electric vehicles use 400 V batteries. As a result, established automotive component makers developed Field Effect Transistor offerings for the automobile market.
In March 2021, Alpha & Omega Semiconductor Limited, a designer, pioneer, and global supplier of power semiconductors, power ICs, and digital power solutions, introduced AEC-Q101 approved 1200V SiC MOSFETs in an optimized TO-247-4L package. It's designed for electric vehicle (EV) onboard chargers, motor drive inverters, and off-board charging stations that demand excellent efficiency and dependability. For an automotive-qualified TO-247-4L with a typical gate drive of 15V, the 1200V SiC MOSFETs provide low on-resistance.
In May 2022, in Mexico, BMW planned to add electric vehicles. BMW is investing one billion USD in Mexico, and the assembly factory could become the automaker's next exclusive electric car manufacturing facility. An increase in the manufacturing of electric cars boosts the Field Effect Transistor Market.
North America is Expected to Register the Major Growth
North America is one of the most important markets for Field-Effect Transistors because of the region's automotive solid and other sectors. On Semiconductor Corporation, Diodes Incorporated, and D3 Semiconductor LLC are among the firms based in the area.
The semiconductor industry and Field Effect Transistor manufacturing rely heavily on the United States for production, design, and research. The region's significance fuels demand for electronic equipment exports and increasing end-user sectors that utilize large amounts of Field Effect Transistors, such as consumer electronics and automobiles.
The semiconductor business (including discrete) is one of the most significant exporting sectors in the United States. According to the International Trade Association (ITA), most semiconductors (more than 82%) come from direct US exports and sales by US-owned subsidiaries in other countries. They include US-based R&D, IP development, design, and other high-value-added activities. According to the World Semiconductor Trade Statistics (WSTS) organization, the area shares roughly 22% of the semiconductor industry.
The current COVID-19 pandemic has resulted in factory closures. For both factories, closures have resulted from the recent outbreak of COVID-19. China utilizes around 40-50% of worldwide semiconductor output for domestic and export manufacturing. As a result, semiconductor companies in the United States have significant revenue exposure to China.
Furthermore, plant closures or underutilization of production facilities may result in order reductions and, as a result, fewer or delayed sales. Semiconductor companies with significant sales exposure to Apple, Qualcomm Inc., and Broadcom Inc. might be impacted in the short run. Overall, powerful electronics and semiconductor firms like Texas Instruments drive the Field Effect Transistor industry in the area, with end-consumers from numerous sectors such as consumer electronics and automotive parts. Demand is fueled by consumer demand throughout the region.
