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Strategic Analysis of WBG Semiconductors in Power Electronics Applications for EVs, Forecast to 2030
Strategic Analysis of WBG Semiconductors in Power Electronics Applications for EVs, Forecast to 2030
Future Growth Potential of Semiconductor Industry With Growing Powertrain Electrification to Improve Power Density and Efficiency
23-Mar-2023
North America
Market Research
Description
The increasing use of electric vehicles (EVs) worldwide boosts power semiconductor demand. Government laws and subsidies, original equipment manufacturers' (OEMs') dedication to net zero emissions, and sustainability goals accelerate EV penetration in the vehicle industry. This study focuses on wide bandgap (WBG) semiconductors for the North American EV market. Silicon carbide (SiC) and gallium-nitride (GaN) are the 2 WBG technologies that overcome the limitations of silicon in EVs. The semiconductor content of an EV is 2 to 3 times higher than conventional ICE, and almost 75% of this comes from power semiconductors.
Frost & Sullivan estimates the EV market will continue double-digit growth until the decade's end. The WBG semiconductor market is sizable, expanding, and highly fragmented, providing a significant opportunity for new competitors. High-voltage, high-performance power semiconductors will continue to be vital for EVs and a growing part of the semiconductor segment in the forecast period.
The study aims to understand the impact of new regional policies, Chips Act 2022, highlights drivers and restraints, performance differences of WBG semiconductor materials, patent landscape, and key vendors in the ecosystem. The automotive EV components covered are main inverters, onboard chargers, and DC-DC converters. Based on the analysis, WBG semiconductor content will rise 2 times in EVs, from 2026 to 2027, due to OEM adoption of 800 V electrical architecture.
This report provides an outlook on the WBG semiconductor device market for EVs, focusing on North American automotive OEM demand. The key North American OEMs identified are Tesla, GM, Ford, Lucid, and Rivian, adopting WBG or compound semiconductor technology. The report forecasts the demand for WBG based on upcoming EVs till 2030. In addition, a few North American supplier profiles discussed are Wolfspeed, onsemi, Odyssey Semiconductor, Qorvo, Navitas Semiconductor, and GaN Systems.
Key Issues Addressed
- What are the market dynamics that drive WBG semiconductor demand in North America?
- What are the different WBG semiconductor technologies available in North America?
- What is the North American market potential (revenue) of WBG semiconductors in EVs?
- What are the preferences of North American OEMs and suppliers in adopting these WBG semiconductor technologies, and what is their outlook for the future?
- How will technologies evolve during the next decade with different automotive OEMs?
- Who are the key market players of WBG semiconductors for EVs?
Author: Aman Gupta
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Wide Bandgap EV Semiconductor Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
EV Market Segmentation by Region
EV Market Segmentation by Powertrain Type
EV Market Segmentation by Material Type
Regional Policies of Semiconductor Chips
EV Semiconductor Value Chain: Process
EV Semiconductor Value Chain: Reshuffled and Rebuilding
WBG Semiconductor Classifications
EV WBG Semiconductor Materials: Performance
EV WBG Semiconductor Materials: Performance (continued)
EV WBG Semiconductor Materials: Performance (continued)
SiC Semiconductor Wafer Development Timeline
WBG Semiconductor Patent Landscape
Merger and Acquisition in Semiconductor Ecosystem
Key Players: WBG Semiconductor EV Power Ecosystem
Key Players: WBG Semiconductor EV Power Ecosystem (continued)
OEM 800 V Electrification Plan: Technology Trends
OEM 800 V Electrification Plan: Technology Trends (continued)
EV Semiconductor Applications by Components
EV Semiconductor Applications by Components (continued)
EV Semiconductor Applications by Components (continued)
Growth Metrics
Growth Drivers
Growth Drivers Analysis
Growth Restraints
Growth Restraints Analysis
Forecast Assumptions
Revenue Forecast by Scenario
Revenue Forecast by Segment: Optimistic Scenario
Revenue Forecast by Segment: F&S Scenario
Revenue Forecast by Segment, Conservative Scenario
Revenue Forecast by EV Components: Optimistic Scenario
Revenue Forecast by EV Components: F&S Scenario
Revenue Forecast by EV Components: Conservative Scenario
Revenue Forecast Analysis
Competitive Environment
Growth Metrics
Revenue Forecast by Scenario
Revenue Forecast by EV Components: Optimistic Scenario
Revenue Forecast by EV Components: F&S Scenario
Revenue Forecast by EV Components: Conservative Scenario
Growth Metrics
Revenue Forecast by Scenario
Revenue Forecast by EV Components: Optimistic Scenario
Revenue Forecast by EV Components: F&S Scenario
Revenue Forecast by EV Components: Conservative Scenario
Tesla: WBG Adoption
GM: WBG Adoption
Ford: WBG Adoption
Lucid: WBG Adoption
Rivian: WBG Adoption
Infineon: WBG Adoption
onsemi: WBG Adoption
Wolfspeed: WBG Adoption
Navitas Semiconductor: WBG Adoption
Qorvo: WBG Adoption
Odyssey Semiconductor: WBG Adoption
Growth Opportunity 1: Increasing SiC and GaN WBG Semiconductor Adoption
Growth Opportunity 1: Increasing SiC and GaN WBG Semiconductor Adoption (continued)
Growth Opportunity 2: Strategic Partnerships Between SiC and GaN Semiconductor Suppliers
Growth Opportunity 2: Strategic Partnerships Between SiC and GaN Semiconductor Suppliers (continued)
Growth Opportunity 3: WBG Semiconductor Manufacturing Facility Development
Growth Opportunity 3: WBG Semiconductor Manufacturing Facility Development (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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Key Issues Addressed
- What are the market dynamics that drive WBG semiconductor demand in North America
- What are the different WBG semiconductor technologies available in North America
- What is the North American market potential (revenue) of WBG semiconductors in EVs
- What are the preferences of North American OEMs and suppliers in adopting these WBG semiconductor technologies, and what is their outlook for the future
- How will technologies evolve during the next decade with different automotive OEMs
- Who are the key market players of WBG semiconductors for EVs
Author: Aman Gupta
| Deliverable Type | Market Research |
|---|---|
| Author | Aman Gupta |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | semiconductor industry report |
| Keyword 2 | Wide Band Gap Semiconductor Market |
| Keyword 3 | wbg semiconductors |
| Podcast | No |
| WIP Number | K735-01-00-00-00 |