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

RELEASE DATE
23-Mar-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K735-01-00-00-00
SKU: AU02506-NA-MT_27512
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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.
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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

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.--BEGIN PROMO--

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

More Information
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