MOSFET Power Transistors Market Size

MOSFET Power Transistors Market Analysis

The MOSFET Power Transistors Market size is estimated at USD 7.15 billion in 2024, and is expected to reach USD 8.91 billion by 2029, growing at a CAGR of 4.49% during the forecast period (2024-2029).

The electronics industry is one of the major consumers of the MOSFET power transistor. As the consumer electronics industry is anticipated to grow significantly, the forecast period will bring opportunities to the studied market.

• The global proliferation of electronic gadgets among millennials, healthcare appliances, and upcoming HEVs and EVs in the automotive sector strongly supports the growth of the studied market. The development of the power MOSFET transistors market will also 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 converters, and onboard chargers. Due to the recent growth in the demand for electric and hybrid electric vehicles globally, the power MOSFET transistors market is expected to offer lucrative opportunities.
• Furthermore, MOSFET Power transistors are also witnessing substantial growth in aerospace and defense applications. With the global aerospace industry growing significantly, driven by the growing passenger traffic and military expenditure, the demand is anticipated to continue its positive growth trend. Furthermore, the emerging application areas also encourage researchers to develop innovative solutions. For instance, in June 2023, scientists from GE Research demonstrated SiC MOSFETs that can tolerate temperatures exceeding 800 degrees C, which is significantly higher than any such previous demonstrations, showing the potential of SiC MOSFETs to support future applications in extreme operating environments.
• Further, power MOSFETs are discrete transistor devices 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.
• With the miniaturization trend becoming dominant in the global electronics and semiconductor industry, the manufacturing complexity of advanced MOSFET power transistors has also grown significantly, creating new challenges for the manufacturers such as the selection of raw materials, fabrication process/equipment, etc., which is also among the major challenging factor for the growth of the studied market.