October / November 2021

6 MARKET NEWS Issue 4 2021 Power Electronics Europe www.power-mag.com With around $9.5 billion by 2026, the MOSFET market will grow at roughly 4 % CAGR between 2020 and 2026. Leading MOSFET manufacturers are based in Europe, United-States and Japan, whit a big push from China. The ranking of top players has not evolved significantly since 2019 as 2020 MOSFET market was affected by COVID-19 crisis. Main MOSFET players are also involved in other power electronics technologies, such as IGBT, GaN or SiC. “Silicon MOSFETs are key components in a very wide range of low and mid- power applications”, asserts Ana Villamor, Market Analyst at Yole Développement. “In 2020, the MOSFET market was worth $7.5 billion. We expect a 3.8% CAGR from 2020-2026, with most revenue coming from consumer and automotive markets.” In general, 2021 has been an impressive year for MOSFETs with a huge recovery from COVID-19 thanks to the high demand for computing and consumer electronics. Today the consumer market contributes 37 % of MOSFET revenues, making it the largest sector. Yole’s analysts are expecting this to fall in coming years due to lower end system demand after COVID-19 lockdowns, which have been very good for computing and consumer electronics, resulting in a $2.8 billion market by 2020. Automotive, including EV, will boost the demand for Silicon power MOSFETs due to increasing adoption of auxiliary systems and electrification. Auxiliary motor drives boost low voltage MOSFETs, while electrification boosts high voltage MOSFETs that are included in DC/DC converter or on-board charger systems. The two segments together are today 21 % of the MOSFET market. They will increase to 32 % by 2026. “Indeed, new environmental regulations targeting carbon neutrality by 2050 by some governments play in favor of faster vehicle electrification”, adds Amine Allouche, Technology Analyst at System Plus Consulting. “And power electronics is a key technology for this transition. Silicon MOSFETs benefit from mature infrastructure and processes. Meanwhile, new device generations are coming to the market. In addition to performance improvements, Silicon MOSFET die costs will be further reduced thanks to a 12-inch Silicon wafer transition that will make their cost increasingly competitive.” In this ecosystem, Infineon Technologies keeps its leading position thanks to its large MOSFET portfolio and its well-known CoolMOS technology – along with its 12-inch (300 mm) wafer manufacturing capability. In the MOSFET ranking, onsemi reaches the 2nd position, with 13 % market share , with leadership in low-voltage automotive market segment. And what about the Chinese players? “Indeed, they are not very visible in the MOSFET market, since it is highly technologically driven. However, we start to see players such as Jilin Sino Microelectronics, Silan Microelectronics or CRMicro with quite a few MOSFET products in their portfolio. As detailed in Yole’s Silicon MOSFET report, China accounts for 38 % of MOSFET sales. As well as growing demand for MOSFETs for different applications, the Chinese government is pushing for domestic manufacturing. It is therefore not surprising that Chinese players are investing in manufacturing capabilities,” asserts Milan Rosina, Analyst, Power Electronics. “Foundries like HHGrace and CanSemi have invested in 300 mm facilities to cope with higher production of MOSFETs and other power components and have started production in them. However, this is not the end of Chinese push for 300 mm. SiEn is building a 300 mm fab, as well as CRMicro and Nexperia. In fact, CRMicro recently raised money through an IPO , and has already expanded its 200mm line. Other companies like Jiejie Microelectronics and SMIC are following the same pattern. All of them want to invest the money raised into manufacturing capacity.” Chinese companies are also gaining market share via acquisitions. Deals by Chinese-owned companies are not straightforward since the China-US trade war started. See for example the Nexperia–Newport, UK, Wafer Fab or Magnachip-Wise Road Capital acquisitions. Chinese manufacturers are also investing in technology knowledge. Five years back, Chinese products were believed to be lower performance than Europe, Japan, or American manufacturers for high-end components like Superjunction MOSFETs. However, this is changing. Some Chinese companies can achieve similar performances to key MOSFET players. All in all, Chinese manufacturers are racing to capture a big portion of the MOSFET market. IGBT market driven by automotive With $8.4 billion by 2026, the IGBT market will get a 7.5% growth between 2020 and 2026. IGBT modules segment will represent 81 % of the total market in 2026 during the same period, boosted by EV/HEVs adoption. More than 80 % of the market will be focused on the 600-1200V nominal voltage ranges by 2026. IGBT main manufacturers are spread all over the world, but Yole sees also an important growth of Chinese IGBT manufacturers, both foundries and IDMs. The ranking of main IGBT suppliers remains almost unchanged. The top 3 are Infineon Technologies, Mitsubishi Electric and onsemi. In 2020, the largest IGBT market segments were industrial applications and home appliances. They were closely followed by EV/HEVs, which represented a market of $500 million in 2020 and which will grow with an impressive 23 % CAGR between 2020 and 2026. “This is due to the transition from ICE vehicles to EV/HEVs, which is being strongly driven by governments’ targets for CO2 emissions reductions. This transition is further accelerating, due to President Biden’s action plans for the USA as well as the recent EU climate initiative in which all new cars registered in Europe from 2035 will be zero-emission. Therefore, the EV/HEV segment share will more than double by 2026. Charging infrastructure is also impacted by government decisions as the deployment of chargers is crucial for the expansion of electric vehicle uptake,” said Abdoulaye Ly, Technology Analyst. “Although charging infrastructure is still a small market for IGBTs, it is expected to increase by more than 300 % in the coming five years.” www.yole.fr China Race to Enlarge MOSFET Market Shares