Global MOSFETs Market Size, Share, Growth Analysis, By Type(Depletion mode MOSFETs and Enhancement mode MOSFETs), By Application(Automotive and Aerospace) - 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 being propelled by various factors such as the increasing demand for energy-efficient devices, the rising adoption of electric vehicles, and the surge in renewable energy projects. Furthermore, the growth is anticipated to be driven by the expanding usage of MOSFETs in consumer electronics and the advancement of MOSFET technologies. International standards set by organizations like the IEC ensure compliance with safety regulations regarding electrical insulation, temperature ratings, and current-carrying capacity. UL, an independent safety science company, conducts tests to certify MOSFETs for safety standards against electrical shock, fire hazards, and other potential risks. Additionally, the RoHS directive plays a crucial role in ensuring MOSFETs adhere to environmental regulations by restricting hazardous substances like lead, mercury, and cadmium. The market's growth is further supported by the widespread presence of electronic devices among millennials, the increasing use of healthcare appliances, and the expected surge in Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs) in the automotive sector. Continuous technological advancements and innovative solutions also contribute significantly to the progression of the power MOSFET transistors market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global MOSFETs Services Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global MOSFETs Services Market Segmental Analysis

Global MOSFETs market is segmented by type, application, and region. Based on type, the market can be segmented into depletion mode MOSFETs, and enhancement mode MOSFETs. Based on application, the market is segmented into automotive, and aerospace. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global MOSFETs Services Market

The burgeoning MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) market is fueled by the growing need for energy-efficient solutions. MOSFETs stand out among various transistor options due to their attributes like minimal power consumption and heightened input impedance, rendering them well-suited for applications in energy-saving devices such as LED lighting, solar inverters, and electric vehicles. With a mounting global emphasis on energy conservation coupled with ongoing advancements in MOSFET technologies, the trajectory of the MOSFET market is poised for further expansion in the foreseeable future.

Restraints in the Global MOSFETs Services Market

One limitation facing the MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) market is its comparatively higher cost in relation to alternative transistor types. This discrepancy stems from the complex manufacturing processes and materials required by MOSFETs, consequently elevating production expenses. Moreover, the presence of more economical alternatives like IGBTs (Insulated Gate Bipolar Transistors) and BJTs (Bipolar Junction Transistors) poses a challenge to MOSFET market expansion. Nevertheless, the ongoing integration of MOSFETs across diverse applications and the advancement of MOSFET technologies are anticipated to alleviate this constraint over time.

Market Trends of the Global MOSFETs Services Market

MOSFET power transistors are gaining significant momentum in aerospace and defense sectors, driven by the continuous expansion of the global aerospace industry fueled by rising passenger volumes and increased military spending. This growth trajectory is expected to persist as demand for these transistors remains positive. Moreover, the identification of new application domains acts as a driving force, inspiring researchers to innovate and introduce pioneering solutions. A notable breakthrough took place in June 2023, marked by GE Research's unveiling of Silicon Carbide (SiC) MOSFETs capable of withstanding temperatures exceeding 800 degrees Celsius-an extraordinary achievement in the realm of transistor technology.