Frost Radar™: EV Power Semiconductors, 2022

Frost Radar™: EV Power Semiconductors, 2022

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
11-Nov-2022
REGION
Global
Research Code: K810-01-00-00-00
SKU: TM00712-GL-MR_27111
AvailableYesPDF Download

$4,950.00

Special Price $4,455.00 save 10 %

In stock
SKU
TM00712-GL-MR_27111

$4,950.00

$4,455.00save 10 %

DownloadLink
ENQUIRE NOW

Description

The global power semiconductor market is forecast to record rapid growth with the increasing demand for EVs. Favorable government policies and subsidies and OEM commitment to net-zero emissions and sustainability targets contribute to the growing EV penetration.

In 2021, global EV sales, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), totaled 5.8 million units, exhibiting a growth of 79.3% over 2020. Pure electric vehicles (BEVs) made up 71.5% of global EV sales. Frost & Sullivan expects the global EV market to register continuous double-digit growth until the end of the decade. Frost & Sullivan anticipates silicon carbide (SiC)-based power semiconductors to account for 20.0%–25.0% of the overall power semiconductors market in EVs by 2025–2026, from less than 5.0% in 2021.

The power semiconductors market is expected to benefit from the surge in EV adoption worldwide. An EV has 2 to 3 times more semiconductor content in terms of dollar value compared to conventional ICE vehicles. Power semiconductors account for about 75.0% of this incremental semiconductor content in EVs.

Power semiconductors are deployed in onboard chargers, converters, drives, motors, battery management systems, and other vehicle convenience and safety features. These semiconductors contribute to compactness, weight reduction, and reduced power consumption resulting in longer-range, high-performance EVs.

Major power semiconductor types are power discrete and modules (diodes, transistors, and thyristors) and power ICs (switching regulators, controllers, and power management ICs).

Silicon-based semiconductors have been the building blocks of electronics for more than 50 years. However, the limitations of silicon in operating at a high voltage and high frequency with low switching speed make it unsuitable for the high-power electronics capabilities of existing and futuristic applications like EVs.

The industry is moving toward two wide band-gap technologies—silicon carbide (SiC) and gallium-nitride (GaN). WBG semiconductors overcome the limitations observed in silicon, thereby propelling the evolution of power electronics. SiC- and GaN-based components such as MOSFETs and diodes can be used for designing various power electronic circuits such as drive inverters, battery chargers, wireless charging circuits, and DC/DC converters in an electric vehicle.

The Frost Radar™ reveals the market positioning of companies in the EV power semiconductors landscape using Growth and Innovation scores as highlighted in the methodology. The key global companies in the EV power semiconductor market identified by Frost & Sullivan are Infineon Technologies (Infineon), STMicroelectronics, Wolfspeed, onsemi, ROHM, Texas Instruments, Nexperia, Leapers Semiconductor, SEMIKRON, Mitsubishi Electric, Hitachi Power Semiconductor Device (Hitachi), Microchip Technology, and Littelfuse.

The report presents the competitive profiles of each company based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across ten criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Author: Navdeep Saboo

Table of Contents

The Strategic Imperative

The Strategic Imperative (continued)

The Growth Environment

The Growth Environment (continued)

Frost Radar™: EV Power Semiconductor Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Companies to Action

Infineon Technologies (Infineon)

STMicroelectronics

onsemi

ROHM

Wolfspeed

Texas Instruments

Nexperia

SEMIKRON

Leapers Semiconductor

Microchip Technology

Mitsubishi Electric

Littelfuse

Hitachi Power Semiconductor Device (Hitachi)

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

The global power semiconductor market is forecast to record rapid growth with the increasing demand for EVs. Favorable government policies and subsidies and OEM commitment to net-zero emissions and sustainability targets contribute to the growing EV penetration. In 2021, global EV sales, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), totaled 5.8 million units, exhibiting a growth of 79.3% over 2020. Pure electric vehicles (BEVs) made up 71.5% of global EV sales. Frost & Sullivan expects the global EV market to register continuous double-digit growth until the end of the decade. Frost & Sullivan anticipates silicon carbide (SiC)-based power semiconductors to account for 20.0%–25.0% of the overall power semiconductors market in EVs by 2025–2026, from less than 5.0% in 2021. The power semiconductors market is expected to benefit from the surge in EV adoption worldwide. An EV has 2 to 3 times more semiconductor content in terms of dollar value compared to conventional ICE vehicles. Power semiconductors account for about 75.0% of this incremental semiconductor content in EVs. Power semiconductors are deployed in onboard chargers, converters, drives, motors, battery management systems, and other vehicle convenience and safety features. These semiconductors contribute to compactness, weight reduction, and reduced power consumption resulting in longer-range, high-performance EVs. Major power semiconductor types are power discrete and modules (diodes, transistors, and thyristors) and power ICs (switching regulators, controllers, and power management ICs). Silicon-based semiconductors have been the building blocks of electronics for more than 50 years. However, the limitations of silicon in operating at a high voltage and high frequency with low switching speed make it unsuitable for the high-power electronics capabilities of existing and futuristic applications like EVs. The industry is moving toward two wide band-gap technologies—silicon carbide (SiC) and gallium-nitride (GaN). WBG semiconductors overcome the limitations observed in silicon, thereby propelling the evolution of power electronics. SiC- and GaN-based components such as MOSFETs and diodes can be used for designing various power electronic circuits such as drive inverters, battery chargers, wireless charging circuits, and DC/DC converters in an electric vehicle. The Frost Radar™ reveals the market positioning of companies in the EV power semiconductors landscape using Growth and Innovation scores as highlighted in the methodology. The key global companies in the EV power semiconductor market identified by Frost & Sullivan are Infineon Technologies (Infineon), STMicroelectronics, Wolfspeed, onsemi, ROHM, Texas Instruments, Nexperia, Leapers Semiconductor, SEMIKRON, Mitsubishi Electric, Hitachi Power Semiconductor Device (Hitachi), Microchip Technology, and Littelfuse. The report presents the competitive profiles of each company based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across ten criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Author: Navdeep Saboo
More Information
Author Navdeep Saboo
Industries Test and Measurement Instrumentation
No Index No
Is Prebook No
Podcast No
WIP Number K810-01-00-00-00