MOSFETs Market Size, Share, Growth Analysis, By Type(Depletion mode MOSFETs and Enhancement mode MOSFETs), By Application(Automotive and Aerospace), By Region - Industry Forecast 2024-2031

MOSFETs Services Market size was valued at USD 8.4 billion in 2022 and is poised to grow from USD 9.03 billion in 2023 to USD 16.10 billion by 2031, growing at a CAGR of 7.50% in the forecast period (2024-2031).

The MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) market is highly fragmented, with the presence of several regional and players. The market players focus on strategic initiatives such as mergers and acquisitions, collaborations, and partnerships to expand their market share and strengthen their market position. They also invest heavily in research and development activities to develop advanced MOSFET technologies and improve their product offerings. The competition in the MOSFET market is expected to intensify in the coming years due to the growing demand for energy-efficient devices and increasing competition from low-cost alternatives. 'Infineon Technologies AG (Germany)', 'Toshiba Corporation (Japan)', 'STMicroelectronics N.V. (Switzerland)', 'ROHM Semiconductor (Japan)', 'ON Semiconductor Corporation (US)', 'Vishay Intertechnology, Inc. (US)', 'Texas Instruments Incorporated (US)', 'Microchip Technology Inc. (US)', 'NXP Semiconductors N.V. (Netherlands)', 'Renesas Electronics Corporation (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'Fuji Electric Co., Ltd. (Japan)', 'SEMIKRON International GmbH (Germany)', 'IXYS Corporation (US)', 'Fairchild Semiconductor Corporation (US)', 'Alpha and Omega Semiconductor Limited (Hong Kong)', 'Diodes Incorporated (US)', 'ABB Ltd. (Switzerland)', 'Littelfuse, Inc. (US)', 'Maxim Integrated Products, Inc. (US)'

One driver for the growth of the MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) market is the increasing demand for energy-efficient devices. MOSFETs offer several advantages over other types of transistors, including low power consumption and high input impedance, making them ideal for use in energy-efficient devices such as LED lighting, solar inverters, and electric vehicles. The rising concern for energy conservation and the development of advanced MOSFET technologies are expected to further drive the growth of the MOSFET market in the coming years.

MOSFET Power transistors are experiencing notable traction within aerospace and defense applications. The steady expansion of the aerospace industry, propelled by escalating passenger traffic and increased military expenditures, underpins the anticipation of continued positive growth in demand for these transistors. Additionally, the emergence of new application areas serves as a catalyst, motivating researchers to innovate and develop groundbreaking solutions. Notably, a significant advancement occurred in June 2023, when scientists at GE Research showcased Silicon Carbide (SiC) MOSFETs capable of withstanding temperatures surpassing 800 degrees Celsius—a remarkable milestone in the field.

North America dominated the MOSFET market due to the high adoption of MOSFETs in various applications such as automotive, aerospace, and defense. The region has a strong presence of leading MOSFET manufacturers, including Texas Instruments, Infineon Technologies AG, and Microchip Technology. The increasing demand for energy-efficient devices and the growth of renewable energy projects are expected to drive the growth of the MOSFET market in North America.