global SiC MOSFET chips (devices) and module market was valued at USD 540.9 million in 2022 and is projected to reach USD 2731.9 million by 2029, growing at a CAGR of 26.0% during the forecast period.
• Surge in Electric Vehicle Adoption: The rapid shift towards EVs is driving demand for SiC MOSFETs due to their superior efficiency in powertrain and charging applications.
• High Manufacturing Costs: The production of SiC wafers is expensive, increasing the overall cost of SiC MOSFETs.
• Strong demand due to the increasing adoption of EVs, 5G networks, and renewable energy solutions.
• The United States leads the region, supported by a robust semiconductor industry and government incentives.
• Germany dominates the European market, driven by its strong automotive and renewable energy sectors.
• Government policies favoring energy-efficient technologies fuel market growth.
• SiC MOSFET Chips/Devices
• SiC MOSFET Modules
• Electric Vehicles (EVs) and Hybrid Vehicles
• Renewable Energy Systems
• 5G & Telecommunications
• Aerospace & Defense
￭Infineon Technologies
￭Wolfspeed (Cree)
￭ROHM Semiconductor
￭STMicroelectronics ￭ON Semiconductor ￭Mitsubishi Electric
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