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

Global 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 global MOSFETs market is driven by several factors, including the increasing demand for energy-efficient devices, the growing adoption of electric vehicles, and the rise in renewable energy projects. 

Additionally, the increasing usage of MOSFETs in consumer electronics and the development of advanced MOSFET technologies are expected to drive the growth of the MOSFET market in the coming years. 

The IEC sets international standards for the safety and performance of electrical and electronic devices, including MOSFETs. The organization ensures that MOSFETs comply with safety standards and guidelines for electrical insulation, temperature ratings, and current-carrying capacity. 

UL is an independent safety science company that tests and certifies electrical devices, including MOSFETs. UL conducts safety tests on MOSFETs to ensure that they meet safety requirements for electrical shock, fire hazards, and other potential safety hazards. 

The RoHS directive restricts the use of certain hazardous substances in electronic devices, including MOSFETs. The directive ensures that MOSFETs do not contain substances such as lead, mercury, and cadmium, which can be harmful to human health and the environment.

The robust global presence of electronic devices among millennials, the expanding array of healthcare appliances, and the anticipated surge in Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs) within the automotive sector serve as robust pillars bolstering the growth trajectory of the studied market. 

The progression of the power MOSFET transistors market is further propelled by continual advancements in technology and a consistent influx of innovative solutions.

US MOSFETs Market is poised to grow at a sustainable CAGR for the next forecast year.